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
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| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
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| Companies Covered | Amazon.com Inc., Apple Inc., Honeywell International Inc.., Panasonic Corporation, Samsung, Schneider Electric, Sony Corporation, Others
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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:
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By Product Type:
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Door/video sensor
Interactive security system
Irrigation control system
Smart electrical socket
Smart smoke detector
Video doorbell
Water shutoff system
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By Application:
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Comfort and Lighting
Control and Connectivity
Energy Management
Home Entertainment
Security
Smart Appliances
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Japan Smart Home Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Smart Home Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Door/video sensor
7.3. Garage door opener
7.4. Interactive security system
7.5. Irrigation control system
7.6. Leak/moisture detector
7.7. Monitoring camera
7.8. Motion sensor
7.9. Smart door lock
7.10. Smart electrical socket
7.11. Smart light bulb
7.12. Smart light switch
7.13. Smart oven
7.14. Smart plug
7.15. Smart smoke detector
7.16. Smart Speaker
7.17. Smart thermostat
7.18. Smart window shade/blind
7.19. Video doorbell
7.20. Water shutoff system
8. Japan Smart Home Market, By Application (USD Million)
8.1. Japan Smart Home Market Value Share and Forecast, By Application, 2023-2033
8.2. Comfort and Lighting
8.3. Control and Connectivity
8.4. Energy Management
8.5. Home Entertainment
8.6. Security
8.7. 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 Region
12.4. Northern Region
12.5. Southern Region
12.6. Western Region
13. Company Profile
13.1. Amazon.com Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Apple Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Honeywell International Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Panasonic Corporation
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Samsung
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Schneider Electric
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Sony Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. 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.
