Europe Home Automation Market Growth, Size, Trends, Revenue, Share and Future Competition
Europe Home Automation Market Size- By Product Type, By Technology, By Software & Service- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: IACT23201 | Pages: 1 - 152 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Home Automation Market Introduction and Overview
According to SPER Market Research, the Europe Home Automation Market is estimated to reach USD 24.92 billion by 2033 with a CAGR of 18.7%.
The report includes an in-depth analysis of the Europe Home Automation Market, including market size and trends, product mix, applications, and supplier analysis. The manufacturing, marketing, and uptake of cutting-edge home automation systems and gadgets that improve comfort, security, convenience, energy efficiency, and general quality of life are together referred to as the "smart home market." A central hub or mobile applications can be used to remotely control and automate a variety of smart devices, including lighting controls, thermostats, security systems, entertainment systems, and home appliances. This allows for the smooth integration and customised control of multiple elements of the home environment.
- January 2023: Samsung announced the 200 million 0.6-micrometer pixels of its new ISOCELL HP2 image sensor, designed for high-end smartphones. The sensor supports 8K video capture at 33MP resolution and switches between 50MP and 12.5MP modes using pixel binding technology to adapt to low light circumstances.
- January 2023: Panasonic Holdings Corporation used compressed sensing to create extremely sensitive hyperspectral imaging technology. This innovation keeps the functionality of traditional colour cameras while improving image analysis and recognition accuracy by enabling the detection of minute colour variations. In association with the Belgian research centre imec, the accomplishment was published in Nature Photonics, representing the first demonstration of effective hyperspectral imaging using compressed sensing in the globe.
Market Opportunities and Challenges
Consumers in Europe are becoming more conscious of the advantages and practicality of smart home technologies. The need for smart home solutions is growing as more people look to improve their lifestyles, save energy, and guarantee comfort and security. Businesses who offer services and products for smart homes stand to gain a lot from this. In the EU's strategic energy technology plan, smart homes are a key focus, aiming to enhance energy efficiency through innovative solutions and smart grid services. Green building design seeks a balance between construction and environmental sustainability, aligning with global efforts to reduce energy consumption and waste. European governments, as part of the EU Green Deal, are committed to achieving climate neutrality by 2050, emphasizing sustainable building practices and energy performance through directives like the "New Energy Performance in Building."
The Europe Home Automation Market is growing quickly, but there are a few things that can slow down this expansion. Due to the collection and transmission of personal data by smart home devices, there is an increased risk of data breaches, unauthorised access, and privacy violations. Customers are becoming more wary of the security flaws in smart home technologies, especially in the wake of high-profile instances. The widespread adoption of smart home solutions is anticipated to be hampered by people's concerns about data privacy and security, as they may be reluctant to fully use the technology in the absence of strong cybersecurity and privacy protection measures. To overcome this constraint and promote customer trust, it is imperative to address these issues through strict data protection laws, robust encryption standards, and open data processing procedures.
Market Competitive Landscape
The European Smart Homes market is fragmented. The major players in the Europe Home Automation market include: ADT Security Services, Axis Communications AB, Hubbel Inc., Johnson Controls International, Legrand SA, Lutron Electronics Co., Mobotix AG, Philips Lighting, Robert Bosch GmBH, Schneider Electric, Siemens AG, Others. These companies are influencing the market by making investments in more affordable and energy-efficient new product ideas.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Technology, By Software & Service |
| Regions covered | Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Switzerland, Turkey, U.K., and rest of Europe |
| Companies Covered | ADT Security Services, Axis Communications AB, Hubbel Inc., Johnson Controls International, Legrand SA, Lutron Electronics Co., Mobotix AG, Philips Lighting, Robert Bosch GmBH, Schneider Electric, Siemens AG, Others |
COVID-19 Impact on Europe Home Automation Market
COVID-19 has caused major companies in the European smart home market to buckle up and re-evaluate plans, halting production and plunging sales. The production and sales of smart home products in the European smart home industry were impacted by a number of factors, including rescheduling the launch of models and projects, stabilising dealer networks, closely managing cash flow, and reviewing investment portfolios. As a result, the market size declined in 2021. The region's smart home market anticipated that after the pandemic, people's preferences for house design will shift. The pandemic scenario and the uncertainty of returning to a regular life have increased consumers' inclination to embrace security measures. The idea of a "smart home" is beginning to make more sense in the 'new normal' post-COVID-19.
Key Target Audience:
- Home Automation Service Providers
- Home Security Companies
- Homebuilders and Renovators
- Homeowners looking to enhance convenience and efficiency in their homes
- Insurance Companies
- Renters interested in portable or temporary smart home solutions
- Smart Home App Developers
- Smart Home Device Manufacturers
- Technology and Electronics Retailers
- Tech-savvy individuals interested in adopting smart home technologies
- Telecommunication Companies
- Others
Our in-depth analysis of the Europe Home Automation Market includes the following segments:
| By Product Type: |
|
| By Technology: |
|
| By Software & Service: |
|
Key Topics Covered in the Report:
- Europe Home Automation Market Size (FY’2023-FY’2033)
- Overview of Europe Home Automation Market
- Segmentation of Europe Home Automation Market By Product Type (Entertainment Controls, Home Appliances, Home Healthcare, HVAC Control, Lighting Control, Security and Access Control, Smart Furniture, Smart Kitchen)
- Segmentation of Europe Home Automation Market By Technology (Wireless, Wired)
- Segmentation of Europe Home Automation Market By Software & Service (Behavioural, Proactive)
- Statistical Snap of Europe Home Automation Market
- Expansion Analysis of Europe Home Automation Market
- Problems and Obstacles in Europe Home Automation Market
- Competitive Landscape in the Europe Home Automation Market
- Impact of COVID-19 and Demonetization on Europe Home Automation Market
- Details on Current Investment in Europe Home Automation Market
- Competitive Analysis of Europe Home Automation Market
- Prominent Players in the Europe Home Automation Market
- SWOT Analysis of Europe Home Automation Market
- Europe Home Automation Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Home Automation Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Home Automation Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Home Automation Market
7. Europe Home Automation Market, By Product Type (USD Million)
7.1. Europe Home Automation Market Value Share and Forecast, By Product Type, 2023-20337.2. Entertainment Controls7.3. Home Appliances7.4. Home Healthcare7.5. HVAC Control7.6. Lighting Control7.7. Security and Access Control7.8. Smart Furniture7.9. Smart Kitchen
8. Europe Home Automation Market, By Technology (USD Million)
8.1. Europe Home Automation Market Value Share and Forecast, By Technology, 2023-20338.2. Wireless8.3. Wired
9. Europe Home Automation Market, By Software & Service (USD Million)
9.1. Europe Home Automation Market Value Share and Forecast, By Software & Service, 2023-20339.2. Behavioural9.3. Proactive
10. Europe Home Automation Market Forecast, 2019-2033 (USD Million)
10.1. Europe Home Automation Market Size and Market Share
11. Europe Home Automation Market, By Product Type, 2019-2033 (USD Million)
11.1. Europe Home Automation Market Size and Market Share By Product Type (2019-2026)11.2. Europe Home Automation Market Size and Market Share By Product Type (2027-2033)
12. Europe Home Automation Market, By Technology, 2019-2033 (USD Million)
12.1. Europe Home Automation Market Size and Market Share By Technology (2019-2026)12.2. Europe Home Automation Market Size and Market Share By Technology (2027-2033)
13. Europe Home Automation Market, By Software & Service, 2019-2033 (USD Million)
13.1. Europe Home Automation Market Size and Market Share By Software & Service (2019-2026)13.2. Europe Home Automation Market Size and Market Share By Software & Service (2027-2033)
14. Europe Home Automation Market, By Region, 2019-2033 (USD Million)
14.1. Europe Home Automation Market Size and Market Share By Region (2019-2026)14.2. Europe Home Automation Market Size and Market Share By Region (2027-2033)14.3. Belgium14.4. France14.5. Germany14.6. Italy14.7. Netherlands14.8. Russia14.9. Spain14.10. Switzerland14.11. Turkey14.12. U.K.14.13. Rest of Europe
15. Company Profile
15.1. ADT Security Services15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Axis Communications AB15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Hubbel Inc.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Johnson Controls International15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Legrand SA15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Lutron Electronics Co.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Mobotix AG15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Philips Lighting15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Robert Bosch GmBH15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Schneider Electric15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Siemens AG15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Home Automation Market is projected to reach USD 24.92 billion by 2033, growing at a CAGR of 18.7% during the forecast period.
Europe Home Automation Market grew in market size from 2023. The Market is expected to reach USD 24.92 billion by 2033, at a CAGR of 18.7% during the forecast period.
Europe Home Automation Market CAGR of 18.7% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Europe Home Automation Market size is USD 24.92 billion from 2023 to 2033.
Europe Home Automation Market Segment is Covered By Product Type, By Technology, By Software & Service
The Europe region is anticipated to have the highest market share in Europe Home Automation Market.
The key players in the market include Companies Covered ADT Security Services, Axis Communications AB, Hubbel Inc., Johnson Controls International, Legrand SA, Lutron Electronics Co., Mobotix AG, Philips Lighting, Robert Bosch GmBH, Schneider Electric, Siemens AG, Others
The manufacturing, marketing, and uptake of cutting-edge home automation systems and gadgets that improve comfort, security, convenience, energy efficiency, and general quality of life are together referred to as the "smart home market.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
