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(I-SoftwareNews.Com, April 24, 2018 ) 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.
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Scope of the Report:
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.
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.
Japan Smart Home Market - Application Areas
Control and Connectivity (Home Automation)
Comfort and Lighting (Home Automation)
Home Entertainment
Smart Appliances
Energy Management
Security Application
Japan Smart Home - Key Company Profiles
Panasonic Corporation
Sony Corporation
iTSCOM
Secual Inc
Connected Design Inc
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Some of the Points cover in Report “Japan Smart Home Market, Volume, Household Penetration and Key Company Analysis -Forecast to 2024” is:
Executive Summary
Japan Smart Home Market Analysis to 2024
2.1 Japan Smart Home Market and Forecast
2.2 Japan Smart Home Number and Forecast
2.3 Japan Smart Home - Household Penetration and Forecast
Japan Smart Home Market Share Analysis to 2024
3.1 Japan Smart Home Market Share - By Application Areas
3.2 Japan Smart Home Active Households Share - By Application Areas
Japan Smart Home Market, Number of Active Households & Households Penetration - By Application Areas
Japan Smart Home Standardization Policy
Japan Smart Home - Key Company Profiles
6.1 Panasonic Corporation
6.1.1 Company Overview
6.1.2 Smart Home Products
6.1.3 Recent Initiatives & Strategy in Smart Homes
6.2 Sony Corporation
6.2.1 Company Overview
6.2.2 Smart Home Products
6.2.3 Recent Initiatives & Strategy in Smart Homes
6.3 iTSCOM
6.3.1 Company Overview
6.3.2 Smart Home Products
6.3.3 Recent Initiatives & Strategy in Smart Homes
6.4 Secual Inc
6.4.1 Company Overview
6.4.2 Smart Home Products
6.4.3 Recent Initiatives & Strategy in Smart Homes
6.5 Connected Design Inc
6.5.1 Company Overview
6.5.2 Smart Home Products
6.5.3 Recent Initiatives & Strategy in Smart Homes
Japan Smart Home - Driving Factors
7.1 Policies & Initiatives Driving Smart Homes
7.2 Key Measures Promoting the Spread of Smart Houses
7.3 IoT Drives Smart Home Market
7.4 Cost Savings Due to The Adoption of Energy Conservation Systems
7.5 Urbanization, Increasing Awareness & Concern for Monitoring Elderly People
7.6 Development of Connected Innovative Products
Japan Smart Home - Challenges
8.1 Security and Privacy Breach Concern
8.2 Cyber Security Concerns
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Source: EmailWire.Com 
Source: EmailWire.com
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