South-East Asia Smart Home Automation Market- Industry Trends & Forecast Report 2030 - PDF document

Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. South - East Asia Smart Home Automation Market - Industry Trends & Forecast Report 2030 Summary South - East Asia Smart Home Automation Market, By Product Type( Access Control Products ( Biometric Readers, Smart Card Readers, Smart Locks, Others), HVAC Control Products ( Actuators, Control Valves, Dampers, Sensors, Smart Thermostat, Smart Vents, Others), Lighting Control Products ( Dimmers, Relays, Sensors, Switches, Others), Surveillance Products (Security Cameras, Storage and Monitoring D evices, Others), Other Products ( Smart Smoke Detectors, Smart Meters, Others) By Country ( Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Rest of South East Asia); Trend Analysis, Competitive Market Share & Forecast, 2018 - 2030 A study c onducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the South - East Asia smart home automation market was worth USD 1.12 Billion in 2020. The market is furthe r estimated to grow at a stellar CAGR of 7.4 % up to USD 2.16 Billion over the forecast period 2021 - 2030. A smart home is a home setup wherein household electronic appliances are interconnected through the internet. Such smart electronic appliances could e asily be accessed remotely via smartphones, or other network - integrated devices for controlling room temperature (via smart - air - conditioners) andwashing of dishes(via smart dishwashers). What’s more, daily household chores such as washing and drying of lau ndry, etc., can easily be controlled using smart home automation . View report Press release Sample report Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. South - East Asia Smart Home Automation Market - Industry Trends & Forecast Report 2030 The South - East Asian smart home automation market was at USD 1.12 Billion in 2020 and is projected to reach USD 2.16 Billion by 2030, with a CAGR of 7.4 % over the forecast period 2021 - 2030. An increase in the demand for smart home security devices and appliances has promoted the growth of the smart home automation market in recent years. Moreover, the inc rease in disposable income, along with the increase in GDP, and the independence of South - East Asian regions in terms of product manufacturing are contributing to the market growth. What’s more, the future possibilities of devices to integrate with 5G tech nologies and networking has also initiated a wave of developments in this particular market. South - East Asia Smart Home Automation Market Overview A smart home is a home setup wherein household electronic appliances are interconnected through the internet. Such smart electronic appliances can be easily accessed remotely via smartphones, or other network - integrated devices for controlling room temperature. Important functions such as controlling room temperature during the summers and winters, and household chores such as the washing of dishes, washing, and drying of laundry, etc., can be easily controlled using smart home devices such as smart air - conditioners, smart dishwashers, and smart washing machines, respectively. A home automation system has three pr imary elements: sensors, controllers, and actuators. The controllers are the tools used for sending and receiving signals on PCs, tablets, or smartphones about the status of automated gadget’s functions and features at home. South - East Asian Smart Home Aut omation Market Forecast and Trends A rise in the Disposable Income The rise in disposable income in South Asia has had a strong effect on the region's lifestyle changes. This has piqued the interest of even general people towards high - living standards, the reby, facilitating the widespread acceptance of smart devices such as Smart TVs, Smart Home Theatre Systems, Laptops, Smart Lighting Solutions, Automated laundry Machines, and Smart Refrigerators in recent years. Moreover, consumers’ growing interest in sm art security devices such as security cameras, digital doorbells, motion sensors, and motion sensor lights has fueled the demand for similar devices, thus, enabling the industry to grow by leaps and bounds. Sustainable energy solutions One of the most impo rtant factors in determining whether or not a newly launched electronic product or technology would be widely accepted is its ability to provide long - term energy sustainability. This is only possible through technological advancements focused on energy con servation. Contemporary smart home automation systems have become highly energy efficient as a result of technological advances, such as solar panel power generation. Such technological advancements are helping a lot to drive the growth of the market in re cent years. Smart home automation products such as smart meters, smart thermostats, and home heating devices are capable of measuring the amount of electrical energy used by electrically powered devices in homes. Such intelligent electricity meters Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. can b e regulated from remote locations on a timely basis. Electricity consumption is metered in billing units (kilowatt/hour) in which billing cycles based on the electricity consumed over a cycle are produced by daily electricity meter readings. Residents may use a real - time tool for electricity metering to calculate their past, current, and future energy needs, which in turn allows them to maximize their power usage while lowering costs. Impact of COVID 19 on the South - East Asian Smart Home Automation Market T he growth of the South - East Asian smart home industry has been seriously disrupted by the COVID - 19 pandemic. Due to the spread of the virus, regional revenues are expected to decline by 5 - 10% this budget year. COVID - 19 also has had a significant negative i nfluence on global markets such as the United States and China. The disruption in China's supply chain has resulted in a drop in demand for smart home systems in the country. The decline in new construction projects and the temporary shutdown of all major manufacturing facilities are some of the factors limiting d emand growth in China. South - East Asian Smart Home Aut omation Segmentation: By Produc Based on product type, the market is segmented into - Access Control Products (Biometric Readers, Smart Card Readers, Smart Locks, and others); HVAC Control Products (Actuators, Control Valves, Dampers, Sensors, Smart Thermostat, Smart Vents, and others); Lighting Control Products (Dimmers, Relays, Sensors, Switches, and others); Surveillance Products (Security Cameras, Storage & Monitoring Devices, and others); Other Products (such as Smart Smoke Detectors, Smart Meters, etc.). Of all these, the lighting control segment is likely to witness the largest market shares over the forecast era 2021 - 2030. Intelligent l ighting control solutions, automatic HVAC controls, and other smart home control solutions are exploding in Indonesia's smart home market, thereby facilitating successful home controls while consuming less energy. Nowadays, homeowners in Indonesia prefer g reen measures to minimize their carbon footprint. Thus, growing levels of environmental awareness are one of the key drivers driving smart automated control home adoption across the country. South - East Asian Smart Home Automation Segmentation: Country Ana lysis Based on country, the market is segmented into Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Rest of South East Asia. Malaysia is expected to see the highest market growth with a stellar CAGR of 11% over the forecast period. F urthermore, Indonesia witnessed a significant increase in sales of intelligent lighting solutions, which totaled USD 296.9 million. The intelligent lighting solution segment in Indonesia is expected to maintain similar progress over the forecast period. In Vietnam, surveillance products dominate the whole market owing to their convenience factor. Consumers could quickly install intelligent home surveillance products without having to rewire or change the interior design. Also, there are several options avai lable for home surveillance systems at reasonable rates. Though smart surveillance solutions continue to Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. dominate the market, energy management would play an increasingly important role in the HVAC control systems market in the coming times. Competitive Landscape The key players for South - East Asian smart home automation market are AMX, Automated Living, Colorado vNet, Control4, Cortexa, Crestron, Electronics, Element Controls, iControl Networks, ELK Products, Lagotek, 4Home, Global Caché, Simply Automate d, Am - Source International, BTX Window Automation, CentraLite, Leviton, Lutron, Powerline Control Systems, Skyco, Osram, Phillips, Cree amongst several Others. Recent Developments ● In Jan 2021 Sony announced two new "Crystal LED" Modular Direct View Display Systems. The two new premium direct view LEDs — the modular Crystal LED C - series (ZRD - C12A/C15A) with high contrast, and B - series (ZRD - B12A/B15A) with high brightness, can be used for various applications, including corporate showrooms, lobbies, an d productions. ● In Dec 2020 Sony’s Funimation Global Group acquired AT&T’s Crunchyroll. Funimation Group is a joint venture between Sony Pictures Entertainment Inc. and Sony Music Entertainment (Japan) Inc.’s subsidiary, Aniplex Inc. Crunchyroll has over 3 million SVOD subscribers with 90 million registered users across more than 200 countries and territories. Scope of the Report Attribute Details Years Considered Historical data – 2018 - 2019 Base Year – 2020 Forecast – 2020 – 2030 Facts Covered Revenue in USD Billion Market Coverage Vietnam, Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, The Rest of South East Asia. Product/Service Segmentation By Product Type, By Country Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. Key Players AMX, Automated Living, Colorado vNet , Control4, Cortexa, Crestron, Electronics, Element Controls, iControl Networks, ELK Products, Lagotek, 4Home, Global Caché, Simply Automated, Am - Source International, BTX Window Automation, CentraLite, Leviton, Lutron, Powerline Control Systems, Skyco, Os ram, Phillips, Cree. Scope of the Report By Product Type ● Access Control Products i. Biometric Readers ii. Smart Card Readers iii. Smart Locks iv. Others ● HVAC Control Products i. Actuators ii. Control Valves iii. Dampers iv. Sensors v. Smart Thermostat vi. Smart Vents vii. Others ● Lighting Control Products i. Dimmers ii. Relays iii. Sensors iv. Switches v. Others Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. ● Surveillance Products i. Security Cameras ii. Storage and Monitoring Devices iii. Others ● Other Products i. Smart Smoke Detectors ii. Smart Meters iii. Others By Country ● Cambodia ● Indonesia ● Malaysia ● Philippines ● Singapore ● Thailand ● The Rest of South East Asia. Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe. About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Promising Growth Awaits South - East Asia Smart Home Automation Market: Expected to account for a CAGR of 7.4 % during the forecast timeframe.