Smart air conditioners (AC) help the user monitor and control the AC from a remote location. Basically, it's connected with the Internet of things (IoT) hardware, and it controls the air conditioner via infrared, just like its remote function.

The rising elderly population demands increased responsibility from the healthcare industry to assist them with the slowly debilitating disability. These people need assistive devices to perform their day-to-day activities to maintain a healthy, independent, and dignified lifestyle.

As the online healthcare marketplace makes it easy for patients to connect with physicians of required expertise at their own place and time, the new-gen digital health devices provide physicians remote health status for efficient diagnosis.

By 2025, growing at a CAGR of 25.2% from 2020 and the value of the ECU or DCU would contribute to over 35% of the value.

The global volatile memory is expected to reach $82.03 Bn. by 2022 at a CAGR of 9.50% between 2017 and 2022. Based on various applications, consumer electronics, automotive applications, and healthcare monitoring are the most lucrative applications and they're expected to exhibit faster growth.

The future of IoT will drive change in rapidly evolving endpoint device capabilities and communication networks for increased reliability. The most commonly adopted among the available communication technologies are satellite and radio-frequency (RF).

Home automation has evolved from smart appliances that have led to the development of integrated smart homes. It consists of four functional segments: lighting, security, audio/video & heating, ventilating & air conditioning (HVAC). The global smart homes market is estimated to reach $135.5B by 2025.

India’s appliances and consumer electronics market is projected to double to reach $21.8B by 2025. The production of consumer electronics contributes to over 17% of total electronics produced in India.

India’s energy consumption is set to grow at 4.2% a year till 2035 and is arguably the fastest-growing among all major economies. Smart meters are truly a modern solution to the power sector and can play a pivotal role in improving power companies.