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$), 2015-2018 Note: Dummy Data, Actual figures given in the report www.igateresearch.com India Smart Home Market and Forecast In India, the share of population over the age of 60 is projected to increase from 8 percent to nearly 20 percent in 2050. This demographic trend is expected to continue and will significantly influence social and economic structures. Also, the explosive population growth and dynamic shift in urban sprawl, coupled with the economic growth of megacities in the emerging economies, would pose a variety of opportunities for companies operating in the smart home market segment. According to The World Bank, in 2018, over 34% of the Indian population lived in urban area. By 2030, roughly 41% of the population is expected to live in urban areas. This creates an enormous opportunity for the smart home market players. The India smart home market is driven by factors such as significantly growing IoT market, cost reduction measures enabled by home automation systems, manufacturers expanding their product portfolios, and increasing importance of home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart home market. India – Forecast For Smart Home Market (Billion US$), 2019-2025 Note: Dummy Data, Actual figures given in the report www.igateresearch.com 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 www.igateresearch.com 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 www.igateresearch.com Continue (www.igateresearch.com) 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. www.igateresearch.com 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 www.igateresearch.com Continue (www.igateresearch.com) 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 www.igateresearch.com Published By iGATE RESEARCH Phone: +91-858-684-0791 (India) +91-821-092-7469 (India) Email: [email protected] Internet: www.igateresearch.com www.igateresearch.com Format Report Title: “India Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025” To Order the Report Visit: http://www.igateresearch.com/ Single User License US$ 1,590 Hard-copy Mail Delivery US$ 1,790 CD-ROM Mail Delivery US$ 1,790 Multi User License US$ 2,190 www.igateresearch.com Order the Report iGATE RESEARCH PVT. LTD. Web: www.igateresearch.com To order the Report: E-Mail: [email protected] Contact No. : +91-858-684-0791, +91-821-092-7469 (INDIA) For Report Related Query: E-Mail: [email protected] Contact No. : +91-858-684-0791, +91-821-092-7469 (INDIA) www.igateresearch.com
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