Building Automation System Market Set to Double by 2030 Amid Rising IoT Integration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
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Source: Yahoo Finance
Market Growth Projection: The global building automation system market is expected to grow from USD 101.74 billion in 2025 to USD 191.13 billion by 2030, driven by IoT integration, data analytics, and the demand for energy-efficient solutions like occupancy sensors.
Regional Insights and Key Players: India's rapid urbanization is anticipated to significantly boost market growth, while major players such as Honeywell, Carrier, and Siemens lead the industry, focusing on advanced technologies and sustainability initiatives.
Analyst Views on HON
Wall Street analysts forecast HON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HON is 235.07 USD with a low forecast of 195.00 USD and a high forecast of 262.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 222.540
Low
195.00
Averages
235.07
High
262.00
Current: 222.540
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is an integrated operating company serving a range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge platform. The Company provides actionable solutions for aerospace, building automation, industrial automation, process automation, and process technology. The Company supplies products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets. The Company’s portfolio of solutions and services is used in buildings worldwide for fire prevention, controls, access and security. Its offerings serve as the fundamental building blocks of industrial automation. Its sensor technologies and value-added smart edge devices offer connectivity across a variety of sensing and measurement applications. The Company offers a comprehensive portfolio of end-to-end process automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
