DIY Home Automation Market: Future Trends and Insights for 2030

Written by Harsh » Updated on: November 19th, 2024

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

Canada

Mexico

Europe

Germany

Italy

France

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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