The Asia Pacific Smart Homes Market was valued at USD XX.XX in 2015 and is projected to reach USD XX.XX by 2020, at a CAGR of XX.XX% during the forecast period from 2015 to 2020. It is one of the fastest growing markets in the world. There are a number of factors that contribute towards this huge increase in the market. Some of the factors that are important are economic growth, huge population, increasing urbanization, and a big telecom industry. As the urbanization is increasing, the demand for residential homes is also expected to increase. Another reason is the growing concern for energy usage and the shortage of the same in the region.
The Asia Pacific smart homes market is segmented on the basis of technology into Bluetooth, WiFi, GSM/GPRS, Zigbee, and RFID. On the basis of geography, the market has been segmented into China, India, Australia, and others.
The technology these days has become quite advanced and has enabled various devices to be connected and controlled by one device. This technology is used by smart homes. In smart homes various devices, such as CCTV cameras, lighting, AC, TV, washing machine, etc., can be controlled by either a remote or a smart phone or tablet. These devices can be switched on or off from a different location, if the device controlling them gets a signal for the same. This can help in energy conservation, in cases when people often forget to switch off lights or some devices while leaving the house. The CCTV footage can be seen anywhere and it gives the homeowners a sense of security while leaving the house closed. The alarm systems placed in the house can be controlled remotely if any burglary or theft is taking place in the house.
The telecom industry has grown by leaps and bounds in Asia Pacific. The number of subscribers of internet is very large in the region. The penetration percentage of smart phones is also huge. There are many companies in this region, which make smart phones. This has helped the smart homes industry owing to the technology that it uses as well as be mobile and control different equipment as well. Technologies, such as Bluetooth, GSM, Zigbee, Wi-Fi or RFID, can be used to send the signals to control the devices. It is easy to install these systems in a house, which is being built rather than retrofitting older houses. Architects these days are taking this concept into consideration for the houses of the future.
There are some constraints for the market, such as the initial cost of installation of different equipment used in smart homes is high. There are continuous R&D activities going on by the companies, which will reduce the costs. Additionally, there are new players coming into the market, which is expected to lead to a price war and reduction of prices in the coming years.
Major companies in the market, such as ABB, Emerson, Honeywell, Schneider Electric, Siemens, LG, etc., are releasing new products and services for the smart homes market. These companies have been studied and their strategies have been analysed in the report.
Key Deliverables in the Study
1.1 Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.5 Current Market Trends
5. Technology Snapshot
5.1 Technology Overview
5.2 Protocols Used in Smart Home Systems
6. Asia-Pacific Smart Homes Market, by Technology
7. Asia-Pacific Smart Homes Market – Segmented by Products
7.1 Security & Surveillance Systems
7.2 Lighting Systems
7.3 HVAC Controls
7.4 Energy Management
7.5 Entertainment Controls
7.6 Others (Smart Kitchen Appliances, Healthcare & Monitoring)
8. Asia-Pacific Smart Homes Market by Country
9. Competitive Intelligence - Company Profiles (List Populated Globally)
9.1 ABB Ltd.
9.2 Emerson Electric Corporation
9.3 Honeywell International Inc.
9.4 Schneider Electric
9.5 Siemens AG
9.6 LG Electronics Inc.
9.7 Cisco Systems Inc.
9.8 Google Inc.
9.10 General Electric
9.13 Lutron Electronics Co. Inc.
9.14 United Technologies Corporation
9.15 Smart home Inc.
9.16 Control4 Corporation
10. Competitive Landscape
11. Investment Analysis
11.1 Recent Mergers & Acquisitions
11.2 New Products
12. Future trends in Asia-Pacific Smart Homes Market