Home automation and IoT services are witnessing an increase in adoption in the Indian subcontinent with the advent of newer and more affordable technology innovations. Users are increasingly adopting smart speakers and voice-controlled technologies leading to smart revolution due to various associated benefits such as user convenience, enhanced security, and tremendous energy savings that can be achieved in the long run.
In India, the home automation market is driven by the rise in the number of start-ups who are aiming to make affordable smart home products, which is attractive to a larger section of people. Efforts by the Indian government to encourage Make in India initiative as well as Digital India campaign along with the aim of smart city development are all influencing the adoption of smart devices into homes. The ability of smart devices to integrate seamlessly into existing infrastructure without requiring many changes in wiring while also fulfilling the aim of enabling automation makes it appealing to homes in India. Home automation does not create much hassle for the user.
Smart home automation project has been the root for present day’s home automation devices, which over the years has led to the development of integrated smart homes. Today’s home automation consists mainly of four operational areas – Smart Lighting, Safety, Audio / Video and HVAC (Heating, Ventilation and Air Conditioning). Residential use is the highest on the market, accounting for almost 60% of the home automation industry.
Residential buyers account for almost 60% of India’s home automation industry (from which individual homes and cottages account for 75-80% of the market and builders account for about 20% of the market). This segment has the highest growth rate and is growing at a CAGR of 35-40%. The home automation market is highly fragmented, particularly in-home security systems.
Home appliances, entertainment and safety & access control products are among those categories with the highest demand in the smart home industry. Among other things, the demand for smart washing machines, refrigerators and home energy dashboards is expected to drive demand for smart home appliances on the smart home market.
Israel companies offers “Home Automation” solutions to communicate an integrated manner which results in convenience, energy efficiency, health, M2M and safety benefits.
All entrepreneurs of IoT, eHealth, robotics, smart energy, lighting and AVAC, adaptable ICT of Big data (BI/BA), cyber security, WSN and protocols.
Relevant companies, interested to learn more on Israel innovative technology are invited to contact the Trade and Economic Department at the Israeli Consulate General in Bengaluru.
Contact: Ms. Kavitha S
Trade Officer -Trade and Economic Mission, Consulate General of Israel to South India (Bangalore). Tel: +91-80-49406515. firstname.lastname@example.org