ASIA PACIFIC SMART HOME MARKET FORECAST 2019-2027
The Asia Pacific smart home market is the fastest growing market of its kind. The CAGR for the Asia Pacific market is expected to be 18.52% for the forecast period of 2019-2027. The major markets in the Asia Pacific region are India, China, Japan, South Korea and Australia. Increasing disposable income is raising the standard of living amongst the regional population, and this is expected to drive the market.
ASIA PACIFIC SMART HOME MARKET FORECAST 2019-2027
Asia Pacific Smart Homes Market by Products(Security, HVAC, Lighting Controller, Entertainment, Energy Management, Home Health, Others) by Services(Installation and Repair, Customization) & by Geography
The Asia Pacific market for smart homes is the fastest growing market of its kind. The CAGR for the Asia Pacific market is expected to be 18.52% for the forecast period of 2019-2027. The major markets in the Asia Pacific region are India, China, Japan, South Korea and Australia.
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Increasing disposable income is raising the standard of living amongst the regional population, and this is expected to drive the market. Being a price-sensitive market, many regional companies and consumers are expected to leverage on the proposition of decreasing smart home equipment prices. The rapidly growing urban population, which is visible in many countries in this region (like India and China) has given rise to the demand for citizen-friendly and sustainable smart cities. As a result, the Asia-Pacific smart homes market will continue to escalate in terms of revenue, and it is expected to reach up to $ xx million by 2027.
Prominent market players in the smart homes market are LG Electronics Inc., Samsung Electronics Co. Ltd.,Abb Ltd., Blue Line Innovations Inc, Centrica Connected Home Limited, Century Technologies Corp, Control4 Corporation, Crestron Electronics Inc, Ee Limited, Emerson Electric Co., Johnson Controls Inc., Schneider Electric Se, Vodafone Group Plc., Siemens Ag, Solatube International Inc, Honeywell International Inc and United Technologies Corporation.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- ENERGY MANAGEMENT PRODUCTS IS ESTIMATED TO BE FASTEST GROWING SEGMENT BY PRODUCT
- INSTALLATION & REPAIR SERVICE TO HOLD LARGEST MARKET SHARE
- ADOPTION OF SMART HOMES WILL RISE WITH GROWTH OF CLOUD TECHNOLOGY
- MARKET DYNAMICS
- TIMELINE OF SMART HOME TECHNOLOGY
- MARKET DEFINITION & SCOPE
- MARKET DRIVERS
- SWELLING AGEING POPULACE
- INCREASED CRIME RATES
- INITIATIVES BY THE GOVERNMENT
- INTENSIFYING ADOPTION TARIFFS
- GROWING URBANIZATION & INFRASTRUCTURE PROJECTS
- MARKET RESTRAINTS
- ABSENCE OF AWARENESS
- LACK OF COMMON STANDARDS
- HIGH PRICE OF THE SMART HOMES PRODUCTS
- THREAT OF CYBER ATTACKS
- PRIVACY CONCERNS
- MARKET OPPORTUNITY
- SMART CITY PROJECTS IN DEVELOPING COUNTRIES
- INCREASING AWARENESS OF HOME AND PERSONAL ELECTRONIC GADGETS
- RISING SPENDING POWER
- GROWING INTERNET OF THINGS (IOT) APPLICATIONS
- MARKET CHALLENGES
- ANXIETIES ABOUT CONSUMER DATA PRIVACY
- COMPLEX INSTALLATION PROCEDURE OF SMART DEVICES
- LACK OF INTEROPERABILITY
- COMPLEXITIES IN DATA COLLECTION & MANAGEMENT
- MARKET BY PRODUCT
- SECURITY
- HEATING, VENTILATION, AND AIR CONDITIONING (HVAC)
- LIGHTING CONTROLLERS
- ENTERTAINMENT
- ENERGY MANAGEMENT
- HOME HEALTH
- OTHERS
- MARKET BY SERVICE
- INSTALLATION & REPAIR
- CUSTOMIZATION
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- INDIA
- CHINA
- JAPAN
- AUSTRALIA
- SOUTH KOREA
- REST OF ASIA PACIFIC
- COMPANY PROFILES
- ABB Ltd.
- BLUE LINE INNOVATIONS INC
- CENTRICA CONNECTED HOME LIMITED
- CENTURY TECHNOLOGIES CORP
- CONTROL4 CORPORATION
- CRESTRON ELECTRONICS INC
- EE LIMITED
- EMERSON ELECTRIC CO.
- HONEYWELL INTERNATIONAL INC.
- JOHNSON CONTROLS, INC.
- LG ELECTRONICS, INC.
- SAMSUNG ELECTRONICS CO., LTD.
- SCHNEIDER ELECTRIC SE
- SIEMENS AG
- SOLATUBE INTERNATIONAL INC
- UNITED TECHNOLOGIES CORPORATION
- VODAFONE GROUP PLC
TABLE LIST
TABLE 1: TECHNOLOGIES USED IN HOME AREA NETWORK
TABLE 2: ASIA PACIFIC SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 3: ASIA PACIFIC SMART HOME MARKET, BY TYPE, 2019-2027, (IN $ MILLION)
TABLE 4: ASIA PACIFIC SMART HOME MARKET, BY SERVICES, 2019-2027, (IN $ MILLION)
TABLE 5: OPPORTUNITY MATRIX
TABLE 6: VENDOR LANDSCAPE
TABLE 7: ASIA PACIFIC SMART HOME MARKET, BY COUNTRY, 2019-2027 ASIA PACIFIC SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: TIMELINE OF SMART HOME TECHNOLOGY
FIGURE 2: KEY COUNTRIES BY CRIME INDEX
FIGURE 3: PERCENTAGE OF URBAN POPULATION ACROSS MAJOR GEOGRAPHIES, 2017
FIGURE 4: KEY COUNTRIES AFFECTED BY CYBERCRIME
FIGURE 5: ASIA PACIFIC SMART HOME PRODUCT MARKET, BY SECURITY, 2019-2027 (IN $ MILLION)
FIGURE 6: ASIA PACIFIC SMART HOME MARKET, BY HEATING VENTILATION AND AIR CONDITIONING, 2019-2027 (IN $ MILLION)
FIGURE 7: ASIA PACIFIC SMART HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027 (IN $ MILLION)
FIGURE 8: ASIA PACIFIC SMART HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ MILLION)
FIGURE 9: ASIA PACIFIC SMART HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN $ MILLION)
FIGURE 10: ASIA PACIFIC SMART HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $ MILLION)
FIGURE 11: ASIA PACIFIC OTHER SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 12: ASIA PACIFIC SMART HOME MARKET, BY INSTALLATION & REPAIR, 2019-2027 (IN $ MILLION)
FIGURE 13: ASIA PACIFIC SMART HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $ MILLION)
FIGURE 14: PORTER’S FIVE FORCE ANALYSIS
FIGURE 15: VALUE CHAIN ANALYSIS
FIGURE 16: ASIA PACIFIC SMART HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 17: INDIA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: CHINA HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: JAPAN HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: AUSTRALIA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: SOUTH KOREA SMART HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: REST OF ASIA PACIFIC SMART HOME MARKET, 2019-2027 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- INDIA
- CHINA
- JAPAN
- AUSTRALIA
- SOUTH KOREA
- REST OF ASIA PACIFIC
- MARKET BY PRODUCT
- SECURITY
- HEATING, VENTILATION, AND AIR CONDITIONING (HVAC)
- LIGHTING CONTROLLERS
- ENTERTAINMENT
- ENERGY MANAGEMENT
- HOME HEALTH
- OTHERS
- MARKET BY SERVICE
- INSTALLATION & REPAIR
- CUSTOMIZATION
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.