Uploaded on Feb 4, 2020
iGATE Research has released a research report on “Malaysia Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025” Click here to view the complete report: www.igateresearch.com Contact US iGATE Research PVT LTD Ravi Sinha Sales Manager Marketing and Sales Divison Email: [email protected] Contact: +91-858-684-0791, +91-821-092-7469 (INDIA) Web: www.igateresearch.com
Malaysia Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025
Malaysia Smart Home Market - Overview
The Malaysian smart home market is expected to exceed US$ 235 Million by 2025. Smart homes are the residences that
are equipped with information and computing technology devices that anticipates and responds to the requirement of
the owner in an effective and efficient manner. There is a growing demand in the Malaysia market for safe and secure
living environment, especially concerning safety functionalities and discrete monitoring for elderly people.
In Malaysia, the people aged 65 or over account for around 6.5 percent of the total population. This demographic trend
is expected to continue and will significantly influence social and economic structures. Also, the explosive population
growth and dynamic shift in urban sprawl, coupled with the economic growth of megacities in the emerging economies,
would pose a variety of opportunities for companies operating in the smart home market segment. According to the
worldmeters, in 2018, 77.3% of the Malaysian population lived in urban area. By 2030, roughly 83.4% of the population
is expected to live in urban areas. This creates an enormous opportunity for the smart home market players.
Malaysia - Smart Home Market (Million US$), 2015-2018
Note: Dummy Data, Actual figures given in the report
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Malaysia Smart Home Market and Forecast
The Malaysia smart home market is driven by factors such as significantly growing IoT market, cost
reduction measures enabled by home automation systems, manufacturers expanding their product
portfolios, and increasing importance of home monitoring from remote locations. With the increasing
demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to
privacy and security breach are restraining the growth of the smart home market.
Malaysia – Forecast For Smart Home Market (Million US$), 2019-2025
Note: Dummy Data, Actual figures given in the report
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Malaysia Smart Home Market - By Application Areas
By Application Areas – Malaysia Smart Home Market Share (Percent), 2018
• Smart Appliances captured
maximum share of the Malaysia
smart home market.
• Security is the second largest
application segment of the Malaysia
smart home market, being followed
by Home Entertainment.
• Energy Management application By Application Areas – Forecast for Malaysia Smart Home Market Share (Percent), 2025
segment captured least share of the
Smart Home market.
• The average revenue per Smart
Home in the Comfort and Lighting
segment currently amounts to US$
44.
Note: Dummy Data, Actual figures given in the report
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Malaysia Smart Home Active Households - By Application Areas
By Application Areas – Active Households Market Share (Percent), 2018
• Control and Connectivity
segment captured highest share
of the Malaysia Smart Home
active households in 2018, being
followed by Home Entertainment
and Comfort and Lighting
segment.
• In Malaysia, the household
penetration for Security By Application Areas – Forecast for Active Households Market Share (Percent), 2025
applications is expected to hit
around 7.2% by 2025.
• Energy Management application
captured least share of the Smart
Home active households in 2018.
Note: Dummy Data, Actual figures given in the report
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iGATE RESEARCH report titled “Malaysia Smart Home Market,
Number, Household Penetration & Key Company Analysis - Forecast
to 2025” provides a comprehensive assessment of the fast-evolving,
high-growth Malaysia Smart Home Industry.
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This 130 Page report with 43 Figures and 4 Tables has been analyzed from 7 viewpoints:
1. Malaysia Smart Home Market, Volume, Household Penetration & Forecast (2017 - 2025)
2. Malaysia Smart Home Market Share Analysis - By Application Areas (2017 - 2025)
3. Malaysia Smart Home Active Households Share - By Application Areas (2017 - 2025)
4. Malaysia Smart Home Market, Number of Active Households & Households Penetration - By Application Areas (2017 - 2025)
5. Malaysia Smart Home Government Initiatives
6. Malaysia Smart Home Market - Key Company Profiles
7. Malaysia Smart Home Market - Growth Drivers and Challenges
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Malaysia 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
Malaysia Smart Home - Key Company Profiles
1. Panasonic Corporation 7. Google
2. Sony Corporation 8. Vitamix
3. Samsung Electronics Co., Ltd. 9. Dyson
4. LG Electronics Inc. 10. KOHLER
5. Philips 11. Lutron
6. XIAOMI
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Report Title:
“Malaysia Smart Home Market, Number, Household Penetration
& Key Company Analysis - Forecast to 2025”
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