Increasing Adoption of IOT Technology and Rising Demand For Energy-Efficient Solutions, Growing Preference For Remote Access And Control Propel Global Smart Automation Market at a CAGR of 20.7% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Smart Automation Market”.

Smart Home Automation Market Highlights

Home automation is a technology that refers to the electronic devices in a house performing a certain action intended to save the owner time and energy. Such gadgets are always attached to the Internet and one is able to remote them through an application or voice assistant. The main advantage of home automation is that smart devices can talk to one another and they take the place of manual control. This method of technology can be used to build the time settings for the appliance, such as lighting and thermostats, which consequently can result in the increased efficiency in energy utilization and the cost savings. As a result, home automation utilizes amazeballs (internet of things devices like cameras, systems) to continue to enhance safety and security. By integrating home automation into a business or commercial setting, tasks can be more simplified, thus improving our productivity across the board. Home automation also tends to rolled out convenience and security to all the stakeholders.

The Smart Automation market is estimated to register a CAGR of 20.7% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Smart Automation market - Homeseer Technologies LLC, Control4 Corporation, ADT Inc, Koninklijke Philips N.V., Legrand Group, ABB Ltd, Schneider Electric SE, Google LLC, Vivint Smart Home Inc, Lutron Electronics Inc, LG Electronics, Crestron Electronics Inc, Wink Labs Inc, Johnson Controls, and Siemens AG.

Market Highlights

The global Smart Automation market is accounted to register a CAGR of 20.7% during the forecast period and is estimated to reach USD 4,80,658.2 million by 2032.

Rapidly Increasing the intelligent home automation of efficiency for energy is the newest trend in home automation technology. Smart home automation systems, along with the necessary gadgets usage, helps the regulation and monitoring of the energy usage at homes, thus minimizing energy costs. Green homes, which are intelligent and powered by energy efficiency, have beneficial aspects such as environmental protection, comfort, and money savings. Smart home would be the technology that would be used to optimze the consumption of energy in the household. It will help homeowners to decrease unnecessary energy wastage, will lead to cost cutting in energy bills, and also will promote a greener environment by automating some of its fuel and power hungry appliances, devices and systems. Energy conservation through smart homes not only help in mitigating the environmental harm but also allow regular citizens to cut their monthly energy bills. For instance, you can minimize the effect of climate variations and look after nature for the coming generations by saving energy. Use our artificial intelligence to write for you for free as a student or a professional.

Technology has become a prominent factor in our life, and it continues to diversify and blend the Smart Home features widely. The idea of an intelligent house that can provide more convenience and comfort is growing increasingly popular alongside the total number of connected devices that has already eclipsed the number of humans. Consumers can easily execute tasks by using voice commands via virtual assistants like Siri, Google Assistant, and Alexa, some of which highlights the popularity of these tools. Smart home gadgets are being highly demanded nowadays, because the devices recently underwent significant functional makeovers such as Bluetooth speakers, a hands-free channel surfing, and others. For instance, Google modified its assistant in October 2022 to include voice-input message typing and support for emoji to make chatting more convenient for consumers. Modern technologies' quick uptake, such as the Internet of Things (IoT), blockchain, intelligent speech recognition, and AI, is having a major influence on the market growth.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Smart Home Automation Market Research Report

Segment Analysis

The global Smart Automation market has been segmented based on Component, Deployment Model, Organization Size, and Vertical.

Based on component, the global Smart Home Automation market segmentation includes Hardware, Solution, and Services. The Hardware segment held the majority share in 2022, contributing around ~60,0% to the market revenue. Hardware comprises of Lighting Controls, Security & Access Controls, HVAC Controls, Entertainment Control, Smart Thermostats, Smart Windows, etc. Intelligent buildings/home used lighting control system since 40% of the building energy is consumed by lighting. Lighting control systems involve lights with low energy consumption and higher luminous intensity thus the requirement for LED lights becomes low since they occupy less space. The flow of the LED technology has been accelerated in lighting control systems of intelligent buildings as these control systems are coupled with the wireless and sensing technologies and tied to the sensors that detect room occupancy and using ambient lighting conditions which allow control of lighting more efficiently, saving money spent on electricity and improving the user experience.

Based on Technology, the global Smart Home Automation market segmentation includes Wired, Wireless and Hybrid. The Wireless segment held the majority share in 2022 contributing around ~44% to the market revenue. The wireless smart home system provides a unique level of comfort and has attracted people from all over the world due to its versatility and compatibility with homes of all sizes and types. These systems employ technologies like Wi-Fi, Bluetooth, Z-Wave and Zigbee for quick and seamless connection between devices. In contrast to hardwiring, wireless automation only demands an obligatory wiring of power connections to wireless devices, controllers, and Wi-Fi routers.

Based on the Application, the global Smart Home Automation market segmentation includes Security & Access, Lighting, Entertainment, HVAC & Energy Management, Smart Kitchen, Smart Window and Others. By Application, Security & Access segment hold the majority market share in 2022 contributing 29% of the market share. The security and access system is the key segment of the smart home automation market applications. It puts the emphasis on upgrading home security and safety to include a number of security systems and technologies that can be employed to control access, detect possible intrusions, and ensure safety. The advanced technology enables home owners to control access to their homes in a remote manner.

Based on the End Use, the global Smart Home Automation market segmentation includes Apartments (Multi Family Homes) and Houses (Single Family Homes). By End Use, Apartments (Multi Family Homes) segment hold the majority market share in 2022 contributing 61% of the market share. Smart homes or multifamily homes are referred to as residential houses or complexes in which there are several individual accommodation units in a single structure. Smart home automation systems address the special needs and priorities of apartment residents so that they can enjoy higher levels of convenience, comfort, security, and energy conservation. Companies like SmartRent, ButterflyMX, and Brilliant have a variety of solutions for multi-residential homes

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, North America held the largest share of 37.7% in the Smart Home Automation market in 2022 and is expected to maintain its dominance during the forecast period. The North America is the largest market for Smart Home Automation. Because it has more financial institutions than any other, the region has attracted international investors. Local players dominate the North American market, resulting in severe entry hurdles. Smart home systems have a large market share in North America, and there is a significant number of smart home systems already installed. According to the forecast, by 2021, about 73 million families from Canada and the United States, or at least 55 percent of all households, will have smart home systems. As shown by the statistics, a majority of buyers, up to 80%, are interested in smart technology, while numerous sellers consider including smart features as a way of increasing the selling points of their houses.

Florida ranks third in interest in smart home automation, following New York and California. Premium Digital Control & Automation, a leading automation company in South Florida, has experienced growth as homeowners seek professional installation for their smart home systems. As demand for smart homes personalized to individual preferences increases, companies started to launch new surveillance products with customized controls and stylish designs.

The European market for smart home systems is still a few years behind the North American market in terms of market penetration and maturity. In the EU28+2 countries at the end of 2019, 111.9 million smart home systems were in use, up from 83.9 million a year earlier. A total of 10.8 million of these systems were multifunction or whole-home systems, while 101.1 million were point solutions. By the end of the year, 17.4 percent of all European households were smart, which corresponds to approximately 40.3 million smart homes. Major vendors in Europe include Centrica, Somfy, Deutsche Telekom and Verisure.

Key Findings of the Study

• The global Smart Automation market is expected to reach USD 4,80,658.2 million by 2032, at a CAGR of 20.7% during the forecast period.


• The North America region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments in North America, making it the primary contributor to the market share.


• Based on component, the Hardware segment was attributed to holding the largest market in 2022, with an approximate market share of 60 %.


• Homeseer Technologies LLC, Control4 Corporation, ADT Inc, Koninklijke Philips N.V., Legrand Group, ABB Ltd, Schneider Electric SE, Google LLC, Vivint Smart Home Inc, Lutron Electronics Inc, LG Electronics, Crestron Electronics Inc, Wink Labs Inc, Johnson Controls, and Siemens AG are the key market players.