India Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025

December 2019 | 150 pages | ID: I9F0D9A79327EN
iGATE Research Pvt. Ltd.

Abstracts

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.

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 Smart Home Market - By Application Areas

• Smart Appliances captured 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.
• 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.

India Smart Home Active Households - By Application Areas

• 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 applications is expected to hit around 8.3% by 2025.
• Energy Management application captured least share of the Smart Home active households in 2018.

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.

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

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
2. Sony Corporation
3. Samsung Electronics Co., Ltd.
4. LG Electronics Inc.
5. Philips
6. XIAOMI
7. Google
8. Amazon
9. BPL
10. ABB
11. myGate
12. blurams
13. Syska

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

Contents

1. EXECUTIVE SUMMARY

2. INDIA SMART HOME MARKET ANALYSIS TO 2025

2.1 India Smart Home Market and Forecast
2.2 India Smart Home Number and Forecast
2.3 India Smart Home - Household Penetration and Forecast

3. INDIA SMART HOME MARKET SHARE ANALYSIS TO 2025

3.1 India Smart Home Market Share - By Application Areas
3.2 India Smart Home Active Households Share - By Application Areas

4. INDIA SMART HOME MARKET, NUMBER OF ACTIVE HOUSEHOLDS & HOUSEHOLDS PENETRATION - BY APPLICATION AREAS

4.1 India Smart Home - Control and Connectivity Market & Number of Active Households Analysis to 2025
  4.1.1 India Smart Home - Control and Connectivity Market & Forecast
  4.1.2 India Smart Home - Control and Connectivity Application Household Penetration & Forecast
  4.1.3 India Smart Home - Number of Active Households in Control and Connectivity Segment & Forecast
4.2 India Smart Home - Comfort and Lighting Market & Number of Active Households Analysis to 2025
  4.2.1 India Smart Home - Comfort and Lighting Market & Forecast
  4.2.2 India Smart Home - Comfort and Lighting Application Household Penetration & Forecast
  4.2.3 India Smart Home - Number of Active Households in Comfort and Lighting Segment & Forecast
4.3 India Smart Home - Home Entertainment Market & Number of Active Households Analysis to 2025
  4.3.1 India Smart Home - Home Entertainment Market & Forecast
  4.3.2 India Smart Home - Home Entertainment Application Household Penetration & Forecast
  4.3.3 India Smart Home - Number of Active Households in Home Entertainment Segment & Forecast
4.4 India Smart Home - Smart Appliances Market & Number of Active Households Analysis to 2025
  4.4.1 India Smart Home - Smart Appliances Market & Forecast
  4.4.2 India Smart Home - Smart Appliances Application Household Penetration & Forecast
  4.4.3 India Smart Home - Number of Active Households in Smart Appliances Segment & Forecast
4.5 India Smart Home - Energy Management Market & Number of Active Households Analysis to 2025
  4.5.1 India Smart Home - Energy Management Market & Forecast
  4.5.2 India Smart Home - Energy Management Application Household Penetration & Forecast
  4.5.3 India Smart Home - Number of Active Households in Energy Management Segment & Forecast
4.6 India Smart Home - Security Market & Number of Active Households Analysis to 2025
  4.6.1 India Smart Home - Security Market & Forecast
  4.6.2 India Smart Home - Security Application Household Penetration & Forecast
  4.6.3 India Smart Home - Number of Active Households in Security Segment & Forecast

5. INDIA SMART HOME MARKET - GOVERNMENT INITIATIVES

6. MAJOR TRENDS IN INDIAN SMART HOME MARKET

7. INDIA SMART HOME - KEY COMPANY PROFILES

7.1 Panasonic Corporation
  7.1.1 Company Overview
  7.1.2 Smart Home Products
  7.1.3 Recent Initiatives & Strategy in Smart Homes
7.2 Sony Corporation
  7.2.1 Company Overview
  7.2.2 Smart Home Products
  7.2.3 Recent Initiatives & Strategy in Smart Homes
7.3 Samsung Electronics Co., Ltd.
  7.3.1 Company Overview
  7.3.2 Smart Home Products
  7.3.3 Recent Initiatives & Strategy in Smart Homes
7.4 LG Electronics Inc.
  7.4.1 Company Overview
  7.4.2 Smart Home Products
  7.4.3 Recent Initiatives & Strategy in Smart Homes
7.5 Philips
  7.5.1 Company Overview
  7.5.2 Smart Home Products
  7.5.3 Recent Initiatives & Strategy in Smart Homes
7.6 XIAOMI
  7.6.1 Company Overview
  7.6.2 Smart Home Products
  7.6.3 Recent Initiatives & Strategy in Smart Homes
7.7 Google
  7.7.1 Company Overview
  7.7.2 Smart Home Products
  7.7.3 Recent Initiatives & Strategy in Smart Homes
7.8 Amazon
  7.8.1 Company Overview
  7.8.2 Smart Home Products
  7.8.3 Recent Initiatives & Strategy in Smart Homes
7.9 BPL
  7.9.1 Company Overview
  7.9.2 Smart Home Products
  7.9.3 Recent Initiatives & Strategy in Smart Homes
7.10 ABB
  7.10.1 Company Overview
  7.10.2 Smart Home Products
  7.10.3 Recent Initiatives & Strategy in Smart Homes
7.11 myGate
  7.11.1 Company Overview
  7.11.2 Smart Home Products
  7.11.3 Recent Initiatives & Strategy in Smart Homes
7.12 blurams
  7.12.1 Company Overview
  7.12.2 Smart Home Products
  7.12.3 Recent Initiatives & Strategy in Smart Homes
7.13 Syska
  7.13.1 Company Overview
  7.13.2 Smart Home Products
  7.13.3 Recent Initiatives & Strategy in Smart Homes

8. INDIA SMART HOME MARKET - DRIVING FACTORS

8.1 IoT Drives Smart Home Market
8.2 Cost Savings Due to The Adoption of Energy Conservation Systems
8.3 Urbanization, Increasing Awareness & Concern for Monitoring Elderly People
8.4 Development of Connected Innovative Products

9. INDIA SMART HOME MARKET - CHALLENGES

9.1 Security and Privacy Breach Concern
9.2 Smart Home Solutions Too Expensive
9.3 Cyber Security Concerns

List Of Figures

LIST OF FIGURES:

Figure 2-1: India Smart Home Market (Million US$), 2015 - 2018
Figure 2-2: Forecast for India Smart Home Market (Million US$), 2019 - 2025
Figure 2-3: India - Estimated Number of Smart Home (Million), 2015 - 2018
Figure 2-4: India - Forecast for Estimated Number of Smart Home (Million), 2019 - 2025
Figure 2-5: India Smart Home - Household Penetration (Percent), 2015 - 2018
Figure 2-6: India Smart Home - Forecast for Household Penetration (Percent), 2019 - 2025
Figure 4-1: India Smart Home - Control and Connectivity Market (Million US$), 2015 - 2018
Figure 4-2: India Smart Home - Forecast for Control and Connectivity Market (Million US$), 2019 - 2025
Figure 4-3: India Smart Home - Control and Connectivity Application Household Penetration (Percent), 2015 - 2018
Figure 4-4: India Smart Home - Forecast for Control and Connectivity Application Household Penetration (Percent), 2019 - 2025
Figure 4-5: India Smart Home - Number of Active Households in Control and Connectivity Segment (Million), 2015 - 2018
Figure 4-6: India Smart Home - Forecast for Number of Active Households in Control and Connectivity Segment (Million), 2019 - 2025
Figure 4-7: India Smart Home - Comfort and Lighting Market (Million US$), 2015 - 2018
Figure 4-8: India Smart Home - Forecast for Comfort and Lighting Market (Million US$), 2019 - 2025
Figure 4-9: India Smart Home - Comfort and Lighting Application Household Penetration (Percent), 2015 - 2018
Figure 4-10: India Smart Home - Forecast for Comfort and Lighting Application Household Penetration (Percent), 2019 - 2025
Figure 4-11: India Smart Home - Number of Active Households in Comfort and Lighting Segment (Million), 2015 - 2018
Figure 4-12: India Smart Home - Forecast for Number of Active Households in Comfort and Lighting Segment (Million), 2019 - 2025
Figure 4-13: India Smart Home - Home Entertainment Market (Million US$), 2015 - 2018
Figure 4-14: India Smart Home - Forecast for Home Entertainment Market (Million US$), 2019 - 2025
Figure 4-15: India Smart Home - Home Entertainment Application Household Penetration (Percent), 2015 - 2018
Figure 4-16: India Smart Home - Forecast for Home Entertainment Application Household Penetration (Percent), 2019 - 2025
Figure 4-17: India Smart Home - Number of Active Households in Home Entertainment Segment (Million), 2015 - 2018
Figure 4-18: India Smart Home - Forecast for Number of Active Households in Home Entertainment Segment (Million), 2019 - 2025
Figure 4-19: India Smart Home - Smart Appliances Market (Million US$), 2015 - 2018
Figure 4-20: India Smart Home - Forecast for Smart Appliances Market (Million US$), 2019 - 2025
Figure 4-21: India Smart Home - Smart Appliances Application Household Penetration (Percent), 2015 - 2018
Figure 4-22: India Smart Home - Forecast for Smart Appliances Application Household Penetration (Percent), 2019 - 2025
Figure 4-23: India Smart Home - Number of Active Households in Smart Appliances Segment (Million), 2015 - 2018
Figure 4-24: India Smart Home - Forecast for Number of Active Households in Smart Appliances Segment (Million), 2019 - 2025
Figure 4-25: India Smart Home - Energy Management Market (Million US$), 2015 - 2018
Figure 4-26: India Smart Home - Forecast for Energy Management Market (Million US$), 2019 - 2025
Figure 4-27: India Smart Home - Energy Management Application Household Penetration (Percent), 2015 - 2018
Figure 4-28: India Smart Home - Forecast for Energy Management Application Household Penetration (Percent), 2019 - 2025
Figure 4-29: India Smart Home - Number of Active Households in Energy Management Segment (Million), 2015 - 2018
Figure 4-30: India Smart Home - Forecast for Number of Active Households in Energy Management Segment (Million), 2019 - 2025
Figure 4-31: India Smart Home - Security Market (Million US$), 2015 - 2018
Figure 4-32: India Smart Home - Forecast for Security Market (Million US$), 2019 - 2025
Figure 4-33: India Smart Home - Security Application Household Penetration (Percent), 2015 - 2018
Figure 4-34: India Smart Home - Forecast for Security Application Household Penetration (Percent), 2019 - 2025
Figure 4-35: India Smart Home - Number of Active Households in Security Segment (Million), 2015 - 2018
Figure 4-36: India Smart Home - Forecast for Number of Active Households in Security Segment (Million), 2019 - 2025
Figure 6-1: Panasonic - Smart Home Products

List Of Tables

LIST OF TABLES:

Table 3-1: By Application Areas - India Smart Home Market Share (Percent), 2015 - 2018
Table 3-2: By Application Areas - Forecast for India Smart Home Market Share (Percent), 2019 - 2025
Table 3-3: By Application Areas - India Smart Home Active Households Share (Percent), 2015 - 2018
Table 3-4: By Application Areas - Forecast for India Smart Home Active Households Share (Percent), 2019 - 2025