Market Analysis
Emergency Assistive IoT for Elderly & Dependents
TAM
₹40,000 - 48,000 Cr
USD 5-6 Billion
Combined market segments:
- India Assistive Technology: USD 2.40B (2024)Source: [KenResearch],[IMARC]
- IoT Devices Market: USD 2.89B (2024)Source: [GrandView]
- IoT for Public Safety: USD 1.98B (2022)Source: [Stratview],[M&M]
SAM
₹5,800 Cr
USD 716 Million
India Disabled & Elderly Assistive Devices Market (2023)
Projected to reach USD 2.77B by 2030
Sources: [WiseGuy],[GrandView],[KenResearch]
SOM
₹50 - 200 Cr
USD 6-24 Million
Go-to-Market Plan:
- Pilot: 50,000 units @ ₹10,000 each
- Scale (3-5 years): 200,000 units
Market Growth & Opportunities
Market Projections
- →Source: [IMARC]
Assistive Technology Market
USD 2.40B (2024) → USD 3.50B (2033)
- →Sources: [Allied],[GrandView]
IoT Devices Market
USD 2.89B (2024) → USD 10.28B (2030)
- →Source: [Stratview]
IoT for Public Safety
USD 1.98B (2022) → USD 4.56B (2029)
Key Growth Drivers
- ✓
Elderly Demographics
Growing elderly population in India requiring assistive care
- ✓
Rising Safety Concerns
Increased focus on elderly safety and emergency response
- ✓
Smart Home Adoption
Growing acceptance of IoT devices in Indian households
- ✓