Japan and South Korea Smart Home Market Primary and Secondary Research with Industry Trends, Volume, Investment, Key Players and Forecast 2024

OrbisResearch.com has published new research report on "Japan and South Korea Smart Home Market, Volume, Household Penetration and Key Company Analysis - Forecast to 2024" to its database.

Japan Smart Home Market, Volume, Household Penetration and Key Company Analysis-Forecast to 2024:

The Japanese smart home market is likely to almost fivefold by the year 2024 from its current level in 2017. Smart home is a system that allows home owner to control and monitor different devices in home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet. In Japan, there is a demand for a safe and secure living environment, especially concerning safety functionalities and discrete monitoring for elderly people.

Browse The Report on Japan Smart Home Market: http://orbisresearch.com/reports/index/japan-smart-home-market-volume-household-penetration-and-key-company-analysis-forecast-to-2024

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. Echonet Lite was approved as an HEMS standard protocol in Japan by METI and then became an ISO/IEC international standard.

The growth of 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.

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Report Highlights
The Japanese smart home market was valued close to US$ 1.5 Billion in 2016.

The number of smart home in Japan is anticipated to reach nearly 7 Million by 2024.

In Japan, household penetration for smart home applications is estimated at around 10% in 2016.

In February 2012, Smart House Standardization Council recommended ECHONET Lite as the public and standard interface for HEMS in Japan.

Japan Smart Home Market - By Application Areas

Smart Appliances captured maximum share of the Japan smart home market in 2016.

Home Entertainment is the second largest application segment of the Japan smart home market, being followed by Control and Connectivity segment.

The revenue in the Japan Smart Home Energy Management segment is expected to surpass US$ 1 Billion by 2024.

Security is the fourth largest application of the Japan smart home market.

Japan Smart Home Active Households - By Application Areas

Control and Connectivity segment captures highest share of the Japan Smart Home active households in 2016, being followed by Home Entertainment segment.

Comfort and Lighting segment accounted for over 18% share of the Smart Home active households in 2016.

Security application captured least share of the Smart Home active households in 2016.

This 101 Page report with 43 Figures and 4 Tables has been analyzed from 7 viewpoints:
1. Japan Smart Home Market, Volume, Household Penetration & Forecast (2015 - 2024)
2. Japan Smart Home Market Share Analysis - By Application Areas (2015 - 2024)
3. Japan Smart Home Active Households Share - By Application Areas (2015 - 2024)
4. Japan Smart Home Market, Number of Active Households & Households Penetration - By Application Areas (2015 - 2024)
5. Japan National Smart Home Standardization Policy
6. Japan Smart Home - Key Company Profiles
7. Japan Smart Home - Growth Drivers and Challenges

Japan Smart Home Market - Application Areas
1. Control and Connectivity (Home Automation)
2. Comfort and Lighting (Home Automation)
3. Home Entertainment
4. Smart Appliances
5. Energy Management
6. Security Application

Japan Smart Home - Key Company Profiles
Panasonic Corporation
Sony Corporation
iTSCOM
Secual Inc
Connected Design Inc

South Korea Smart Home Market, Volume, Household Penetration and Key Company Analysis-Forecast to 2024:

The South Korea smart home market is likely to fivefold by the year 2024 from its current level in 2016. Smart home is a system that allows home owner to control and monitor different devices in the home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet. The growth of 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.

Browse The Report on South Korea Smart Home Market: http://orbisresearch.com/reports/index/south-korea-smart-home-market-volume-household-penetration-and-key-company-analysis-forecast-to-2024

The South Korea smart home market is anticipated to reach nearly US$ 5 Billion by 2024.

In South Korea, household penetration for smart home applications is expected to hit XX% by 2024.

Increasing mobility is one of the emerging trends driving the smart home market.

South Korea Smart Home Market - By Application Areas

Smart Appliances captured maximum share of the South Korea smart home market in 2016.

Control and Connectivity is the second largest application segment of the South Korea smart home market capturing XX% share in 2016.

The Smart Home Entertainment segment is expected to show a compound annual growth rate of over 12% during the period 2017 - 2024.

The security application segment is likely to capture nearly 15% share of the South Korea smart home market by 2024.

In 2016, the revenue in the Comfort and Lighting segment amounts to US$ XXX Million.

The revenue in the South Korean Smart Home Energy Management segment is expected to reach close to US$ 600 Million by 2024.

Request a Free Sample of The Report on South Korea Smart Home Market: http://orbisresearch.com/contacts/request-sample/1005556

South Korea Smart Home Active Households - By Application Areas

Control and Connectivity segment captures highest share of the South Korea Smart Home active households in 2016, being followed by Comfort and Lighting segment.

Smart Appliances and Home Entertainment applications are competing very closely with each other to grab maximum share of the Smart Home active households.

Security application captured least share of the Smart Home active households in 2016.

This 100 Page report with 40 Figures and 4 Tables has been analyzed from 7 viewpoints:
1. South Korea Smart Home Market, Household Penetration & Forecast (2015 - 2024)
2. South Korea Smart Home Market Share Analysis - By Application Areas (2015 - 2024)
3. South Korea Smart Home Active Households Share - By Application Areas (2015 - 2024)
4. South Korea Smart Home Market, Number of Active Households & Households Penetration - By Application Areas (2015 - 2024)
5. South Korea National Smart Home Standardization
6. South Korea Smart Home - Key Company Profiles
7. South Korea Smart Home - Growth Drivers and Challenges

South Korea Smart Home Market - Application Areas
1. Control and Connectivity (Home Automation)
2. Comfort and Lighting (Home Automation)
3. Home Entertainment
4. Smart Appliances
5. Energy Management
6. Security Application

South Korea Smart Home - Key Company Profiles
Samsung Electronics Co., Ltd.
LG Electronics Inc.
SK Telecom
KT Corp
Hancom MDS Inc. (The former MDS Technology Co., Ltd.)

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Release ID: 290991