The Proliferation Of IOT Devices Is Driving Growth In The Home Automation Market Emerges as a Core Driver of the Home Automation Market in 2025

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What Is the Expected CAGR for the Home Automation Market Through 2025?
The size of the home automation market has witnessed robust expansion in recent years. It's projected to rise from $71.19 billion in 2024 to $77.08 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. The surge in growth during the historic period can be credited to factors such as rising consumer awareness, the convenience and time saved, concerns about energy efficiency, an increased emphasis on health and wellness, as well as improved data privacy.

What's the Projected Size of the Global Home Automation Market by 2029?
In the forthcoming years, a swift expansion is expected in the home automation market, escalating its size to $121.03 billion in 2029 with an annual growth rate (CAGR) of 11.9%. This anticipated surge during the forecast period can be credited to factors such as the emphasis on eco-friendly residences, monitoring health and wellness, commitment towards sustainability, as well as customization and personalization of DIY home automation kits. The major trends expected during this period comprise the emergence of smart hubs and ecosystems, advancement of IoT devices, establishment of security and surveillance solutions, monitoring of health and wellness, customization and personalization, as well as do-it-yourself installations and configurations.

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Top Growth Drivers in the Home Automation Industry: What's Accelerating the Market?
The anticipated expansion of the home automation market in the coming period is linked to the surging utilization of internet of things (IoT) devices in home automation systems. The IoT-based home automation setup, which employs internet protocols or cloud computing to run all smart home appliances, offers various benefits over wired set-ups, including flexibility, easy installation and problem detection, the bypass of any issues related to wiring or weak electrical set-up, and, most importantly, mobility. For instance, Exploding Topics, a US-based online platform offering emerging and trending topic information, predicted in March 2023 that by 2030, the number of IoT devices is expected to reach 25.4 billion. Consequently, the home automation market's expansion is being driven by the rising utilization of IoT devices in home automation systems.

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What Trends Will Shape the Home Automation Market Through 2029 and Beyond?
Rapid advancements in technology are influencing the progression of the home automation market. Key players in the sector of home automation are concentrating their efforts on creating cutting-edge technological solutions to solidify their standing. For example, in June 2022, Hogar Controls, a smart home solutions company based in the US, unveiled a range of home automation products. These include smart touch panels, controllers, digital door locks, and smart curtain motors. These products are targeted towards architects, interior designers, and innovative consumers in need of smart home solutions. The smart touch panels operate on Z-Wave technology and come with Wi-Fi compatibility, further enhancing their versatility with smartphones and voice control via Amazon Alexa or Google Assistant on supported devices through sensors. Moreover, the control panels are designed to withstand heat, humidity, and shock.

What Are the Main Segments in the Home Automation Market?
The home automationmarket covered in this report is segmented -

1) By Product: Lighting Control, Security And Access Control, HVAC Control, Entertainment, Other Products
2) By Technology: Wired Home Automation System, Wireless Home Automation System
3) By End User: Residential, Commercial, Other End Users

Subsegments:
1) By Lighting Control: Smart Bulbs, Lighting Sensors, Dimmers And Switches,
2) By Security And Access Control: Smart Locks, Surveillance Cameras, Alarm Systems,
3) By HVAC Control: Smart Thermostats, HVAC Sensors, Zoning Systems,
4) By Entertainment: Smart Speakers, Streaming Devices, Home Theater Systems,
5) By Other Products: Smart Appliances, Home Health Devices, Energy Management Systems.

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Which Top Companies are Driving Growth in the Home Automation Market?
Major companies operating in the home automation market include ABB, Crestron Electronics Inc., Schneider Electric SE, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand Group, Control4, Home Brain, Savant Systems Inc., Lutron Electronics Company, Sauter AG, Bosch Security and Safety Systems, Silvan Innovation Labs, Elan Home Systems LLC, Fueb, Harman International, LG Electronics Inc., August Inc., HomeSeer Technologies LLC, Amazon Inc., Google Nest, ADT Inc., Vivint Smart Home Inc., SimpliSafe, Ring LLC, Ecobee, Somfy, Netatmo, SmartThings Inc.

Which Regions Will Dominate the Home Automation Market Through 2029?
North America was the largest region in the home automation market in 2024. The regions covered in the home automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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