, /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global home automation market is observing healthy growth owing to the adoption and integration of artificial intelligence home automation.

The home automation market is expected to reach US$ 135.13 billion by 2031 from US$ 65.88 billion in 2024; it is expected to record a CAGR of 10.8% during the forecast period. Voice control is becoming the primary mode of engagement, with platforms such as Amazon Alexa, Google Assistant, and Apple Siri leading the way. Voice recognition technology has advanced dramatically, allowing users to provide commands in natural language. For instance, "dim the living room lights to 50%" will soon become the standard. Smart homes will learn from their users' habits and modify settings depending on individual preferences, personalizing experiences in significant ways. The consumer demand for voice control-featured smart home devices drives market growth.

The report runs an in-depth analysis of market trends, key players, and future opportunities. Trade shows are a robust platform that allows companies to showcase their entire business at one booth, raising company awareness among customers. This is further boosting the market growth.

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Overview of Report Findings

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Market Segmentation

Competitive Strategy and Development

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Global Headlines on the Home Automation Market

• In January 2023, Skyworks Solutions, Inc. and Semtech Corporation introduced the SKY66423-SX1261 reference design for low-power wide-area networks (LPWAN).
• In January 2023, Shelly, a division of Allterco Robotics, Ltd, announced the launch of 8 new smart home automation devices at the Consumer Electronics Show (CES).

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Conclusion

The global home automation market size is mainly supported by the expansion of entertainment centers owing to the rising consumer demand for integrated smart technology. As home theaters, gaming systems, and multimedia hubs get more advanced. This increases homeowners' expectations and preference for seamless connectivity, voice control, and centralized device management. This trend is driving innovation and development in smart lighting, audio systems, and climate management solutions designed to improve entertainment experiences. Furthermore, the growing popularity of virtual reality and streaming services increases the demand for fast internet and smart infrastructure. As a result, entertainment-focused automation improves convenience and user experience by promoting widespread adoption of smart home ecosystems among households.

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SOURCE The Insight Partners