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Global Japan Smart Home Market Anticipates Urbanized Population to Bolster Growth of the Market

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Published on : Nov 30, 2017

ALBANY, New York, November 30, 2017: The Japan smart home market has been minutely examined in a market research report by ResearchMoz.us, bearing the title “Global Japan Smart Home Market Research Report 2017.” The 72-page report has provided a wide overview of the market along with a detailed study of the category of product type. Each and every segment has been meticulously and comprehensively analyzed in the report to offer a deep insight into the market.

The competitive trends and situation prevalent in the Japan smart home market have been expansively detailed in the publication. In the same section, it has placed importance on mergers and acquisitions, expansion, market shares of top three and five companies, and the market concentration rate. It has also analyzed the competition in the market as per various elements deemed significant on the part of manufacturers, viz. average price, product type, revenue, sales area, production, manufacturing base distribution, and shares between 2015 and 2016.

According to this report, the market of Japan smart home is forecasted to reach US$ 5 bn by 2024 expanding at a double digit CAGR. Much of the growth is attributed to the massive urbanization. Two-thirds of the land in Japan is mountainous and thus more than 90% of the total population lives in the cities. Such heavy urbanization provides ample scope for consumer real estate business, consumer goods, communication manufactures, and so on.

Japanese government has introduced and implemented a common and uniform standard for the manufacturers of smart home equipment. This initiative the Japanese government has facilitated the growth of the smart home market. Most of the Asian countries lack such common standards. As such manufacturers of consumer electronics and housing equipment produce their devices with various standard resulting in the integration issues for the smart home industry.

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The market of Japan smart home has been categorized by product. The category has further been segmented into home entertainment, energy management, home automation, ambient assisted living (AAL), and security. Amongst these segments, energy management and home automation segments have a collective share of 60% of the total market share in 2016, as mentioned in the report. Following the earthquake of 2011 that devastated Japan, the government has taken up conservation and management of energy as the primary area to focus on.

Japan has one of the few countries with highest life expectancy. The rising number of aging population is also to drive the growth of Japan smart home market. This segment of the population would continue to entice the household to install wellness and health solutions.

Japan being a mountainous country has most of its population concentrated in cities like Tokyo, Hiroshima, Kyoto, Sapporo, Kobe, Osaka, Nagoya, Kawasaki, Yokohama, and so on. Thus we see increasing demand for smart home in these areas while the demand for the same is negligible for in the rural and mountainous areas not only owing to remoteness of the areas but also for sparse population of those areas. 
Some of the top companies assessed in the report are Panasonic Corporation, Connected Design Inc., Secual Inc., iTSCOM , and Sony Corporation. Each of the manufacturers profiled in the report has been carefully evaluated on the basis of several factors such as market share, revenue, production, price, and capacity. The section has also provided a basis overview of each of these players, including their competitors, specifications, applications, and products.

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