Facts and Figures About Home Automation for Security Purposes

Home automation, in present times, consists of digital technology that automates processes to provide better performance and efficiency in homes across the world. Home automation includes all systems – integrated and solely run, and manual and electrically operated – to run systems such as dimming or turning on lights, managing entrance gates and cameras, or operation of smart appliances, and so on. Home automation systems are evolving continuously due to technology innovations in several developing nations all over the world.

Home Automation Market Description -

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Internet Connectivity and Penetration Emerges as Major Market Driver

The home automation market is expected to expand at a robust CAGR of 26% from 2014 to 2020. The intensifying need for efficient solutions in domestic safety and security systems, lighting, entertainment (video and audio), energy management, and HVAC systems (heating, ventilation, and air-conditioning) are the prime factors that drive the home automation market. Increased internet penetration and connectivity are also among the contributing factors for bolstering the home automation market, globally.

Furthermore, the growth of smart cities and futuristic homes in the Middle East and Asia Pacific is impacting growth of the global home automation market positively. Other factors driving the market for home automation systems are emerging awareness of energy conservation and managing energy use through automation technologies. Smartphone apps are increasingly being used for home automation and this factor is among the major growth drivers for the home automation market.

Safety and Security Application Leads Demand from Home Automation Market

Escalated demand for automated safety and security systems has promoted the growth of this application-based segment of the home automation market. Rising need for prevention of theft has led to this segment having a leading market share valued at US$1.51 billion in 2014 and is expected to continue its expansion during the coming years. The entertainment (audio and video) segment held a 24.7% share of the overall home automation market in 2014.

In the networking technology segmentation of the home automation market, wireless systems accounted for over 50% of the overall market, due to the increased demand for Wi-Fi-enabled technology home automation systems worldwide. The ubiquity and convenience of Wi-Fi systems is responsible for this. The power-line home automation networking technology segment is anticipated to attain substantial growth as the second fastest growing segment, growing at a strong CAGR of 24.4% over the next few years.

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North America Market Dominant Due to Consumer Awareness

Among the geographical segments of the global home automation market, North America had the dominant position with a 40% share of the home automation market in 2014, and is expected to continue as the leader till 2020. Technological advances, consumer awareness and preference for new innovations are among the factors that are influencing the growth of the home automation market positively in Asia Pacific, Europe, and North America.

 The key players in the home automation market are Crestron Electronics, Inc., 2GIG Technologies Control4 Corporation, Siemens AG, AMX LLC, ADT Corporation, Johnson Controls, Crestron Electronics, Inc., Honeywell International Inc., Schneider Electric SA.,Vantage Controls, and iControl Networks Inc.  

Home Automation – A Residential Extension of Building Automation

Home automation systems are used to automate various processes within a residential property. These could include functions such as dimming the lights, operating smart appliances, managing the entrance gate and cameras, turning on/off the AC, and other similar processes. Home automation systems are powered by electricity but can be operated or controlled manually. Home automation solutions are continuously evolving due to consistent technological advancements. The increasing demand for home automation solutions incorporating the latest technology, in order to experience high-end digital technology and better performance is driving the market.

Home Automation Market:

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The persistent need for high performance solutions for domestic applications such as safety, entertainment, lighting, energy, and HVAC is the primary growth driver of the home automation market across the globe. The growth of the market is supported by the rising penetration of the internet across countries such as the U.K., France, and Germany. As consumers become more focused on energy conservation and management, there is a rise in the demand for automated energy management solutions. This is driving the home automation market. Smartphones, tablets, and other handheld devices are increasingly being used, which adds to the ease of establishing home automation systems.

The global home automation market is segmented on the basis of application, networking technology, type, and by geography. On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and Rest of the World, of which North America dominated the market in 2014 and is expected to continue its dominance till 2020. The dominance of the region is marked by developments in technology in countries such as Canada and the U.S. Additionally, the growing affinity of consumers for newer technology is expected to boost the home automation market in North America. Europe and Asia Pacific followed North America in terms of revenue share, and collectively accounted for over 40% of the global home automation market.

On the basis of application, the market is segmented into safety and security, HVAC (heating, ventilation, and air-conditioning), lighting, entertainment, and energy management. Of these, the safety and security segment accounted for the highest share of revenue in 2014 and is expected to remain the highest during the forecast period. The high demand for safety and security home automation systems is due to the increasing risk of criminal activities such as theft and robbery. The entertainment and lightening segment followed the safety and security segment in terms of market revenue.

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Key players profiled in the report include: Honeywell International Inc., AMX LLC, iControl Networks Inc., Crestron Electronics, Inc., 2GIG Technologies, ADT Corporation, Control4 Corporation, Siemens AG, Vantage Controls, Schneider Electric SA., and Johnson Controls.