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.

In 2016, total global energy came from 80% of fossil fuels (coal, natural gas, and petroleum). 6% of greenhouse emissions derive from energy used for lighting. Globally, 19% of electricity use is for commercial and residential lighting.

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.

Drones were originally designed for military applications. The global commercial drone market is expected to grow at a CAGR of 17% up to 2023 across diversified industries.

Owing to rapidly evolving emission standards and the rise of fuel prices between 8 to 15%, the acquisition, and charging of electric vehicles (EV) is expected to produce a downtrend of up to 4% for commercial EVs.

The hyper-scale data center market is expected to grow to $80.65B by 2022 at a CAGR of 26.32%. There are more than 500 hyper-scale data centers in the world.

Power electronics enable solar grid integration and grid modernization technologies, as the forecast suggests that 80% of electricity would need some form of power electronics.

The two-way voice was one of the first commercial applications of radio technology. It was first implemented in the patrol cars of the New Jersey Police Department in 1993; since then, it evolved beyond public safety and positioned itself as an invaluable tool for mobile professionals in the areas of transportation, education, building construction, energy, etc.