Smart homes have become a familiar concept in our daily lives. As technology continues to evolve, the smart home industry is experiencing rapid growth and expansion. In the future, smart home devices will no longer function in isolation but will be interconnected, creating a seamless and intelligent living environment. However, one of the most pressing challenges that comes with this development is network security.
Since 2017, smart homes have gained significant attention and are now at the forefront of technological innovation. The 19th National Congress highlighted the growing demand for a better quality of life, which has fueled the need for more advanced and connected home solutions. With the maturation of IoT (Internet of Things) technology, smartphones are becoming the central control hub for various smart devices. This has led to an increasing number of people wanting to manage their homes through mobile devices. Over the years, a wide range of smart home products have emerged, including smart appliances, security systems, lighting, curtains, door locks, and speakers. These products are now being adopted by a broader audience, from middle-class families to white-collar workers, making smart homes more accessible than ever before.
[Image: Smart homes ushered in high-speed expansion]
Smart homes are entering a phase of rapid expansion. As more people become interested in smart home technology, the market is growing at an impressive rate. According to a report by the Prospective Industry Research Institute, the Chinese smart home market was expected to reach 180 billion yuan by 2018 and could grow to 357.6 billion yuan by 2020. Analysts predict that the global smart home market will surpass 500 billion yuan by 2021.
Ge Fengliang, deputy dean of the China Household Electrical Appliances Research Institute, emphasized that the overall trend in the household appliance industry is moving toward greater intelligence, with huge market potential. In recent years, many manufacturers have entered the smart home space, leading to a highly competitive market. Major brands are launching their own smart products, further accelerating the development of the industry.
According to Zhongyikang data, the smart home appliance market is expected to generate 1.5 trillion yuan in demand over the next five years. By 2020, the penetration rate of smart appliances—such as white goods, kitchen appliances, and living appliances—is expected to rise significantly, reaching 45%, 25%, and 28% respectively.
A GfK research report found that 45% of consumers prefer to purchase smart home products from the same supplier, while 29% opt for different suppliers, and 25% have no particular preference. This suggests that integrating multiple products and platforms into a unified smart home system may offer greater convenience and value in the future.
As smart home devices become more interconnected, they are no longer just standalone gadgets but part of a larger network that can access external resources and provide active services. This is the direction many domestic smart home companies are currently pursuing. While integrated solutions can overcome the issue of isolated smart devices, they also create barriers for competition. If manufacturers were to open up their platforms, it would greatly benefit the long-term development of the smart home industry.
However, despite the technological advancements, the smart home sector still faces challenges. Rising labor costs are a major concern for manufacturers, along with increasing raw material prices and shrinking product demand, which put pressure on profit margins and threaten the survival of some businesses.
Another critical issue is network security. A report by Tencent Security revealed that in 2017, numerous DDoS attacks were carried out using compromised IoT devices, creating vulnerabilities in both homes and offices. This trend continued into 2018, and cybercriminals are increasingly targeting smart devices such as smart TVs and smart toys, which many users are unaware of the risks associated with. As the number of connected devices grows, so does the potential for cyber threats.
Looking ahead, smart home manufacturers should focus on innovation, adopt green manufacturing practices, and work towards restructuring the industry to build high-quality, premium brands. Addressing these challenges will be essential for the sustainable growth of the smart home market.
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EI-type Core: Known for their good heat dissipation and reduced electromagnetic interference (EMI).
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Applications
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