Smart home becomes a “New Blue Sea”

Smart home becomes a “New Blue Sea”

Smart home makes our life easier

Smart home life come back home from work at night, unlock the door with fingerprints, spotlights and chandeliers light up in sequence. Then automatically adjust to a soft and warm mode. Also constant temperature air conditioners and air purifiers start to work.  Keeping the temperature and humidity in different areas of the house just right. Curtains are slow Gently close from the sides to the middle. Floor-sweeping robot has already cleaned the floor. Water has just been cooked and you can make a cup of tea or coffee.

At a time when consumption is upgrading and the concept is unprecedentedly open. So home appliances are no longer coldly furnished. But app are endow with aesthetic and emotional needs, and are intelligent products with personalized and quality characteristics. Common such as sweeping robots, smart fingerprint locks, door and window sensors, lighting systems, etc. Not only add new fun to home life, but also spawn a huge emerging consumer market.

Accelerate advancement of the smart home industry

Relevant information shows that smart homes are mainly based on housing. Using integrate wiring technology, network communication , automatic control t, audio and video. Integrate various devices to build an efficient residential facility and family schedule management system. Essentially, smart homes are based on automatic control technology, audio and video technology. And integrated wiring technology as the backbone, network communication technology as the wing. Finally interconnection to achieve smart home.

According to data released by the China Electronics Standardization Institute, China’s smart home market will exceed 150 billion yuan in 2019. It will grow rapidly at a compound annual growth rate of 20%-30%.
According to the “White Paper” released by A.T. Kearney, although the penetration rate of smart home appliances in Europe and the United States currently ranks first in the world. The growth potential of the Asian smart home market cannot be underestimated. Kearney predicts that the Asia-Pacific market will grow to US $ 26 billion in 2022. It will surge to US $ 115 billion by 2030, accounting for more than 30% of the global smart home market share. Basing on the huge market capacity, China may be in a leading position in the shipment of smart home devices. So becoming the core force driving growth.

Therefore

Industry analyst also pointed out that China’s smart home industry started late, the market urgently needs education, installation thresholds product prices. They have become the constraints of the initial popularity of smart homes. But thanks to the promotion of 4G and the popularization of smart phones in recent years.  The market has clearly seen a growing trend. Since the smart home channel mature, the installation threshold reduce, and product costs reduce. Providing strong momentum for the growth of the smart home market. Since 2019, superimposed 5G, AI, loT, and edge computing have fully enable more smart homes have provide multiple applications that can land to achieve more application scenarios.

Explosive growth on the one hand, huge market demand, and low market penetration on the other, all of which means that the door to a vast market is opening.