Technology Home Automation Market Outlook | Page 2

Your CatalystTo a Lucrative Business
Wireless systems were extensively used and are expected to witness a growth at an 11.7% CAGR on account
of shift of consumers to a hands-free method of operation. Computing network is anticipated to achieve
substantial growth in future owing to the availability of wearable computing devices and high-speed internet
connectivity.
Safety & security was the largest contributor and is expected to witness the fastest growth on account of
advancement of technology such as biometric enabled lock system, camera feeds, and alarm sy stems which
prevent theft and burglary. Mainstream automation systems are expected to witness significant growth in
upcoming years on account of its ability to integrate all smart electronic appliances to form one intelligent
system which can be accessible by the user.
Custom automation systems are anticipated to grow on account of its ability to provide features which suit
the personal requirement of the customer. Moreover, these systems are available over a broad price range,
thus, providing a consumer with the option of picking and choosing functions that suit their homes.
Hexa Research has segmented the global home automation market based on technology, application, type
and region:
Segmentation by networking technology, 2014 - 2024 (USD Million)
• Wired systems
• Power-line systems
• Computing networks
• Wireless systems
Segmentation by application, 2014 - 2024 (USD Million)
• Lighting
• Safety & security
• HVAC
• Entertainment
• Energy management
• Others
Segmentation by type, 2014 - 2024 (USD Million)
• Custom Automation
• Mainstream Automation System
• Do-It-Yourself (DIY)
• Managed Home Automation
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
Follow Us: