American consulting firm A.T. Kearney has published a report forecasting that the Asian smart home market will reach US$116 billion in sales by 2030, accounting for 30% of the global share.
American consulting firm A.T. Kearney has published a report forecasting that the Asian smart home market will reach US$116 billion in sales by 2030, accounting for 30% of the global share.
The report also predicts that the Asia smart home market will surpass Europe by 2027 and North America by 2030.
Two market forces driving the growth are China and Japan. While Japan plays an initial lead in the market, China is expected to take over by 2020, according to the report. In addition, other highly-connected countries such as Singapore, South Korea and Taiwan will play key roles in the market.
The rising household income will be the main reason for China to take over the smart home market. ...