Leading Companies by Market

Major players commanding the global home automation system market include Honeywell International Inc., ADT, Vivint Smart Home (NRG Energy), Control4 Corporation, Crestron Electronics, Siemens AG, ABB Ltd., Legrand SA, and Philips. These companies lead innovations in smart security, lighting, climate, and entertainment automation systems.

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Recent Mergers & Acquisitions

ABB’s acquisition of Siemens’s wiring accessories business in China, which includes smart door locks and home automation products, strengthens ABB’s presence across 230 Chinese cities and enhances its smart‐building and automation portfolio. In April 2024, Resideo Technologies announced it would acquire Snap One—including brands such as Control4, Triad, Luma, and Araknis—for approximately USD 1.4 billion. This deal expands Resideo’s distribution reach and smart living technology offerings. In June 2023, ABB also acquired Eve Systems, the German smart-home device maker, further consolidating its automation capabilities.

Recent Market Developments

The global home automation system market was valued at about USD 57.7 billion in 2024 and is forecast to reach USD 96.2 billion by 2032, growing at a CAGR of around 6.6% during the period. An alternate estimate places 2024’s market at USD 87.8 billion, with projections to USD 162.5 billion by 2033, at a CAGR of 6.99%. The industry is advancing rapidly with over 260 new device launches reported through 2023–early 2024—smart thermostats using adaptive AI, modular circadian lighting, advanced biometric locks, integrated safety sensors, and Matter/Thread-compatible universal hubs to address interoperability.

By application segment, lighting control led in revenue share (28%), followed by security & access control (25%) and HVAC control (20%); HVAC is accelerating fastest in adoption due to increasing focus on energy savings. Regionally, North America held the largest share (34–38%) in 2023–2024, while Asia Pacific emerged as the fastest-growing region—with India projected at 16.9% CAGR, and China, Japan and South Korea also posting strong growth fueled by IoT penetration and urbanization.

Funding & Investment Activity

Investment is increasingly focused on energy-efficient and AI-integrated automation solutions. The adoption of voice assistants, cross-compatible platforms, and sustainable smart infrastructure has attracted investor interest. Though direct funding data is less public, strategic acquisitions by ABB and Resideo signal investor appetite in scale-up, distribution expansion, and smart ecosystem development through portfolio optimization.

In development of enabling infrastructure, companies are investing in Z‑Wave Long Range and Matter-based hubs to overcome device fragmentation; for example, Shelly’s Z‑Wave LR devices launching in early 2025 will support range up to 1.5 miles and connect up to 4,000 devices per hub on low-power operation—a milestone for large‑scale smart networks.

Conclusion

The home automation system market is charting a path of stable and sustained growth. Anchored by major players like Honeywell, Resideo (including Control4), ABB, Vivint and Siemens, the industry is evolving rapidly thanks to innovation in AI-enabled devices, energy-efficient lighting and HVAC, and seamless security integration. North America commands the current market while Asia Pacific leads in growth trajectories.