Japan Smart Home Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Japan Smart Home Market Size- By Product Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: IACT2413 | Pages: 1 - 102 | Formats*: |
| Category : Information & Communications Technology | |||
Japan Smart Home Market Introduction and Overview
According to SPER Market Research, the Japan Smart Home Market is estimated to reach USD 42.51 Billion by 2033 with a CAGR of 18.9%.
The report includes an in-depth analysis of the Japan Smart Home Market, including market size and trends, product mix, applications, and supplier analysis. Smart home appliances are suitable for a house configuration where appliances may be controlled remotely from any point in the globe with an Internet connection through a mobile or other networked device. Because every device in a smart home is Internet-connected, the user may regulate features like lighting, temperature, security access, and home entertainment.
- In January 2022, Samsung Electronics Co., Ltd. partnered with the Home Connectivity Alliance to advance the development of smart home technologies. Enhancing the product portfolio with new and practical features is the aim of our partnership.
- In August 2022: As part of its yearly model upgrade, Amazon.com, Inc. announced the debut of its wall echo, sound bot, and other smart home devices. The introduction is consistent with the company's goal of improving the hardware of the product to rival other businesses.
Market Opportunities and Challenges
The integration of IoT, z-wave, Wi-Fi, and Bluetooth technologies along with the purchase of smart home security equipment is anticipated to create profitable prospects for the industry, hence propelling the growth rate of the smart house market in the coming years. In addition, there will be a lot of opportunity for market expansion given the renewed emphasis on enhancing energy efficiency.
Japan is the only nation on Earth that has embraced technology so wholeheartedly. Over the past ten years, technology has revolutionised the lives of most Japanese people. This also holds true for homes, which have developed into smart homes from simple modern concepts. This demographic trend is expected to continue and have a significant effect on social and economic institutions. Seniors and their families can live in more comfort, security, and accessibility with the help of modern building automation technologies.
The lack of standard operating protocols and electrical connections has previously hindered the growth of the smart home sector in Japan. There is a greater chance of data breaches, unauthorised access, and privacy violations when smart home devices gather and transfer personal data. Customers are becoming more wary of the security flaws in smart home technologies, especially in the wake of high-profile instances. The widespread adoption of smart home solutions may be hampered by people's concerns about data privacy and security since they may be reluctant to fully utilise the technology in the absence of strong cybersecurity and privacy protection measures. To go over this limitation and address these issues, strict data protection laws, robust encryption standards, and open data processing procedures are necessary.
Market Competitive Landscape
Japanese market participants have integrated 'Calm Technology & Design' ideals and technical proficiency to enable a pleasant digital life where technology harmoniously coexists with humans. They see technology of the future as something that enhances human life to the point where it makes people happier. The major key players in the Japan Smart Home Market are: Amazon.com Inc., Apple Inc., Honeywell International Inc.., Panasonic Corporation, Samsung, Schneider Electric, Sony Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application |
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region |
| Companies Covered | Amazon.com Inc., Apple Inc., Honeywell International Inc.., Panasonic Corporation, Samsung, Schneider Electric, Sony Corporation, Others |
COVID-19 Impact on Japan Smart Home Market
The COVID-19 pandemic has turned into an international stress test. The virus is infecting more and more individuals worldwide, raising concerns about the rate of expansion of the international economy. Numerous people have contracted COVID-19 in Japan. The number is continuously rising, and it's still hard to say how long the pandemic will last. The market for home automation has grown quickly in recent years; this tendency has been somewhat aided by COVID-19 and the need for people to spend more time at home as a result of lockdown procedures. COVID-19 has increased the amount of domestic duties that need to be done, thus smart appliances that save time would be beneficial. Furthermore, the steady rise in broadband penetration among Japanese households and the country's population of smartphone owners have made smart home gadgets much more accessible.
Key Target Audience:
- Energy Companies
- Home Automation Installers and Service Providers
- Homeowners
- Insurance Companies
- Real Estate Developers and Builders
- Retailers
- Security Companies
- Smart Home Device Manufacturers
- Others
Our in-depth analysis of the Japan Smart Home Market includes the following segments:
| By Product Type: |
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| By Application: |
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Key Topics Covered in the Report:
- Japan Smart Home Market Size (FY’2023-FY’2033)
- Overview of Japan Smart Home Market
- Segmentation of Japan Smart Home Market By Product Type (Door/video sensor, Garage door opener, Interactive security system, Irrigation control system, Leak/moisture detector, Monitoring camera, Motion sensor, Smart door lock, Smart electrical socket, Smart light bulb, Smart light switch, Smart oven, Smart plug, Smart smoke detector, Smart Speaker, Smart thermostat, Smart window shade/blind, Video doorbell, Water shutoff system)
- Segmentation of Japan Smart Home Market By Application (Comfort and Lighting, Control and Connectivity, Energy Management, Home Entertainment, Security, Smart Appliances)
- Statistical Snap of Japan Smart Home Market
- Expansion Analysis of Japan Smart Home Market
- Problems and Obstacles in Japan Smart Home Market
- Competitive Landscape in the Japan Smart Home Market
- Impact of COVID-19 and Demonetization on Japan Smart Home Market
- Details on Current Investment in Japan Smart Home Market
- Competitive Analysis of Japan Smart Home Market
- Prominent Players in the Japan Smart Home Market
- SWOT Analysis of Japan Smart Home Market
- Japan Smart Home Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Japan Smart Home Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Smart Home Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Smart Home Market
7. Japan Smart Home Market, By Product Type (USD Million)
7.1. Japan Smart Home Market Value Share and Forecast, By Product Type, 2023-20337.2. Door/video sensor7.3. Garage door opener7.4. Interactive security system7.5. Irrigation control system7.6. Leak/moisture detector7.7. Monitoring camera7.8. Motion sensor7.9. Smart door lock7.10. Smart electrical socket7.11. Smart light bulb7.12. Smart light switch7.13. Smart oven7.14. Smart plug7.15. Smart smoke detector7.16. Smart Speaker7.17. Smart thermostat7.18. Smart window shade/blind7.19. Video doorbell7.20. Water shutoff system
8. Japan Smart Home Market, By Application (USD Million)
8.1. Japan Smart Home Market Value Share and Forecast, By Application, 2023-20338.2. Comfort and Lighting8.3. Control and Connectivity8.4. Energy Management8.5. Home Entertainment8.6. Security8.7. Smart Appliances
9. Japan Smart Home Market Forecast, 2019-2033 (USD Million)
9.1. Japan Smart Home Market Size and Market Share
10. Japan Smart Home Market, By Product Type, 2019-2033 (USD Million)
10.1. Japan Smart Home Market Size and Market Share By Product Type (2019-2026)10.2. Japan Smart Home Market Size and Market Share By Product Type (2027-2033)
11. Japan Smart Home Market, By Application, 2019-2033 (USD Million)
11.1. Japan Smart Home Market Size and Market Share By Application (2019-2026)11.2. Japan Smart Home Market Size and Market Share By Application (2027-2033)
12. Japan Smart Home Market, By Region, 2019-2033 (USD Million)
12.1. Japan Smart Home Market Size and Market Share By Region (2019-2026)12.2. Japan Smart Home Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Northern Region12.5. Southern Region12.6. Western Region
13. Company Profile
13.1. Amazon.com Inc.13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Apple Inc.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Honeywell International Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Panasonic Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Samsung13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Schneider Electric13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Sony Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Japan Smart Home Market is projected to reach USD 42.51 Billion by 2033, growing at a CAGR of 18.9% during the forecast period.
Japan Smart Home Market grew in market size from 2023. The Market is expected to reach USD 42.51 Billion by 2033, at a CAGR of 18.9% during the forecast period.
Japan Smart Home Market CAGR of 18.9% during the forecast period.
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Japan Smart Home Market size is USD 42.51 Billion from 2023 to 2033.
Japan Smart Home Market Segment is Covered By Product Type, By Application
The Asia-Pacific region is anticipated to have the highest market share in Japan Smart Home Market.
The key players in the market include Companies Covered Amazon.com Inc., Apple Inc., Honeywell International Inc.., Panasonic Corporation, Samsung, Schneider Electric, Sony Corporation, Others
This also holds true for homes, which have developed into smart homes from simple modern concepts. This demographic trend is expected to continue and have a significant effect on social and economic institutions.
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