Smart Home Introduction
Smart Home Statistics: Smart home includes a wide range of products and solutions for controlling, monitoring and automating functions in the residential home. Smart homes use connected devices and appliances for performing actions, tasks, and automated routines. This helps to save money, time, and energy. Home automation systems allow the integration of numerous smart devices and appliances controlled through a centralized system. Over the past years, numerous tech advancements have led to an increase in the popularity of various smart home devices. These devices can be accessed, monitored, and controlled remotely. Smart Devices can be operated and automated via switches, timers, sensors and remote controls.
Fig. Smart Home Revenue from 2017 to 2025, in US$ Mn
History of Smart Homes
Electricity became widespread in the late 19th century, the public could start dreaming about home automation, but smart homes were seen only in works of fiction for many decades. They were the preoccupation of sci-fi authors like Ray Bradbury, who fired the collective imagination with stories like the 1950 classic “There Will Come Soft Rains” and pop culture staples all the way from The Jetsons to 2001: A Space Odyssey and Disney’s Smart House.
Fig. Popular Smart Home Devices
Smart Home Technology Examples
Automation: This includes numerous types of appliances, which are designed to make homeowners’ lives easier. Various Wi-Fi gadgets for the home include automated coffee brewers – which can make coffee alarm rings in the morning. Similarly, IoT-based refrigerators that monitor stock & expiration dates. Automated vacuum cleaners/ connected washing machines and dryers are also commercially available.
Smart Lights: This category includes the most widespread product types. Smart lighting systems can perceive when people are present in a room. Similarly, smart lighting systems can also change light color hues based on the time of the day, or if there is music playing.
Smart TVs: These TVs are used for watching standard cable programs, and they have become full-fledged devices that facilitate the online streaming of video and music.
Smart Thermostats: These devices are used to control temperature throughout the smart house devices. Nest thermostats – are Wi-Fi enabled that allow homeowners to control heating & cooling via their mobile devices.
Smart Locks: This device category helps increase house security and makes it more convenient to lock and unlock doors for potential visitors.
Smart Security Cameras: Smart security appliances such as smart cameras are used to access and control from anywhere. They can also send notifications when a threat or movement is detected.
Sensing Systems These systems are used to increase overall household security by detecting gas leaks, electric surges, or others.
The Covid-19 pandemic impact had a partial negative effect on the smart home and smart appliances in North America and Europe. While sales in brick-and-mortar stores trend declined, online sales surged in the pandemic. Many people spent most of their time at home during the Covid-19 pandemic and thus preferred to improve their home activities, such as addition of smart homes devices. Smart home products make people feel safer at home and enable time-savings and convenience are likely to be popular among the many people who spend an increasing share of their time at home.
Most In-Demand Smart Products
The most popular smart home devices are made by tech giants Amazon, Apple, Google, and Samsung. Amazon smart speakers which feature Alexa are among the most popular smart devices in the world, with Jeff Bezos’s company having sold a total of 100 million Echos and Dots, as of the start of 2019. The Google Home trails behind this impressive figure, but 52 million worldwide sales are still pretty impressive. Smart watches are increasingly common, and its Apple that’s streaking ahead of the rest of the competition. 22.5 million Apple Watches were bought in 2018, representing a huge 369% increase on the previous year.
Fig. Number of Connected Devices Owned by Individuals
The Smart Home Statistics and Facts:–
– Approx. 47% of US-based Millennials population have at least 1 smart home product within homes.
– Voice assistants – one of the most popular advancements of the smart home sector
– By the end of 2027, the global IoT market will reach over US$ 520 billion in market.
– Approximately 33 Mn North American houses rely on smart thermostats for temperature control in homes.
– Approximately 90 Mn of IoT & device were shipped globally by end of 2018.
– Nearly 6 out of 10 Millennials own at least 6 connected devices to make home smarter.
Fig. Most Known Smart Home Devices Brands
In the future year, manufacturers will make sure the devices they offer can helps in ease communicate with one another. This leads to the creation of house-based IoT clusters. Similarly, future devices will feature machine learning, pattern recognition, and more advanced automation. In a nutshell, smart houses will become all the smarter. Most people are looking out for smart devices that can be controlled, as well as learn their actions and operate according to their needs. Home automation, though it has been here for a long time, has recently caught on with internet-connected devices that provide remote control over all elements of a house. In pursuit of convenience, security, and efficiency at household management, people are actively buying smart devices, or plan to in the near future.
- 1 Smart Home Introduction
- 2 History of Smart Homes
- 3 Smart Home Technology Examples
- 4 Most In-Demand Smart Products
- 5 The Smart Home Statistics and Facts:–