The Asia Pacific Smart Home Automation Market would witness market growth of 15.7% CAGR during the forecast period (2022-2028).
Many newly constructed homes have the necessary infrastructure for smart homes. On the other hand, smart technologies can be retrofitted into older homes. While X10 or Insteon are still used by many smart home systems, Bluetooth and Wi-Fi have become more common. Two of the most popular home automation communication protocols in use today are Zigbee and Z-Wave. Both connect smart home equipment using mesh network technologies and short-range, low-power radio waves.
Despite targeting the same smart home applications, Z-Wave comprises a range of 30 meters compared to Zigbee's 10 meters, and Zigbee is frequently considered more sophisticated. While Z-Wave chips are solely offered by Sigma Designs, Zigbee processors are available from other suppliers as well. Artificial intelligence (AI) and machine learning are becoming more and more common in smart home systems, enabling home automation systems to adapt to their environments. For instance, voice-activated systems like Amazon Echo and Google Home have virtual assistants that can learn about and tailor the smart home to the tastes and routines of the users.
Many sections of the house can already be connected via smart gadgets. Smart sockets may switch gadgets on and off automatically. Smart alarm clocks can operate with music or even the news autonomously. Even complete routines that control the lights, appliances, thermostat, alarms, and other devices can be handled by voice assistants.
There are significant variations amongst the states. The rate and scope of urbanization are not constant. The urban population proportions of Assam (13%) along with the least urbanized states, Maharashtra (42%) and Gujarat (37%), and Tamil Nadu (44%), demonstrate the inter-regional diversity. With the widespread urbanization, the number of smart cities and smart homes as well as the integration of smart home automation technology in them would increase. This factor would majorly augment the growth of the regional smart home automation market.
The China market dominated the Asia Pacific Smart Home Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,776.1 million by 2028.The Japan market is estimated to grow a CAGR of 14.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 16.4% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Entertainment, Lighting, Security, HVAC & Energy Management, and Smart Kitchen. Based on Technology, the market is segmented into Wireless, Cellular and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Home Automation Market is Projected to reach USD 187.8 Billion by 2028, at a CAGR of 15.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Legrand S.A., Crestron Electronics, Inc., Ingersoll Rand, Inc., and Lutron Electronics Co., Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Application
- Entertainment
- Lighting
- Security
- HVAC & Energy Management
- Smart Kitchen
By Technology
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- Schneider Electric SE
- Johnson Controls International PLC
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- Legrand S.A.
- Crestron Electronics, Inc.
- Ingersoll Rand, Inc.
- Lutron Electronics Co., Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Home Automation Market, by Component
1.4.2 Asia Pacific Smart Home Automation Market, by Application
1.4.3 Asia Pacific Smart Home Automation Market, by Technology
1.4.4 Asia Pacific Smart Home Automation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
Chapter 4. Asia Pacific Smart Home Automation Market by Component
4.1 Asia Pacific Hardware Market by Country
4.2 Asia Pacific Software Market by Country
4.3 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Smart Home Automation Market by Application
5.1 Asia Pacific Entertainment Market by Country
5.2 Asia Pacific Lighting Market by Country
5.3 Asia Pacific Security Market by Country
5.4 Asia Pacific HVAC & Energy Management Market by Country
5.5 Asia Pacific Smart Kitchen Market by Country
Chapter 6. Asia Pacific Smart Home Automation Market by Technology
6.1 Asia Pacific Wireless Market by Country
6.2 Asia Pacific Cellular Market by Country
6.3 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Smart Home Automation Market by Country
7.1 China Smart Home Automation Market
7.1.1 China Smart Home Automation Market by Component
7.1.2 China Smart Home Automation Market by Application
7.1.3 China Smart Home Automation Market by Technology
7.2 Japan Smart Home Automation Market
7.2.1 Japan Smart Home Automation Market by Component
7.2.2 Japan Smart Home Automation Market by Application
7.2.3 Japan Smart Home Automation Market by Technology
7.3 India Smart Home Automation Market
7.3.1 India Smart Home Automation Market by Component
7.3.2 India Smart Home Automation Market by Application
7.3.3 India Smart Home Automation Market by Technology
7.4 South Korea Smart Home Automation Market
7.4.1 South Korea Smart Home Automation Market by Component
7.4.2 South Korea Smart Home Automation Market by Application
7.4.3 South Korea Smart Home Automation Market by Technology
7.5 Singapore Smart Home Automation Market
7.5.1 Singapore Smart Home Automation Market by Component
7.5.2 Singapore Smart Home Automation Market by Application
7.5.3 Singapore Smart Home Automation Market by Technology
7.6 Malaysia Smart Home Automation Market
7.6.1 Malaysia Smart Home Automation Market by Component
7.6.2 Malaysia Smart Home Automation Market by Application
7.6.3 Malaysia Smart Home Automation Market by Technology
7.7 Rest of Asia Pacific Smart Home Automation Market
7.7.1 Rest of Asia Pacific Smart Home Automation Market by Component
7.7.2 Rest of Asia Pacific Smart Home Automation Market by Application
7.7.3 Rest of Asia Pacific Smart Home Automation Market by Technology
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Leviton Manufacturing Co., Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.6.2.2 Acquisition and Mergers:
8.7 Legrand S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Crestron Electronics, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 Ingersoll Rand, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.10. Lutron Electronics Co., Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
TABLE 1 Asia Pacific Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Automation Market
TABLE 4 Product Launches And Product Expansions– Smart Home Automation Market
TABLE 5 Acquisition and Mergers– Smart Home Automation Market
TABLE 6 Asia Pacific Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Lighting Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Lighting Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Security Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Security Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific HVAC & Energy Management Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific HVAC & Energy Management Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Smart Kitchen Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Smart Kitchen Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Wireless Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Wireless Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Cellular Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Cellular Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Smart Home Automation Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Smart Home Automation Market by Country, 2022 - 2028, USD Million
TABLE 36 China Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 37 China Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 38 China Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 39 China Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 40 China Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 41 China Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 42 China Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 43 China Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 44 Japan Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 45 Japan Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 46 Japan Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 47 Japan Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 48 Japan Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 49 Japan Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 50 Japan Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 51 Japan Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 52 India Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 53 India Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 54 India Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 55 India Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 56 India Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 57 India Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 58 India Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 59 India Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 60 South Korea Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 61 South Korea Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 62 South Korea Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 63 South Korea Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 64 South Korea Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 65 South Korea Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 66 South Korea Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 67 South Korea Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 68 Singapore Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 69 Singapore Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 70 Singapore Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 71 Singapore Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 72 Singapore Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 73 Singapore Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 74 Singapore Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 75 Singapore Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 76 Malaysia Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 77 Malaysia Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 78 Malaysia Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 79 Malaysia Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 80 Malaysia Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 81 Malaysia Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 82 Malaysia Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 83 Malaysia Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 84 Rest of Asia Pacific Smart Home Automation Market, 2018 - 2021, USD Million
TABLE 85 Rest of Asia Pacific Smart Home Automation Market, 2022 - 2028, USD Million
TABLE 86 Rest of Asia Pacific Smart Home Automation Market by Component, 2018 - 2021, USD Million
TABLE 87 Rest of Asia Pacific Smart Home Automation Market by Component, 2022 - 2028, USD Million
TABLE 88 Rest of Asia Pacific Smart Home Automation Market by Application, 2018 - 2021, USD Million
TABLE 89 Rest of Asia Pacific Smart Home Automation Market by Application, 2022 - 2028, USD Million
TABLE 90 Rest of Asia Pacific Smart Home Automation Market by Technology, 2018 - 2021, USD Million
TABLE 91 Rest of Asia Pacific Smart Home Automation Market by Technology, 2022 - 2028, USD Million
TABLE 92 Key Information – ABB Group
TABLE 93 Key Information – Siemens AG
TABLE 94 Key information – Schneider Electric SE
TABLE 95 Key Information – Johnson Controls International PLC
TABLE 96 Key Information – Honeywell International, Inc.
TABLE 97 Key Information – Leviton Manufacturing Co., Inc.
TABLE 98 key Information – Legrand S.A.
TABLE 99 KEY INFORMATION – Crestron Electronics, Inc.
TABLE 100 Key Information – Ingersoll Rand, Inc.
TABLE 101 Key information- Lutron Electronics Co., Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
FIG 6 Recent strategies and developments: ABB Group
FIG 7 SWOT Analysis: ABB Group
FIG 8 Swot analysis: Siemens AG
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Recent strategies and developments: Johnson Controls International PLC
FIG 11 Swot analysis: Honeywell international, inc.
FIG 12 Recent strategies and developments: Leviton Manufacturing Co., Inc.