Global home automation market valued at USD 3.6 billion in 2012 is expected to see a strong growth at 24.5% CAGR during 2013 to 2019 period. Currently, the market is at a point of inflection and is characterized by following aspects: complexity of solutions, high level of inter and intra industry competition, large number of networking technologies, multiple and incompatible standards, and sub-sequent high priced products.
The underlying demand for a universal solution, which is easy to install, works across multiple platforms, can be integrated with other automation sub-systems in a home, and is priced competitively, is expected to help the market turn into a mass (mainstream) market from a luxury dominated market.
Global home automation market which till now saw revenue coming from systems considered as luxury is gradually witnessing a shift towards systems made for mass adoption. Entry of players such as telcos, broadband connectivity providers, utilities, cable operators, and others from different industrial vectors is expected to fuel this transition. This has induced trend across players who catered to luxury segment and are now developing solutions for mainstream market.
As a result, luxury segment is expected to give way to managed automation services and mainstream solutions. Both these segments are expected to collectively account for 71.0% of the global market by 2019, a rise of 27.5% from that in 2012.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Home Automation Market (Lighting, Safety and Security, Entertainment, HVAC, Energy Management) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019.
Global Home Automation Market Analysis
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