Smart Home

  • India
  • Revenue in the Smart Home market is projected to reach US$5,163m in 2022.
  • Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 12.90%, resulting in a projected market volume of US$8,390m by 2026.
  • In the Smart Home market, the number of active households is expected to amount to 54.0m users by 2026.
  • Household penetration will be 7.5% in 2022 and is expected to hit 15.4% by 2026.
  • The average revenue per installed Smart Home currently is expected to amount to US$214.25.
  • A global comparison reveals that most revenue is generated in the United States (US$33,659m in 2022).
  • In the year 2021 a share of 39.4% of users is in the high income group.
  • In the year 2021 a share of 39.3% of users is 25-34 years old.
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