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Japan Smart Home Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 155 Pages
  • February 2023
  • Region: Japan
  • Renub Research
  • ID: 5740682

The Japan Smart Home Industry was valued at US$ 6.52 Billion in 2022

Japan Smart Home Market will reach US$ 17.89 Billion by 2028, growing at a CAGR of 18.72%. No other country on the earth has embraced technology as strongly as Japan. The majority of Japanese people's lives have experienced a technology boom over the past ten years. This also applies to dwellings, which have evolved from a straight forward modern concept to smart homes. It is anticipated that this demographic trend will persist and have a considerable impact on social and economic institutions. Modern building automation technology is also essential for enhancing the comfort, security, and accessibility of living for senior citizens and their families.

Japan Smart Home Industry was valued at US$ 6.52 Billion in 2022

By fully exploiting technological innovation, such as IoT and AI derived from the fourth industrial revolution, Japan hopes to create 'Society 5.0' in the future. The IoT market's rapid growth, numerous manufacturers expanding their product lines, cost-cutting measures made possible by home automation systems, and the growing significance of home monitoring from remote locations are some of the factors that have contributed to the growth of the smart home market in Japan. The demand for smart home technology is rising, and so are security and privacy breaches. The development of the smart home market has previously been hampered by the absence of standardized operational protocols and electrical interfaces.

Smart Appliances will capture the Maximum Revenue Share

Based on application, The Japan smart home market is classified into six types: Smart Appliances, Security, Home Entertainment, Energy management, Control & connectivity, and Comfort & lighting.
The rising number of smart homes and the growing internet penetration among users primarily drive the smart home appliances market growth. As a result, manufacturers are investing extensively to support the increasing demand from Japanese consumers for feature-loaded smart solutions.

Artificial intelligence (AI) significantly boosts home security and monitoring market innovation. The Japan smart home security market is expected to rise at progressive CAGR thanks to evolving consumer safety and security preferences, an increase in the penetration of connected homes, a rising high net worth population increasing consolidation of market players across the globe.

Smart Speakers and Interactive Security Systems held the Highest Market

Japan's smart speaker market is expected to quadruple, along with increased use of other multimedia devices equipped with intelligent voice assistants. In addition, the deployment of devices such as smart curtains, smart electric controllers, smart lights, and smart appliances such as washers, TVs, and air conditioners is also rising.
Japanese Smart home sectors with strong short-term development potential are lighting control systems and security. Intelligent security products include smart doorbells, smart door locks, smart cameras, human sensors, smart sensors, door and window sensors, water immersion sensors, gas leak sensors, etc. There is a demand for a safe and secure living environment, especially concerning safety functionalities and discrete monitoring for older adults. In addition, the Japanese government has recently introduced various measures to reduce energy consumption at home to promote energy conservation by the household sector.

Global internet behemoths like Google and Amazon have introduced smart home goods designed specifically for the Japanese market. Additionally, the ubiquitous collecting of enormous amounts of customer data is made possible by the growing usage of remote control and automated services, which fascinates these digital behemoths and is another sector that will expand.

Key Players

Japanese market players have incorporated 'Calm Technology & Design' concepts and technical competence to allow peaceful digital existence in which technology works perfectly with people. They envisage future technology as one that claims to make people happier by enhancing the humanness of human life. Some key players in the Japan Smart Home Market are Panasonic Corporation, Sony Corporation, Honeywell International Inc., Amazon.com Inc, Schneider Electric, Apple Inc., and Samsung.

  • To promote the development of smart home technologies, Samsung Electronics Co., Ltd. collaborated with the Home Connectivity Alliance in January 2022. The goal of this relationship is to add fresh and useful features to the product offerings.

  • Amazon.com, Inc. announced the release of its sound bot, wall echo, and other smart home gadgets in August 2022 as part of its yearly model upgrade. The company's goal to improve the product hardware in order to compete with other businesses is aligned with the launch.

The report titled “Japan Smart Home Market, by Application (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, Smart Appliances), Products (Smart Speaker, Interactive security system, Smart thermostat, Monitoring camera, Video doorbell, Smart light bulb, Motion sensor, Smart light switch, Door/video sensor, Smart door lock, Smart plug, Smart smoke detector, Garage door opener, Smart electrical socket, Smart oven, Smart window shade/blind, Leak/moisture detector, Irrigation control system and Water shutoff system), Companies (Panasonic Corporation, Sony Corporation, Honeywell International Inc., Amazon.com Inc, Schneider Electric, Apple Inc., and Samsung)” is a market research report on smart homes market of Japan.

Application - Market, Number of Active Households & Households Penetration has been covered from 6 viewpoints:

1. Energy Management
2. Comfort and Lighting
3. Home Entertainment
4. Control and Connectivity
5. Security
6. Smart Appliances

Products - Market has been covered from 15 viewpoints:

1. Smart Speaker
2. Interactive Security System
3. Smart Thermostat
4. Monitoring Camera
5. Video Doorbell
6. Smart Light Bulb
7. Motion Sensor
8. Smart Light Switch
9. Door/Video Sensor
10. Smart Door Lock
11. Smart Plug
12. Smart Smoke Detector
13. Garage Door Opener
14. Smart Electrical Socket
15. Smart Oven
16. Smart Window Shade/Blind
17. Leak/Moisture Detector
18. Irrigation Control System
19. Water Shutoff System

All companies have been covered from 3 viewpoints:

  • Overview
  • Recent Development
  • Revenue

Company Insights:

1. Panasonic Corporation
2. Sony Corporation
3. Honeywell International Inc.
4. Amazon.com Inc
5. Schneider Electric
6. Apple Inc.
7. Samsung
Frequently Asked Questions about the Japanese Smart Home Market

What is the estimated value of the Japanese Smart Home Market?

The Japanese Smart Home Market was estimated to be valued at $6.52 Billion in 2022.

What is the growth rate of the Japanese Smart Home Market?

The growth rate of the Japanese Smart Home Market is 18.3%, with an estimated value of $17.89 Billion by 2028.

What is the forecasted size of the Japanese Smart Home Market?

The Japanese Smart Home Market is estimated to be worth $17.89 Billion by 2028.

Who are the key companies in the Japanese Smart Home Market?

Key companies in the Japanese Smart Home Market include Panasonic Corporation, Sony Corporation, Honeywell International Inc., Amazon.com Inc, Schneider Electric, Apple Inc. and Samsung.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Japan Smart Home Market

6. Share Analysis - Japan Smart Home Market
6.1 By Application
6.2 By Product

7. Application - Japan Smart Home Market
7.1 Energy Management
7.2 Comfort and Lighting
7.3 Home Entertainment
7.4 Control and Connectivity
7.5 Security
7.6 Smart Appliances

8. Product - Japan Smart Home Market
8.1 Smart Speaker
8.2 Interactive Security System
8.3 Smart Thermostat
8.4 Monitoring Camera
8.5 Video Doorbell
8.6 Smart Light Bulb
8.7 Motion Sensor
8.8 Smart Light Switch
8.9 Door/Video Sensor
8.1 Smart Door Lock
8.11 Smart Plug
8.12 Smart Smoke Detector
8.13 Garage Door Opener
8.14 Smart Electrical Socket
8.15 Smart Oven
8.16 Smart Window Shade/Blind
8.17 Leak/Moisture Detector
8.18 Irrigation Control System
8.19 Water Shutoff System

9. Company Analysis - Japan Smart Home Market
9.1 Panasonic Corporation
9.1.1 Overview
9.1.2 Recent Development
9.1.3 Revenue
9.2 Sony Corporation
9.2.1 Overview
9.2.2 Recent Development
9.2.3 Revenue
9.3 Samsung
9.3.1 Overview
9.3.2 Recent Development
9.3.3 Revenue
9.4 Apple Inc.
9.4.1 Overview
9.4.2 Recent Development
9.4.3 Revenue
9.5 schneider electric
9.5.1 Overview
9.5.2 Recent Development
9.5.3 Revenue
9.6 Amazon.com Inc
9.6.1 Overview
9.6.2 Recent Development
9.6.3 Revenue
9.7 Honeywell International Inc.
9.7.1 Overview
9.7.2 Recent Development
9.7.3 Revenue

List of Figures:
Figure 01: Japan - Smart Home Market (Billion US$), 2018 - 2022
Figure 02: Japan - Forecast for Smart Home Market (Billion US$), 2023 - 2028
Figure 03: Application - Energy Management Market (Million US$), 2018 - 2022
Figure 04: Application - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 05: Application - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 06: Application - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 07: Application - Home Entertainment Market (Million US$), 2018 - 2022
Figure 08: Application - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 09: Application - Control and Connectivity Market (Million US$), 2018 - 2022
Figure 10: Application - Forecast for Control and Connectivity Market (Million US$), 2023 - 2028
Figure 11: Application - Security Market (Million US$), 2018 - 2022
Figure 12: Application - Forecast for Security Market (Million US$), 2023 - 2028
Figure 13: Application - Smart Appliances Market (Million US$), 2018 - 2022
Figure 14: Application - Forecast for Smart Appliances Market (Million US$), 2023 - 2028
Figure 15: Product - Smart Speaker Market (Million US$), 2018 - 2022
Figure 16: Product - Forecast for Smart Speaker Market (Million US$), 2023 - 2028
Figure 17: Product - Interactive Security System Market (Million US$), 2018 - 2022
Figure 18: Product - Forecast for Interactive Security System Market (Million US$), 2023 - 2028
Figure 19: Product - Smart Thermostat Market (Million US$), 2018 - 2022
Figure 20: Product - Forecast for Smart Thermostat Market (Million US$), 2023 - 2028
Figure 21: Product - Monitoring Camera Market (Million US$), 2018 - 2022
Figure 22: Product - Forecast for Monitoring Camera Market (Million US$), 2023 - 2028
Figure 23: Product - Video Doorbell Market (Million US$), 2018 - 2022
Figure 24: Product - Forecast for Video Doorbell Market (Million US$), 2023 - 2028
Figure 25: Product - Smart Light Bulb Market (Million US$), 2018 - 2022
Figure 26: Product - Forecast for Smart Light Bulb Market (Million US$), 2023 - 2028
Figure 27: Product - Motion Sensor Market (Million US$), 2018 - 2022
Figure 28: Product - Forecast for Motion Sensor Market (Million US$), 2023 - 2028
Figure 29: Product - Smart Light Switch Market (Million US$), 2018 - 2022
Figure 30: Product - Forecast for Smart Light Switch Market (Million US$), 2023 - 2028
Figure 31: Product - Door/Video Sensor Market (Million US$), 2018 - 2022
Figure 32: Product - Forecast for Door/Video Sensor Market (Million US$), 2023 - 2028
Figure 33: Product - Smart Door Lock Market (Million US$), 2018 - 2022
Figure 34: Product - Forecast for Smart Door Lock Market (Million US$), 2023 - 2028
Figure 35: Product - Smart Plug Market (Million US$), 2018 - 2022
Figure 36: Product - Forecast for Smart Plug Market (Million US$), 2023 - 2028
Figure 37: Product - Smart Smoke Detector Market (Million US$), 2018 - 2022
Figure 38: Product - Forecast for Smart Smoke Detector Market (Million US$), 2023 - 2028
Figure 39: Product - Garage Door Opener Market (Million US$), 2018 - 2022
Figure 40: Product - Forecast for Garage Door Opener Market (Million US$), 2023 - 2028
Figure 41: Product - Smart Electrical Socket Market (Million US$), 2018 - 2022
Figure 42: Product - Forecast for Smart Electrical Socket Market (Million US$), 2023 - 2028
Figure 43: Product - Smart Oven Market (Million US$), 2018 - 2022
Figure 44: Product - Forecast for Smart Oven Market (Million US$), 2023 - 2028
Figure 45: Product - Smart Window Shade/Blind Market (Million US$), 2018 - 2022
Figure 46: Product - Forecast for Smart Window Shade/Blind Market (Million US$), 2023 - 2028
Figure 47: Product - Leak/Moisture Detector Market (Million US$), 2018 - 2022
Figure 48: Product - Forecast for Leak/Moisture Detector Market (Million US$), 2023 - 2028
Figure 49: Product - Irrigation Control System Market (Million US$), 2018 - 2022
Figure 50: Product - Forecast for Irrigation Control System Market (Million US$), 2023 - 2028
Figure 51: Product - Water Shutoff System Market (Million US$), 2018 - 2022
Figure 52: Product - Forecast for Water Shutoff System Market (Million US$), 2023 - 2028
Figure 53: Panasonic Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 54: Panasonic Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 55: Sony Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 56: Sony Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 57: Samsung - Global Revenue (Billion US$), 2018 - 2022
Figure 58: Samsung - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 59: Apple Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 60: Apple Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 61: schneider electric - Global Revenue (Billion US$), 2018 - 2022
Figure 62: schneider electric - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 63: Amazon.com Inc - Global Revenue (Billion US$), 2018 - 2022
Figure 64: Amazon.com Inc - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 65: Honeywell International Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 66: Honeywell International Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: Japan - Smart Home Market Share by Application (Percent), 2018 - 2022
Table 02: Japan - Forecast for Smart Home Market Share by Application (Percent), 2023 - 2028
Table 03: Japan - Smart Home Market Share by Product (Percent), 2018 - 2022
Table 04: Japan - Forecast for Smart Home Market Share by Product (Percent), 2023 - 2028

Companies Mentioned

  • Panasonic Corporation
  • Sony Corporation
  • Honeywell International Inc.
  • Amazon.com Inc
  • Schneider Electric
  • Apple Inc.
  • Samsung

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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