Malaysia: smart home market revenue by segment 2023

In 2023, the smart appliances segment of the smart home market in Malaysia generated the highest revenue, amounting to around approximately 153.7 million U.S. dollars. Meanwhile, according to Statista Digital Market Outlook estimate, the comfort and lighting segment generated the lowest revenue in the same year at around 12.54 million U.S. dollars.

Revenue of the smart home market in Malaysia in 2023, by segment (in million U.S. dollars)

Characteristic	Revenue in million U.S. dollars
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Supplementary notes

Data provided by Statista Market Outlook are estimates.

The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household. The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services. Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.

A detailed methodology can be found on the Statista Market Outlook.

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