Home automation products and solutions deal with automation and control of various household electricals, electronics, and appliances. This includes ventilation, heating, lighting, security, air conditioning, and various home appliances. The modern systems consist of sensors and switches that are connected to a central hub, and the system is controlled via a mobile or web user interface. Wi-Fi is generally preferred as connectivity for remote control and monitoring.

There is a large presence of vendors in the market, and the market is highly fragmented. The vendors are adding various smart features to their product line to add value and differentiate their product. Although there is a lack of accepted industry standards, which is likely to hold the potential of the market.  Consumers generally look for convenience when it comes to installation of smart solutions at their homes. For instance, remote control of audio and various multimedia features in a home entertain system.

Growth of IoT, increasing importance given by modern consumers to remote control features, and promises of cost saving are the major drivers for the growth of home automation market. The market is segmented by product, protocol and technology, software and algorithm, and regions. Few of the major vendors in the market include Schneider Electric, Honeywell, Legrand, Crestron Electronics, Ingersoll-Rand, Siemens, and Johnson Controls.

The study covers and analyses the “Worldwide Home Automation” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.