This statistic represents the market share of lighting industry across India in fiscal year 2017, by company. During the measured time period, Philips had a market share of about 26 percent in the lighting market across India.

India Beauty Devices Market was valued at USD 1.81 Billion in 2024 and is expected to reach USD 4.31 Billion by 2030 with a CAGR of 15.56%.

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Market Size	2024: USD 1.81 Billion
Forecast Market Size	2030: USD 4.31 Billion
CAGR	2025-2030: 15.56%
Fastest Growing Segment	Online
Largest Market	North
Key Players	1. Philips India Limited 2. Panasonic Life Solutions India Private Limited 3. Procter & Gamble Hygiene and Health Care Limited 4. Vega Industries Private Limited 5. Havells India Ltd 6. Syska Led Lights Pvt Ltd 7. Dyson Technology India Pvt Ltd 8. Beurer India Private Limited 9. SSIZ International Pvt Ltd 10. Flawless Beauty Products and Services Private Limited

The Asia-Pacific (APAC) healthcare IT market is experiencing robust growth, driven by increasing government initiatives promoting digital healthcare, a rising elderly population demanding better healthcare access, and the expanding adoption of telehealth and telemedicine solutions. The region's diverse healthcare systems present both opportunities and challenges. While countries like Japan and South Korea exhibit advanced technological adoption, others in the region are still in the early stages of digital transformation. This disparity creates a complex market landscape with varying levels of technological maturity and infrastructure development. The market is segmented by solution (LIS, PACS, RIS, EHR, etc.), end-user (payers, providers), and country (China, South Korea, Japan, India, and Rest of APAC). Major players like IBM, Philips, Allscripts, McKesson, and Tata Consultancy Services are vying for market share, leading to intense competition and innovation. The high CAGR of 8.50% indicates significant future growth potential, particularly as countries invest further in improving healthcare infrastructure and patient outcomes. The increasing prevalence of chronic diseases and the rising demand for efficient healthcare delivery systems are further fueling this market expansion. Factors such as data security concerns and the need for robust cybersecurity measures, along with the high cost of implementing and maintaining advanced healthcare IT systems, are potential restraints. However, the overall outlook for the APAC healthcare IT market remains positive, with substantial opportunities for growth and expansion across various segments and countries in the coming years. The focus on interoperability and data standardization is expected to play a crucial role in shaping the future of the market. The market's trajectory is heavily influenced by government regulations and policies aimed at promoting digital health initiatives. The success of major players hinges on their ability to adapt to the unique needs and complexities of each APAC country. The integration of Artificial Intelligence (AI) and machine learning (ML) is expected to further drive market expansion, particularly in areas such as clinical decision support and predictive analytics. Strategic partnerships and mergers & acquisitions are likely to play a significant role in shaping the market consolidation and technological advancements. The increasing adoption of cloud-based solutions is further contributing to the overall growth of the APAC healthcare IT market by offering scalability, cost-effectiveness, and improved data accessibility. The future landscape will likely see greater focus on personalized medicine and value-based care, requiring further sophistication and integration within healthcare IT systems. Recent developments include: August 2022: Intellect, Asia Pacific's mental health technology company, declared its official launch in Japan as part of its regional expansion plans. Intellect's launch in Japan is heavily backed by some of Japan's most prominent venture capital investors, including JAFCO Asia, Headline Asia, DG Daiwa Ventures, and some of the largest Japanese conglomerates, PERSOL Holdings, and MS&AD Ventures., February 2022: The Indian government announced two new projects to promote digital health for its citizens as it continues to battle the ongoing COVID-19 pandemic. The government would launch an open platform connecting the country's digital health ecosystem under the Ayushman Bharat Digital Health Mission (ABDM). The platform would include digital registries of health providers and facilities, unique health identities, a consent framework, and universal access to health facilities.. Key drivers for this market are: Supportive government policies and introduction of FDI in major countries to aid adoption, Growing pressure on the healthcare infrastructure in the region due to high population coupled with the need to reduce expenditure; Emergence of Singapore and other SEA countries as a hub in medical IT sector backed by the strong investment activity and higher propensity to adopt digital transformation practices5.1.4 key global cues such as patient-based & on-demand healthcare delivery & continuous monitoring expected to drive adoption in Asia; Early adopters such as Japan and China continue to record steady growth due to demographic and economic conditions. Potential restraints include: High Costs and Operational Concerns, Concerns related to Geoprivacy and Confidential Data. Notable trends are: Patient Based Systems (Remote Healthcare, Wearables etc.) is Expected to Hold the Largest Market Share.

The India Dental Devices Market, valued at approximately ₹15000 million (estimated) in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.50% from 2025 to 2033. This expansion is fueled by several key drivers. Rising dental awareness among the burgeoning middle class, coupled with increasing disposable incomes, is leading to greater demand for advanced dental treatments and technologies. Furthermore, the government's initiatives to improve healthcare infrastructure and access to quality dental care are playing a significant role. The increasing prevalence of dental diseases like caries, periodontal disease, and malocclusion also contributes to market growth. Technological advancements in dental lasers, digital radiology, and implantology are further enhancing treatment efficacy and patient experience, thereby stimulating market demand. The market is segmented by product type (general and diagnostic equipment, consumables, and other devices), treatment type (orthodontics, endodontics, periodontics, and prosthodontics), and end-user (hospitals, clinics, and others). The segment of general and diagnostic equipment, particularly dental lasers and advanced imaging systems, is expected to witness significant growth due to its efficiency and diagnostic capabilities. However, the market faces certain restraints. High costs associated with advanced dental treatments and equipment remain a barrier for a large section of the population. Also, the uneven distribution of dental professionals across the country, particularly in rural areas, limits accessibility to quality dental care. Nevertheless, the overall positive trajectory of the Indian economy, coupled with the increasing focus on preventive healthcare, suggests that the India Dental Devices Market will continue to expand steadily in the coming years. The presence of established international players like 3M, Dentsply Sirona, and Philips Healthcare, alongside emerging domestic companies, ensures a competitive and dynamic market landscape. The market's future hinges on addressing affordability concerns and expanding access to dental services, particularly in underserved regions. Recent developments include: In November 2021, Jammu-based dental materials manufacturer Prevest DenPro Limited launched three innovative biomaterials in the dental health care sector., In August 2021, Vatech, a global dental imaging device manufacturer, reported that it launched an e-commerce platform for selling and distributing dental supplies in India. This move is part of Vatech's broader strategy to diversify its business interests in countries with the largest market share.. Key drivers for this market are: Increasing Burden of Oral Diseases and Ageing Population, Technological Advancements in Dentistry. Potential restraints include: Increasing Burden of Oral Diseases and Ageing Population, Technological Advancements in Dentistry. Notable trends are: Radiology Equipment Segment Expected to Register High Growth During the Forecast Period.

The India Vacuum Cleaners Market is valued at around USD 42 million in 2023 and is estimated to grow at a CAGR of about 2.18% % during the forecast period 2025-30. Dyson, Philips Indian Limited, Panasonic India Pvt. Ltd., Roidmi, TTK Prestige are top vacuum cleaners companies in India.

The India Automotive Adaptive Front Lighting (AFL) market is experiencing robust growth, driven by increasing vehicle production, rising consumer demand for enhanced safety features, and stringent government regulations promoting advanced driver-assistance systems (ADAS). The market, valued at approximately ₹1500 million (estimated) in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 6% from 2025 to 2033. This growth is fueled by the expanding mid-segment passenger vehicle segment, which constitutes a significant portion of the overall automotive market in India. Furthermore, the increasing adoption of AFL systems in premium vehicles is contributing significantly to market expansion. The aftermarket segment, although currently smaller than the Original Equipment Manufacturer (OEM) segment, presents a considerable opportunity for growth as the lifespan of vehicles extends and consumers opt for upgrades to improve safety and visibility. Technological advancements leading to more cost-effective and energy-efficient AFL systems are also expected to drive market penetration. However, the market faces certain challenges. The high initial cost of AFL systems compared to conventional lighting solutions remains a barrier to broader adoption, particularly in the entry-level vehicle segment. Furthermore, the lack of awareness about the benefits of AFL systems among consumers in certain regions may impede market growth. Despite these constraints, the increasing focus on road safety and the government's push for vehicle safety standards will likely overcome these challenges. The competitive landscape comprises both global and domestic players, with established automotive lighting suppliers such as Hella, Valeo, and Koito, alongside technologically advanced players like Philips and Texas Instruments, shaping the market dynamics. The continued growth in India's automotive sector and a greater focus on advanced safety features suggest a positive outlook for the AFL market in the forecast period. Notable trends are: Front headlight will lead the market.

Smart TV, one of the newer trends in both the television and smart home appliance industry, has been growing strong in the Indian market. Most television manufacturers have been focusing on broadening their product portfolios with smart TVs, and as a result, the price of entry level smart TVs has been brought down to less than 200 U.S. dollars. In the first quarter of 2024, Samsung led the Indian smart TV market with 16 percent market share based on shipments.
Smart TV market During the coronavirus pandemic, the demand for televisions was further boosted by an increased need for home entertainment and an overall growing popularity of OTT content. In India, the top five brands of smart TV captured nearly half of the market share and more than 95 percent of the televisions sold in India were also manufactured locally. However, despite the rise of VU, other domestic brands haven’t performed well in this sector due to a combination of business strategies missing the mark, supply chain management issues, and fierce competition from foreign companies. Smart home devices Thanks to the fast expansion of cheap internet across the country and development of the internet of things technology, India was estimated to be the third-largest market for smart home devices in the world. Among various smart home devices, the most common in Indian households were smart speakers and smart TV. Amazon and Philips were the most poplar brands for these two categories respectively. Despite huge sales numbers, the penetration of these devices is still relatively low in comparison to India’s more developed Asian neighbors. It was estimated that in year 2024, the penetration of smart home devices would cross 10 percent across the South Asian country.

India Air Fryer Market was valued at USD 180.44 Million in 2024 and is expected to reach USD 254.62 Million by 2030 with a CAGR of 5.91% during the forecast period.

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Market Size	2024: USD 180.44 Million
Forecast Market Size	2030: USD 254.62 Million
CAGR	2025-2030: 5.91%
Fastest Growing Segment	Online
Largest Market	South
Key Players	1. Philips India Limited 2. Tuareg Marketing Pvt Ltd (INALSA) 3. Bajaj Electricals Ltd 4. Panasonic Life Solutions India Pvt. Ltd 5. LG Electronics India Limited 6. Havells India Ltd. 7. Decure Connect Pvt Ltd 8. Breville Group Limited 9. KENT RO Systems Ltd. 10. Wonderchef Home Appliances Pvt. Ltd

The India Diagnostic Imaging Equipment Market is experiencing robust growth, projected to reach $1.49 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 10.30% from 2025 to 2033. This expansion is fueled by several key factors. Rising prevalence of chronic diseases like cancer, cardiovascular ailments, and neurological disorders necessitates increased diagnostic testing, driving demand for advanced imaging technologies. Furthermore, improvements in healthcare infrastructure, a growing middle class with increased disposable income leading to greater access to healthcare, and government initiatives promoting healthcare accessibility are all contributing to market growth. Technological advancements, such as the introduction of AI-powered diagnostic tools and minimally invasive procedures, are also enhancing the efficiency and accuracy of diagnostic imaging, further stimulating market expansion. The market is segmented by modality (MRI, CT, Ultrasound, X-Ray, Nuclear Imaging, Others), application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), and end-user (Hospitals, Diagnostic Centers, Others). MRI and CT scanners are expected to hold significant market share due to their superior imaging capabilities, while the demand for portable and cost-effective ultrasound systems is also increasing, particularly in smaller clinics and rural areas. Competition in the Indian Diagnostic Imaging Equipment Market is intense, with both domestic and international players vying for market share. Key players include established multinational corporations like Fujifilm, GE Healthcare, Canon, Philips, Siemens, and Shimadzu, alongside emerging domestic companies. These companies are focused on expanding their product portfolios, investing in research and development, and establishing strategic partnerships to gain a competitive edge. Challenges remain, however, including high equipment costs, a shortage of skilled radiologists and technicians, and the need for improved regulatory frameworks to ensure quality and safety. Despite these challenges, the market's positive growth trajectory is expected to continue, driven by increasing healthcare expenditure and the ongoing need for accurate and timely diagnostic information. Recent developments include: April 2022: Wipro GE Healthcare announced the launch of its next-generation Revolution Aspire CT (Computed Tomography) scanner in India, which is the first made-in-India CT scanner., June 2022: Trivitron Healthcare intended to launch made-in-India CT-Scan and MRI in the fiscal year 2022-23. Because of its smart features, low cost, and portability, it will be used for better diagnosis in both the Indian and international markets.. Key drivers for this market are: Rise in the Prevalence of Chronic Diseases, Increased Adoption of Advanced Technologies in Medical Imaging; Growing Geriatric Population. Potential restraints include: Rise in the Prevalence of Chronic Diseases, Increased Adoption of Advanced Technologies in Medical Imaging; Growing Geriatric Population. Notable trends are: MRI Segment is Expected to Hold a Significant Market Share Over the Forecast Period.

The India Diagnostic Imaging Equipment Market is experiencing robust growth, fueled by a rising prevalence of chronic diseases, increasing healthcare expenditure, and expanding diagnostic infrastructure. The market, valued at approximately ₹XX million (estimated based on provided CAGR and market size data) in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 10.30% from 2025 to 2033. This growth is primarily driven by the increasing adoption of advanced imaging technologies like MRI and CT scans, particularly in urban areas. Technological advancements leading to improved image quality, faster scan times, and reduced radiation exposure are further stimulating market expansion. Government initiatives promoting healthcare infrastructure development and increasing affordability of diagnostic services are also contributing positively to market growth. However, factors such as high equipment costs, the need for skilled professionals, and regional disparities in healthcare access pose challenges to market penetration, particularly in rural areas. Segmentation reveals MRI, CT, and Ultrasound as the leading modalities, driven by their versatility and diagnostic capabilities across various applications. Cardiology, Oncology, and Neurology are major application segments, reflecting the high prevalence of cardiovascular diseases, cancer, and neurological disorders in India. Hospitals and diagnostic centers constitute the dominant end-users, benefiting from the centralized nature of these facilities and high patient volume. While the North and South regions currently hold a larger market share, significant growth potential lies in the East and West regions, driven by increasing healthcare investments and urbanization. Key players such as Shimadzu Medical, GE Healthcare, Philips, and Siemens are actively participating in this expanding market, focusing on technological advancements, strategic partnerships, and distribution networks to capture significant market share. The forecast period suggests a continued rise in market value, driven by the factors mentioned above and the ongoing expansion of the healthcare sector in India. Recent developments include: April 2022: Wipro GE Healthcare announced the launch of its next-generation Revolution Aspire CT (Computed Tomography) scanner in India, which is the first made-in-India CT scanner., June 2022: Trivitron Healthcare intended to launch made-in-India CT-Scan and MRI in the fiscal year 2022-23. Because of its smart features, low cost, and portability, it will be used for better diagnosis in both the Indian and international markets.. Key drivers for this market are: Rise in the Prevalence of Chronic Diseases, Increased Adoption of Advanced Technologies in Medical Imaging; Growing Geriatric Population. Potential restraints include: High Cost of Diagnostic Imaging Procedures and Equipment, Side Effects of Diagnostic Imaging Procedures. Notable trends are: MRI Segment is Expected to Hold a Significant Market Share Over the Forecast Period.

The global market for image guided systems is forecasted to attain USD 9,046.8 million by 2025, expanding at 8.1% CAGR to reach USD 19,622.4 million by 2035. In 2024, the revenue of this market was around USD 8,418.6 million.

Metric	Value
Industry Size (2025E)	USD 9,046.8 million
Industry Value (2035F)	USD 19,622.4 million
CAGR (2025 to 2035)	8.1%

Country-wise Insights

Country	CAGR (2025 to 2035)
United States	7.5%

Country	CAGR (2025 to 2035)
Germany	6.0%

Country	CAGR (2025 to 2035)
India	8.6%

Country	CAGR (2025 to 2035)
China	9.2%

Country	CAGR (2025 to 2035)
Brazil	8.2%

Competitive Outlook

Company Name	Estimated Market Share (%)
GE Healthcare	15.9%
Koninklijke Philips N.V.	23.6%
Medtronic plc	11.9%
Siemens Healthineers	13.2%
Stryker	10.2%
Other Companies (combined)	25.1%

The India Respiratory Measurement Devices Market, valued at $0.87 billion in 2025, is projected to experience robust growth, driven by a rising prevalence of respiratory illnesses like asthma, COPD, and sleep apnea, coupled with an aging population and increasing healthcare expenditure. The market's Compound Annual Growth Rate (CAGR) of 7.12% from 2025 to 2033 indicates significant expansion opportunities. Key drivers include rising awareness about respiratory health, technological advancements in device capabilities (e.g., wireless connectivity, improved accuracy), and government initiatives promoting early diagnosis and effective disease management. The market is segmented into diagnostic and monitoring devices (spirometers, sleep test devices, etc.), therapeutic devices (CPAP, BiPAP machines, etc.), and disposables (masks, breathing circuits). Diagnostic devices are expected to witness higher growth due to increasing demand for early detection and precise diagnosis, while the therapeutic devices segment will benefit from rising prevalence of chronic respiratory conditions requiring continuous treatment. Competitive landscape analysis reveals key players such as Devilbiss-AMS Healthcare, Fisher & Paykel Healthcare, and ResMed Inc., among others, vying for market share through product innovation, strategic partnerships, and distribution network expansion. Challenges include high device costs, lack of affordability in rural areas, and the need for enhanced healthcare infrastructure to support wider adoption. The projected market size for 2026 can be estimated by applying the CAGR. Assuming a consistent growth rate, the 2026 market value would be approximately $0.93 billion (0.87 billion * 1.0712). Further extrapolation of the CAGR allows for forecasting market values through 2033. The growth trajectory is likely to fluctuate slightly due to economic factors and the evolving healthcare landscape but a sustained expansion is anticipated, given the persistent need for effective respiratory disease management. Growth within the segment is expected to be driven by increases in disposable income, improved healthcare infrastructure, and continued advancements in respiratory device technology. This will lead to better disease management and improved patient outcomes. The market will likely see further consolidation as larger players acquire smaller companies to strengthen their portfolios and enhance distribution reach. Recent developments include: November 2022 : Xplore Health Technologies launched a first-of-its-kind respiratory muscle training (RMT) device called Airofit PRO in collaboration with Airofit, Denmark., October 2022: AirPhysio partnered with Apollo Hospitals Group and Medsmart to launch respiratory devices in India.. Key drivers for this market are: Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea, Technological Advancements and Increasing Applications in Home care Settings. Potential restraints include: Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea, Technological Advancements and Increasing Applications in Home care Settings. Notable trends are: Spirometers is Anticipated to Have Significant Growth Over the Forecast Period.

It is found that the market growth for 360-Degree Camera is significant because of the increase in demand from different sectors like entertainment, real estate, tourism, and surveillance. Due to its panoramic view, these cameras enable the user with great user experience in areas such as VR, live streaming, and monitoring.The key drivers of the market include the increasing adoption of 360-degree cameras in social media content creation, the surge in VR-based applications, and advancements in image processing technologies. The expansion of smart city initiatives and surveillance applications also contribute to market growth.It is subjected to high hurdles like cost, and lack of consumer awareness combined with huge storage of data. However, technology advancements encompass AI-based image stabilization and integration into cloud storage. The 5G networks' emergence will make the 360-degree cameras perform even better, in terms of real-time streaming and connectivity. Recent developments include: April 2024: On the 24th of April, the Philips 5000 Series Indoor 360-Degree camera was introduced to the Indian market. CES 2024 was another venue where the camera was shown. The surveillance camera is capable of capturing video at a resolution of 2K, and it does not need a continuous connection to Wi-Fi all the time. As soon as an internet connection is available, the film may be saved on the SD card, and then it can be transferred to the appropriate application or cloud storage at a later time. Through the use of the companion smartphone application developed by Philips, the camera may be monitored. Additionally, it is equipped with a night vision capability that is capable of capturing photos in black scale., In India, the Philips 5000 Series Indoor 360-Degree camera may be purchased for a price of about Rs. 8,895. It is also available on Amazon, in addition to being accessible on the website of Philips Domestic Appliances. One hue of black is the only one available., With a size of 2,304 by 1,296 pixels, the Philips 5000 Series Indoor 360-Degree camera is equipped with a 3-megapixel image sensor and is capable of capturing video at a quality of 2K. A microSD card with a capacity of up to 128 gigabytes may be used to record day and night. Additionally, it is capable of offline recording, which means that even if the camera does not have an active internet connection, it may continue recording on the microSD card or use an optional cloud backup service, which needs a monthly charge., The Philips Home Safety application is compatible with the security camera that is being installed. Through the use of the application, users are able to exercise control over some camera operations and view security video. In addition to that, it comes with a two-way speak and siren function that enables you to communicate back and answer via the application. It is also stated that the camera is equipped with motion detection techniques that are supported by artificial intelligence, which can identify humans, pets, and noises such as a kid screaming., Xiaomi India announced, in January 2024, the new addition of Xiaomi 360 Home Security Camera 2K to its smart home ecosystem. It has a 3MP camera with an improved 6P lens and f/1.6 aperture capable of outputting 2K HD video. This device also comes with some intelligent features like motion detection and voice control functionality. Let me take you through the price, specifications, and features of this gadget., Underwater robotics firm VideoRay acquired St. Pete tech startup Blue Ring Imaging in November 2023. The company designs VR interfaces for underwater ROVs and their pilots using mixed reality – a combination of virtual and physical environments. They are prescribed specialized 360-degree cameras that are built custom for each vehicle type or mission., In 2023: The Ricoh Theta Z1, the Samsung Gear 360, and the Insta360 One X2 are just a few of the latest 360-degree cameras that were introduced. These cameras have more features than earlier models, better image quality, and longer battery life., Insta360 Ace and Insta360 Ace Pro were launched by Insta360 in November 2023 as a pair of wide-angle action cameras, which the company claims are no equal when it comes to action capture intelligence and incredible image quality. Moreover, the lead option is Insta360 Ace Pro. The firm partnered with Leica to create "an industry-leading 1/1.3″ sensor for truly superior imaging performance," according to Insta360., VR360 was introduced by Vuze into the market in June 2023 in order to enhance its stake in this segment with another product line known as VR360 3D. However, this camera offers more realism than traditional cameras, providing more life-like experiences because it shoots true stereoscopic videos. It is targeted towards VR fanatics as well as producers of content alike., In September this year, Insta360 took out their latest consumer-oriented ONE RS Twin Edition from one of those storage boxes. Two lens modules that can be swapped out come inside this special camera: A premium sensor mod made alongside Leica which is a great partner to use on modern age photography together with an immortal classic. Likewise, they may use one camera body to capture breathtaking cinema-like images as well as 360-degree footage., In October 2023, the GoPro brand of action cameras received a significant upgrade for the Max 360 camera. Moreover, the update comes with several new features like improved low light performance, Max SuperView, which enables users to shoot ultra wide-angle perspective even beyond its native viewing angle by digitally extending it in post-production, and horizon leveling feature where image stabilization is maintained despite the tilt of the camera shooting., Kandao launched Meeting 360 in July 2023, mainly targeting the rapidly expanding video conferencing industry. The AI-powered 360-degree camera also automatically focuses on the speaker so that it can be seen clearly by everyone at a meeting while changing its field of view. Equally important, this gadget has echo cancellation and noise reduction for clearer audio.. Key drivers for this market are: Growing popularity of virtual reality (VR) Increasing demand for immersive experiences Advancements in technology Increasing use of 360-degree cameras in various applications. Potential restraints include: High cost of 360-degree cameras Limited availability of content for 360-degree cameras Lack of standardization in the 360-degree camera market Privacy concerns related to the use of 360-degree cameras. Notable trends are: VR is becoming increasingly popular, and 360-degree cameras are essential for creating VR content. This trend is expected to continue to drive growth in the 360-degree camera market. Consumers are increasingly demanding immersive experiences, and 360-degree cameras can provide this type of experience. This trend is expected to drive growth in the 360-degree camera market. 360-degree camera technology is constantly improving, and this is leading to new features and capabilities. These advancements are expected to make 360-degree cameras more appealing to consumers and businesses..

The size of the Smart Lighting Market was valued at USD 63.1 Billion in 2024 and is projected to reach USD 227.42 Billion by 2033, with an expected CAGR of 20.1% during the forecast period. The smart lighting market is currently growing significantly. This growth can be attributed to the increased need for energy-efficient, customizable, and sustainable lighting solutions. Advanced technologies like LED bulbs, sensors, and connectivity features are used in smart lighting systems. Users can control and automate their lighting with mobile apps, voice assistants, and other smart devices. These systems can be programmed according to specific lighting conditions, including energy savings, convenience, and enhanced security. The market is primarily driven by the increasing focus on energy saving and the trend towards smart homes and buildings. Smart lighting features remote control, dimming, motion sensing, and integration with other smart home devices, making it suitable for residential, commercial, and industrial applications. The increasing adoption of connected infrastructure in smart cities is also driving market growth. Technological advancements in Internet of Things (IoT) connectivity, along with innovations such as circadian lighting and human-centric designs, are further boosting the appeal of smart lighting solutions. Additionally, the growing trend of green building certifications and sustainability initiatives is prompting widespread adoption of energy-efficient lighting systems. Recent developments include: February 2024: New Delhi is the location where the Philips Smart Light Hub (SLH) was introduced, according to the announcement made by Signify, which is the global leader in lighting (Euronext: LIGHT). Customers are provided with a comprehensive shopping experience at this establishment, which was created on the basis of the notion of an experience center concept., A comprehensive destination for all of the lighting requirements, the Philips Smart Light Hub is a space that spans over two thousand square feet and has a broad selection of over three hundred stock-keeping units (SKUs). Customers will be able to explore and experience the most recent advancements in smart lighting technology firsthand thanks to the store's architecture, which has been designed to deliver an atmosphere that is both immersive and engaging., "The inauguration of North India's Biggest Philips Smart Light Hub marks a significant milestone for Signify and underscores our commitment to innovation and customer satisfaction," said Raja Moudgil, Business Head India - Smart Homes, and Switches Signify. "The hub is the largest Philips smart light hub in North India." "We are overjoyed to bring this one-of-a-kind shopping experience to Delhi, which will give our customers access to a wide variety of Philips decorative home lighting products in the region," said the company., As of right now, Signify has more than ninety Philips Smart light hubs located across the northern region of India, with seventeen of those hubs located in New Delhi. Customers who are looking for superior lighting solutions will find the store's location easily accessible and convenient since it is situated in the center of Malviya Nagar, which is located in South Delhi. It is anticipated that the Philips Smart Light Hub will become the destination of choice for homeowners, interior designers, architects, and lighting lovers alike as a result of its strategic positioning.July 2022: Signify, the global pioneer in lighting, unveiled a new line of intelligent WiZ lighting solutions to provide smart lighting aficionados with better comfort and efficiency daily. WiZ smart lighting has expanded its established line with various tables and lighting fixtures, a compact light switch, and additional roof lights and lamps, allowing consumers a broad range of alternatives to make their house all interconnected with lighting systems..

The India indoor LED lighting market is experiencing robust growth, driven by increasing government initiatives promoting energy efficiency, rising disposable incomes fueling consumer demand for superior lighting solutions, and a shift towards smart homes and buildings. The market is segmented into agricultural, commercial (office, retail, and others), industrial and warehouse, and residential sectors, each exhibiting unique growth trajectories. The residential segment is projected to be the largest contributor, fueled by new construction and renovations, and a preference for energy-efficient and aesthetically pleasing LED lighting. The commercial sector is also witnessing significant growth due to increased adoption of LED lighting in offices and retail spaces to reduce energy costs and improve operational efficiency. The industrial and warehouse segment is driven by the need for bright, reliable, and energy-efficient lighting in manufacturing and storage facilities. Agricultural lighting, while a smaller segment currently, is showing promising growth potential due to increasing adoption of advanced lighting technologies to enhance crop yields and productivity. Major players like Bajaj Electrical, Crompton Greaves, and Philips are strategically investing in product innovation, expanding distribution networks, and focusing on brand building to capture market share. While the initial high cost of LED adoption presented a restraint, decreasing LED prices and government subsidies are mitigating this factor, propelling market expansion. The forecast period (2025-2033) promises sustained growth for the India indoor LED lighting market. We project a consistent Compound Annual Growth Rate (CAGR), leveraging the projected market size in 2025 and factoring in the ongoing market drivers and trends. This consistent growth is fueled by the continuing adoption of energy-efficient technologies, the expanding infrastructure, and the escalating urbanization across India. However, challenges like fluctuating raw material prices and the presence of counterfeit products remain potential restraints, requiring manufacturers to focus on quality control and supply chain management. The market's success hinges on continued government support for energy efficiency programs and the sustained affordability of LED lighting for the wider Indian population. The long-term outlook remains positive, indicating significant opportunities for both established and emerging players in this dynamic sector. Recent developments include: September 2023: Signify introduced a new app, features, and products for its WiZ smart lighting system to enhance users’ daily convenience. The new offerings include SpaceSense, a motion detection technology for lighting systems that don’t require any sensor to be installed.August 2023: Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED. The MASTER LEDtube UE expands the energy-efficient products that meet the A-grade criteria of the new EU energy labeling and eco-design framework through technological innovation.May 2023: Bajaj Electricals acquires JV firm Starlite Lighting. This venture is engaged in the manufacturing of products including LEDs, CFL, and consumer electrical appliances.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Asia-Pacific (APAC) healthcare IT market is experiencing robust growth, driven by increasing government initiatives to improve healthcare infrastructure, a rising prevalence of chronic diseases necessitating advanced diagnostics and treatment management, and the expanding adoption of telehealth and telemedicine solutions. The market's Compound Annual Growth Rate (CAGR) of 8.50% from 2019 to 2024 indicates a significant upward trajectory, projected to continue through 2033. Key segments like Electronic Health Records (EHR), Picture Archiving and Communication Systems (PACS), and Clinical Decision Support Systems (CDSS) are experiencing particularly strong growth, fueled by the need for improved data management, enhanced diagnostic capabilities, and more efficient clinical workflows. Countries like China, India, Japan, and South Korea are major contributors to this growth, driven by their substantial populations, rising disposable incomes, and increasing healthcare spending. The increasing adoption of cloud-based solutions and the integration of Artificial Intelligence (AI) and machine learning are further accelerating market expansion. While data privacy concerns and the high initial investment costs associated with implementing new technologies represent some challenges, the overall positive growth trajectory is expected to persist, driven by long-term benefits in terms of improved patient care, reduced operational costs, and better healthcare outcomes. The competitive landscape in APAC healthcare IT is characterized by a mix of global giants like IBM, Philips, McKesson, and GE Healthcare, alongside regional players and specialized solution providers. The presence of these diverse players creates a dynamic environment, fostering innovation and competition. Strategic partnerships and mergers and acquisitions are common strategies employed to expand market share and capabilities. The demand for specialized solutions tailored to the unique needs of different healthcare providers and payers is creating opportunities for smaller, agile companies to thrive. Continued investment in research and development, coupled with a focus on user-friendly interfaces and seamless integration with existing systems, will be crucial for success in this rapidly evolving market. The APAC region presents a significant opportunity for healthcare IT companies looking to expand their global reach and capitalize on the region's substantial growth potential. Recent developments include: August 2022: Intellect, Asia Pacific's mental health technology company, declared its official launch in Japan as part of its regional expansion plans. Intellect's launch in Japan is heavily backed by some of Japan's most prominent venture capital investors, including JAFCO Asia, Headline Asia, DG Daiwa Ventures, and some of the largest Japanese conglomerates, PERSOL Holdings, and MS&AD Ventures., February 2022: The Indian government announced two new projects to promote digital health for its citizens as it continues to battle the ongoing COVID-19 pandemic. The government would launch an open platform connecting the country's digital health ecosystem under the Ayushman Bharat Digital Health Mission (ABDM). The platform would include digital registries of health providers and facilities, unique health identities, a consent framework, and universal access to health facilities.. Key drivers for this market are: Supportive government policies and introduction of FDI in major countries to aid adoption, Growing pressure on the healthcare infrastructure in the region due to high population coupled with the need to reduce expenditure; Emergence of Singapore and other SEA countries as a hub in medical IT sector backed by the strong investment activity and higher propensity to adopt digital transformation practices5.1.4 key global cues such as patient-based & on-demand healthcare delivery & continuous monitoring expected to drive adoption in Asia; Early adopters such as Japan and China continue to record steady growth due to demographic and economic conditions. Potential restraints include: High Costs and Operational Concerns, Concerns related to Geoprivacy and Confidential Data. Notable trends are: Patient Based Systems (Remote Healthcare, Wearables etc.) is Expected to Hold the Largest Market Share.

The global specialty lighting market exhibited a market size of USD 674.52 million in 2025 and is anticipated to advance at a CAGR of 4.47% during the forecast period, reaching a market size of USD 911.06 million by 2033. The market growth is attributed to the increasing demand for energy-efficient and sustainable lighting solutions, particularly in the commercial and industrial sectors. The advent of smart lighting systems and the growing adoption of LED lighting are further contributing to the market growth. However, the market growth may be restrained by the high initial investment costs associated with specialty lighting solutions and the stringent government regulations regarding energy consumption and environmental sustainability. The market is characterized by the presence of numerous global and regional players, including Nichia Corporation, Seoul Semiconductor, Luceco, Zumtobel Group, Leviton Manufacturing, Philips Lighting, Havells India, FSL, Cree, General Electric, Eaton, Osram Licht, Schneider Electric, Acuity Brands, and Lux (UK). These companies are engaged in continuous product development and innovation to enhance their market position. The market is highly fragmented, and the top players account for a significant market share. The market is also witnessing the emergence of new entrants, particularly in the smart lighting segment. Recent developments include: Recent developments in the Specialty Lighting Market reflect significant advancements and strategic maneuvers among key players. Nichia Corporation and Seoul Semiconductor have been enhancing their LED technologies to improve efficiency and reduce environmental impact. Luceco and Zumtobel Group are also pushing innovation in energy-efficient lighting solutions that cater to diverse applications, including industrial and commercial sectors. Notably, Leviton Manufacturing has expanded its product portfolio to integrate smart lighting solutions, responding to rising consumer demand for energy management. Philips Lighting has seen growth in market valuation following its transition to smart lighting, while Havells India continues to capture market share in various regions through strategic pricing and product diversification. Acuity Brands and Eaton are focusing on developing connected lighting solutions, which are gaining traction in smart building applications. There have been no significant merger or acquisition announcements among these companies in the latest reports. However, the ongoing evolution in technology and consumer preferences presents growth opportunities, impacting the overall dynamics of the specialty lighting market.. Key drivers for this market are: Energy-efficient lighting solutions, Smart lighting technology integration; Expansion in emerging markets; Increased adoption in healthcare facilities; Growth in automotive specialty lighting. Potential restraints include: Technological advancements, Growing demand for energy efficiency; Increasing applications in automotive; Rising awareness of lighting design; Strong regulatory support for energy-efficient products.

The India Hair Removal Products Market was valued at USD 190.56 Million in 2024 and is expected to reach USD 278.78 Million by 2030 with a CAGR of 6.55% during the forecast period.

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Market Size	2024: USD 190.56 Million
Forecast Market Size	2030: USD 278.78 Million
CAGR	2025-2030: 6.55%
Fastest Growing Segment	Online
Largest Market	North
Key Players	1. Procter & Gamble Hygiene and Health Care Limited 2. Reckitt Benckiser Group Plc 3. Sirona Hygiene Private Limited 4. Redcliffe Hygiene Private Limited 5. Esskay Beauty Resources Pvt Ltd (Rica) 6. Oriflame Cosmetics AG 7. Panasonic Life Solutions India Pvt. Ltd. 8. Winston Electronics Private Limited 9. Vega Industries Private Limited 10. Philips India Limited

A survey conducted in 2022 showed that the most popular brand for smart air purifiers in India was LG with 25 percent of the respondents. It was closely followed by Philips at 24 percent of respondents. More and more smart home appliances have entered Indian households.

The leading Indian tobacco company across India in March 2025 was ITC Limited, with a market capitalization of close to five trillion Indian rupees. This was followed by Godfrey Philips, with a market capitalization worth over 261 billion rupees.