The demand for smart home security camera in Japan is expected to reach USD 554.5 million in 2024, compared to USD 484.6 million in 2023. The sales of smart home security camera are projected to continue at a phenomenal rate from 2024 to 2034, with a CAGR of 15.4%. By 2034, the sales of smart home security camera in Japan are forecasted to reach USD 2,328.9 million.
Attributes | Details |
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Industry Size for Japan in 2024 | USD 554.5 million |
Expected Industry Size for Japan by 2034 | USD 2,328.9 million |
Forecasted CAGR between 2024 to 2034 | 15.4% |
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Wired smart camera have the edge over wireless smart camera in Japan. For 2024, the industry share by connectivity of wired smart camera is tipped to be 70.4% in Japan.
Wired smart camera have earned the trust of consumers in Japan. Although technologically advanced, wireless smart camera are also prone to hacking. Thus, wired smart camera are being relied upon by consumers in Japan.
Demand for Smart Home Security Camera in Japan Based on Connectivity | Wired Smart Camera |
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Industry Share in 2024 | 70.4% |
People in Japan flock to physical stores to get hold of smart home security camera. For 2024, the industry share of physical stores/offline is predicted to be 70.9%.
While the eCommerce sector is growing, consumers in Japan still prefer the offline mode to buy smart home security camera. Physical stores allow for a closer inspection of the product before it is purchased. Thus, more confidence is placed in the offline mode by consumers in Japan.
Demand for Smart Home Security Camera in Japan Based on Sales Channel | Physical Stores/Offline |
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Industry Share in 2024 | 70.9% |
The landscape of smart home security camera in Japan is saturated with several local companies. Furthermore, multinational foreign giants have also made an impact in Japan, establishing a foothold in the country. Advancements in technology are considered a must by industry players to maintain strong positions. Japan-based industry players also focus on exports out of Japan.
Recent Developments Observed in Smart Home Security Camera in Japan
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Attribute | Details |
---|---|
Estimated Industry Size in 2024 | USD 554.5 million |
Projected Industry Size by 2034 | USD 2,328.9 million |
Anticipated CAGR between 2024 to 2034 | 15.4% CAGR |
Historical Analysis of Demand for Smart Home Security Camera in Japan | 2019 to 2023 |
Demand Forecast for Smart Home Security Camera in Japan | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Smart Home Security Camera in Japan, Insights on Global Players and Leading Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Providers |
Key Companies Profiled | Vivint Smart Home Inc.; ADT LLC; Simplisafe Inc.; Brinks Home Security; Skylinkhome; Samsung Electronics Co. Ltd.; Frontpoint Security Solutions LLC; Arlo Technologies Inc.; Wyze Labs Inc.; Blink; Ring LLC |
Key Cities Analyzed | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
The industry size of smart home security camera in Japan is estimated to be USD 554.5 million in 2024.
Demand for smart home security camera is expected to develop at an extraordinary CAGR of 15.4% through 2034.
The industry size for smart home security camera is forecasted to reach USD 2,328.9 million in Japan by 2034.
Wired security camera is commonly preferred in Japan.
Concerns relating to security and the increasing adoption of technology are two of the factors supporting the growth of smart home security camera in Japan.
Estimated Market Size in 2024 | USD 8,658 million |
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Projected Market Value in 2034 | USD 29,788.6 million |
Value-based CAGR (2024 to 2034) | 13.2% |
Market Value (2023) | USD 58.4 billion |
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Expected Forecast Value (2033) | USD 300 billion |
Projected CAGR (2023 to 2033) | 17.8% |
Market Value (2022) | USD 78,342.6 Million |
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Market Anticipated Value (2032) | USD 2,50,456.9 Million |
Projected CAGR (2022 to 2032) | 12.3% |
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