Asia-Pacific Smart Home Market is predicted to reach USD 121.56 Billion by 2030

According to the study by Next Move Strategy Consulting, the Asia-Pacific Smart Home Market size is predicted to reach USD 121.56 billion, at a CAGR of 21.9% by 2030.

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The Asia-Pacific region is poised to experience a surge in demand for the smart home market share, largely driven by the prevalence of high smartphone penetration rates, particularly in countries such as China and India.

Moreover, the Asia-Pacific smart home market growth is further propelled by the presence of key market players such as Samsung and LG.

China stands out with its remarkable smartphone penetration rates, laying a sturdy groundwork for the widespread embrace of smart home devices.

Several market players operating in the Asia-Pacific smart home industry include LG Electronics, ASSA ABLOY, Amazon Inc., Samsung Electronics, Sony, Emerson Electronic Co., Johnson Controls International PLC, Centrica Connected Home Limited, Resideo Technologies Inc., Apple Inc., and others.