Home automation system by using intelligent terminals helps automating and controlling home appliances and equipment from a central hub device. Home automation is a part of building automation, which includes centralized control of lighting appliances; security locks of gates & doors; and heating, ventilation and air-conditioning (HVAC) appliances. Home automation is used to improve energy efficiency, security and comfort. In addition, home automation systems also improve the quality of life for old and disabled people who depends upon someone else for their daily activities.
The global home automation market is segmented on the basis of type, application and networking technology. On the basis of type, the market is divided into luxury home automation system, mainstream home automation systems, Do It Yourself (DIY) home automation systems and managed home automation systems.
On the basis of applications, the home automation market is segmented into lighting, safety and security, HVAC, entertainment and others. Safety and security holds the largest application market for home automation systems, followed by entertainment segment. On the basis of networking technology, the home automation market is categorised into wired home automation systems, wireless home automation systems, power line home automation systems and computing network home automation systems. Wireless home automation segment dominates the global home automation market and is predicted to grow due to the increasing use of Wi-Fi enabled products.
The global home automation market is primarily driven by growing Internet of Things (IoT) and increasing importance of home monitoring from remote locations. In addition, factors such as functional ease, connectivity of smartphones with home automation systems and enhanced internet connectivity are further driving the market. However, lack of awareness among end users and a high cost of home automation systems are expected to restrain growth of home automation market.
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