In the modern world we all are getting very dependent over technology. We are growing very swiftly in the digital world today. Now even homes are smarter by use of technology advancement which give us safety, security, automation, and many other crucial benefits in our day to day life. Smart homes concept is picking up attention even in some parts of sub-urban and rural areas in India.
In this digital era, we are dependent on technology for every aspect of our everyday life. At the same time, we are also conscious of sustainable way of life, conserving resources with the help of technology. Talking of efficiency and convenience, in future we would be completely reliant on technological innovations.
Currently Smart homes market pertains to luxury projects, very soon it will become a requirement in all categories of housing. According to a recent Statista report, revenue in India for the Smart Home market is pegged at US$870m and the average revenue per installed Smart Home is US$97.59.Some of the main advantages of smart homes are safety and security, reduced manual intervention, convenience at the tap of a button, connectivity and accessibility. Considering the Internet of Things (IoT), every technology under home automation will make life easier, help in better time management, planning and efficient use of resources
Initially, in the Indian market smart homes catered to the luxury homebuyers. Owing to the price factor, the benefits were majorly limited to the high end market. But, with increased internet penetration, smart homes concept is picking up attention even in some parts of sub-urban and rural areas. In cities, with a lot of tech savvy crowd and IT/ITeS employees, smart homes market is gaining traction at a promising rate.
Since, today’s generations will become future homebuyers, realty market is dependent on digital upgrade for the technology savvy generation. As discussed earlier, in this digital age, easy connectivity and security lures the home buyers to consider smart homes as a worthy investment.
Moreover, the tech savvy consumers are well-aware of surplus benefits and prefer minimum of two smart features in their homes. Eg. Digital Main Door access, light and fan control. Understanding the consumer preference, companies need to slowly implement such digital advances to adapt to the change and be future ready.
Since, today’s generations will become future homebuyers, realty market is dependent on digital upgrade for the technology savvy generation. As discussed earlier, in this digital age, easy connectivity and security lures the home buyers to consider smart homes as a worthy investment.
Moreover, the tech savvy consumers are well-aware of surplus benefits and prefer minimum of two smart features in their homes. Eg. Digital Main Door access, light and fan control. Understanding the consumer preference, companies need to slowly implement such digital advances to adapt to the change and be future ready.
Our educated youth migrate to the urban areas in search of jobs and ultimately settle in the cities or urban work areas. This buyer segment with the desire to own a house in sync with the current trend aspires for Smart homes or homes that are adept to evolving technologies.
In a country like India, where technology and digitalization is fast growing and accessible, home automation at affordable pricing would be a welcoming move. At present, apart from smart light/fan controls, other features gaining popularity among home buyers are security systems including CCTV, fire response and fighting systems and water management systems. With technological advancements this trend will rapidly evolve and many more smart features would gain demand among the end users.
The sector is witnessing prominent growth due to its various advantages. Apart from luxury segment, with home automation provided at affordable prices, homebuyers from various segments will begin opting for smart home and its benefits. Statista report also predicts Indian smart home market to hit 7.2% by 2023. In the wake of these positive numbers, I expect the overall industry to grow steadily in the future.
I've been attending Smart Home Expo since its inception, and I'm pleased to see the event's growth over the last four years. By far the best technology show I've seen in India. It's incredible to see over 150 home technology brands in one place. I would like to wish the organiser's all the best for future events.
I am honored to preside over the inauguration of the 'Smart Home Expo 2023'. I am truly impressed by the array of cutting-edge innovations for Smart Homes showcased by both Indian and international companies. India's ascent to becoming one of the world's largest markets for smart home devices can be attributed to the dynamic leadership of the Honorable Prime Minister, Shri Narendra Modi Ji.
Smart home expo is first of it's kind Exhibition focusing on home automation & smart home technology , We sent a delegation of 50 IIID chapters to the event, and we hope to return to Smart Home Expo in the future. The event is extremely beneficial in understanding the new home technologies available in the market.
In 2023, we formed a partnership with the Smart Home Expo, and we were truly delighted by the incredible response received for KNX and its associated partners within the KNX Pavilion. We are eagerly looking forward to the Mumbai Smart Home Expo and are thrilled to announce our renewed partnership with them for future shows.
Smart home expo has been a massive success in terms of visitors turnout , focused b2b home automation visitors.
Smart Home Expo has exceeded the expectations , we had a very successful event and the show will only grow from here.
It was super exciting to host electrifying discussion at 1st Edition of Smar Home Expo with 100% attendance! Thanks to Smart Home Expo for organising a super event & the expert hashtagpanelists for sharing such a wealth of information.
We have participated in Smart Home Expo for the second time and we feel that it has been a wonderful decision for GM to showcase Home Automation Range . Visitors were product & field specific and it has been a real eye opener for us .
This expo has been organised at very critical time when consumers are just warming up to the concept of having the Smart Homes .Smart Home Expo is very useful for Architects & Designers to understand the new home automation solutions which are there in the market.
Smart home expo has been a great event to get exposure to the latest smart home solutions for real estate developers , I wish the organizer a big congratulations for such a grand launch.
Smart Home Expo is a great initiative by World Media and Expo for Indian Smart Home Industry , as a real estate developer I am super excited to see the various solutions for connected & smart homes . We have witnessed a World class event in last two days , i wish all the best for future editions.
Indian Society of Lighting Engineers is pleased to associate with Smart Home Expo. This event will help to unveil the latest technology in lighting segment and smart home category.
I am honored to preside over the inauguration of the 'Smart Home Expo 2023'. I am truly impressed by the array of cutting-edge innovations for Smart Homes showcased by both Indian and international companies. India's ascent to becoming one of the world's largest markets for smart home devices can be attributed to the dynamic leadership of the Honorable Prime Minister, Shri Narendra Modi Ji.
I've been attending Smart Home Expo since its inception, and I'm pleased to see the event's growth over the last four years. By far the best technology show I've seen in India. It's incredible to see over 150 home technology brands in one place. I would like to wish the organiser's all the best for future events.
Smart home expo is first of it's kind Exhibition focusing on home automation & smart home technology , We sent a delegation of 50 IIID chapters to the event, and we hope to return to Smart Home Expo in the future. The event is extremely beneficial in understanding the new home technologies available in the market.
In 2023, we formed a partnership with the Smart Home Expo, and we were truly delighted by the incredible response received for KNX and its associated partners within the KNX Pavilion. We are eagerly looking forward to the Mumbai Smart Home Expo and are thrilled to announce our renewed partnership with them once more .
Smart home expo has been a massive success in terms of visitors turnout , focused b2b home automation visitors.
Smart Home Expo has exceeded the expectations , we had a very successful event and the show will only grow from here.
It was super exciting to host electrifying discussion at 1st Edition of Smar Home Expo with 100% attendance! Thanks to Smart Home Expo for organising a super event & the expert hashtagpanelists for sharing such a wealth of information.
We have participated in Smart Home Expo for the second time and we feel that it has been a wonderful decision for GM to showcase Home Automation Range . Visitors were product & field specific and it has been a real eye opener for us .
This expo has been organised at very critical time when consumers are just warming up to the concept of having the Smart Homes .Smart Home Expo is very useful for Architects & Designers to understand the new home automation solutions which are there in the market.
Smart home expo has been a great event to get exposure to the latest smart home solutions for real estate developers , I wish the organizer a big congratulations for such a grand launch.
Smart Home Expo is a great initiative by World Media and Expo for Indian Smart Home Industry , as a real estate developer I am super excited to see the various solutions for connected & smart homes . We have witnessed a World class event in last two days , i wish all the best for future editions.
Indian Society of Lighting Engineers is pleased to associate with Smart Home Expo. This event will help to unveil the latest technology in lighting segment and smart home category.
May 2-3-4 , 2024
Jio World Centre – Mumbai
“Smart Home Expo has positioned itself as a one-stop location to see the newest technological advancements. The previous edition, which attracted more than 12000 visitors from India and surrounding nations. The Smart Home Expo is known for drawing repeat participation from its prior exhibitors and sponsors. To engage and promote smart technology, the previous edition held an exhibition, a tech conference, and the Smart Space Awards. India’s Smart Home market is expanding significantly year over year, and the Smart Home Expo will continue to feature the most cutting-edge innovation companies. See you all in 2024 at Jio World Convention Centre, in Mumbai!