Summary

In the present era, technology is infiltrating our homes like never before, and the North American home automation system market is at the forefront of this transition. Home automation, often known as the "smart home" concept, is the integration of numerous electronic and digital technologies to provide a more convenient, energy-efficient, and secure living environment. This article examines the current situation of the North American home automation system market, its growth drivers, problems, and future prospects. In recent years, the North American home automation system industry has expanded dramatically. It includes a wide range of solutions and products, such as smart lighting, climate management, security systems, entertainment systems, and more. This market's expansion can be attributed to several key factors, including increasing consumer awareness, a growing desire for convenience, a need for energy efficiency, and advancements in technology. Rising consumer awareness and acceptance is one of the most important drivers of the North American home automation market. Smart home solutions are becoming increasingly tempting as people grow more tech-savvy and seek methods to simplify their daily lives. Because of the ease of control provided by smartphones and voice assistants, homeowners may now handle numerous parts of their homes remotely. Another compelling element driving the growth of home automation systems in North America is energy efficiency. With rising energy costs and concerns about climate change, people are actively looking for ways to cut their energy consumption. Smart thermostats, lighting systems, and appliances enable homeowners to monitor and control their energy consumption, resulting in economic savings and a lower carbon footprint. Voice-controlled gadgets and virtual assistants have been critical to the North American adoption of home automation systems. Amazon's Alexa, Google Assistant, and Apple's Siri have all become household names, allowing consumers to manage their smart gadgets with simple voice commands. This not only increases the convenience of home automation but also improves accessibility, making these systems more appealing to a wider demographic.

According to the research report, “North America Home Automation System Market Outlook, 2028” published by Bonafide Research, the market was valued more than USD 17 Billion in 2022. The ever-expanding range of applications for these systems is one of the primary drivers of growth in the North American home automation system market. Home automation now extends beyond the traditional smart lighting and thermostat management to sectors such as healthcare, with the integration of monitoring devices and remote health services. Home automation also helps to improve accessibility for people with impairments by allowing them to operate many areas of their houses using voice commands or specialized interfaces. The expansion of applications extends to entertainment systems, where modern home theaters and sound systems may produce immersive experiences previously only possible in specialized cinemas. North America has a reasonably good standard of living as well as discretionary money. As a result, there is a huge consumer appetite for home automation systems. A sizable number of North American households are eager and able to invest in these technologies to improve their lifestyles, making it a lucrative market for manufacturers and service providers. Early technology adoption has a long history in the North American market. This characteristic has been critical in stimulating innovation and pushing manufacturers to create cutting-edge solutions. Many home automation companies and startups are situated in North America, fueling technological developments and cultivating an innovative culture. North American culture places a great premium on technology and gadgets. Technology is heavily interwoven in everyday life, from cellphones to smart appliances. This technologically informed culture fosters the acceptance of home automation systems. People are more willing to experiment with new technology and incorporate it into their daily lives. North American consumers value gadget compatibility and seamless integration. As a result, many home automation firms place a premium on making their products and systems interoperable. This enables users to mix and match gadgets from various manufacturers, resulting in a personalized smart home environment.

Based on report market is divided into three major countries United States, Canada and Mexico. Among them United States accounts for the largest market for home automation system in North America.

In recent years, the way Americans maintain their homes has changed considerably in the United States. This trend is partly due to the advancement of home automation technology, which has not only made our lives more convenient but has also significantly improved our energy efficiency and security. The market for home automation systems in the United States has been on an upward trend, fueled by technical improvements, shifting consumer preferences, and a desire for smart living. The home automation system market in the United States has grown significantly in recent years, and this trend is expected to continue in the near future. House automation systems encompass a wide range of technologies and gadgets designed to automate and streamline various aspects of house management, such as lighting, heating, security, entertainment, security, and even appliances. Silicon Valley, Boston, and Austin are just a few of the technological and innovation hotspots in the United States. These areas have a high concentration of tech startups and established tech enterprises, which fosters innovation and research in the home automation sector. Many of the pioneering firms in the home automation market, such as Amazon, Google, Apple, and different startups, are headquartered in or have a large presence in the United States. These companies have been at the forefront of developing smart home technologies and delivering creative solutions that resonate with consumers. The United States has an established ecosystem for technological innovation. This ecosystem comprises tech incubators, research institutions, and collaborations between universities and industry actors, all of which contribute to a favorable atmosphere for home automation breakthroughs.

Based on type market is bifurcated into luxury home automation system, mainstream home automation system, diy (do it yourself) home automation system and managed home automation system. Among them luxury home automation system is expected to grow at fastest rate in North America. Based on network technology market is divided into power line-based, wired and wireless.

The United States, in particular, is noted for having relatively high amounts of discretionary income. The luxury home automation industry caters mostly to affluent clients ready to spend on high-end, premium products and services. The region's large upper-middle-class and rich population generates a thriving market for luxury home automation. In North America, luxury homeowners frequently want exclusive and spectacular experiences within their homes. Luxury home automation systems provide a variety of premium features, such as customized lighting, audio, and visual settings, integrated home theaters, and high-end security systems, all of which provide homeowners with unique and personalized experiences. Luxury home automation systems often feature integrations with premium and renowned brands in various industries, such as high-end audio and video equipment, lighting fixtures, and security solutions. This association with top-tier brands enhances the appeal of luxury systems and meets the expectations of discerning consumers. Wireless network technology dominates the North America home automation system market. Wireless home automation systems are significantly easier to install and configure than their cable equivalents. Homeowners do not need to deal with complicated wiring or the services of professional installers, which may be expensive and time-consuming. Because of the ease of installation, more people are adopting smart home technologies and expanding their systems as needed. Wireless technology allows smart gadgets to be placed anywhere in the home without being confined by wired connections. This versatility enables homeowners to add sensors, cameras, and other smart devices in the most functional and aesthetically pleasing areas. Wi-Fi, in particular, is ubiquitous in North American homes. Because most consumers have Wi-Fi networks for internet access, adding Wi-Fi-enabled smart gadgets to their homes is simple. The broad accessibility of Wi-Fi networks facilitates the adoption of wireless home automation systems.

In terms of fitment market is divided into new construction and retrofit. Retrofit segment is expected to lead the market of North America. Based on application market is divided into security and access control, lighting control, entertainment system, HVAC control, and others (smoke detector, smart plugs, etc.).

The ability to integrate automation technologies into existing dwellings without extensive changes is referred to as retrofit fitting. This is a significant benefit since it allows homeowners to implement automation systems without requiring extensive alterations. Many homes in North America were built before smart home technology was widely available, making retrofit options more appealing to a wider portion of the market. Retrofit solutions are often adaptable and can be tailored to meet the needs and preferences of individual homes. This versatility is crucial because it allows homeowners to select the automation elements that are most important to them and effortlessly integrate them into their current houses. Many retrofit systems are designed for do-it-yourself (DIY) installation, which reduces the need for professional installers and makes them more accessible to homeowners who are comfortable with technology and home improvement projects. Security is a significant consideration for North American homeowners. Homeowners want to keep intruders, theft, and other security hazards away from their families and property. Home automation systems, which include smart locks, video cameras, door/window sensors, and motion detectors, provide a variety of alternatives for improving home security. In North America, home automation systems frequently integrate security and access control with other smart devices and systems. Smart locks, for example, can be combined with home automation platforms, allowing homeowners to remotely lock and unlock doors and even set up scheduled access schedules. Home automation systems enable homeowners to tailor their security and access control settings to their unique requirements. In the event of a security breach or unauthorized access, they can receive real-time alerts and notifications, providing an added layer of protection.

Companies Covered in this report:
Assa Abloy AB, ABB, Honeywell International, Inc., Acuity Brands, Inc., Larsen & Toubro Ltd, Samsung Electronics Co., Ltd., Siemens AG, Legrand, Alphabet Inc, ADT Inc, Schneider Electric SE.

Considered in this report:
• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• North America Home Automation System market Outlook with its value and forecast along with its segments
• Country-wise Home Automation System market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:
• United States
• Canada
• Mexico

By Type:
• Luxury Home Automation System
• Mainstream Home Automation System
• DIY (Do It Yourself) Home Automation System
• Managed Home Automation System

By Network Technology:
• Power Line-Based
• Wired
• Wireless

By Fitment:
• New Construction
• Retrofit

By Application:
• Luxury Home Automation System
• Mainstream Home Automation System
• DIY (Do It Yourself) Home Automation System
• Managed Home Automation System

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Home Automation System industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.



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