According to the Market Statsville Group (MSG), the Global DIY Home Automation Market size was valued at USD 29,400 million in 2021 and is projected to reach USD 5,29,700 million by 2030, growing at a CAGR of 37.9% from 2022 to 2030. DIY home automation offers security through automated door locks, remotely temperature adjustments, appliances, and lighting control, among others, such features and benefits propel the market’s growth. However, cyber threats and high initial costs will hamper the market’s growth. The integration of advancing technologies such as AI, IoT, ML, and others will create lucrative opportunities for the market’s growth.
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Scope of the Global DIY Home Automation Market
On the basis of the study, the DIY home automation market is categorized into the following segments: offering and technologies at the regional and global levels.
By Offering Outlook (Sales, USD Million, 2017-2030)
Hardware
Smart Hub
Security & Access Control
Door Locks
Smoke & Carbon Monoxide Detectors
Security Cameras
Door/Window and Motion Sensors
Others
Lighting Control
Entertainment Control
Climate Control
Others
Managed Services
By Technology Outlook (Sales, USD Million, 2017-2030)
Network Technologies
Wireless Technologies
Other Protocols and Standards
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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Network Technologies segment holds major market share, by Technologies
On a segmental basis, network technologies account for the major market share in 2021, the growth is attributed to the surging proliferation of smartphones and internet devices developing network areas and enabling the user to manage the home. Network technology works on common networks or up to a certain frequency will further augment the segmental growth.
However, wireless technologies are surging tremendously, and the adoption of wireless technology will create lucrative opportunities for the market’s growth. Hence, the wireless technologies will showcase the highest CAGR for the market and fuel its growth. As wireless technology assists users in managing their homes from different locations and networks.
Regional Analysis of DIY Home Automation Market
On a regional basis, North America accounts for the major market share in 2021. The growth is attributed to the growing technological advancements and rising disposable income across the region. Individuals across the North American region are willing to adopt smart home automation devices to ease their regular tasks and improve the home's security. DIY home automation customizes the home automation products for the individual users coupled with the desired services required, saving the cost. In addition, the presence of market players across the region will also contribute to the market’s growth across the region. Key players are adopting various key strategies to enhance their customer base and market position. For instance, in February 2020, Dmoatic unveiled Getwired, a new wired home automation system. The wired automation modules have their own advantages, such as higher throughput, communication stability, and lower latency, among others. Such factors will propel the market’s growth over the forecast period.
Key Market Players in the Global DIY Home Automation Market
DIY home automation market has highly competitive rivalry due to the presence of various well-established market players coupled with the growing demand for home automation. Such factors drive the market's growth, which major market players seek as an advantage and gain profit margins. Some of the major players are as follows:
Icontrol Networks, Inc.
Nortek, Inc.
Smartlabs, Inc
Nest Labs, Inc.
Ismartalarm
Belkin International, Inc.
Ingersoll-Rand PLC.
Lowe's Iris
Vera Control Ltd.
Smartthings, Inc.
Wink
Others prominent players
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