The Asia Pacific Smart Home Devices Market would witness market growth of 19.8% CAGR during the forecast period (2023-2030).
Smart home devices encompass a wide range of products designed to automate and optimize various functions within the home. Rapid technological advancements, including the internet of things (IoT), artificial intelligence (AI), and wireless connectivity, have made it more accessible, affordable, and user-friendly.
Additionally, adoption of these devices has witnessed significant growth across the globe, driven by increasing consumer awareness, advancing technology, and changing lifestyles. Growing consumer awareness of the benefits and capabilities of it has fueled adoption rates.
Technology, the Government of India formulated a draft IoT Policy to develop connected and smart IoT-based systems. This policy launched a Smart City project, planning to develop 100 smart cities in the country by allocating INR 7,060 crores. Also, the Ministry of Electronics & Information Technology has approved Rs 436.87 Crore to implement the project titled Future Skill PRIME, which aims to create an ecosystem in 10 emerging and futuristic technologies, including IoT. As investment in IoT technology continues to grow, the market in India is poised for further expansion and evolution. Therefore, increasing investment in IoT technology and the growing industry in the region are driving the market's growth.
The China market dominated the Asia Pacific Smart Home Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $31,394.1 Million by 2030. The Japan market is experiencing a CAGR of 19% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 20.5% during (2023 - 2030).
Free Valuable Insights: The Global Smart Home Devices Market is Predict to reach $ 399.5 Billion by 2030, at a CAGR of 19.2%
Based on Component, the market is segmented into Solutions, and Services. Based on Type, the market is segmented into Lighting Control, Security & Access Control, Home Appliances, Entertainment & Other Controls, Smart Kitchen, HVAC Control, Smart Furniture, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Johnson Controls International PLC
- Schneider Electric SE
- Siemens AG
- Honeywell International, Inc.
- Amazon.com, Inc.
- Apple Inc.
- Google LLC (Alphabet Inc.)
- Robert Bosch GmbH
- Raytheon Technologies Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
Asia Pacific Smart Home Devices Market Report Segmentation
By Component
By Type
- Lighting Control
- Security & Access Control
- Home Appliances
- Entertainment & Other Controls
- Smart Kitchen
- HVAC Control
- Smart Furniture
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Devices Market, by Component
1.4.2 Asia Pacific Smart Home Devices Market, by Type
1.4.3 Asia Pacific Smart Home Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnership & Collaboration: 2019, Dec – 2024, Feb) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. Asia Pacific Smart Home Devices Market, by Component
5.1 Asia Pacific Solutions Market, by Country
5.2 Asia Pacific Services Market, by Country
Chapter 6. Asia Pacific Smart Home Devices Market, by Type
6.1 Asia Pacific Lighting Control Market, by Country
6.2 Asia Pacific Security & Access Control Market, by Country
6.3 Asia Pacific Home Appliances Market, by Country
6.4 Asia Pacific Entertainment & Other Controls Market, by Country
6.5 Asia Pacific Smart Kitchen Market, by Country
6.6 Asia Pacific HVAC Control Market, by Country
6.7 Asia Pacific Smart Furniture Market, by Country
6.8 Asia Pacific Others Market, by Country
Chapter 7. Asia Pacific Smart Home Devices Market, by Country
7.1 China Smart Home Devices Market
7.1.1 China Smart Home Devices Market, by Component
7.1.2 China Smart Home Devices Market, by Type
7.2 Japan Smart Home Devices Market
7.2.1 Japan Smart Home Devices Market, by Component
7.2.2 Japan Smart Home Devices Market, by Type
7.3 India Smart Home Devices Market
7.3.1 India Smart Home Devices Market, by Component
7.3.2 India Smart Home Devices Market, by Type
7.4 South Korea Smart Home Devices Market
7.4.1 South Korea Smart Home Devices Market, by Component
7.4.2 South Korea Smart Home Devices Market, by Type
7.5 Singapore Smart Home Devices Market
7.5.1 Singapore Smart Home Devices Market, by Component
7.5.2 Singapore Smart Home Devices Market, by Type
7.6 Malaysia Smart Home Devices Market
7.6.1 Malaysia Smart Home Devices Market, by Component
7.6.2 Malaysia Smart Home Devices Market, by Type
7.7 Rest of Asia Pacific Smart Home Devices Market
7.7.1 Rest of Asia Pacific Smart Home Devices Market, by Component
7.7.2 Rest of Asia Pacific Smart Home Devices Market, by Type
Chapter 8. Company Profiles
8.1 Johnson Controls International PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental & Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Schneider Electric SE
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:
8.2.5.3 Acquisition and Mergers:
8.2.5.4 Geographical Expansions:
8.2.6 SWOT Analysis
8.3 Siemens AG
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:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Honeywell International, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and 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:
8.4.6 SWOT Analysis
8.5 Amazon.com, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.5 SWOT Analysis
8.6 Apple, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Google LLC (Alphabet Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.6 SWOT Analysis
8.8 Robert Bosch GmbH
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 Raytheon Technologies Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Samsung Electronics Co., Ltd. (Samsung Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 SWOT Analysis
TABLE 1 Asia Pacific Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Devices Market
TABLE 4 Product Launches And Product Expansions– Smart Home Devices Market
TABLE 5 Acquisition and Mergers– Smart Home Devices Market
TABLE 6 Asia Pacific Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 7 Asia Pacific Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 8 Asia Pacific Solutions Market, by Country, 2019 - 2022, USD Million
TABLE 9 Asia Pacific Solutions Market, by Country, 2023 - 2030, USD Million
TABLE 10 Asia Pacific Services Market, by Country, 2019 - 2022, USD Million
TABLE 11 Asia Pacific Services Market, by Country, 2023 - 2030, USD Million
TABLE 12 Asia Pacific Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 13 Asia Pacific Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Lighting Control Market, by Country, 2019 - 2022, USD Million
TABLE 15 Asia Pacific Lighting Control Market, by Country, 2023 - 2030, USD Million
TABLE 16 Asia Pacific Security & Access Control Market, by Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Security & Access Control Market, by Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Home Appliances Market, by Country, 2019 - 2022, USD Million
TABLE 19 Asia Pacific Home Appliances Market, by Country, 2023 - 2030, USD Million
TABLE 20 Asia Pacific Entertainment & Other Controls Market, by Country, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Entertainment & Other Controls Market, by Country, 2023 - 2030, USD Million
TABLE 22 Asia Pacific Smart Kitchen Market, by Country, 2019 - 2022, USD Million
TABLE 23 Asia Pacific Smart Kitchen Market, by Country, 2023 - 2030, USD Million
TABLE 24 Asia Pacific HVAC Control Market, by Country, 2019 - 2022, USD Million
TABLE 25 Asia Pacific HVAC Control Market, by Country, 2023 - 2030, USD Million
TABLE 26 Asia Pacific Smart Furniture Market, by Country, 2019 - 2022, USD Million
TABLE 27 Asia Pacific Smart Furniture Market, by Country, 2023 - 2030, USD Million
TABLE 28 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 29 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 30 Asia Pacific Smart Home Devices Market, by Country, 2019 - 2022, USD Million
TABLE 31 Asia Pacific Smart Home Devices Market, by Country, 2023 - 2030, USD Million
TABLE 32 China Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 33 China Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 34 China Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 35 China Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 36 China Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 37 China Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 38 Japan Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 39 Japan Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 40 Japan Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 41 Japan Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 42 Japan Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 43 Japan Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 44 India Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 45 India Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 46 India Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 47 India Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 48 India Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 49 India Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 50 South Korea Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 51 South Korea Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 52 South Korea Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 53 South Korea Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 54 South Korea Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 55 South Korea Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 56 Singapore Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 57 Singapore Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 58 Singapore Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 59 Singapore Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 60 Singapore Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 61 Singapore Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 62 Malaysia Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 63 Malaysia Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 64 Malaysia Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 65 Malaysia Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 66 Malaysia Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 67 Malaysia Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 68 Rest of Asia Pacific Smart Home Devices Market, 2019 - 2022, USD Million
TABLE 69 Rest of Asia Pacific Smart Home Devices Market, 2023 - 2030, USD Million
TABLE 70 Rest of Asia Pacific Smart Home Devices Market, by Component, 2019 - 2022, USD Million
TABLE 71 Rest of Asia Pacific Smart Home Devices Market, by Component, 2023 - 2030, USD Million
TABLE 72 Rest of Asia Pacific Smart Home Devices Market, by Type, 2019 - 2022, USD Million
TABLE 73 Rest of Asia Pacific Smart Home Devices Market, by Type, 2023 - 2030, USD Million
TABLE 74 Key Information – Johnson Controls International PLC
TABLE 75 Key Information – Schneider Electric SE
TABLE 76 Key Information – Siemens AG
TABLE 77 Key Information – Honeywell International, Inc.
TABLE 78 Key Information – Amazon.com, Inc.
TABLE 79 Key Information – Apple, Inc.
TABLE 80 Key Information – Google LLC
TABLE 81 Key Information – Robert Bosch GmbH
TABLE 82 Key Information – Raytheon Technologies Corporation
TABLE 83 Key Information – Samsung Electronics Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Smart Home Devices Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Smart Home Devices Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnership & collaboration : 2019, DEC – 2024, Feb) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Home Devices Market
FIG 8 Asia Pacific Smart Home Devices Market share, by Component, 2022
FIG 9 Asia Pacific Smart Home Devices Market share, by Component, 2030
FIG 10 Asia Pacific Smart Home Devices Market, by Component, 2019 - 2030, USD Million
FIG 11 Asia Pacific Smart Home Devices Market share, by Type, 2022
FIG 12 Asia Pacific Smart Home Devices Market share, by Type, 2030
FIG 13 Asia Pacific Smart Home Devices Market, by Type, 2019 - 2030, USD Million
FIG 14 Asia Pacific Smart Home Devices Market share, by Country, 2022
FIG 15 Asia Pacific Smart Home Devices Market share, by Country, 2030
FIG 16 Asia Pacific Smart Home Devices Market, by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Johnson Controls International PLC
FIG 18 SWOT Analysis: Johnson Controls International PLC
FIG 19 Recent strategies and developments: Schneider Electric SE
FIG 20 SWOT Analysis: Schneider Electric SE
FIG 21 Recent strategies and developments: Siemens AG
FIG 22 SWOT Analysis: Siemens AG
FIG 23 Recent strategies and developments: Honeywell International, Inc.
FIG 24 Swot analysis: Honeywell international, inc.
FIG 25 SWOT Analysis: Amazon.com, Inc.
FIG 26 SWOT Analysis: Apple, Inc.
FIG 27 SWOT Analysis: Google LLC
FIG 28 SWOT Analysis: Robert Bosch GmbH
FIG 29 SWOT Analysis: Raytheon Technologies Corporation
FIG 30 SWOT Analysis: Samsung Electronics Co., Ltd