Asia-Pacific Smart Homes Technology Market : Insights and Forecast, 2019-2025: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)
- UNI4065886
- 212 Pages
- August 2019
- ICT & Media
Insights Presented in the Report:
Asia-Pacific smart home technology market is segmented based on an application which encompasses safety & security, lighting, HVAC, entertainment, smart appliances and energy management among others. At present, the penetration of smart appliances is much higher compared to other application areas. They are estimated to dominate the market attributed to rising demand for connecting smart appliances and consumer electronics. With changing consumer preferences, the respective application is likely to reach US$ 11,792.5 million by 2024.
Based on technologies, the market is segmented into wired and wireless technology. The wireless technology dominates the market and is expected to maintain its dominance throughout the forecast period (2018-2024). However, wired technology is expected to grow at a higher CAGR of 32.4% during the forecast period. The former segment is classified into Wi-Fi, Bluetooth, ZigBee and Z-wave technologies wherein Wi-Fi technology in smart home domain was valued at US$ 3,017.6 million in 2017 followed by Bluetooth.
Moreover, the market is further bifurcated based on the ultimate end-users into residential and commercial end-user, wherein residential segment holds the prime share in the Asia-Pacific smart home technology market contradicting with the commercial end-user segment. With rapid advancement in technologies, changing lifestyles and rising disposable income, mid-range apartments & houses are likely to rule the residential end-user segment smart home market, followed by luxury villas and apartments. In addition, hospitals dominated the commercial end-users smart home technology market. However, hotels segment would display maximum CAGR growth over the forecast period and are predicted to reach a market size of US$ 3,005.2 million by 2024.
For a deep dive analysis of the industry, the study also includes country level analysis including major markets in the Asia-Pacific region that includes China, Japan, India, South Korea and the rest of Asia-Pacific. China takes the upper hand in the technological market due to first mover advantage. Increasing demand for smart devices, high penetration of smartphone & internet paired with a strong manufacturing base and growing awareness along with government initiatives such as smart cities mission has helped China to dominate the Asia-Pacific smart home technology market. China smart home market is anticipated to showcase the astonishing CAGR of 30% over the forecast period.
Competitive Landscape
Some of the major players operating in the Asia-Pacific smart home technology market include Haier Electronics, ABB Limited, ASSA ABLOY, Cisco Systems, Inc., Emerson Electric Co, General Electric Company, Samsung Electronics Ltd, IBM Corporation, LG Electronics Inc., Schneider Electric S.E., Siemens AG and United Technologies Corporation. These companies have the ability to pool in investment from their other business to smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances in countries such as China, India and Japan among other emerging Asian countries.
Reasons to buy:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
Customization Options:
The Asia Pacific Smart Home Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.
1.1 Market Definition 16
1.2 Objective of the Study 16
1.3 Limitation 16
1.4 Stakeholders 17
1.5 Currency used in the Report 17
1.6 Scope of the Asia-Pacific Smart Home Technology Market Study 17
2. RESEARCH METHODOLOGY OR ASSUMPTION 18
2.1 Research Methodology for Asia-Pacific Smart Home Technology Market 18
2.1.1 Main objective of the Asia-Pacific Smart Home Technology Market Study 19
3. INDUSTRY PERFORMANCE 20
4. EXECUTIVE SUMMARY 22
5. MARKET OVERVIEW 25
5.1 Introduction 25
5.2 Market Dynamics 28
5.2.1 Increasing Awareness among the Consumers 28
5.2.2 Increasing Penetration of Smartphones 28
5.2.3 Proliferation of Internet of Things in Emerging Region 29
5.2.4 Surging Disposable Incomes and Urbanization 30
5.2.5 Smart Cities Mission 31
5.2.6 Growing Demand for Smart Home Energy Management System 34
5.2.7 Development of Interconnectivity Across Platforms and Devices 35
5.3 Market Restraints 35
5.3.1 Concerns Regarding Privacy and Hacking 35
5.3.2 Complex Installation and High Price of the Smart Home products 36
5.4 Opportunities 36
5.4.1 Scope for Insurance companies 36
5.4.2 Growth for Telecom Operators 36
5.4.3 Emerging Business Opportunities in Asia Pacific 37
5.4.4 Restoring Independence for Elders 37
5.5 Factor Analysis 38
5.5.1 Demand & Supply Side Analysis 38
5.5.2 Major Development & Investments in the Smart Home Market 39
5.5.3 Smart Home Product Launches 42
5.5.4 Major development and new Start-ups 43
5.5.5 Top Investor in the Smart Home Market 44
6. MARKET INSIGHTS BY PRODUCT 45
6.1 General Overview 45
6.1.1 Safety and Security 47
6.1.2 Smart Appliances 48
6.1.3 Heating, Ventilating, Air Conditioning (HVAC) 51
6.1.4 Home Entertainment 53
6.1.5 Smart Lighting Systems 56
6.1.6 Smart Energy Management 58
7. SMART HOME MARKET INSIGHTS BY TECHNOLOGY 60
7.1 General Introduction 60
7.2 Wireless Smart Technology 60
7.2.1 Wi-Fi Technology 62
7.2.2 Bluetooth Technology 63
7.2.3 ZigBee Technology 65
7.2.4 Z-Wave Technology 67
7.2.5 Other Wireless Technology 69
7.3 Wired Smart Technology 69
7.3.1 Ethernet Technology 71
7.3.2 Power Line Communication 72
7.3.3 Fiber to Home Technology 73
7.3.4 Other Wired Technology 74
8. SMART HOME MARKET INSIGHTS BY END-USERS 75
8.1 General Overview 75
8.2 Residential End-Users 76
8.2.1 Luxury Homes 79
8.2.2 Mid-Range Apartments/Homes 81
8.2.3 Assisted Homes 82
8.2.4 Low Energy Homes 83
8.3 Commercial End-Users 84
8.3.1 Smart Hotels 87
8.3.2 Smart Hospitals 88
8.3.3 Other Commercial Buildings 89
9. SMART HOME MARKET INSIGHTS BY COUNTRY 91
9.1 Asia-Pacific Smart Home Market Insights 91
9.1.1 Asia Pacific Smart Home Market by Country 94
9.2 China Smart Home Market Insights 94
9.2.1 China Smart Home Market by Product 96
9.2.2 China Smart Home Market by Technology 97
9.2.3 China Smart Wireless Technology Market by Type 97
9.2.4 China Smart Home Market by Wired Technology 98
9.2.5 China Smart Home Market by End -Users 98
9.2.6 China Residential Smart Home Market by Type of Residential Buildings 99
9.2.7 China Commercial Smart Home Market by Type of Commercial Buildings 100
9.3 Japan Smart Home Market Insights 100
9.3.1 Japan Smart Home Market by Application 103
9.3.2 Japan Smart Home Market by Technology 103
9.3.3 Japan Smart Home Market by Wireless Technology 104
9.3.4 Japan Smart Home Market, by Wired Technology 105
9.3.5 Japan Smart Home Market by End -Users 105
9.3.6 Japan Residential Smart Home Market by Type of Residential Buildings 106
9.3.7 Japan Commercial Smart Home Market by Type of Commercial Buildings 106
9.4 India Smart Home Market Insights 107
9.4.1 India Smart Home Market by Product 110
9.4.2 India Smart Home Market by Technology 110
9.4.3 India Smart Home Market by Wireless Technology 111
9.4.4 India Smart Home Market by Wired Technology 112
9.4.5 India Smart Home Market, by End -Users 112
9.4.6 India Residential Smart Home Market by Type of Residential Buildings 113
9.4.7 India Commercial Smart Home Market by Type of Commercial Buildings 114
9.5 South Korea Smart Home Market Insights 114
9.5.1 South Korea Smart Home Market by Product 115
9.5.2 South Korea Smart Home Market by Technology 116
9.5.3 South Korea Smart Home Market by Wireless Technology 116
9.5.4 South Korea Smart Home Market by Wired Technology 117
9.5.5 South Korea Smart Home Market by End -Users 117
9.5.6 South Korea Residential Smart Home Market by Type of Buildings 118
9.5.7 South Korea Commercial Smart Home Market by Type of l Buildings 119
9.6 Rest of Asia Pacific Smart Home Market Insights 119
9.6.1 Rest of APAC Smart Home Market by Application 121
9.6.2 Rest of APAC Smart Home Market by Technology 121
9.6.3 Rest of APAC Smart Home Market by Wireless Technology 122
9.6.4 Rest of APAC Smart Home Market by Wired Technology 123
9.6.5 Rest of APAC Smart Home Market by End -Users 123
9.6.6 Rest of APAC Residential Smart Home Market by Type of Buildings 124
9.6.7 Rest of APAC Commercial Smart Home Market by Type of Buildings 125
10. COMPETITIVE SCENARIO 126
10.1 Porter’s Five forces analysis 126
10.1.1 Bargaining Power of Suppliers 127
10.1.2 Bargaining Power of Buyers 127
10.1.3 Threat of New Entrants 128
10.1.4 Threat of Substitutes 129
10.1.5 Intensity of Rivalry 129
10.2 Asia-Pacific Smart Home Market Share Analysis, 2018 130
10.2.1 APAC Smart Safety & Security Market Share by Company 2018 130
10.2.2 APAC Smart Security System Market Share by Company, 2018 130
10.2.3 APAC Smart Smoke Detector Market Share by Company, 2018 130
10.2.4 APAC Smart Home Entertainment Appliances Market Share by Company, 2018 131
10.2.5 APAC Smart Gateways Market Share by Company, 2017 131
10.2.6 APAC Smart Speakers Market Share by Company, 2017 131
10.2.7 APAC Lighting & Control System Market Share by Company, 2017 132
10.2.8 APAC Smart Outlets & Switches Market Share, by Company 2017 133
10.2.9 APAC Smart Lighting Market Share by Company, 2017 133
10.2.10 APAC Smart Thermostats & Home Appliances Market Share by Company, 2018 133
10.2.11 APAC Smart Thermostats Market Share by Company, 2018 134
10.2.12 APAC Smart Home Appliances Market Share, by Company 2018 134
11. Top Company Profiles 135
11.1 Haier Electronics 135
11.1.1 Key Facts 135
11.1.2 Business Description 135
11.1.3 Key Product/Services Offerings 136
11.1.4 Growth Strategy 136
11.1.5 SWOT Analysis 136
11.1.6 Key Financials 137
11.1.6.1 Revenue Split 138
11.1.7 Recent Developments 138
11.1.7.1 Product Launch 138
11.1.7.2 Partnership 140
11.1.7.3 Business Expansion and Investment 140
11.2 ABB Limited 142
11.2.1 Key Facts 142
11.2.2 Business Description 142
11.2.3 Key Product/Services Offerings 142
11.2.4 Growth Strategy 143
11.2.5 SWOT Analysis 143
11.2.6 Key Financials 144
11.2.6.1 Revenue Split 145
11.2.7 Recent Developments 145
11.2.7.1 Product Launch 145
11.2.7.2 Partnership 146
11.2.7.3 Business expansion and Investment 146
11.3 ASSA ABLOY 147
11.3.1 Key Facts 147
11.3.2 Business Description 147
11.3.3 Key Product/Services Offerings 148
11.3.4 Growth Strategy 148
11.3.5 SWOT Analysis 148
11.3.6 Key Financials 149
11.3.6.1 Revenue Split 150
11.3.7 Recent Developments 150
11.3.7.1 Mergers and Acquisitions 150
11.4 Cisco Systems, Inc. 152
11.4.1 Key Facts 152
11.4.2 Business Description 152
11.4.3 Key Product/Services Offerings 153
11.4.4 Growth Strategy 153
11.4.5 SWOT Analysis 154
11.4.6 Key Financials 155
11.4.6.1 Revenue Split 156
11.4.7 Recent Developments 156
11.4.7.1 Product Lunches 156
11.4.7.2 Partnerships 157
11.4.7.3 Business Expansion and Investment 158
11.4.7.4 Mergers and Acquisition 158
11.5 Emerson Electric Co. 159
11.5.1 Key Facts 159
11.5.2 Business Description 159
11.5.3 Key Product/Services Offerings 160
11.5.4 Growth Strategy 160
11.5.5 SWOT Analysis 161
11.5.6 Key Financials 162
11.5.6.1 Revenue Split 163
11.5.7 Recent Developments 163
11.5.7.1 Partnerships 163
11.5.7.2 Business Expansion and Investment 164
11.5.7.3 Merger and Acquisition 164
11.6 General Electric Company 165
11.6.1 Key Facts 165
11.6.2 Business Description 165
11.6.3 Key Product/Services Offerings 166
11.6.4 Growth Strategy 166
11.6.5 SWOT Analysis 167
11.6.6 Key Financials 168
11.6.6.1 Revenue Split 169
11.6.7 Recent Developments 169
11.6.7.1 Product Launch 169
11.7 Samsung Electronics Co., Ltd. 171
11.7.1 Key Facts 171
11.7.2 Business Description 171
11.7.3 Key Product/Services Offerings 172
11.7.4 Growth Strategy 172
11.7.5 SWOT Analysis 173
11.7.6 Key Financials 174
11.7.6.1 Revenue Split 175
11.7.7 Recent Developments 175
11.7.7.1 Product Launches 175
11.7.7.2 Partnerships 177
11.8 IBM Corporation 178
11.8.1 Key Facts 178
11.8.2 Business Description 178
11.8.3 Key Product/Services Offerings 178
11.8.4 Growth Strategy 179
11.8.5 SWOT Analysis 179
11.8.6 Key Financials 180
11.8.6.1 Revenue Split 181
11.8.7 Recent Developments 181
11.8.7.1 Product Launch 181
11.8.7.2 Partnership 182
11.8.7.3 Business Expansion and Investment 182
11.9 LG Electronics Inc. 183
11.9.1 Key Facts 183
11.9.2 Business Description 183
11.9.3 Key Product/Services Offerings 183
11.9.4 Growth Strategy 184
11.9.5 SWOT Analysis 184
11.9.6 Key Financials 185
11.9.6.1 Revenue Split 186
11.9.7 Recent Developments 186
11.9.7.1 Product Launch 186
11.10 Schneider Electric S.E. 188
11.10.1 Key Facts 188
11.10.2 Business Description 188
11.10.3 Key Product/Services Offerings 189
11.10.4 Growth Strategy 189
11.10.5 SWOT Analysis 190
11.10.6 Key Financials 191
11.10.6.1 Revenue Split 192
11.10.7 Recent Developments 192
11.10.7.1 Product Launches 192
11.10.7.2 Partnerships 193
11.10.7.3 Business Expansion and Investments 193
11.11 Siemens AG 194
11.11.1 Key Facts 194
11.11.2 Business Description 194
11.11.3 Key Product/Services Offerings 194
11.11.4 Growth Strategy 195
11.11.5 SWOT Analysis 195
11.11.6 Key Financials 196
11.11.6.1 Revenue Split 197
11.11.7 Recent Developments 197
11.11.7.1 Product Launches 197
11.11.7.2 Partnerships 199
11.11.7.3 Business Development and Investment 199
11.12 United Technologies Corporation 200
11.12.1 Key Facts 200
11.12.2 Business Description 200
11.12.3 Key Product/Services Offerings 201
11.12.4 Growth Strategy 201
11.12.5 SWOT Analysis 202
11.12.6 Key Financials 203
11.12.6.1 Revenue Split 204
11.12.7 Recent Developments 204
11.12.7.1 Partnerships 204
11.12.7.2 Business Expansion and Investment 205
11.12.7.3 Merger and Acquisition 205
TABLE 2 Comparison between ZigBee & Z-Wave Features 67
TABLE 3 Comparative Analysis on Wireless Technology, Z-Wave, ZigBee and Bluetooth Mesh 68
TABLE 4 Haier Electronics Key Facts 135
TABLE 5 Product segmentation of Haier Electronics 136
TABLE 6 Haier Electronics Growth Strategy 136
TABLE 7 Haier Technologies Product Launch 138
TABLE 8 Haier Partnership 140
TABLE 9 Haier Business Expansion and Investments 140
TABLE 10 ABB Limited Key Facts 142
TABLE 11 Product Segmentation of ABB Limited 142
TABLE 12 ABB Limited Growth Strategy 143
TABLE 13 ABB Limited Product Launch 145
TABLE 14 ABB Limited Partnership 146
TABLE 15 ABB Limited Business expansion and Investment 146
TABLE 16 ASSA ABLOY Key Facts 147
TABLE 17 Product Segmentation of ASSA ABLOY 148
TABLE 18 ASSA ABLOY Growth Strategy 148
TABLE 19 ASSA ABLOY Mergers and Acquisitions 150
TABLE 20 Cisco Systems, Inc. Key Facts 152
TABLE 21 Product Segmentation of Cisco Systems 153
TABLE 22 Cisco Systems Growth Strategy 153
TABLE 23 Cisco Product Launches 156
TABLE 24 Cisco Partnerships 157
TABLE 25 Cisco Business Expansion and Investment 158
TABLE 26 Cisco Mergers and Acquisition 158
TABLE 27 Emerson Electric Co. Key Facts 159
TABLE 28 Product Segmentation of Emerson Electric Co. 160
TABLE 29 Emerson Electric Co. Growth Strategy 160
TABLE 30 Emerson Electric Co. Partnerships 163
TABLE 31 Emerson Electric Co. Business Expansion and Investment 164
TABLE 32 Emerson Electric Co. Merger and Acquisition 164
TABLE 33 General Electric Company Key Facts 165
TABLE 34 Product Segmentation of General Electric 166
TABLE 35 General Electric Growth Strategy 166
TABLE 36 General Electric Product Launch 169
TABLE 37 Samsung Electronics Key Facts 171
TABLE 38 Product Segmentation of Samsung Electronics 172
TABLE 39 Samsung Electronics Growth Strategy 172
TABLE 40 Samsung Electronics Product launches 175
TABLE 41 Samsung Electronics Partnerships 177
TABLE 42 IBM Corporation Key Facts 178
TABLE 43 Product Segmentation of IBM Corporation 178
TABLE 44 IBM Corporation Growth Strategy 179
TABLE 45 IBM Product Launch 181
TABLE 46 IBM Partnership 182
TABLE 47 IBM Business Expansion and Investment 182
TABLE 48 LG Electronics Inc. Key Facts 183
TABLE 49 Product Segmentation of LG Electronics Inc. 183
TABLE 50 LG Electronics Inc. Growth Strategy 184
TABLE 51 LG Electronics Product Launch 186
TABLE 52 Schneider Electric S.E. Key Facts 188
TABLE 53 Product Segmentation of Schneider Electric S.E. 189
TABLE 54 Schneider Electric S.E. Growth Strategy 189
TABLE 55 Schneider Electric Product Launches 192
TABLE 56 Schneider Electric Partnerships 193
TABLE 57 Schneider Electric Business Expansion and Investments 193
TABLE 58 Siemens AG Key Facts 194
TABLE 59 Product Segmentation of Siemens AG 194
TABLE 60 Siemens AG Growth Strategy 195
TABLE 61 Siemens AG Product Launches 197
TABLE 62 Siemens AG Partnerships 199
TABLE 63 Siemens AG Business Development and Investment 199
TABLE 64 United Technologies Key Facts 200
TABLE 65 Product Segmentation of United Technologies 201
TABLE 66 United Technologies Growth Strategy 201
TABLE 67 United Technologies Partnerships 204
TABLE 68 United Technologies Business Expansion and Investment 205
TABLE 69 United Technologies Merger and Acquisition 205
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