DIY Home Automation Market Size, Share, Growth, and Industry Analysis, By Type (Hardware and Managed Services), By Application (Security, Entertainment, and Other), and Regional Forecast By 2031

Updated On: 15 April 2024

DIY Home Automation Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global DIY home automation market size was 10530 million in 2021, as per our research, the market is expected to reach USD 76120.95 million by 2031, exhibiting a CAGR of 21.5% during the forecast period. 

The COVID-19 pandemic has been unprecedented and staggering, with DIY home automation experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

DIY home automation refers to the practice of creating and setting up automated systems within your home using do-it-yourself (DIY) methods. With the advancement of technology, it has become increasingly accessible and affordable to automate various aspects of your home, such as lighting, heating, security, and entertainment, using smart devices and integrated systems. Some automation platforms require a central hub or controller to connect and communicate with your smart devices.

As you become more familiar with DIY home automation, you can expand your system by adding more smart devices and exploring advanced features. You can integrate additional devices like smart speakers, smart blinds, irrigation systems, or even build custom solutions using programmable controllers like Arduino or Raspberry Pi. When setting up home automation, pay attention to security measures. Change default passwords, keep firmware updated, and ensure your network is secure. Use strong, unique passwords for your accounts and enable two-factor authentication whenever possible.

COVID-19 IMPACT : Increase in Remote Work Reduced Demand Significantly

COVID-19 had a life changing impact globally. The global reverse mortgages market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for reverse mortgages experienced an increased demand.

The financial impact of the pandemic has affected many individuals, making it difficult for them to invest in new smart devices or automation systems. Economic constraints may limit the ability of some people to pursue home automation projects. DIY projects often rely on online tutorials, forums, and communities for guidance. However, the pandemic has limited access to professional assistance, such as in-person consultations or support services, which could make it more challenging for beginners to get started or troubleshoot issues.

Home automation systems can contribute to health and safety measures during the pandemic. For instance, smart door locks can eliminate the need for physical contact with surfaces, and voice-activated devices can minimize touch interactions. Additionally, smart thermostats and air purifiers can help maintain a clean and healthy indoor environment. The market is anticipated to boost the DIY home automation market share following the pandemic.

LATEST TRENDS

"Wireless Protocols to Broaden Market Growth"

New wireless protocols like Thread and Matter (formerly known as Project CHIP) are being developed to provide a more standardized and interoperable communication framework for smart home devices. These protocols aim to simplify device integration and enhance security. Home automation systems are increasingly focusing on energy management and sustainability. Smart thermostats, energy monitoring devices, and automated lighting controls help optimize energy usage and reduce waste.

Voice assistants have become increasingly popular and integrated into various smart home devices. Smart speakers serve as hubs for voice control, allowing users to interact with and control their smart devices using voice commands. Manufacturers are making efforts to improve compatibility among different smart devices and platforms. Many devices now support multiple protocols like Wi-Fi, Bluetooth, Zigbee, or Z-Wave, making it easier to integrate and control devices from different brands within a single home automation system. These latest developments are anticipated to boost the DIY home automation market share.

DIY Home Automation Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into hardware and managed services.

Hardware holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into security, entertainment, and other.

Security as application holds a major share of the global market.

DRIVING FACTORS

"Customization and Flexibility to Boost Market Share"

DIY home automation allows homeowners to tailor their automation systems to their specific needs and preferences. They have the flexibility to choose the devices, platforms, and features that align with their requirements, enabling a more personalized and unique automation setup. The ability to control and monitor various aspects of the home remotely is a significant driving factor. DIY home automation systems enable homeowners to access and manage their devices through mobile apps, providing convenience, security, and peace of mind, even when they are away from home.

"Advancement in Technology to Boost Market Size"

The increasing compatibility among smart devices and platforms enables seamless integration within a DIY home automation system. Homeowners can mix and match devices from different manufacturers, enhancing the flexibility and expandability of their setups. The proliferation of IoT devices has created a vast ecosystem of interconnected devices and services. DIY home automation leverages this ecosystem, allowing homeowners to integrate their smart devices with other IoT. These factors are anticipated to drive the DIY home automation market share.

RESTRAINING FACTORS

"Reliability and Stability to Hamper Market Share"

DIY home automation systems depend on the stability and reliability of the devices, platforms, and network infrastructure used. Inconsistencies, software bugs, or compatibility issues can lead to unreliable performance or system failures. Individuals may be hesitant to rely solely on DIY solutions for critical home functions or security. The factors are anticipated to hinder the growth of the DIY home automation market share.

DIY Home Automation Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America Dominates the DIY Home Automation Market "

North America is the largest market shareholder for DIY home automation market share. The region has a high level of consumer awareness, technological advancement, and disposable income, which have contributed to the adoption of smart home technologies. The presence of major technology companies and the availability of a wide range of smart devices have also boosted the market in this region. Europe is the second major shareholder for the DIY home automation market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio. 

List of Market Players Profiled

• Icontrol Networks [U.S.]
• Nortek [U.S.]
• Smartlabs [U.S.]
• Nest Labs [U.S.]
• Ismartalarm [U.S.]
• Belkin International [U.S.]
• Ingersoll-Rand [U.S.]
• Lowe's Iris [U.S.]
• Vera Control [U.S.]
• SmartThings [U.S.]
• Wink [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.