India Home Automation Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0208400
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The India Home Automation Market size was estimated at USD 2.35 billion in 2023 and is projected to reach USD 5.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.00% during the forecast period (2024-2030).

India Home Automation Market

(Market Size)
$2.35 billion
$5.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 14.00%
2023 Market Size USD 2.35 billion
2030 Market Size USD 5.8 billion
Key Players Schneider Electric, Siemens, Legrand, Honeywell, Johnson Controls

Market Summary

The India home automation market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes, and a growing appetite for smart, connected living solutions. This market encompasses a wide array of products and systems designed to automate and control various household functions, including lighting, security, entertainment, and climate. The integration of these systems is primarily facilitated through the Internet of Things (IoT), enabling homeowners to manage their environments remotely via smartphones or voice commands. The manufacturing and construction sectors are pivotal, as new residential and commercial projects increasingly incorporate automation as a standard feature to enhance property value and appeal. The market is characterized by a dynamic competitive landscape with a mix of multinational corporations and domestic players vying for market share by offering innovative and cost-effective solutions tailored to the unique needs of the Indian consumer.

Key Highlights

The India home automation market is distinguished by several key trends that underscore its evolution. A significant highlight is the rapid adoption of IoT and AI technologies, which are making systems more intelligent, predictive, and energy-efficient. The demand for energy management solutions is particularly pronounced, as consumers seek to reduce electricity costs through automated control of appliances and lighting. Another critical trend is the increasing affordability of automation products, which is expanding the market beyond high-end luxury homes to the upper-middle-class segment. The security and surveillance segment remains a primary driver, with integrated systems offering real-time alerts and remote monitoring. Furthermore, the market is witnessing a surge in DIY (Do-It-Yourself) automation kits, which lower the barrier to entry and empower consumers to set up basic systems without professional installation. Partnerships between technology providers, real estate developers, and utility companies are also accelerating market penetration and creating new business models.

Drivers, Opportunities & Restraints

The growth of the India home automation market is propelled by several powerful drivers. The primary driver is the escalating pace of urbanization and the development of smart city initiatives by the government, which inherently promote integrated automation solutions. Rising disposable incomes and an expanding middle class have increased the affordability and desire for convenience, safety, and a modern lifestyle. The proliferation of high-speed internet and widespread smartphone usage provides the necessary infrastructure for seamless connectivity. Significant opportunities lie in the untapped potential of tier-II and tier-III cities, where awareness and adoption are still nascent. The integration of renewable energy sources with home automation systems presents another substantial opportunity for sustainable living. However, the market faces notable restraints, including the high initial investment required for comprehensive whole-home systems, which can be a barrier for price-sensitive consumers. A lack of universal standards leading to interoperability issues between devices from different manufacturers can cause consumer hesitation. Concerns regarding data privacy and cybersecurity also pose a challenge to wider adoption, necessitating robust security protocols from vendors.

Concentration Insights

The competitive concentration within the India home automation market is moderately fragmented, featuring a blend of established international giants and agile domestic companies. Major global players such as Schneider Electric, Siemens, and Honeywell have a strong presence, leveraging their brand reputation, extensive product portfolios, and robust distribution networks. These companies often focus on the premium segment and large-scale projects. Alongside them, a growing number of Indian companies and startups are making significant inroads by offering cost-effective, localized solutions that address specific regional needs and preferences. The market also includes a segment of specialized system integrators and distributors who play a crucial role in customizing and installing solutions for end-users. This diverse ecosystem creates a competitive environment that fosters innovation and price competition, ultimately benefiting the consumer. The concentration is highest in metropolitan areas but is gradually dispersing as companies expand their reach into emerging urban centers.

Type Insights

The India home automation market can be segmented by type into various system categories, each catering to distinct functionalities. The prominent types include lighting control systems, which allow for the automated or remote management of interior and exterior lights to enhance ambiance and save energy. Security and access control systems form a critical segment, encompassing smart locks, surveillance cameras, motion sensors, and alarm systems that provide homeowners with peace of mind. Entertainment control systems integrate audio, video, and multi-room entertainment for a seamless experience. HVAC (Heating, Ventilation, and Air Conditioning) control systems are gaining traction for their ability to optimize indoor climate and improve energy efficiency. Additionally, smart appliances, such as connected refrigerators and washing machines, represent a growing category. The trend is moving towards integrated ecosystems where these disparate systems can communicate with each other, creating a unified and intelligent home environment managed from a single interface.

Application Insights

In terms of application, the India home automation market is broadly divided into luxury residences, mid-range and affordable housing, and commercial spaces. The luxury residential segment was the early adopter, featuring high-end, customized whole-home automation systems that control everything from lighting and climate to audio-visual systems and pools. This segment continues to be a significant revenue generator. The application within mid-range and affordable housing is the fastest-growing segment, driven by the availability of modular and DIY solutions that offer core functionalities like smart lighting and security at accessible price points. The commercial application is also substantial, including office buildings, hotels, and retail spaces that utilize automation for energy management, security, and enhancing the occupant experience. The construction industry is increasingly partnering with automation providers to offer smart homes as a value-added feature in new developments, making automation a key differentiator in real estate marketing.

Regional Insights

Geographically, the demand for home automation in India is concentrated in its metropolitan and tier-I cities, including Mumbai, Delhi-NCR, Bengaluru, Hyderabad, and Chennai. These regions have higher per capita incomes, greater tech awareness, and a concentration of new real estate projects that are pre-wired for smart technologies. The western and southern regions of the country are currently leading in adoption due to their strong economic growth and IT hubs. However, the market potential in tier-II and tier-III cities is immense and largely untapped. As internet connectivity improves and awareness grows, these regions are expected to become the next growth frontier for market players. Government initiatives like the Smart Cities Mission are also playing a role in driving adoption beyond the major metros by fostering an ecosystem conducive to smart infrastructure, thereby promoting a more balanced regional development of the home automation market across India.

Company Insights

The India home automation market features a competitive landscape with several key players shaping its direction. Prominent multinational corporations such as Schneider Electric, Siemens, Honeywell, and Legrand have a formidable presence, offering comprehensive and reliable automation solutions often targeted at the premium and commercial segments. These companies compete on the basis of technological innovation, brand trust, and global expertise. Indian companies like Godrej & Boyce, with its Godrej Automation solutions, and Vivo, are also significant contenders, often focusing on cost-effectiveness and products tailored for the local market. The market also includes a vibrant startup ecosystem with companies such as Fibaro and Smartron introducing innovative and agile solutions. The competition is intensifying as companies strive to enhance product features, improve interoperability, and form strategic alliances with real estate developers and telecom providers to expand their market reach and customer base.

Recent Developments

The India home automation market is dynamic, with continuous recent developments reflecting its growth and innovation. A notable trend is the increasing number of strategic partnerships and collaborations between automation companies and real estate developers to integrate smart home technologies into new residential projects from the construction phase itself. There has been a significant push towards voice control integration, with systems becoming compatible with popular assistants like Amazon Alexa and Google Assistant. Companies are also heavily investing in enhancing cybersecurity features within their products to address growing consumer data privacy concerns. The introduction of more AI-powered solutions that offer predictive automation based on user behavior is another key development. Furthermore, the market is seeing a rise in white-label manufacturing and private labeling, allowing local brands to offer automation products without heavy R&D investment, thereby increasing the variety of options available to consumers.

Report Segmentation

This market research report on the India home automation market provides a detailed and structured analysis through a methodical segmentation approach. The report is segmented by type, which includes categories such as lighting control, security and access control, entertainment control, HVAC control, and smart appliances. It is further segmented by application, covering luxury homes, mid-range and affordable homes, and commercial spaces. A geographical segmentation breaks down the market presence and potential across key regions and major states in India, offering insights into regional disparities and opportunities. Additionally, the report includes a competitive landscape section that profiles leading companies, analyzing their market share, product offerings, and strategic initiatives. This multi-faceted segmentation allows for a comprehensive understanding of the market dynamics, target audience preferences, and growth pockets, providing stakeholders with actionable intelligence to inform their business strategies and investment decisions.

FAQs

What is home automation? Home automation refers to a system of networked, controllable devices that automate tasks within a home. These systems allow for the remote or automatic control of lighting, climate, entertainment, security, and appliances, often through a central hub or a mobile application, enhancing convenience, security, and energy efficiency.

How does IoT integrate with home automation? The Internet of Things (IoT) is the foundational technology for modern home automation. IoT enables various smart devices and sensors to connect to the internet and communicate with each other. This connectivity allows users to monitor and control their home systems remotely from their smartphones or other devices, and enables devices to trigger automated actions based on predefined rules or learned behaviors.

What are the main components of a home automation system? The main components typically include a central hub or controller that acts as the brain of the system, various sensors (e.g., motion, door/window, temperature), smart actuators (e.g., smart switches, smart locks, motorized blinds), and a user interface, which is usually a mobile app or a voice-activated assistant for issuing commands and receiving notifications.

Which companies are leading the home automation market in India? The market is led by a mix of international and domestic players. Key international companies include Schneider Electric, Siemens, Honeywell, and Legrand. Significant Indian players include Godrej & Boyce and Vivo. The market also features innovative startups like Fibaro and Smartron that are gaining traction with unique offerings.

What are the benefits of home automation? The primary benefits include enhanced convenience through remote control and scheduling of devices, improved security with real-time alerts and surveillance, increased energy efficiency by optimizing the use of appliances and HVAC systems, and potential cost savings on utility bills. It also can increase the property value of a home.

Is home automation only for luxury homes? No, this is a common misconception. While comprehensive whole-home automation began in the luxury segment, the market has rapidly expanded. Today, there are numerous affordable, modular, and DIY solutions available that allow homeowners to automate specific functions like lighting or security, making the technology accessible to mid-range and affordable housing segments as well.

Citius Research has developed a research report titled “India Home Automation Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• India Home Automation Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The India Home Automation Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

India Home Automation Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

India Home Automation Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of India Home Automation Market
• Research Methodology
• Executive Summary
• Market Dynamics of India Home Automation Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of India Home Automation Market
• Cost and Gross Margin Analysis of India Home Automation Market
• India Home Automation Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “India Home Automation Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

India Home Automation Market Key Stakeholders

Below are the key stakeholders for the India Home Automation Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

India Home Automation Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the India Home Automation Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the India Home Automation Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in India Home Automation Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global India Home Automation Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global India Home Automation Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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For further details request a free sample copy of this report here.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global India Home Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global India Home Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global India Home Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global India Home Automation Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America India Home Automation Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America India Home Automation Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe India Home Automation Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA India Home Automation Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific India Home Automation Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa India Home Automation Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia India Home Automation Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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