The India connected homes market size reached USD 4.53 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 12.76 Billion by 2033, exhibiting a growth rate (CAGR) of 11.22% during 2025-2033. The market is growing due to increasing internet penetration, rising disposable incomes, expanding smart city initiatives, growing consumer awareness, widespread adoption of artificial intelligence (AI) and Internet of Things (IoT), increasing demand for energy efficiency, and the expansion of home automation solutions across urban and semi-urban areas.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 4.53 Billion |
Market Forecast in 2033 | USD 12.76 Billion |
Market Growth Rate 2025-2033 | 11.22% |
Growing Adoption of AI and IoT in Smart Homes
The integration of AI and the IoT is transforming the India connected homes market outlook. In line with this, the market for urban buyers is shifting toward devices under voice command, AI-powered cameras, and smart lighting options. Moreover, connected home technology through IoT creates simple automatic device connections that boost household efficiency as well as protection mechanisms and simplify daily operations. These technologies experience increased adoption because of expanding 5G and broadband network technologies. For instance, in March 2025, Elon Musk's Starlink partnered with India's leading telecom operators, Reliance Jio and Bharti Airtel, to bring satellite internet services to remote parts of India, enhancing the infrastructure for IoT-enabled smart homes. Besides this, the adoption of AI-based predictive maintenance for home appliances continues to rise which reduces operational costs and gives users better experiences. Furthermore, businesses adopt AI-based home ecosystem platforms for users while consumers want automated personalized homes because they choose these systems to match individual needs. The implementation of AI and IoT-based home automation solutions also receives support from government policies focused on digitalization and smart cities which reduces the cost of smart living solutions, thus making them accessible to wider groups of people.
Rising Demand for Energy-Efficient and Sustainable Smart Homes
The rising demand for energy efficiency and sustainability is driving the India connected homes market growth. In addition to this, Indian homeowners have started adopting smart energy management systems that contain automated lighting along with intelligent thermostats and energy-monitoring solutions as they are focused on reducing electricity expenses and environmental impact. Concurrently, modern home technology that works with solar power systems is becoming increasingly popular because it supports the renewable energy (RE) initiatives of the country. For example, in February 2024, Finance Minister Nirmala Sitharaman announced a rooftop solarization initiative aiming to provide up to 300 units of free electricity monthly to one crore households, promoting the adoption of solar energy in residential sectors. In confluence with this, the Indian government emphasis on enforcing environmental policies related to green buildings as energy conservation measures creates momentum for sustainable home automation adoption. Moreover, people are becoming more interested in smart home appliances that maximize energy usage since energy-efficient air conditioners, refrigerators, and water heaters now track power use in real time. Apart from this, smart meters coupled with home energy management systems allow homeowners to base their reduction of carbon emissions on data they track for their homes. As a result, companies release eco-friendly smart home solutions that target environmentally conscious customers because sustainability elements have become essential buying factors, thereby boosting the India connected homes market share.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on functionality, component, and platform.
Functionality Insights:
The report has provided a detailed breakup and analysis of the market based on the functionality. This includes energy and utilities management, smart entertainment, wellness and monitoring, security and safety, and smart appliance.
Component Insights:
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes light control solution, security solution, entertainment solution, home healthcare solution, and energy management solution.
Platform Insights:
The report has provided a detailed breakup and analysis of the market based on the platform. This includes smartphones, laptops, home gateway, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Functionalities Covered | Energy, Utilities Management, Smart Entertainment, Wellness, Monitoring, Security, Safety, Smart Appliance |
Components Covered | Light Control Solution, Security Solution, Entertainment Solution, Home Healthcare Solution, Energy Management Solution |
Platforms Covered | Smartphones, Laptops, Home Gateway, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: