Toll Free: 1-888-928-9744

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

Published: Sep, 2019 | Pages: 52 | Publisher: Netscribes
Industry: Technology & Media | Report Format: Electronic (PDF)

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
 Table of Contents

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
•	Healthcare
•	Public services
•	Smart connected buildings
•	Smart homes
•	Transport 
•	Utilities 
•	Others
5.2. Region-wise smart home penetration percentage split
•	Worldwide
•	Asia
•	Australia
•	Europe
•	Latin America
•	North America
5.3. Region-wise revenue contribution - percentage split
•	Asia
•	Australia
•	Europe
•	Latin America
•	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
•	Residential segment
•	Commercial segment
•	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
•	Robust broadband
•	Wi-Fi
•	Bluetooth smart/ bluetooth low energy
•	Others
7.4. Key smart home offerings
•	Smart lighting
•	Smart speakers
•	Smart thermostats
•	Smart home hub
•	Smart surveillance
•	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.
•	Corporate information
•	Business description
•	Products and services
•	Key people
•	Financial snapshot (total income, net profit/loss)
•	Key ratios 
•	Business segments, geographical segments

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

11.3. Oakter
•	Corporate information
•	Business description
•	Products and services
•	Key people

11.4. Silvan Innovation Labs Pvt. Ltd.
•	Corporate information
•	Business description
•	Products and services
•	Key people

11.5. Thasmai Automation Ltd.
•	Corporate information
•	Business description
•	Products and services
•	Key people

11.6. Blaze Automation
•	Corporate information
•	Business description
•	Products and services
•	Key people

11.7. L&T Electricals and Automation Ltd.
•	Corporate information
•	Business description
•	Products and services
•	Key people

11.8. Samsung India Electronics Pvt. Ltd.
•	Corporate information
•	Business description
•	Products and services
•	Key people

11.9. Schneider Electric India Pvt. Ltd.
•	Corporate information
•	Business description
•	Products and services
•	Key people

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

Chapter 13: Recent developments

To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $665
Multi User - US $665
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Information security

Your personal and confidential information is safe and secure.

verify