South East Asia Smart Home Automation Market

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 Devices, 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

  • Published Date: March 2021
  • Report ID: BWC20293
  • Available Format: PDF
  • Page: 177

Report 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.

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 increase 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 technologies and networking has also initiated a wave of developments in this particular market. 

Source : Blueweave Consulting

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 primary 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 Automation 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, thereby, 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 smart 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 important 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 conservation. 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 recent 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 can be 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

 

The 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 influence 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 demand growth in China.

South-East Asian Smart Home Automation Segmentation: By Product

 

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 lighting 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 green 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 Analysis

 

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. Furthermore, 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 available for home surveillance systems at reasonable rates. Though smart surveillance solutions continue to dominate the market, energy management would play an increasingly important role in the HVAC control systems market in the coming times.

 

Source: BlueWeave Consulting

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 Automated, 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, and 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

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, Osram, 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

 

      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.

 

Frequently Asked Questions :

 

Question 1: What is the current size of the South-East Asian smart home automation market?

Answer: The South-East Asian smart home automation market has reached USD 2.86 Billion in 2020.

 

Question 2: What are the major factors driving the growth of the South-East Asia smart home automation market?

Answer: The major factors driving the growth of the South-East Asia smart home automation market are-

1. The rise in the disposable income of South-East Asian populations.

2. Sustainable energy-related solutions.

Question 3: Who are the key players in the South-East Asian smart home automation market?

Answer: 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, Osram, Phillips, Cree.

Question 4: Which segment accounted for the largest South-East Asian smart home automation market share under product type segmentation?

Answer: The segment that accounted for the largest South-East Asian smart home automation market share under product type segmentation is the lighting controller products.

Question 5: Which country is expected to gain the largest of the South-East Asian smart home automation market share value by the end of the forecast period?

Answer: Indonesia is expected to gain the largest of the South-East Asian smart home automation market share value by the end of the forecast period.