Nowadays, the concept of smart home is constantly mentioned by people. The development of science and technology has gradually brought smart homes into people’s field of vision. Compared with ordinary homes, smart homes mainly combine modern technologies, such as integrated wiring technology, network communication technology, security technology, automatic control technology, etc., to build an efficient management system for residential facilities and family schedule affairs to improve home security and Convenience, comfort, artistry, and achieving an environmentally friendly and energy-saving living environment.
The early Chinese smart home market was subject to technology and market environment. Despite the vigorous promotion of leading enterprises and scientific research institutes, it has always been tepid. As residents’ living standards and spending power continue to improve, market demand gradually expands; capital injection adds new force to the development of the industry; technological innovation brings about product function and experience upgrades, which greatly increases consumer acceptance; product production costs Significantly reduced, effectively increasing market share. Many favorable factors have comprehensively promoted the development of the smart home industry. In recent years, the rise of artificial intelligence and the popularity of the Internet of Things have pushed smart homes into a new trend.
In 2017, China’s smart home market reached 334.23 billion yuan, a year-on-year increase of 24.8%. It is expected that the smart home market will maintain a compound annual growth rate of 21.4% in the next three years, and the market size will reach 581.93 billion yuan by 2020.
Smart home does not only refer to an independent product, but also refers to a broad systemic product concept. From smart white goods and audio-visual entertainment to home security and connection control, the product categories cover a wide range. As the primary consideration for every family, safety issues are particularly important. Therefore, smart security products, represented by smart door locks and security monitoring systems, are the first to enter the home security system. The development prospects of smart home in the field of home security and audio-visual entertainment are the most promising.