Powered by the Internet of Things, innovative home automation now allows users to tap into high-tech functionality and luxury in never imagined ways in the past.
Your alarm rings, drapes are opened, and the coffee pot starts brewing your espresso. Meanwhile, the lights come on, and the water heater is turned on. As soon as you step into the kitchen, basis the items available, your refrigerator suggests the kind of breakfasts you can whip up and also draws up a list of things you need to buy. Welcome to the continuously evolving and converging world of home automation and the intelligent home, fully powered by the Internet of Things. Simply put, a smart home refers to homes with appliances that can be controlled or operated by the user via a smartphone or a mobile app. Smart devices include lighting devices, air conditioning units, ovens, refrigerators, audio, and video entertainment systems, and cooling & heating units. The user monitors and controls the functions of smart home devices with home automation technology that include-wireless system and a wiring system. The wireless system comprises Z-wave, Wi-Fi, Infrared (IR), Bluetooth, and others. The wired systems include cabling to integrate sensors and smart home systems with internet cables and connectors. Once a dream, IOT home automation is slowly but steadily becoming a part of daily lives worldwide. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2022.
The driving force
Home automation and loT services are witnessing an increase in adoption in the Indian subcontinent with newer and more affordable technology innovations. Efforts by the Indian government to encourage the Make in India initiative and the Digital India campaign, along with the aim of smart city development, are all influencing the adoption of smart devices into homes. According to an Allied Market Research report, the Indian home automation market size was valued at $1,790.9 million in 2018 and is expected to reach $13,574.1 million by 2026, growing at a CAGR of 29.8% during the forecast period 2019-2026. In fact, as per a Statista statistic, India recorded the third-highest number of smart homes around the world in 2020. This can primarily be because the advantages of home automation are safety and security, convenience, low utility costs, and time-saving. Home automation systems in India have witnessed unprecedented demand in recent years, due to increased concerns about safety and security, especially in urban areas. Moreover, factors such as improved lifestyle, increase in disposable income, and surge in awareness about smart, automated systems have also boosted the adoption of home automation systems, thus driving the Indian home automation market growth.
What's in the offing?
Companies, tóo, are responding to this demand by flooding the market with smart devices and home automation technology capable of responding to voice and the ambiance. For instance, Panasonic, which is uniquely positioned in the Home Appliance space with consumer electronic products, appliances, and electrical devices, has now developed a loT-enabled home automation platform called MirAle with built-in Artificial Intelligence (AI) for the new-age consumer. This enables automated control of each appliance and lends the power to integrate various devices and appliances, thus offering a lifestyle of ease and convenience.
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