Smart Home - India
- Revenue in the Smart Home market is projected to reach US$4.43bn in 2022.
- Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 8.15%, resulting in a projected market volume of US$6.85bn by 2027.
- In the Smart Home market, the number of active households is expected to amount to 66.12m users by 2027.
- Household penetration will be 7.5% in 2022 and is expected to hit 18.4% by 2027.
- The average revenue per installed Smart Home currently is expected to amount to US$184.00.
- A global comparison reveals that most revenue is generated in the United States (US$31,450.00m in 2022).