The Asia Pacific Smart Home Hardware Market would witness market growth of 12.9% CAGR during the forecast period (2022-2028).
While the presence of many variables impacts the emergence of connected home solutions, customers hold the most influence. Consumer desire for linked or smart devices is driving more than half of the survey respondents' product development and strategies. Consumer knowledge of the advantages of linked devices follows closely following consumer demand as a key market tendency propelling development, smart technology research, and production. Although consumer demand for smart home gadgets is important, it has concerns about personal data privacy and the security dangers that come with maintaining a connected life. Consumers must be aware of how the data is utilized and how it helps people. Data gathered by linked devices presents an opportunity for industry decision-makers.
Products are being revolutionized by information technology. Products have evolved from simple mechanical and electrical components to complex systems that incorporate sensors, hardware, microprocessors, data storage, software, and networking in a variety of ways. Such "smart, connected devices," enabled by massive advances in device downsizing and processing power, as well as the network advantages of pervasive wireless connectivity, have ushered in a new phase of the competition.
A huge part of the Asia Pacific population is realizing the benefits of smart technologies and progressively incorporating smart technologies in every possible hardware system, like in the current scenario, people are adopting smart home automation system as part of daily routine. Cities recorded almost a significant number of India's present population and generate substantial revenue for the country's GDP (Census 2011). By 2030, urban regions are predicted to house a major share of India's population and generate a significant share of the country's GDP. The governments of various nations are showing sufficient support in order to bring smart technologies into the domestic market by imposing strict regulations for maintaining energy efficiency and contributing to the maintenance of the environment.
It necessitates the creation of a complete physical, social, institutional, and economic infrastructure. All of such factors contribute to increasing the quality of life and bringing investment and people, thereby initiating a virtuous cycle of growth and development. The Smart City development is a move in that direction.
The China market dominated the Asia Pacific Smart Home Hardware Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,853.7 Million by 2028. The Japan market is experiencing a CAGR of 12.2% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 13.6% during (2022 - 2028).
Based on Product, the market is segmented into IoT Hardware for Control & Connectivity Devices, IoT Hardware for Security & Surveillance Equipment, and IoT Hardware for Smart Appliances. 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 Hardware Market is Projected to reach USD 48 Billion by 2028, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon.com, Inc., Schneider Electric SE, Honeywell International, Inc., ABB (ASEA Brown Boveri) Group, Johnson Controls International PLC, Panasonic Corporation, Legrand S.A., Samsung Electronics Co. Ltd., and General Electric (GE) Co.
Scope of the Study
Market Segments Covered in the Report:
By Product
- IoT Hardware for Control & Connectivity Devices
- IoT Hardware for Security & Surveillance Equipment
- IoT Hardware for Smart Appliances
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon.com, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- ABB (ASEA Brown Boveri) Group
- Johnson Controls International PLC
- Panasonic Corporation
- Legrand S.A.
- Samsung Electronics Co. Ltd.
- General Electric (GE) Co.
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 Hardware Market, by Product
1.4.2 Asia Pacific Smart Home Hardware 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 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Dec – 2022, Apr) Leading Players
Chapter 4. Asia Pacific Smart Home Hardware Market by Product
4.1 Asia Pacific IoT Hardware for Control & Connectivity Devices Market by Country
4.2 Asia Pacific IoT Hardware for Security & Surveillance Equipment Market by Country
4.3 Asia Pacific IoT Hardware for Smart Appliances Market by Country
Chapter 5. Asia Pacific Smart Home Hardware Market by Country
5.1 China Smart Home Hardware Market
5.1.1 China Smart Home Hardware Market by Product
5.2 Japan Smart Home Hardware Market
5.2.1 Japan Smart Home Hardware Market by Product
5.3 India Smart Home Hardware Market
5.3.1 India Smart Home Hardware Market by Product
5.4 South Korea Smart Home Hardware Market
5.4.1 South Korea Smart Home Hardware Market by Product
5.5 Singapore Smart Home Hardware Market
5.5.1 Singapore Smart Home Hardware Market by Product
5.6 Malaysia Smart Home Hardware Market
5.6.1 Malaysia Smart Home Hardware Market by Product
5.7 Rest of Asia Pacific Smart Home Hardware Market
5.7.1 Rest of Asia Pacific Smart Home Hardware Market by Product
Chapter 6. Company Profiles
6.1 Google LLC
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.6 SWOT Analysis
6.2 Amazon.com, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Product Launches and Product Expansions:
6.2.4.2 Acquisition and Mergers:
6.2.5 SWOT Analysis
6.3 Schneider Electric SE
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.3.5.2 Product Launches and Product Expansions:
6.3.6 SWOT Analysis
6.4 Honeywell International, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 ABB Group
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Product Launches and Product Expansions:
6.5.6 SWOT Analysis
6.6 Johnson Controls International PLC
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.6.5.2 Acquisition and Mergers:
6.7 Panasonic Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 Recent Strategies and Development
6.7.5.1 Product Launches and Product Expansions:
6.7.6 SWOT Analysis
6.8 Legrand S.A.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent Strategies and Developments
6.8.5.1 Product Launches and Product Expansions:
6.8.5.2 Acquisitions and Mergers:
6.9 Samsung Electronics Co. Ltd.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.6 SWOT Analysis
6.10. General Electric (GE) Co.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent Strategies and Developments
6.10.5.1 Partnerships, Collaborations and Agreements:
6.10.6 SWOT Analysis
TABLE 1 Asia Pacific Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Hardware Market
TABLE 4 Product Launches And Product Expansions– Smart Home Hardware Market
TABLE 5 Acquisition and Mergers– Smart Home Hardware Market
TABLE 6 Asia Pacific Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 8 Asia Pacific IoT Hardware for Control & Connectivity Devices Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific IoT Hardware for Control & Connectivity Devices Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific IoT Hardware for Security & Surveillance Equipment Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific IoT Hardware for Security & Surveillance Equipment Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific IoT Hardware for Smart Appliances Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific IoT Hardware for Smart Appliances Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Smart Home Hardware Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Smart Home Hardware Market by Country, 2022 - 2028, USD Million
TABLE 16 China Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 17 China Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 18 China Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 19 China Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 20 Japan Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 21 Japan Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 22 Japan Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 23 Japan Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 24 India Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 25 India Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 26 India Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 27 India Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 28 South Korea Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 29 South Korea Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 30 South Korea Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 31 South Korea Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 32 Singapore Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 33 Singapore Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 34 Singapore Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 35 Singapore Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 36 Malaysia Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 37 Malaysia Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 38 Malaysia Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 39 Malaysia Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 40 Rest of Asia Pacific Smart Home Hardware Market, 2018 - 2021, USD Million
TABLE 41 Rest of Asia Pacific Smart Home Hardware Market, 2022 - 2028, USD Million
TABLE 42 Rest of Asia Pacific Smart Home Hardware Market by Product, 2018 - 2021, USD Million
TABLE 43 Rest of Asia Pacific Smart Home Hardware Market by Product, 2022 - 2028, USD Million
TABLE 44 Key Information – Google LLC
TABLE 45 Key Information – Amazon.com, Inc.
TABLE 46 Key Information – SCHNEIDER ELECTRIC SE
TABLE 47 Key Information – Honeywell International, Inc.
TABLE 48 Key Information – ABB Group
TABLE 49 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 50 Key Information – Panasonic Corporation
TABLE 51 key Information – Legrand S.A.
TABLE 52 Key Information – Samsung Electronics Co. Ltd.
TABLE 53 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Dec – 2022, Apr) Leading Players
FIG 5 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 6 Recent strategies and developments: Amazon.com, Inc.
FIG 7 SWOT analysis: Amazon.com, Inc.
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Swot analysis: Honeywell international, inc.
FIG 11 Recent strategies and developments: ABB Group
FIG 12 SWOT Analysis: ABB Group
FIG 13 Recent strategies and developments: Johnson Controls International PLC
FIG 14 SWOT Analysis: Panasonic Corporation
FIG 15 Recent strategies and developments: Legrand S.A.
FIG 16 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 17 Swot analysis: General electric (GE) Co.