The North America home automation systems market reached a value of US$ 12.2 Billion in 2018. Home automation systems, also known as domotics, refer to technological solutions designed for automatically controlling various electronic devices installed in a house. They can control and monitor air-conditioning, heating, lighting, power control, entertainment and, fire and security. These systems enable an individual to easily monitor his home using a computer interface on a tablet or a smartphone, based on personal preferences. At present, aspirational lifestyles and a drive to achieve a high standard of living are influencing consumers to invest in sophisticated technologies like home automation systems. Besides this, the evolution and mass commercialization of smart homes has led to a large-scale modification in this market.
The North America home automation systems market is currently driven by several factors. Rising consumer awareness about technological innovations and optimized energy consumption are some of the factors that are supporting the growth of the market in the region. Moreover, home automation systems help in saving a significant amount of energy and utility costs as they can be used for regulating outlets or appliances, thereby enhancing the product demand. In addition to this, increased need for safety and compliance with the stringent government regulations have also fueled the market growth. Furthermore, owing to the emergence of several modern renovation and redecoration trends, the overall demand for home automation systems is projected to escalate in North America in the next few years. Looking forward, IMARC Group expects the market to reach a value of US$ 17.4 Billion by 2024, registering a CAGR of more than 6% during 2019-2024.
North America Home Automation Systems Market
Key Regions Analysed
Analysis for Each Country
Market by Application
Security and Access Control
Market by Type
Luxury (Custom) Home Automation Systems
Mainstream Home Automation Systems
DIY (Do-it-yourself) Home Automation Systems
Managed Home Automation Systems
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Key Player Profiles
Key questions answered in this report:
How has the North America home automation systems market performed so far and how will it perform in the coming years?
What are the key regions in the North America home automation systems market?
What is the breakup of the North America home automation systems market on the basis of application?
What is the breakup of the North America home automation systems market on the basis of type?
What are the various stages in the value chain of the North America home automation systems industry?
What are the key driving factors and challenges in the North America home automation systems industry?
What is the structure of the North America home automation systems industry and who are the key players?
What is the degree of competition in the North America home automation systems industry?
Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Geography Covered: North America, United States, Canada and Mexico
Segments Covered: Application and Type
Report Customization: Although IMARC has tried to cover everything in the North America home automation systems market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.