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Home Automation Market in India by Product and Geography - Forecast and Geography 2022-2026

  • Published: Sep 2022
  • Pages: 106
  • SKU: IRTNTR73860
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The home automation market in India is projected to grow by USD 3.58 billion with a CAGR of 15.13% during the forecast period 2021 to 2026.

This home automation market in India research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the home automation market in India segmentation by product (security, lighting, and others) and technology (wireless and wired). The India home automation market report also offers information on several market vendors, including ABB Ltd., ADT Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., Hero Electronix Pvt. Ltd., Home Brain, Honeywell International Inc., IFIHomes, Johnson Controls International Plc, L&T Technology Services Ltd., Legrand, Riot Labz Pvt. Ltd., Schneider Electric SE, Tuya Inc., Vinay Electrical Solutions, and Wipro Ltd. among others.

What will the Home Automation Market Size in India be During the Forecast Period?

Home Automation Market in India Size

Download Report Sample to Unlock the Home Automation Market Size in India for the Forecast Period and Other Important Statistics

 

Home Automation Market in India: Key Drivers, Trends, and Challenges

The increased reliance on wireless technologies is notably driving the home automation market growth in India, although factors such as the high cost of installing home automation systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the home automation industry in India. The holistic analysis of the drivers will help in deducing the end goals and refining marketing strategies to gain a competitive edge.

Key Home Automation Market Driver in India

The increased reliance on wireless technologies is one of the key factors driving the Indian home automation market growth. Wireless technologies are being increasingly used due to the ease of installation and operation through remote control. The data generated from various operations in a building can be accessed quickly and aid end-users in monitoring and controlling different functions inside the building. Most vendors of home automation systems are developing their products to support wireless connectivity to save on installation costs and to keep abreast of the evolving technological demands of end-users. Therefore, with increased reliance on wireless technologies, the market will grow during the forecast period.

Key Home Automation Market Trend in India

Demand for comfort and foolproof security systems is one of the key Indian home automation market trends fueling the market growth. Rapid industrial growth and increased investments by end-users have led to an increase in the number of residential spaces, thereby increasing the demand for home automation systems. Security, access control, and comfort are other requirements in residential spaces. It is very important to keep track of the people entering these buildings to prevent trespass by unauthorized people. Thus, the demand for advanced HVAC systems and security devices such as closed-circuit televisions(CCTV) cameras has increased to enhance the comfort of people working in these buildings and reinforce their safety and security. 

Key Home Automation Market Challenge in India

The high cost of installing home automation systems is one of the key factors challenging the Indian home automation market growth. Owing to this high-cost factor, it becomes difficult for manufacturers to convince consumers to upgrade their regular home appliances with the smart connected variety. Companies find it challenging to create affordable products for the mass consumer segment, especially in emerging economies, where consumers are price-sensitive. Most product offerings are targeted at the high-end consumer segment, leading to a small home automation consumer base. The technology used in home automation is complex and needs in-depth R&D activities, for which huge investments are required. These factors will challenge the market growth in the forecast period.

This home automation market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the home automation market in India as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the home automation market in India during the forecast period.

Who are the Major Home Automation Market Vendors in India?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • ADT Inc.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Hero Electronix Pvt. Ltd.
  • Home Brain
  • Honeywell International Inc.
  • IFIHomes
  • Johnson Controls International Plc
  • L&T Technology Services Ltd.
  • Legrand
  • Riot Labz Pvt. Ltd.
  • Schneider Electric SE
  • Tuya Inc.
  • Vinay Electrical Solutions
  • Wipro Ltd.

 

This statistical study of the home automation market in India encompasses successful business strategies deployed by the key vendors. The home automation market in India is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ABB Ltd. - The company offers home automation products such as Door entry systems, Cylon Smart Building solutions, and Ability Building Ecosystem. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and the information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Home Automation Market in India Value Chain Analysis

Our report provides extensive information on the value chain analysis for the Indian home automation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Home Automation Market in India?

Home Automation Market in India Share

To gain further insights on the market contribution of various segments Request PDF Sample

The home automation market share growth in India by the security segment will be significant during the forecast period. Automated security systems help homeowners monitor, program, and control the security setup of their homes remotely or with an in-home dashboard. In view of this, vendors have been promoting do-it-yourself (DIY) installations by offering fee-based monitoring services to smart homeowners and selling equipment such as cameras, smoke or fire detectors, control panels, and sensors that the users can easily install. Such initiatives will boost segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the home automation market size in India and actionable market insights on the post-COVID-19 impact on each segment.

 

Home Automation Market Scope in India

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.13%

Market growth 2022-2026

$3.58 billion

Market structure

Fragmented

YoY growth (%)

14.32

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., ADT Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., Hero Electronix Pvt. Ltd., Home Brain, Honeywell International Inc., IFIHomes, Johnson Controls International Plc, L and T Technology Services Ltd., Legrand, Riot Labz Pvt. Ltd., Schneider Electric SE, Tuya Inc., Vinay Electrical Solutions, and Wipro Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Home Automation Market in India Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the home automation market in India's growth during the next five years
  • Precise estimation of the home automation market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the home automation industry in India 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of home automation market vendors in India 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on India: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on India: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 22: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 24: Chart on Comparison by Product
      • Exhibit 25: Data Table on Comparison by Product
    • 5.3 Security - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Security - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Security - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Security - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Security - Year-over-year growth 2021-2026 (%)
    • 5.4 Lighting - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Lighting - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Lighting - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Lighting - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Lighting - Year-over-year growth 2021-2026 (%)
    • 5.5 others - Market size and forecast 2021-2026
      • Exhibit 34: Chart on others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Data Table on others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 36: Chart on others - Year-over-year growth 2021-2026 (%)
      • Exhibit 37: Data Table on others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 38: Market opportunity by Product ($ million)

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 39: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 40: Data Table on Technology - Market share 2021-2026 (%)
    • 6.2 Comparison by Technology
      • Exhibit 41: Chart on Comparison by Technology
      • Exhibit 42: Data Table on Comparison by Technology
    • 6.3 Wireless - Market size and forecast 2021-2026
      • Exhibit 43: Chart on Wireless - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on Wireless - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on Wireless - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on Wireless - Year-over-year growth 2021-2026 (%)
    • 6.4 Wired - Market size and forecast 2021-2026
      • Exhibit 47: Chart on Wired - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Data Table on Wired - Market size and forecast 2021-2026 ($ million)
      • Exhibit 49: Chart on Wired - Year-over-year growth 2021-2026 (%)
      • Exhibit 50: Data Table on Wired - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Technology
      • Exhibit 51: Market opportunity by Technology ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 53: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 54: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 55: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 56: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 57: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 58: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 59: ABB Ltd. - Overview
              • Exhibit 60: ABB Ltd. - Business segments
              • Exhibit 61: ABB Ltd. - Key news
              • Exhibit 62: ABB Ltd. - Key offerings
              • Exhibit 63: ABB Ltd. - Segment focus
            • 10.4 Alphabet Inc.
              • Exhibit 64: Alphabet Inc. - Overview
              • Exhibit 65: Alphabet Inc. - Business segments
              • Exhibit 66: Alphabet Inc. - Key news
              • Exhibit 67: Alphabet Inc. - Key offerings
              • Exhibit 68: Alphabet Inc. - Segment focus
            • 10.5 Apple Inc.
              • Exhibit 69: Apple Inc. - Overview
              • Exhibit 70: Apple Inc. - Business segments
              • Exhibit 71: Apple Inc. - Key news
              • Exhibit 72: Apple Inc. - Key offerings
              • Exhibit 73: Apple Inc. - Segment focus
            • 10.6 Hero Electronix Pvt. Ltd.
              • Exhibit 74: Hero Electronix Pvt. Ltd. - Overview
              • Exhibit 75: Hero Electronix Pvt. Ltd. - Product / Service
              • Exhibit 76: Hero Electronix Pvt. Ltd. - Key offerings
            • 10.7 Honeywell International Inc.
              • Exhibit 77: Honeywell International Inc. - Overview
              • Exhibit 78: Honeywell International Inc. - Business segments
              • Exhibit 79: Honeywell International Inc. - Key news
              • Exhibit 80: Honeywell International Inc. - Key offerings
              • Exhibit 81: Honeywell International Inc. - Segment focus
            • 10.8 Johnson Controls International Plc
              • Exhibit 82: Johnson Controls International Plc - Overview
              • Exhibit 83: Johnson Controls International Plc - Business segments
              • Exhibit 84: Johnson Controls International Plc - Key news
              • Exhibit 85: Johnson Controls International Plc - Key offerings
              • Exhibit 86: Johnson Controls International Plc - Segment focus
            • 10.9 L and T Technology Services Ltd.
              • Exhibit 87: L and T Technology Services Ltd. - Overview
              • Exhibit 88: L and T Technology Services Ltd. - Business segments
              • Exhibit 89: L and T Technology Services Ltd. - Key offerings
              • Exhibit 90: L and T Technology Services Ltd. - Segment focus
            • 10.10 Legrand
              • Exhibit 91: Legrand - Overview
              • Exhibit 92: Legrand - Product / Service
              • Exhibit 93: Legrand - Key offerings
            • 10.11 Schneider Electric SE
              • Exhibit 94: Schneider Electric SE - Overview
              • Exhibit 95: Schneider Electric SE - Business segments
              • Exhibit 96: Schneider Electric SE - Key news
              • Exhibit 97: Schneider Electric SE - Key offerings
              • Exhibit 98: Schneider Electric SE - Segment focus
            • 10.12 Wipro Ltd.
              • Exhibit 99: Wipro Ltd. - Overview
              • Exhibit 100: Wipro Ltd. - Business segments
              • Exhibit 101: Wipro Ltd. - Key news
              • Exhibit 102: Wipro Ltd. - Key offerings
              • Exhibit 103: Wipro Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 104: Inclusions checklist
                • Exhibit 105: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 106: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 107: Research methodology
                • Exhibit 108: Validation techniques employed for market sizing
                • Exhibit 109: Information sources
              • 11.5 List of abbreviations
                • Exhibit 110: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Home Automation market growth will increase by $3589.45 million during 2022-2026.
              The home automation market is expected to grow at a CAGR of 15.13% during 2022-2026.
              Technavio has segmented the home automation market by technology (Wireless and Wired) and geographic (India).
              ABB Ltd., ADT Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., Hero Electronix Pvt. Ltd., Home Brain, Honeywell International Inc., IFIHomes, Johnson Controls International Plc, L and T Technology Services Ltd., Legrand, Riot Labz Pvt. Ltd., Schneider Electric SE, Tuya Inc., Vinay Electrical Solutions, Wipro Ltd. are a few of the key vendors in the home automation market.
              APAC will register the highest growth rate of 100% among the other regions. Therefore, the home automation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the home automation market growth are:
              • Increased reliance on wireless technologies
              • Demand for comfort and foolproof security systems
              The home automation market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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