Uploaded on Feb 4, 2020
iGATE Research has released a research report on “India Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025” Click here to view the complete report: www.igateresearch.com Contact US iGATE Research PVT LTD Ravi Sinha Sales Manager Marketing and Sales Divison Email: [email protected] Contact: +91-858-684-0791, +91-821-092-7469 (INDIA) Web: www.igateresearch.com
India Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025
India Smart Home Market - Overview
The Indian smart home market is expected to surpass US$ 9 Billion by 2025. Smart homes are the
residences that are equipped with information and computing technology devices that anticipates and
responds to the requirement of the owner in an effective and efficient manner. Smart Home systems in
India have witnessed an unprecedented demand in the recent years, due to increased concerns for safe and
secure living environment, especially concerning safety functionalities and discrete monitoring for elderly
people, especially in urban areas. The rising need for consumer convenience, safety and security, energy
consumption is the major driver of the smart home market. Moreover, factors such as improved lifestyle,
increase in disposable income of people, and surge in awareness about smart automated systems have
boosted the adoption of smart home devices, thus driving the India smart home market growth.
India - Smart Home Market (Billion US$), 2015-2018
Note: Dummy Data, Actual figures given in the report
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India Smart Home Market and Forecast
In India, the share of population over the age of 60 is projected to increase from 8 percent to nearly 20 percent in 2050.
This demographic trend is expected to continue and will significantly influence social and economic structures. Also, the
explosive population growth and dynamic shift in urban sprawl, coupled with the economic growth of megacities in the
emerging economies, would pose a variety of opportunities for companies operating in the smart home market
segment. According to The World Bank, in 2018, over 34% of the Indian population lived in urban area. By 2030, roughly
41% of the population is expected to live in urban areas. This creates an enormous opportunity for the smart home
market players.
The India smart home market is driven by factors such as significantly growing IoT market, cost reduction measures
enabled by home automation systems, manufacturers expanding their product portfolios, and increasing importance of
home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy
breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart
home market.
India – Forecast For Smart Home Market (Billion US$), 2019-2025
Note: Dummy Data, Actual figures given in the report
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India Smart Home Market - By Application Areas
• Smart Appliances captured By Application Areas – India Smart Home Market Share (Percent), 2018
maximum share of the India smart
home market.
• Control and Connectivity is the
second largest application segment
of the India smart home market,
being followed by Security market
segment.
By Application Areas – Forecast for India Smart Home Market Share (Percent), 2025
• Energy Management application
segment captured least share of the
Smart Home market.
• The average revenue per Smart
Home in the Comfort and Lighting
segment currently amounts to
around US$ 41.
Note: Dummy Data, Actual figures given in the report
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India Smart Home Active Households - By Application Areas
By Application Areas – Active Households Market Share (Percent), 2018
• Control and Connectivity
segment captured highest share
of the India Smart Home active
households in 2018, being
followed by Home Entertainment
and Comfort and Lighting
segment.
• In India, the household
penetration for Security By Application Areas – Forecast for Active Households Market Share (Percent), 2025
applications is expected to hit
around 8.3% by 2025.
• Energy Management application
captured least share of the Smart
Home active households in 2018.
Note: Dummy Data, Actual figures given in the report
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iGATE RESEARCH report titled “India Smart Home Market,
Number, Household Penetration & Key Company Analysis - Forecast
to 2025” provides a comprehensive assessment of the fast-evolving,
high-growth India Smart Home Industry.
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This 150 Page report with 43 Figures and 4 Tables has been analyzed from 8 viewpoints:
1. India Smart Home Market, Volume, Household Penetration & Forecast (2017 - 2025)
2. India Smart Home Market Share Analysis - By Application Areas (2017 - 2025)
3. India Smart Home Active Households Share - By Application Areas (2017 - 2025)
4. India Smart Home Market, Number of Active Households & Households Penetration - By Application Areas (2017 - 2025)
5. India Smart Home Government Initiatives
6. Major Trends in Indian Smart Home Market
7. India Smart Home Market - Key Company Profiles
8. India Smart Home Market - Growth Drivers and Challenges
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India Smart Home Market - Application Areas
1. Control and Connectivity (Home Automation)
2. Comfort and Lighting (Home Automation)
3. Home Entertainment
4. Smart Appliances
5. Energy Management
6. Security Application
India Smart Home Market - Key Company Profiles
1. Panasonic Corporation 8. Amazon
2. Sony Corporation 9. BPL
3. Samsung Electronics Co., Ltd. 10. ABB
4. LG Electronics Inc. 11. myGate
5. Philips 12. blurams
6. XIAOMI 13. Syska
7. Google
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Report Title:
“India Smart Home Market, Number, Household Penetration
& Key Company Analysis - Forecast to 2025”
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