Global Commercial Building Automation Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product ;

Projection, Near-To-Eye Displays (NEDs), Micro-Display Market: Display Technology Analysis, Liquid Crystal On-Silicon (LCoS), Liquid Crystal Displays (LCD), Digital Micro-Mirror Devices (DMD), Digital Light Processing (DLP), Organic Light Emitting Diode (OLED) and Others.

By Application ;

Head Mounted Display (HMD), Head-Up Display (HUD), Electronic View Finder (EVF) and Projector.

By End User ;

Automotive, Aerospace and Defense, Retail, Healthcare, Entertainment and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn098174745 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Commercial Building Automation Market (USD Million), 2020 - 2030

In the year 2023, the Global Commercial Building Automation Market was valued at USD 41,906.04 million. The size of this market is expected to increase to USD 73,702.40 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.4%.

The Global Commercial Building Automation Market represents a rapidly growing segment within the broader construction and technology industries. Building automation encompasses a wide range of systems and technologies designed to improve the efficiency, safety, and comfort of commercial buildings. These systems control various aspects of a building's operations, including heating, ventilation, air conditioning (HVAC), lighting, security, and energy management. As businesses and property owners increasingly seek to optimize building performance and reduce operational costs, building automation is becoming an essential component of modern commercial infrastructure.

Technological advancements play a pivotal role in driving the growth of the building automation market. The integration of Internet of Things (IoT) devices, artificial intelligence (AI), and cloud computing has expanded the capabilities of building automation systems. These technologies enable real-time monitoring, predictive maintenance, and remote control of building systems, leading to improved operational efficiency and enhanced user experiences. The push towards smart buildings and smart cities has further accelerated the adoption of building automation, as urban centers aim to create more connected and sustainable environments.

Regulatory compliance and sustainability are key factors influencing the growth of the commercial building automation market. Governments and regulatory bodies around the world are implementing stricter building codes and energy efficiency standards, prompting businesses to invest in automation solutions that meet these requirements. The focus on sustainability has also led to the rise of green building certifications, encouraging the use of energy-efficient technologies and renewable energy sources. Building automation plays a crucial role in helping commercial properties achieve these goals by enabling efficient energy management and reducing waste.

The commercial building automation market is also shaped by changing customer expectations and the need for enhanced security. Businesses and property owners are increasingly seeking solutions that offer flexibility, scalability, and ease of integration with existing systems. The growing importance of security and safety in commercial buildings has driven demand for advanced security systems and access control. As the market continues to evolve, building automation providers must adapt to these trends by offering innovative solutions that address the diverse needs of their customers. This dynamic landscape presents significant opportunities for growth and development in the global commercial building automation market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Commercial Building Automation Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Energy Efficiency
        2. Advancements in Smart Technologies
        3. Cost Savings and Operational Efficiency
        4. Focus on Security and Safety
        5. Regulatory Compliance and Standards
      2. Restraints
        1. High Initial Investment and Installation Costs
        2. Technical Complexity and Integration Challenges
        3. Cybersecurity Risks and Data Privacy Concerns
        4. Lack of Skilled Workforce
        5. Market Fragmentation and Standardization Issues
      3. Opportunities
        1. Growth in Emerging Markets
        2. Technological Innovations and AI Integration
        3. Sustainability and Green Building Initiatives
        4. Expansion into New Applications and Services
        5. Collaboration and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Commercial Building Automation Market, By Product , 2020 - 2030 (USD Million)
      1. Projection
      2. Near-To-Eye Displays (NEDs)
      3. Micro-Display Market: Display Technology Analysis
      4. Liquid Crystal On-Silicon (LCoS)
      5. Liquid Crystal Displays (LCD)
      6. Digital Micro-Mirror Devices (DMD)
      7. Digital Light Processing (DLP)
      8. Organic Light Emitting Diode (OLED)
      9. Others
    2. Global Commercial Building Automation Market, By Application , 2020 - 2030 (USD Million)
      1. Head Mounted Display (HMD)
      2. Head-Up Display (HUD)
      3. Electronic View Finder (EVF)
      4. Projector
    3. Global Commercial Building Automation Market, By End User , 2020 - 2030 (USD Million)
      1. Automotive
      2. Aerospace and Defense
      3. Retail
      4. Healthcare
      5. Entertainment
      6. Others
    4. Global Commercial Building Automation Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Raystar Optronics
      2. OLiGHTEK
      3. Himax Technologies
      4. WINSTAR Display
      5. Seiko Epson
      6. Microvision Inc
  7. Analyst Views
  8. Future Outlook of the Market

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