NEW YORK, Oct. 2, 2022 /PRNewswire/ — The “Home Automation Market in India by Product and Geography – Forecast and Geography 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
Technavio has announced its latest market research report titled Home Automation Market in India 2022-2026
The potential growth difference for the home automation market in India between 2021 and 2026 is USD 3.58 billion. To estimate the size of the market, Technavio has tracked the recent trends and developments in the information technology industry. Some of the factors considered in estimating the market size include server and storage device shipments, mobile device shipments, revenue generated by vendors operating in India, internet and mobile penetration rates, and others. Download PDF Report Sample
Key Market Dynamics:
- Market Driver
- Market Challenges
The market is driven by the increased reliance on wireless technologies. Wireless technologies are increasingly being adopted by consumers as they are easy to install and provide the convenience of operation through remote control. The installation of wireless devices also eliminates the need for sophisticated wiring, thereby saving time and labor costs. Such benefits are increasing the consumer preference for wireless devices. This is subsequently increasing the demand for devices such as high-speed routers for wireless connectivity of the home automation systems. Thus, with the increased reliance on wireless technologies, the demand for home automation solutions is expected to increase during the forecast period.
In addition, the growing use of IoT will further drive the growth of the market. However, the high cost of installing home automation systems will challenge market growth.
Company Profiles
Some of the companies covered in this report are 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.
Competitive Analysis
The home automation market in India is fragmented. The market comprises several established and small players who are making significant investments in home automation technologies. This is increasing the competition among the vendors in the market. Some vendors are not focusing too much on connectivity and smart features for the mainstream product lines. This is because these features might cause consumers to focus less on the core features of an appliance, thus lowering the entry barrier to the business and attracting new entrants from the communication devices industry. However, all players are focusing on differentiating their product offerings through a clear and unique value proposition.
The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Request Sample Report Here
Market Segmentation
- By product, the market is classified into segments such as security, lighting, and others. The market growth in the security segment will be significant over the forecast period
- By technology, the market is classified into wireless and wired segments. The market will observe high demand for wireless home automation technologies in India during the forecast period.
Related Reports:
Home Automation Market In India Scope |
|
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 |
USD 3.58 billion |
Market structure |
Fragmented |
YoY growth (%) |
14.32 |
Regional analysis |
India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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 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. |
Table of contents:
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
- 3.4 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
- 8.3 Impact of drivers and challenges
- Exhibit 53: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 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
- 11.2 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
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