Smart home automation systems allow users to remotely control and monitor all the connected devices through a smartphone device. Such systems can provide a remote controllable network to connect everything in the home, right from windows, doors, smoke detectors to lights and electrical outlets. Home automation system offer increased home security, energy efficiency, appliance functionality, and comfort, convenience, and flexibility.
Entertainment Sector to Emerge as the Dominate Application
Smart home automation finds applications in numerous areas including security, entertainment, lighting, smart kitchen, energy monitoring, and Heating, Ventilation, and Air Conditioning (HVAC). Entertainment is expected to be the dominant application area in near future. Smart kitchen is likely to have a considerable growth on account of significant rise in demand for smart appliances. Other application areas like security and HVAC and energy management are also predicted to have a steady growth over the next few years to come.
One of the latest developments in home automation applications is the new Honeywell Smart Home Security System, a self-monitored and all-in-one home security solution by Honeywell Int. Inc. The new security system incorporates Amazon Alexa; however, it can be customized and upgraded with accessories that fit individual requirements for a comfortable and secure home. It also features outdoor and indoor motion viewers and sensors that alert users if the doors or windows of the home are opened.
Market Overview
As per the findings of a research by Grand View Research, Inc.; the global smart home automation market is predicted to reach around USD 39.47 billion by 2025. This growth can be credited to increased adoption of home automation systems in residential appliances. In addition, rising demand for the convenience of real-time and remote operation of such systems has also affected the market positively. Moreover, high consumer awareness about the benefits of these systems is also likely to contribute to market expansion in the forthcoming years.
Several other factors such as a rising demand for smartphone devices and easy availability of internet connections are also predicted to fuel market development in near future. Johnson Controls International PLC; Honeywell International Inc.; ABB Ltd.; Siemens AG; and Schneider Electric SE are some of the prominent market players.
In-Depth Research Report On Smart Home Automation Market:
https://www.grandviewresearch.com/industry-analysis/smart-home-automation-market
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