The global Smart Home Automation Market size is anticipated to be USD 130.0 billion by the end of 2025, as per a latest report by Million Insights. The increasing need for real-time and remote control of smart homes is attributing to the growth of the market. Additionally, rising geriatrics population coupled with rapid urbanization has resulted in increasing adoption of smart home solutions to cater to the challenges. Further, increasing smartphone penetration and internet connectivity are boosting the industry growth prospect of the market. Increasing adoption of automation in lighting, energy management, smart kitchen and HVAC are estimated to augment the market growth.
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Market Synopsis of Smart Home Automation Market:
Based on technology, the market is categorized into wireless, cellular and others. While, by application, market is bifurcated into lighting, smart kitchen, entertainment, security, HVAC and energy management. Among different application segment, the entertainment category is anticipated to be the leading shareholders and estimated to further expand at a considerable rate. Increasing demand for touch screens, home theatres and audio/video controls are driving this segment demand.
Owing to the increasing popularity of automation technologies in smart homes, manufacturers are emphasizing on investing in research and development to introduce innovative products in the market. New products development is aimed at improving consumer experiences. Further, key players are also engaged in manufacturing cost-effective and reliable products to consolidate their position in the market.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Smart Home Automation: Market Variables, Trends & Scope
Chapter 4 Smart Home Automation: Product Estimates & Trend Analysis
Chapter 5 Smart Home Automation: Application Estimates & Trend Analysis
Chapter 6 Smart Home Automation: End-use Estimates & Trend Analysis
Chapter 7 Smart Home Automation: Industrial End-use Estimates & Trend Analysis
Chapter 8 Smart Home Automation: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Smart Home Automation: Manufacturers Company Profiles
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