India Connected Homes Market is expected to grow at a CAGR of 9.4% through 2030
The India Connected Homes
Market is rising due to increased consumer demand for smart home technologies
driven by growing internet penetration, higher disposable incomes, and the desire
for enhanced convenience, security, and energy efficiency in the forecast period 2026-2030F.
According to TechSci Research report, “India Connected Homes Market - By Region, Competition, Forecast and Opportunities 2020-2030F”, The
increasing awareness of energy efficiency and sustainability is a major driver
for the India Connected Homes Market. Homeowners are becoming more conscious of
their environmental impact and are seeking ways to reduce energy consumption
and lower utility costs. Connected home technologies, such as smart
thermostats, energy-efficient lighting, and automated climate control systems,
offer significant benefits in terms of energy savings and reduced carbon
footprint. These solutions enable users to monitor and manage their energy
usage more effectively, contributing to more sustainable living practices. As
concerns about climate change and resource conservation grow, the demand for
energy-efficient and eco-friendly home technologies is expected to rise. This
shift towards sustainability drives the adoption of connected home solutions
that align with environmentally responsible practices, further fueling market
growth.
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North India is emerging as the
fastest-growing region in the India Connected Homes Market due to a combination
of rapid urbanization, increasing disposable incomes, and a strong demand for
modern technology solutions. This region, which includes major cities such as
Delhi, Gurgaon, and Noida, is experiencing accelerated economic development and
infrastructure improvements. The surge in urbanization has led to a growing
middle class that is increasingly interested in upgrading their homes with
smart technologies to enhance convenience, security, and energy efficiency.
High-speed internet penetration and the expansion of 4G and upcoming 5G
networks are facilitating the widespread adoption of connected home devices, as
these technologies require reliable and fast internet connections to function
effectively. Additionally, the North Indian market benefits from significant
investments in real estate and construction, with new residential and
commercial properties being equipped with advanced home automation systems to
attract tech-savvy buyers. Government initiatives promoting smart city projects
and the modernization of urban infrastructure further contribute to the growth
of the connected homes market in this region. The rise in environmental
consciousness and the push for energy-efficient solutions are also driving the
demand for smart home technologies that offer better control over energy usage
and reduce overall utility costs. As consumers become more aware of the
benefits of connected home systems, including enhanced security features,
remote monitoring capabilities, and integration with other smart devices, the
adoption rate in North India continues to increase. Furthermore, the
availability of affordable and innovative home automation products, along with competitive
pricing from both domestic and international vendors, makes these technologies
more accessible to a broader audience. The strong presence of technology
companies and startups in cities like Gurgaon and Noida is fostering a dynamic
market environment where new products and solutions are rapidly introduced and
adopted. Collectively, these factors position North India as a leader in the
growth of the connected homes market, with continued expansion expected as the
region's urban and economic development progresses.
Based on Functionality, the Security and
Safety segment emerged as the dominant functionality in the India Connected
Homes Market and is anticipated to maintain its leadership throughout the
forecast period. The growing emphasis on home security and safety is driven by
rising concerns over personal safety and property protection. Consumers
increasingly seek advanced security solutions that offer real-time monitoring,
remote access, and automated alerts to safeguard their homes. This segment
includes smart security systems, such as surveillance cameras, motion
detectors, smart locks, and alarm systems, which collectively provide
comprehensive protection against potential threats. The high demand for these
solutions is fueled by heightened awareness of security issues and the need for
more sophisticated, user-friendly technologies that offer peace of mind.
Additionally, the integration of security systems with other smart home
functionalities, such as energy management and smart appliances, further
enhances their appeal. This integration provides a seamless and interconnected
home environment, where security systems work in tandem with other smart
devices to optimize overall home management. As technology advances, the
development of innovative security solutions that incorporate artificial
intelligence, machine learning, and enhanced connectivity will continue to
drive growth in this segment. The focus on improving user experience, providing
real-time alerts, and enabling remote monitoring ensures that security and
safety will remain a central concern for consumers, supporting the segment's
dominance in the market. With continued investment in advanced security
technologies and growing consumer interest in comprehensive home protection
solutions, the Security and Safety segment is well-positioned to sustain its
leading position in the India Connected Homes Market.
Key market players in the India
Connected Homes Market are:-
- LG
Electronics Inc.
- NEST
Labs, Inc.
- Xiaomi
Corporation
- Arlo
Technologies, Inc.
- Amazon
Inc.
- Google
LLC
- Apple
Inc.
- Samsung
Electronics Co., Ltd.
- Honeywell
International Inc.
- Bosch
Security Systems Inc.
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“The India Connected Homes Market
presents several key opportunities. The rapid urbanization and rising
middle-class income levels create a strong demand for smart home technologies.
Advancements in Internet of Things (IoT) and artificial
intelligence (AI) are driving innovation in home automation systems. Growing
awareness of energy efficiency and sustainable living further propels the
adoption of smart energy management solutions. The expansion of 5G networks
enhances connectivity and supports seamless integration of smart devices.
Furthermore, increasing consumer preference for enhanced security features
presents opportunities for advanced home security systems. As government
initiatives support the development of smart cities, there is significant
potential for growth in connected home solutions, offering a lucrative market
for technology providers and investors.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based Global management consulting
firm.
“India Connected Homes Market By Functionality (Energy and Utilities Management, Smart Entertainment, Wellness and Monitoring, Security and Safety, Smart Appliance), By Component (Light Control Solution, Security Solution, Entertainment Solution, Home Healthcare Solution, Energy Management Solution), By Platform (Smartphones, Laptops, Home Gateway, Other), By Region, Competition, Forecast and Opportunities 2020-2030F”,
has evaluated the future growth potential of India Connected Homes Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Connected Homes Market.
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