Multiple factors have contributed towards the growth of home automation, entertainment and security systems, namely the growth of smart phones, penetration of mobile apps, coupled with the rise in income levels of the middle class. The popularity of home automation and controls has been on the rise due to greater simplicity and affordability through connectivity using Wi-Fi-enabled devices such as tablets and smartphones.
India is the fastest growing market for home automation. The industry has been witnessing an annual growth rate of 30-40 per cent. Given the burgeoning demand for electricity in India, conserving energy also becomes an imperative for the future. And herein lays the opportunity for automation systems, which control the basic functions of a home automatically or through remote access of a computer and improve the standard of living, while ensuring energy efficiency.
The home automation market is worth about $300 million as of today and the growth potential of the sector has been pegged at Rs 20,000 crore ($3.2 billion) by 2020. In the current market, the surge of smart phone usage will contribute significantly to Home automation usage in the upcoming years.
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