Home Automation Market in India 2022-2026
Technavio has been monitoring the home automation market in India and it is poised to grow by $3.58 bn during 2022-2026, accelerating at a CAGR of 15.13% during the forecast period. Our report on the home automation market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current country market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased reliance on wireless technologies, growing use of IoT, and demand for energy efficiency.
The home automation market in India analysis includes product and technology segments.
Technavio's home automation market in India is segmented as below:
This study identifies the demand for comfort and foolproof security systems as one of the prime reasons driving the home automation market growth in India during the next few years. Also, the rise in the adoption of AI and IoT-based solutions and growing smartphone penetration, and increasing internet speed will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the home automation market in India covers the following areas:
- Home automation market sizing
- Home automation market forecast
- Home automation market India industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home automation markets vendors in India that include 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. Also, the home automation market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.