Asia Pacific Smart Home Automation Market Size & Outlook
Asia Pacific smart home automation market, 2018-2030 (US$M)
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Asia Pacific smart home automation market highlights
- The Asia Pacific smart home automation market generated a revenue of USD 24,748.8 million in 2022.
- The market is expected to grow at a CAGR of 32.2% from 2023 to 2030.
- In terms of segment, security & access controls was the largest revenue generating product in 2022.
- Home Healthcare is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 24,748.8 million |
| Market revenue in 2030 | USD 230,668.6 million |
| Growth rate | 32.2% (CAGR from 2022 to 2030) |
| Largest segment | Security & access controls |
| Fastest growing segment | Home Healthcare |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Security & Access Controls, Lighting Control, Entertainment Devices, HVAC, Smart Kitchen Appliances, Home Appliances, Smart Furniture, Home Healthcare, Smart Speakers, Other Devices |
| Key market players worldwide | ABB Ltd, Crestron Electronics, Honeywell International Inc, Ingersoll Rand Inc, Johnson Controls International PLC, Legrand SA, Leviton Manufacturing, Lutron Electronics, Schneider Electric SE, Siemens AG, Snap One Holdings Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.8% of the global smart home automation market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 230,668.6 million by 2030.
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Smart Home Automation Market Scope
Smart Home Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific smart home automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart home automation market will help companies and investors design strategic landscapes.
Security & access controls was the largest segment with a revenue share of 34.36% in 2022. Horizon Databook has segmented the Asia Pacific smart home automation market based on security & access controls, lighting control, entertainment devices, hvac, smart kitchen appliances, home appliances, smart furniture, home healthcare, smart speakers, other devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period from 2023 to 2030. The regional growth can be attributed to the healthy rise in disposable income owing to macroeconomic stimulus.
Innovative technologies, such as voice-controlled smart home devices, and rising internet penetration which facilitates connected home automation, are driving the market growth in this region. Moreover, Asian economies such as China are home to large manufacturing hubs for home automation sensors and IoT devices, which further drives market growth.
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Our clientele includes a mix of smart home automation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart home automation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart home automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart home automation market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Home Automation Market Outlook Share, 2022 & 2030 (US$M)
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