KUALA LUMPUR, July 14 – Aqara, a leading provider of smart home products, has officially launched in Malaysia, partnering with Hello Smart Sdn Bhd, its authorized distributor and service partner in the country. The move aims to capitalize on the growing demand for intelligent living solutions and expand Aqara’s market presence in Malaysia. According to projections, the sales of smart home devices in Malaysia are expected to more-than-double to RM2.7 billion by 2027.
Aqara’s Global Sales Manager, Harry Zhang, expressed excitement about the launch, highlighting the strong demand for Aqara’s smart home solutions in Malaysia. He mentioned the remarkable annual sales growth of 100% since Aqara entered the Malaysian market in 2019. Aqara’s innovative products, including home monitoring systems, door locks, and security cameras, offer ease, convenience, security, and peace of mind to consumers. With the official launch, Aqara aims to ride the wave of Malaysia’s growing smart home market and provide customers with the best of its offerings.
Currently, Malaysia’s smart home market is still in its early stages of growth, with total smart home device sales estimated at US$268.2 million (RM1.25 billion) in 2022, according to Statista. However, the penetration rate of smart home devices is expected to nearly double by 2027, reaching 26.0%, as market awareness increases, device costs decrease, and technology capabilities improve. This anticipated higher penetration rate is projected to drive smart home device sales to more-than-double to US$581.70 million (RM2.71 billion) in 2027.
To meet the growing demand, major residential projects in Malaysia, such as Gamuda Land’s Gamuda Cove, OSK Property’s Ryan & Miho, and IJM Land Bhd’s Swans @ Bandar Rimbayu, are incorporating smart home technology. These developments reflect the increasing adoption of smart home solutions and the desire for sophisticated and intelligent living spaces among Malaysians. As part of its entry into the Malaysian market, Aqara has introduced four groundbreaking smart home products. The Magic Switch S1E is an intelligent touch control panel that allows users to navigate and control various smart home devices.
The Door and Window Sensor P2 enhances home automation and security by detecting if doors or windows are open. The Smart Face Recognition Door Lock D200i offers secure authentication through advanced facial recognition technology. Lastly, the Lighting Pro range provides a comprehensive suite of smart lighting products for a brilliant lighting experience. With its innovative products and commitment to intelligent living, Aqara is poised to contribute to the growth of Malaysia’s smart home market and transform homes into sophisticated and connected living spaces.