Market Overview

According to fortune business insights, the global home automation market size was valued at USD 114.32 billion in 2025. The market is projected to grow from USD 128.57 billion in 2026 to USD 266.88 billion by 2034, exhibiting a CAGR of 11.00% during the forecast period. North America dominated the home automation market with a market share of 37.10% in 2025.

This report has deep-dived into these insights in its latest research report, titled “Home Automation Market, 2026-2034.”

The analysis shows that key players are investing more in home automation as the adoption of Internet of Things (IoT) technology increases. For example, the number of smart speaker users in the U.S. reached nearly 87.7 million in January 2020, indicating a user shift towards automating operations through voice commands. This trend indicates a strong demand for home automation worldwide.

Major Players Profiled in the Market Report:

• ABB Ltd. (Zürich, Switzerland)
• Johnson Controls International plc (Cork, Ireland)
• Crestron Electronics (New Jersey, U.S.)
• Siemens AG (Munich, Germany)
• Control4 Corporation (Utah, U.S.)
• Schneider Electric (Rueil-Malmaison, France)
• Koninklijke Philips N.V (Amsterdam, Netherlands)
• Legrand SA (Limoges, France)
• Honeywell International Inc. (North Carolina, U.S.)
• Savant Systems LLC (Massachusetts, U.S.)

Segments

Increasing Launch of Innovative Smart Devices to Propel Product Segment Growth

Based on component, the market is divided into products and services. The product segment holds the largest market share and dominates the market owing to the increasing development and production of innovative smart home tools and devices, such as security systems, smart appliances, and lighting systems.

High Customization and Connectivity to Drive Wireless Technology Segment Expansion

By network technology, the market is categorized into wireless, wired, and power line-based. The wireless network technology segment is leading the market as it offers open technology with customization capabilities and can operate multiple devices at the same time, making it a smarter option for managing home systems.