Design Inc.

Sep 6, 2021

Intellasia East Asia News 06-Sep-2021 Intellasia | BusinessWire | 5:46 PM The Japan smart home market is predicted to surpass US$ 13 Billion by 2027. There is a growing demand in the Japanese market for safe and secure living environments, especially concerning safety functionalities and discrete monitoring for elderly people; also, since the Great East Japan Earthquake in 2011, Japan has been focused on building energy efficient smart homes and supportive devices. In Japan, household penetration for smart home applications is estimated at around 13% in 2020. The lack of standard operational protocols and electrical interfaces has previously impeded the growth of smart home market. The Ministry of Trade, Economy, and Industry, together with the JSCA (Japan Smart Community Alliance), designated the ECHONET Consortium's ECHONET Lite protocol as the country's recommended standard for HEMS equipment. The growth of the smart home market is attributed to factors such as significantly growing IoT market, cost reduction measures enabled by home automation systems, large number of manufacturers expanding their product portfolios, and increasing importance of home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart home market. The COVID-19 outbreak has become a global stress test. The home automation market has developed at a rapid rate in recent years, a trend which has been partially accelerated by COVID-19 and the fact that people have been forced to spend more time in their homes due to lockdown measures. The burden of household chores has increased during COVID-19, and smart appliances that help people save time will benefit. Furthermore, accessibility to smart home devices has dramatically increased, due to the ongoing growth in penetration of broadband amongst Japan households, as well as the continued rise in the number of people owning smartphones. The report provides a comprehensive assessment of the fast-evolving, high-growth Japan Smart Home Industry. This report has been analyzed from 10 viewpoints: Japan Smart Home Market, Volume, Household Penetration & Forecast (2015 - 2027) Impact of COVID-19 on Japan Smart Home Market By Application Areas - Japan Smart Home Market Share Analysis (2015 - 2027) By Product Segment - Japan Smart Home Market Share Analysis (2015 - 2027) By Application Areas - Japan Smart Home Active Households Share (2015 - 2027) By Application Areas - Japan Smart Home Market, Number of Active Households & Households Penetration (2015 - 2027) By Product Segment - Japan Smart Home Market Analysis (2015 - 2027) Japan National Smart Home Standardization Policy Japan Smart Home Market - Key Company Profiles Japan Smart Home Market - Growth Drivers and Challenges Key Company Profiles 3. Japan Smart Home Market Analysis to 2027 3.1 Japan Smart Home Market and Forecast 3.2 Japan Smart Home Number and Forecast 3.3 Japan Smart Home - Household Penetration and Forecast 4. Japan Smart Home Market Share Analysis to 2027 4.1 Japan Smart Home Market Share - By Application Areas 4.2 Japan Smart Home Active Households Share - By Application Areas 4.3 Japan Smart Home Market Share - By Product Type 5. Japan Smart Home Market, Number of Active Households & Households Penetration - By Application Areas 6. Japan Smart Home Market - By Product Type Market Analysis to 2027 8. Japan Smart Home Market - Key Company Profiles 8.1 Panasonic Corporation