Smart Home Market in India (2018-2023) with data on Revenue Contribution, Products Penetration and End-User Segmentation (Residential, Commercial, Others)

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Flash Discount
15% Single User
20% Multi User
25% Corporate
30% Enterprise
  • 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

     

  • With tables and figures helping analyze worldwide India ( ) with data on Revenue Contribution market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    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
    11.4. Silvan Innovation Labs Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.5. Thasmai Automation Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.6. Blaze Automation
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.7. L&T Electricals and Automation Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.8. Samsung India Electronics Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.9. Schneider Electric India Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    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

     

  • The India ( ) with data on Revenue Contribution Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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