The global home automation and controls market revenue was around US$ 53.98 billion in 2021 and is estimated to reach US$ 157.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 12.05% during the forecast period from 2022 to 2031.

The term "home automation system" describes the electronic and automatic control of home activities, features, and appliances. This system has uses in lighting, security, and access control as well as ventilation, heating, and air conditioning.

Factors Influencing Market Growth

Rising demand for smart home lighting systems, maintenance of a secure and safe environment, and improved user comfort across a variety of business verticals drive market growth.

Rise in the importance of IoT technology in home automation is anticipated to offer lucrative opportunities for the market.

Lack of compatibility among home control systems hampers the market.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the home automation and controls market. The government enacted a lockdown with major impacts on key supply chain players. However, the market was primarily affected by several challenges, including a shortage of skilled labor and project delays or cancellations.
Therefore, in some regions, COVID-19 had a moderate impact. Countries like the US and the UK temporarily shut down their factories, which resulted in a loss of revenue for the home automation and controls sector, followed by a loss of revenue for well-known manufacturers during the restrictions.

Regional Insights

Europe, the Middle East, and Africa have a substantial share of the home automation and controls market. The European government's approval of the smart cities project is opening up new opportunities for the development of smart homes, which, in turn, drive the market growth in the region.

Leading Competitors
The leading competitors in the global home automation and controls market are:
2Gig Technologies
ABB Ltd
ADT Inc
AMX LLC
Control4 Corporation
Honeywell International Inc
Johnson Controls International plc
Legrand Group
Leviton Manufacturing Co Inc
Siemens AG
Others
Segmentation Analysis
The global home automation and controls market segmentation focuses on Type, Technology, Application and Region.
Segmentation based on Type
Home Automation System
Mainstream Home Automation System
Managed Home Automation System
Segmentation based on Technology
Wired Home Automation Systems
Wireless Home Automation Systems
Powerline Home Automation Systems
Computing Network Home Automation Systems
Segmentation based on Application
Lighting
HVAC
Entertainment
Safety and Security
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America