The Asia Pacific Consumer IoT Market would witness market growth of 15.9% CAGR during the forecast period (2021-2027).
Factors like a massive adoption of smart devices and growth in the number of internet users are anticipated to create lucrative growth opportunities for the players operating in the market. Additionally, the market growth is further driven by the rise in awareness regarding fitness & growing disposable incomes in developing countries. Major consumer IoT makers like Honeywell International, Intel Corporation, and Siemens are willing to put high investments on technologically upgraded, cost-effective, and more safe products and solutions for several applications.
There is a constant rise in the demand for connected devices in the region, which is highly supporting the growth of the regional consumer IoT market over the forecast period. In addition, this region has the largest manufacturing hub across different developing nations like China and India that would surge the growth of IoT-based devices in the regional market. Further, the presence of key players in this region would boost the growth of the regional market.
Some of the growth catalysts for the regional market are the rising popularity of Voice assistants, smart lighting, smart thermostats, smart locks, security cameras, and smart doors among the consumers in the regional market. Some companies are adopting different strategies to increase their market share, which is further estimated to boost the growth of the regional consumer IoT market over the forecast years.
The China market dominated the Asia Pacific Consumer IoT Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $16.5 billion by 2027. The Japan market is anticipated to grow at a CAGR of 15.2% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 16.6% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on connectivity, the market is segmented into Wired and Wireless. Based on Vertical, the market is segmented into Home Automation, Automotive, Consumer Electronics, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Consumer IoT Market is Projected to reach USD 204.8 billion by 2027, at a CAGR of 15.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Schneider Electric SE, General Electric (GE) Co., Cisco Systems, Inc., NXP Semiconductors N.V., Texas Instruments, Inc., Intel Corporation, Qualcomm, Inc., and Honeywell International, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Processors
- Network Infrastructure
- Sensors
- Others
- Software
- Services
By Connectivity
By Vertical
- Home Automation
- Automotive
- Consumer Electronics
- Healthcare
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Schneider Electric SE
- General Electric (GE) Co.
- Cisco Systems, Inc.
- NXP Semiconductors N.V.
- Texas Instruments, Inc.
- Intel Corporation
- Qualcomm, Inc.
- Honeywell International, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Consumer IoT Market, by Component
1.4.2 Asia Pacific Consumer IoT Market, by Connectivity
1.4.3 Asia Pacific Consumer IoT Market, by Vertical
1.4.4 Asia Pacific Consumer IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar – 2021, Sep) Leading Players
Chapter 4. Asia Pacific Consumer IoT Market by Component
4.1 Asia Pacific Hardware Market by Country
4.2 Asia Pacific Hardware Market by Type
4.2.1 Asia Pacific Processor Market by Country
4.2.2 Asia Pacific Network infrastructure Market by Country
4.2.3 Asia Pacific Sensors Market by Country
4.2.4 Asia Pacific Others Hardware Type Consumer IoT Market by Country
4.3 Asia Pacific Software Market by Country
4.4 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Consumer IoT Market by Connectivity
5.1 Asia Pacific Wired Market by Country
5.2 Asia Pacific Wireless Market by Country
Chapter 6. Asia Pacific Consumer IoT Market by Vertical
6.1 Asia Pacific Home Automation Market by Country
6.2 Asia Pacific Automotive Market by Country
6.3 Asia Pacific Consumer Electronics Market by Country
6.4 Asia Pacific Healthcare Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Consumer IoT Market by Country
7.1 China Consumer IoT Market
7.1.1 China Consumer IoT Market by Component
7.1.2 China Hardware Market by Type
7.1.3 China Consumer IoT Market by Connectivity
7.1.4 China Consumer IoT Market by Vertical
7.2 Japan Consumer IoT Market
7.2.1 Japan Consumer IoT Market by Component
7.2.2 Japan Hardware Market by Type
7.2.3 Japan Consumer IoT Market by Connectivity
7.2.4 Japan Consumer IoT Market by Vertical
7.3 India Consumer IoT Market
7.3.1 India Consumer IoT Market by Component
7.3.2 India Hardware Market by Type
7.3.3 India Consumer IoT Market by Connectivity
7.3.4 India Consumer IoT Market by Vertical
7.4 South Korea Consumer IoT Market
7.4.1 South Korea Consumer IoT Market by Component
7.4.2 South Korea Hardware Market by Type
7.4.3 South Korea Consumer IoT Market by Connectivity
7.4.4 South Korea Consumer IoT Market by Vertical
7.5 Singapore Consumer IoT Market
7.5.1 Singapore Consumer IoT Market by Component
7.5.2 Singapore Hardware Market by Type
7.5.3 Singapore Consumer IoT Market by Connectivity
7.5.4 Singapore Consumer IoT Market by Vertical
7.6 Malaysia Consumer IoT Market
7.6.1 Malaysia Consumer IoT Market by Component
7.6.2 Malaysia Hardware Market by Type
7.6.3 Malaysia Consumer IoT Market by Connectivity
7.6.4 Malaysia Consumer IoT Market by Vertical
7.7 Rest of Asia Pacific Consumer IoT Market
7.7.1 Rest of Asia Pacific Consumer IoT Market by Component
7.7.2 Rest of Asia Pacific Hardware Market by Type
7.7.3 Rest of Asia Pacific Consumer IoT Market by Connectivity
7.7.4 Rest of Asia Pacific Consumer IoT Market by Vertical
Chapter 8. Company Profiles
8.1 Microsoft Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.1 Recent strategies and developments:
8.1.1.1 Partnerships, Collaborations, and Agreements:
8.1.2 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental And Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 General Electric (GE) Co.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Cisco Systems, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisitions and Mergers:
8.5.5.3 Product launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 NXP Semiconductors N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisitions and Mergers:
8.6.5.3 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Texas Instruments, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.6 SWOT Analysis
8.8 Intel Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent Strategies and Developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Qualcomm, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisitions and Mergers:
8.9.5.3 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.1 Honeywell International, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.6 SWOT Analysis
TABLE 1 Asia Pacific Consumer IoT Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Consumer IoT Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Consumer IoT Market
TABLE 4 Product Launches And Product Expansions– Consumer IoT Market
TABLE 5 Acquisition and Mergers– Consumer IoT Market
TABLE 6 Asia Pacific Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 7 Asia Pacific Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 8 Asia Pacific HardwareMarket by Country, 2017 - 2020, USD Million
TABLE 9 Asia Pacific HardwareMarket by Country, 2021 - 2027, USD Million
TABLE 10 Asia Pacific Hardware Market by Type, 2017 - 2020, USD Million
TABLE 11 Asia Pacific Hardware Market by Type, 2021 - 2027, USD Million
TABLE 12 Asia Pacific Processor Market by Country, 2017 - 2020, USD Million
TABLE 13 Asia Pacific Processor Market by Country, 2021 - 2027, USD Million
TABLE 14 Asia Pacific Network infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 15 Asia Pacific Network infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Sensors Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Sensors Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Others Hardware Type Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Others Hardware Type Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Software Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Software Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific Services Market by Country, 2017 - 2020, USD Million
TABLE 23 Asia Pacific Services Market by Country, 2021 - 2027, USD Million
TABLE 24 Asia Pacific Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 25 Asia Pacific Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 26 Asia Pacific Wired Market by Country, 2017 - 2020, USD Million
TABLE 27 Asia Pacific Wired Market by Country, 2021 - 2027, USD Million
TABLE 28 Asia Pacific Wireless Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 29 Asia Pacific Wireless Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 30 Asia Pacific Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 31 Asia Pacific Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 32 Asia Pacific Home Automation Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 33 Asia Pacific Home Automation Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 34 Asia Pacific Automotive Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 35 Asia Pacific Automotive Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 36 Asia Pacific Consumer Electronics Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 37 Asia Pacific Consumer Electronics Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 38 Asia Pacific Healthcare Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 39 Asia Pacific Healthcare Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 40 Asia Pacific Others Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 41 Asia Pacific Others Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 42 Asia Pacific Consumer IoT Market by Country, 2017 - 2020, USD Million
TABLE 43 Asia Pacific Consumer IoT Market by Country, 2021 - 2027, USD Million
TABLE 44 China Consumer IoT Market, 2017 - 2020, USD Million
TABLE 45 China Consumer IoT Market, 2021 - 2027, USD Million
TABLE 46 China Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 47 China Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 48 China Hardware Market by Type, 2017 - 2020, USD Million
TABLE 49 China Hardware Market by Type, 2021 - 2027, USD Million
TABLE 50 China Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 51 China Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 52 China Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 53 China Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 54 Japan Consumer IoT Market, 2017 - 2020, USD Million
TABLE 55 Japan Consumer IoT Market, 2021 - 2027, USD Million
TABLE 56 Japan Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 57 Japan Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 58 Japan Hardware Market by Type, 2017 - 2020, USD Million
TABLE 59 Japan Hardware Market by Type, 2021 - 2027, USD Million
TABLE 60 Japan Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 61 Japan Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 62 Japan Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 63 Japan Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 64 India Consumer IoT Market, 2017 - 2020, USD Million
TABLE 65 India Consumer IoT Market, 2021 - 2027, USD Million
TABLE 66 India Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 67 India Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 68 India Hardware Market by Type, 2017 - 2020, USD Million
TABLE 69 India Hardware Market by Type, 2021 - 2027, USD Million
TABLE 70 India Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 71 India Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 72 India Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 73 India Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 74 South Korea Consumer IoT Market, 2017 - 2020, USD Million
TABLE 75 South Korea Consumer IoT Market, 2021 - 2027, USD Million
TABLE 76 South Korea Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 77 South Korea Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 78 South Korea Hardware Market by Type, 2017 - 2020, USD Million
TABLE 79 South Korea Hardware Market by Type, 2021 - 2027, USD Million
TABLE 80 South Korea Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 81 South Korea Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 82 South Korea Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 83 South Korea Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 84 Singapore Consumer IoT Market, 2017 - 2020, USD Million
TABLE 85 Singapore Consumer IoT Market, 2021 - 2027, USD Million
TABLE 86 Singapore Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 87 Singapore Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 88 Singapore Hardware Market by Type, 2017 - 2020, USD Million
TABLE 89 Singapore Hardware Market by Type, 2021 - 2027, USD Million
TABLE 90 Singapore Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 91 Singapore Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 92 Singapore Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 93 Singapore Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 94 Malaysia Consumer IoT Market, 2017 - 2020, USD Million
TABLE 95 Malaysia Consumer IoT Market, 2021 - 2027, USD Million
TABLE 96 Malaysia Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 97 Malaysia Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 98 Malaysia Hardware Market by Type, 2017 - 2020, USD Million
TABLE 99 Malaysia Hardware Market by Type, 2021 - 2027, USD Million
TABLE 100 Malaysia Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 101 Malaysia Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 102 Malaysia Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 103 Malaysia Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 104 Rest of Asia Pacific Consumer IoT Market, 2017 - 2020, USD Million
TABLE 105 Rest of Asia Pacific Consumer IoT Market, 2021 - 2027, USD Million
TABLE 106 Rest of Asia Pacific Consumer IoT Market by Component, 2017 - 2020, USD Million
TABLE 107 Rest of Asia Pacific Consumer IoT Market by Component, 2021 - 2027, USD Million
TABLE 108 Rest of Asia Pacific Hardware Market by Type, 2017 - 2020, USD Million
TABLE 109 Rest of Asia Pacific Hardware Market by Type, 2021 - 2027, USD Million
TABLE 110 Rest of Asia Pacific Consumer IoT Market by Connectivity, 2017 - 2020, USD Million
TABLE 111 Rest of Asia Pacific Consumer IoT Market by Connectivity, 2021 - 2027, USD Million
TABLE 112 Rest of Asia Pacific Consumer IoT Market by Vertical, 2017 - 2020, USD Million
TABLE 113 Rest of Asia Pacific Consumer IoT Market by Vertical, 2021 - 2027, USD Million
TABLE 114 key information – Microsoft Corporation
TABLE 115 Key information – IBM Corporation
TABLE 116 Key information – Schneider Electric SE
TABLE 117 Key Information – General Electric (GE) Co.
TABLE 118 Key Information – Cisco Systems, Inc.
TABLE 119 Key Information – NXP Semiconductors N.V.
TABLE 120 Key Information – Texas Instruments, Inc.
TABLE 121 Key Information – Intel Corporation
TABLE 122 Key Information – Qualcomm, Inc.
TABLE 123 Key information – Honeywell International, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar – 2021, Sep) Leading Players
FIG 5 SWOT Analysis: Microsoft Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Swot analysis: Schneider Electric SE
FIG 8 Recent strategies and developments: General Electric (GE) Co.
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Recent strategies and developments: Cisco Systems, Inc.
FIG 11 SWOT Analysis: Cisco Systems, Inc.
FIG 12 Recent strategies and developments: NXP Semiconductors N.V.
FIG 13 Swot analysis: NXP semiconductors N.V.
FIG 14 SWOT Analysis: Texas Instruments, Inc.
FIG 15 Recent Strategies and Developments: Intel Corporation
FIG 16 SWOT analysis: Intel corporation
FIG 17 Recent strategies and developments: Qualcomm, Inc.
FIG 18 SWOT Analysis: Qualcomm, Inc.
FIG 19 Swot analysis: Honeywell international, inc.