Smart Homes: Inside A New Fast Growing Market

Smart Homes: Inside A New Fast Growing Market

What are smart homes?

Smart home is the new buzzword, and it is changing the way people live. Today’s homes are not just a place to live but also an industry. New technological advancements are expected to start redefining how we use the space in our homes.

Smart home are devices and gadgets, or the IoT devices, that help to control the energy, lighting, security, water, audio, and video in our homes. Now, there are new robots that are working with artificial intelligence, to help us in all the different areas of our daily lives.

Can Smart Homes Reduce Your Cost of Living?

Smart homes are not just a cool idea but have created some real business models for major companies.

Viomi V3 Max
Most vacuum cleaners are just that — vacuum cleaners. They can help pick up dust and small debris off your floor, but nothing else. This lidar robot vacuum and mop, however, comes with a 3-in-1 cleaning system. This lidar robot vacuum can vacuum, and mop your house, and do it incredibly effectively. You get three different modes here, including sweep only, sweep and mop, and mop only, and you can choose whichever mode you require. With a combination of these modes, the Viomi V3 Max Robot Vacuum can easily clean your house from dust, dirt, footprints, stains, and pet hair without breaking a sweat.

Viomi V3 Max comes with a 3-in-1 cleaning system. This robot vacuum cleaner can vacuum, and mop your house, and do it incredibly effectively. It comes with a boatload of sensors, including a LiDAR sensor that helps it manage its way through complex environments. The vacuum cleaner uses this sensor to make floor maps of your entire house and saves them for future use. Apart from the LiDAR sensor, the vacuum also comes with an array of 24 other sensors including infrared to prevent collisions, and drop sensors to help the vacuum avoid falls. The vacuum is packed with an A35 quad-core processor which, along with the SLAM algorithm, helps the vacuum process sensor information and adjust its path in real time. This way, it completely avoids any collisions while achieving a very precise cleaning.

Why you need a smart home.

A smart home is nothing more than a house that is fully integrated with various smart technologies. From smart thermostats, smart security cameras, speakers, to smart lightbulbs, everything is made to work together for maximum efficiency.

For example, it is possible to control everything in your smart home from anywhere in the world!

What will you do with a smart home?

Well, smart home technologies and appliances will change the lives of many people. This is especially true if you live in a city.

In an urban area, there are only limited space for each home and cars. Smart cities will change the way we live and drive.

As long as you have access to a smartphone, you can remotely control anything in your home.

What is the most popular appliance in a smart home?

The world’s leading smart home appliances like smartphones, refrigerators, washing machines and many more are all Wi-Fi connected. And they all have cloud storage, AI and voice recognition capabilities to help them run more efficiently.

Of all the smart home appliances, the smartest was the refrigerators.

That’s because they can run tests and then advise you about which recipes you should use based on the price, how good it is for you and how much it cost.

Why did you choose this particular appliance for your smart home?

I did a simple test with my friend in our Smart Home; We are going to bake a cake.

When my friend asked if she should use the cheaper flour, I didn’t hesitate to answer “Yes, its’ cheaper”. And in the end, we made the cake and everyone in our family enjoyed it.

Other benefits of a smart home

A smart home needs a lot of sensors in order to function correctly, to get a good feedback when something is wrong. Smart sensors gather data of the conditions, such as air temperature and humidity, then analyze it. With this data, the smart home can make an intelligent decision, such as making you some hot water on a cold morning or turn off the lights if you are not in the house.

According to some estimates, there will be 33 billion connected devices by 2020, rising from 6 billion in 2016, with connected devices market forecast to reach $300 billion in 2020.

The virtual assistant market is expected to grow to $21 billion by 2021.

Conclusion

The smart home market is growing rapidly, but while some manufactures come out with smart and innovative solutions, there are many companies that are only pushing out apps and what have you, and ignoring the hardware side of the business.

Amazon has created a huge market that’s showing no signs of slowing down, but many of the ‘conventional’ manufacturers have just not invested enough in the digital smart home solutions.

However, in the last year or so, many traditional Chinese manufacturers, like TCL, have entered the smart home market with products that are truly attractive and truly revolutionary.

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