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.

COVID-19 Impact on the Global DIY Home Automation Market

COVID-19 had a significant impact on the market’s growth. During the fast half of the COVID-19 in 2020, people across the globe were reducing expenses and saving money for future uncertainties, hence the demand was low. However, one with pre-installed services witnessed ease in home management, especially air-monitoring devices in DIY home automation, seeking huge attention during the pandemic. In the latter half, people adopted some cost-effective and efficient home automation gadgets to improve quality of life and home security & hygiene.

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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • 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

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

Key Issues Addressed

• What is the market size by various segmentation of the DIY home automation market by region and its respective countries?
• What is the customer buying behavior, key takeaways, and Porter's 5 forces of the DIY home automation market?
• What are the key opportunities and trends for manufacturers involved in the DIY home automation market supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of DIY home automation market in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of leading and prominent companies in the market.