The Asia Pacific Smart Home Services Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
Suppleness for innovative goods and technology. When it comes to integrating new appliances, gadgets, and other types of technology, smart home systems are often quite adaptable. Regardless of how cutting-edge linked appliances currently look, newer and more complicated models will be developed in the future. In addition, when a user replaces an obsolete appliance or device or discovers new technologies that enhance their indoor and outdoor environs, they would likely add to their collection of gadgets. Complex technology can be greatly simplified by integrating these new gadgets.
A smart house employs an internet-connected device for remote monitoring and management of systems and appliances, including lighting and heating. Smart home technology, also known as smart home automation, provides homeowners with security, comfort, convenience, and energy savings through the use of a smart home application on a smartphone or other networked device. As part of the internet of things, smart home systems and devices typically collaborate to exchange consumer data and automate tasks depending on the homeowners' preferences.
With an emphasis on sustainable and equitable development, governments throughout the area are accelerating the implementation of intelligent technology. A two-stage competition led to the selection of 100 communities for Smart City development. As a result of the government's intensifying efforts to create more smart cities in the country, the number of smart houses in the region will increase. This aspect would boost the growth of smart home appliances in the region by increasing the rate at which smart home appliances are integrated into smart homes surging the growth of the smart home services market.
The China market dominated the Asia Pacific Smart Home Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $906.2 million by 2028. The Japan market is experiencing a CAGR of 10% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 11.4% during (2022 - 2028).
Based on Type, the market is segmented into IoT Services for Smart Appliances, IoT Services for Control & Connectivity Devices and IoT Services for Security & Surveillance Equipment. 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 Services Market is Projected to reach USD 10.9 Billion by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Lumen Technologies, Inc., Comcast Corporation, Charter Communications, Inc., Telus International (Telus Communications Inc.), Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), Trane Technologies PLC, Rexel Group, and Calix, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- IoT Services for Smart Appliances
- IoT Services for Control & Connectivity Devices
- IoT Services for Security & Surveillance Equipment
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Lumen Technologies, Inc.
- Comcast Corporation
- Charter Communications, Inc.
- Telus International (Telus Communications Inc.)
- Vivint Smart Home, Inc.
- ADT, Inc. (Apollo Global Management, Inc.)
- Trane Technologies PLC
- Rexel Group
- Calix, 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 Services Market, by Type
1.4.2 Asia Pacific Smart Home Services 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 & Scenarios
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
3.2.4 Geographical Expansions
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 : 2018, Jan – 2022, Aug) Leading Players
Chapter 4. Asia Pacific Smart Home Services Market by Type
4.1 Asia Pacific IoT Services for Smart Appliances Market by Country
4.2 Asia Pacific IoT Services for Control & Connectivity Devices Market by Country
4.3 Asia Pacific IoT Services for Security & Surveillance Equipment Market by Country
Chapter 5. Asia Pacific Smart Home Services Market by Country
5.1 China Smart Home Services Market
5.1.1 China Smart Home Services Market by Type
5.2 Japan Smart Home Services Market
5.2.1 Japan Smart Home Services Market by Type
5.3 India Smart Home Services Market
5.3.1 India Smart Home Services Market by Type
5.4 South Korea Smart Home Services Market
5.4.1 South Korea Smart Home Services Market by Type
5.5 Singapore Smart Home Services Market
5.5.1 Singapore Smart Home Services Market by Type
5.6 Malaysia Smart Home Services Market
5.6.1 Malaysia Smart Home Services Market by Type
5.7 Rest of Asia Pacific Smart Home Services Market
5.7.1 Rest of Asia Pacific Smart Home Services Market by Type
Chapter 6. Company Profiles
6.1 Johnson Controls International PLC
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental & Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.2 Lumen Technologies, 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 Partnerships, Collaborations, and Agreements:
6.3 Comcast Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Partnerships, Collaborations, and Agreements:
6.3.4.2 Product Launches and Product Expansions:
6.4 Charter Communications, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.5 Telus International (Telus Communications Inc.)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional Analysis
6.5.4 Recent strategies and developments:
6.5.4.1 Partnerships, Collaborations, and Agreements:
6.5.4.2 Product Launches and Product Expansions:
6.5.4.3 Acquisition and Mergers:
6.6 Vivint Smart Home, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Recent strategies and developments:
6.6.4.1 Partnerships, Collaborations, and Agreements:
6.6.4.2 Product Launches and Product Expansions:
6.7 ADT, Inc. (Apollo Global Management, Inc.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Acquisition and Mergers:
6.8 Trane Technologies PLC
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:
6.9 Rexel Group
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental Analysis
6.9.4 Recent strategies and developments:
6.9.4.1 Product Launches and Product Expansions:
6.9.4.2 Acquisition and Mergers:
6.9.4.3 Geographical Expansions:
6.10. Calix, Inc.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expenses
6.10.5 Recent strategies and developments:
6.10.5.1 Partnerships, Collaborations, and Agreements:
6.10.5.2 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Smart Home Services Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Home Services Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Home Services Market
TABLE 4 Product Launches And Product Expansions– Smart Home Services Market
TABLE 5 Acquisition and Mergers– Smart Home Services Market
TABLE 6 Geographical Expansions – Smart Home Services Market
TABLE 7 Asia Pacific Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific IoT Services for Smart Appliances Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific IoT Services for Smart Appliances Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific IoT Services for Control & Connectivity Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific IoT Services for Control & Connectivity Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific IoT Services for Security & Surveillance Equipment Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific IoT Services for Security & Surveillance Equipment Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Smart Home Services Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Smart Home Services Market by Country, 2022 - 2028, USD Million
TABLE 17 China Smart Home Services Market, 2018 - 2021, USD Million
TABLE 18 China Smart Home Services Market, 2022 - 2028, USD Million
TABLE 19 China Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 20 China Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 21 Japan Smart Home Services Market, 2018 - 2021, USD Million
TABLE 22 Japan Smart Home Services Market, 2022 - 2028, USD Million
TABLE 23 Japan Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 24 Japan Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 25 India Smart Home Services Market, 2018 - 2021, USD Million
TABLE 26 India Smart Home Services Market, 2022 - 2028, USD Million
TABLE 27 India Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 28 India Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 29 South Korea Smart Home Services Market, 2018 - 2021, USD Million
TABLE 30 South Korea Smart Home Services Market, 2022 - 2028, USD Million
TABLE 31 South Korea Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 32 South Korea Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 33 Singapore Smart Home Services Market, 2018 - 2021, USD Million
TABLE 34 Singapore Smart Home Services Market, 2022 - 2028, USD Million
TABLE 35 Singapore Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 36 Singapore Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 37 Malaysia Smart Home Services Market, 2018 - 2021, USD Million
TABLE 38 Malaysia Smart Home Services Market, 2022 - 2028, USD Million
TABLE 39 Malaysia Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 40 Malaysia Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 41 Rest of Asia Pacific Smart Home Services Market, 2018 - 2021, USD Million
TABLE 42 Rest of Asia Pacific Smart Home Services Market, 2022 - 2028, USD Million
TABLE 43 Rest of Asia Pacific Smart Home Services Market by Type, 2018 - 2021, USD Million
TABLE 44 Rest of Asia Pacific Smart Home Services Market by Type, 2022 - 2028, USD Million
TABLE 45 Key Information – Johnson Controls International PLC
TABLE 46 Key Information – Lumen Technologies, Inc.
TABLE 47 key information – Comcast Corporation
TABLE 48 key information – Charter Communications, Inc.
TABLE 49 Key Information – Telus International
TABLE 50 Key information –Vivint Smart Home, Inc.
TABLE 51 key Information – ADT, Inc.
TABLE 52 Key Information – Trane Technologies PLC
TABLE 53 Key Information – Rexel Group
TABLE 54 Key Information – Calix, Inc.
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 : 2018, Jan – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Johnson Controls International PLC
FIG 6 Recent strategies and developments: Comcast Corporation
FIG 7 Recent strategies and developments: Telus International
FIG 8 Recent strategies and developments: Vivint Smart Home, Inc.
FIG 9 Recent strategies and developments: ADT, Inc.
FIG 10 Recent strategies and developments: Rexel Group
FIG 11 Recent strategies and developments: Calix, Inc.