India Consumer Iot Market Size & Outlook, 2025-2033

The consumer iot market in India is expected to reach a projected revenue of US$ 31,216.7 million by 2033. A compound annual growth rate of 13.3% is expected of India consumer iot market from 2025 to 2033.
Revenue, 2024 (US$M)
$10,398.4
Forecast, 2033 (US$M)
$31,216.7
CAGR, 2025 - 2033
13.3%
Report Coverage
India

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India consumer iot market, 2021-2033 (US$M)

India consumer iot market, 2021-2033 (US$M)

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India consumer iot market highlights

  • The India consumer iot market generated a revenue of USD 10,398.4 million in 2024 and is expected to reach USD 31,216.7 million by 2033.
  • The India market is expected to grow at a CAGR of 13.3% from 2025 to 2033.
  • In terms of segment, hardware was the largest revenue generating component in 2024.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.

Consumer iot market data book summary

Market revenue in 2024USD 10,398.4 million
Market revenue in 2033USD 31,216.7 million
Growth rate13.3% (CAGR from 2025 to 2033)
Largest segmentHardware
Fastest growing segmentServices
Historical data2021 - 2023
Base year2024
Forecast period2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideAlphabet Inc Class A, Amazon.com Inc, Apple Inc, Cisco Systems Inc, Honeywell International Inc, International Business Machines Corp, Intel Corp, Microsoft Corp, Samsung Electronics Co Ltd, AT&T, LG Energy Solution

Other key industry trends

  • In terms of revenue, India accounted for 3.9% of the global consumer iot market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
  • In Asia Pacific, China consumer iot market is projected to lead the regional market in terms of revenue in 2033.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 31,216.7 million by 2033.

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Consumer IoT Market Companies

Name Profile # Employees HQ Website
LG Energy Solution View profile 10001+ Seoul, Seoul-t'ukpyolsi, South Korea, Asia https://www.lgensol.com
AT&T View profile 10001+ Dallas, Texas, United States, North America https://www.att.com
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com
Alphabet Inc Class A View profile 180895 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 https://www.abc.xyz
Microsoft Corp View profile 221000 One Microsoft Way, Redmond, WA, United States, 98052-6399 https://www.microsoft.com
International Business Machines Corp View profile 282200 One New Orchard Road, Armonk, NY, United States, 10504 http://www.ibm.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com
Apple Inc View profile 161000 One Apple Park Way, Cupertino, CA, United States, 95014 https://www.apple.com
Amazon.com Inc View profile 1525000 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 https://www.amazon.com

India consumer iot market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer iot market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 41.34% in 2024. Horizon Databook has segmented the India consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2021 to 2033.


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Horizon Databook provides a detailed overview of country-level data and insights on the India consumer iot market , including forecasts for subscribers. This country databook contains high-level insights into India consumer iot market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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India Component - Consumer Iot Market size, 2024 - 2033 (US$M)

India Consumer IoT Market Outlook Share, 2024 & 2033 (US$M)

India Component - Consumer Iot Market size, 2024 - 2033 (US$M)

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