According to a new market report by Lucintel, the future of the DIY home automation market looks promising with opportunities in the commercial and household markets. The DIY home automation market is expected to grow with a CAGR of 40% from 2019 to 2024. The major drivers for this market are increasing awareness on safety and security, increasing consumer need for simplicity and personalized experience, growing adoption of cloud-based technologies, and low cost for DIY system.
In this market, smart hub, security and access control, lighting control, entertainment control, climate control, and managed services are the major product and service types. Security and access control is expected to witness the highest growth over the forecast period due to increasing need of the consumer for convenience, and safety and security.
Within this market, DIY home automation is used in commercial and household applications. Household will remain the largest segment due to the low cost of DIY system and increasing demand for convenience and connectivity.
North America will remain the largest region and Europe is expected to witness the highest growth over the forecast period.
Ismartalarm, Smartthings, Ingersoll-Rand, Icontrol Networks, Smartlabs, Nest Labs, Vera Control, Belkin International, Lowe’s Iris and Nortek are among the major manufacturers of DIY home automation.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the DIY home automation market by product and service type, technology, application, and region. Lucintel has prepared a comprehensive research report titled "Growth Opportunity in the DIY Home Automation Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the DIY home automation market by product and service type, technology, application, and region as follows:

By Product and Service Type [$M shipment analysis for 2013 – 2024]:

• Hardware
• Smart Hub
• Security & Access Control
• Door Locks
• Smoke & Carbon Monoxide Detectors
• Door/Window and Motion Sensors
• Others
• Lighting Control
• Entertainment Control
• Climate Control
• Others
• Managed Services

By Technology [$M shipment analysis for 2013 – 2024]:

• Network Technologies
• GSM/HSPA Networks
• CDMA Networks
• LTE Networks
• Wireless Technologies
• Zigbee
• Z-Wave
• Wi-Fi
• X10
• Bluetooth
• Others
• Other Protocols and Standards
• Digital Addressable Lighting Interface (DALI)
• National Electrical Manufactures Association (NEMA)
• Lonworks
• KNX
• Others

By Application [$M shipment analysis for 2013 – 2024]:
• Commercial
• Household

By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the DIY home automation market by product and service type (hardware, managed services), technology (network technologies and wireless technologies), application (commercial and household), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?