Dublin, June 25, 2024 (GLOBE NEWSWIRE) — The “Japan Smart Home Market Report 2024-2032 with Applications, Technology, Products and Company Analysis” report has been added to ResearchAndMarkets.com's offering.
Japan's smart home market is expected to be worth US$ 6.79 billion in 2023 and is projected to grow at a CAGR of 12.05% from 2024 to 2032, reaching a staggering US$ 18.9 billion in 2032.
Japan has experienced a technological revolution over the past decade, leading to smart home improvements. These trends are not just about housing preferences, but also social and economic transformations. The introduction of modern building automation technology has improved the quality of life for seniors and their families.
Japan's smart home technologies are driven by the ageing population and their health care consciousness. These technologies include integrated lighting, heating, cooling, security and entertainment structures that can be controlled via voice commands, phone apps or primary hubs. Japan's significant research and development in robotics has also led to the creation of robot companions like Pepper for smart homes.
Japan has been a pioneer in smart home technology, with companies like Sony, Panasonic, and Toshiba growing their range of modern home appliances. Japanese smart homes feature power-efficient appliances and smart lighting structures, with a focus on power conservation and sustainability. Japanese smart home energy seamlessly combines traditional aesthetics with modern energy generation, resulting in homes that are both functional and aesthetically appealing.
In January 2022, Samsung Electronics partnered with the Home Connectivity Alliance to strengthen its smart home technology. This collaboration aims to introduce new valuable features to its product lineup. In addition, in August 2022, Amazon.com Inc. announced the launch of Soundbot, Wall Echo and other smart home devices as part of its annual model upgrades. The company's goal of beautifying its product hardware to stay competitive with other companies is aligned with this launch.
The Japanese market is seeing an increasing demand for a safe and secure living environment, especially for security features and individual tracking for the elderly. Since the Great East Japan Earthquake in 2011, Japan has focused on building robust and efficient smart houses and assistive devices. However, the lack of standard operating protocols and an electrical edge has hindered the growth of the smart home market. The Ministry of Economy, Trade and Industry and the Japan Smart Community Alliance (JSCA) have named the ECHONET Consortium's ECHONET Lite protocol as the most popular HEMS device in Japan.
In Japan, many new homeowners prefer modern homes equipped with ultra-modern technology.
New building applications are expected to drive the smart home market in Japan. New homeowners in Japan tend to look for modern homes equipped with the latest technological innovations. Smart home features, which allow for modern convenience, are sure to attract consumers looking for a modern living environment.
The infrastructure of a smart house, including wiring and networks, can be easily integrated into production, making it easier to adopt smart technologies. The Japanese government has implemented regulations and programs to encourage the use of green and smart technologies in new production, encouraging developers to incorporate these elements.
Key attributes:
Report AttributesDetailsNumber of Pages105Forecast Period2023 – 2032Estimated Market Value in 2023 (USD)$6.79 billionForecasted Market Value to 2032 (USD)$18.9 billionCAGR12.0%Target RegionJapan
Company Information: Overview, Recent Developments, Product Portfolio, Revenue
Panasonic Corporation, Sony Corporation, Samsung Corporation, Apple Inc., Schneider Electric, Amazon.com Inc, Honeywell International Inc.
Application – Japan's smart home market is divided into two perspectives
Products – Japan's smart home market is divided into 19 perspectives
Smart SpeakerInteractive Security SystemSmart ThermostatSurveillance CameraVideo DoorbellSmart Light BulbMotion SensorSmart Light SwitchDoor/Video SensorSmart Door LockSmart PlugSmart Smoke DetectorGarage Door OpenerSmart Electrical SocketSmart OvenSmart Window Shades/BlindsWater Leak/Moisture DetectorIrrigation Control SystemWater Shutoff System
Technology – Looking at Japan's smart home market from three perspectives
Wireless Communication Technology Cellular Network Technology Protocols and Standards
For more information on this report, please visit: https://www.researchandmarkets.com/r/5tffei
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Japan's smart home market