Smart Home Market in India (2018-2023)

A smart home is a home with better, faster and enhanced operating abilities and performance. In a smart home, electronic devices such as fridge, television, air conditioning [heating, ventilation and air conditioning (HVAC)], lighting, and camera systems are usually controlled remotely using smartphones. Home automation is the linking of several appliances, along with monitoring and controlling devices used in a home through an intelligent network over a medium such as coaxial cable, electrical power wiring, infrared, radio frequency, or spread spectrum technology, coordinated by a computer. Globally, the smart home market is estimated to reach a value of INR 4.2 Tn by 2023, expanding at a compound annual growth rate (CAGR) of ~14.77% from 2018.

In India, the smart home market is in its nascent stage and is expected to increase at an astounding growth rate in the coming years. Currently, the penetration level of smart homes is higher in Indian metropolitans such as Bangalore, Delhi, Mumbai and Pune, which accounts for the majority of the smart home market. Smart lighting, smart speakers, smart thermostats, smart home hubs and smart surveillance are some of the major smart home offerings in the country. Under the ‘Make in India’ program, the Indian government is taking measures to reduce customs duty on telecommunication devices to boost the electronics manufacturing sector, which is in turn expected to drive growth in the Indian smart home market.

Smart Home Market in India (2018-2023)

Market segmentation
On the basis of end users, the Indian home automation market can be segmented into residential, commercial and hospitality. Within the home automation market, the residential segment accounts for more than half of the market.

In the commercial segment, security and access systems, and efficient building management systems are the major driving factors. The segment is dominated by three major companies: Samsung, Bosch and Honeywell.

Key growth factors

An increase in the working population and rise in income of the middle class are the key demand drivers of the smart home market in India. Favorable demographics and changing consumer behavior are providing a conducive environment for the growth of automated devices
The burgeoning demand for electricity and its increasing costs are major concerns for consumers. The smart home appliances allow devices to communicate among themselves in order to control the use of energy, thereby emerging as effective energy-saving solutions. Thus, consumers are increasingly adopting smart devices to minimize energy costs
Threats and key players
Indian consumers are price sensitive, and high costs imply lower installation rates. Therefore, the adoption and penetration of smart devices in the country is limited
ABB India Limited, Honeywell Automation India Limited, Oakter, Silvan Innovation Labs Private Limited, and L&T Electricals and Automation Limited are some of the major companies offering smart home products in the country.
What’s covered in the report?
Overview of the global and Indian smart home market
Historical, current and forecasted market size data for the global smart home market (2016 to 2023)
Qualitative analysis of the Indian home automation market and its segments (based on end users - residential, commercial, and hospitality)
The Internet of Things’ (IoT) value chain in the India smart home market
Qualitative analysis of the major drivers and challenges affecting the market
Key smart home offerings in the country
Analysis of the competitive landscape and profiles of major players operating in the market
Key recent developments in the smart home market in India

Why buy?
Get a broad understanding of the smart home market in India, the dynamics of the market and current state of the sector
Strategize marketing, market entry, market expansion and other business plans by understanding the factors driving growth in the market
Be informed regarding the key developments in the smart home market in India
Understand major competitors’ business strategies and market dynamics, and respond accordingly to benefit from the market
Customizations Available
 

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Smart home market and structure (by prototype)
3.2. Smart home classification (based on application)

Chapter 4: Global smart home market
4.1. Smart home market overview
4.2. Smart home market size and growth forecast - value-wise

Chapter 5: Global smart home market - segmentation
5.1. Smart devices installed base within smart cities
o Healthcare
o Public services
o Smart connected buildings
o Smart homes
o Transport
o Utilities
o Others

5.2. Region-wise smart home penetration percentage split
o Worldwide
o Asia
o Australia
o Europe
o Latin America
o North America

5.3. Region-wise revenue contribution - percentage split
o Asia
o Australia
o Europe
o Latin America
o North America

Chapter 6: India smart home market
6.1. Smart home market overview
6.2. Smart home market size and growth forecast - value-wise
6.3. Home automation market segmentation - end-user segmentation
o Residential segment
o Commercial segment
o Hospitality segment
6.4. PESTEL analysis

Chapter 7: Smart home technology
7.1. Evolution of smart homes (IoT)
7.2. Smart home market - IoT Value chain analysis
7.3. Major smart home technology & features
o Robust broadband
o Wi-Fi
o Bluetooth smart/ bluetooth low energy
o Others
7.4. Key smart home offerings
o Smart lighting
o Smart speakers
o Smart thermostats
o Smart home hub
o Smart surveillance
o Others
7.5. Smart home architecture

Chapter 8: Government initiatives

Chapter 9: Key growth drivers of the market

Chapter 10: Key deterrents to the growth of the market

Chapter 11: Competitive landscape
11.1. ABB India Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.2. Honeywell Automation India Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.3. Oakter
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.4. Silvan Innovation Labs Pvt. Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.5. Thasmai Automation Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.6. Blaze Automation
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.7. L&T Electricals and Automation Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.8. Samsung India Electronics Pvt. Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

11.9. Schneider Electric India Pvt. Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

Chapter 12: Indian start-ups profiled
12.1 Home Brain
o Corporate information
o Business description
12.2. Inoho Electronics Private Limited
o Corporate information
o Business description
12.3. SharpNode Technologies Private Limited
o Corporate information
o Business description

Chapter 12: Recent developments
 


IoT Monetization Market By Organization Size (SME and Large Enterprises), By Application (Commercial Building, Transportation and Logistics, Telecom, Smart Home Appliances, Government, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America) – Global Forecast up to 2025

IoT Monetization Market By Organization Size (SME and Large Enterprises), By Application (Commercial Building, Transportation and Logistics, Telecom, Smart Home Appliances, Government, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America) Global Forecast up to 2025 market research report available in single user pdf license with Aarkstore Enterprise at USD 3500

USD 3500 View Report

Global Smart Mirror Market Size study, by Application (Automotive, Hospitality and Retail, Others (Smart Homes and Healthcare) and Regional Forecasts 2019-2026

Global Smart Mirror Market is valued approximately USD 1.9 Billion in 2018 and is anticipated to grow with a healthy growth rate of more than 11.68% over the forecast period

USD 3950 View Report

IoT Monetization Market By Organization Size (SME and Large Enterprises), By Application (Commercial Building, Transportation and Logistics, Telecom, Smart Home Appliances, Government, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America) – Global Forecast up to 2025

IoT Monetization Market By Organization Size (SME and Large Enterprises), By Application (Commercial Building, Transportation and Logistics, Telecom, Smart Home Appliances, Government, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America) Global Forecast up to 2025 market research report available in single user pdf license with Aarkstore Enterprise at USD 3500

USD 3500 View Report

Global Smart Mirror Market Size study, by Application (Automotive, Hospitality and Retail, Others (Smart Homes and Healthcare) and Regional Forecasts 2019-2026

Global Smart Mirror Market is valued approximately USD 1.9 Billion in 2018 and is anticipated to grow with a healthy growth rate of more than 11.68% over the forecast period

USD 3950 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available