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The future of the home automation market in Canada looks attractive with opportunities in the safety and security, HVAC, entertainment, and lighting control applications. The major growth drivers for this market are increasing consumer need for simplicity and a personalized experience, growing awareness related to safety and security, and the adaption of cloud-based technologies.
Emerging trends, which have a direct impact on the dynamics of the home automation industry, include growing demand for internet of things (IoT) technology in home automation systems, development of video enabled drones, and constant developments in security technology products such as smart cameras and various sensors and detectors.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this home automation market in Canada report, download the report brochure.
Home Automation Market in Canada by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Home Automation Market
in Canada: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the home automation market in Canada by application, installation type, and technology as follows:
Home Automation Market by Application [$M shipment analysis from 2014 to 2025]:
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Safety and Security
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Entertainment
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Lighting
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HVAC
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Others
Home Automation Market by Installation Type [$M shipment analysis from 2014 to 2025]:
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Managed Service
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Mainstream
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Luxury
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DIY
Home Automation Market by Technology [$M shipment analysis from 2014 to 2025]:
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Wired
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BACnet
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Lonworks
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DALI
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Modbus
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KNX
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Others
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Wireless
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Zigbee
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Wi-Fi
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Bluetooth
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EnOcean
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Z-Wave
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Others
Lucintel forecasts that the safety and security market is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. The entertainment segment is expected to experience the highest growth rate during the forecast period, supported by the increasing need for advanced technology to provide a single platform to deliver a high level of control, flexibility, and the best entertainment experience.
Within the home automation market by installation type, managed service is expected to remain the largest installation type due to the increasing demand for 24/7 monitoring services. Lucintel predicts that the mainstream segment is expected to experience the highest growth rate during the forecast period because of its easy configuration and lower installation cost.
Some of the features of “Opportunities for the Home Automation Market in Canada 2014-2025: Trends, Forecast, and Opportunity Analysis” include:
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Market size estimates: Home automation market size estimation in terms of value ($M) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, installation type, and technology.
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Segmentation analysis: Home automation market size by application (safety and security, entertainment control, lighting, HVAC control, and others), installation type (managed service, luxury, mainstream, and DIY), and technology (wired and wireless) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different application, installation type, and technology of home automation in the home automation market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the home automation market in Canada by application (safety and security, entertainment control, lighting, HVAC control, and others), installation type (managed service, luxury, mainstream, and DIY), and technology (wired and wireless)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the home automation market?
Q.4 What are the business risks and threats to the home automation market?
Q.5 What are the emerging trends in this home automation market and reasons behind them?
Q.6 What are some changing demands of customers in the home automation market?
Q.7 What are the new developments in the home automation market? Which companies are leading these developments?