Source: Institute of forward-looking industry: Yang Fan

As one of the hottest hot spots in the home furnishing industry, smart homes have begun to lay out the smart home market. Internet companies, home appliance companies and real estate companies have frequently crossed the border, making the smart home industry the focus of the public.

According to the "Smart Home Equipment Industry Market Prospects and Investment Strategy Planning Report", the scale of China's smart home market will reach 300 billion yuan in 2015, a year-on-year increase of 31.4%. In the same period, the number of households using smart home products in the United States reached 4.6 million in the United States, with 26.8 million hardware shipments and a market size of $6.022 billion. It is a global leader and smart homes have taken the lead in the United States. A market that is not small. China has 300,000 households with a market size of 324 million US dollars, which is still in a relatively backward stage.

At present, China has more than 100 million potential smart home family customers with a population of 1.3 billion. This group is equivalent to more than half of Europe and constitutes a huge and fashionable market. Forward-looking Industrial Research Institute predicts that smart homes will maintain rapid growth in the next few years, and more and more families will try smart home products. By 2020, the number of households using smart homes will reach 24.5 million in the United States, 39.7% in CAGR, 2.1 million in China, and 47.6% in CAGR.

The overall growth trend of the smart home market


The huge market brings good development opportunities for China's smart home industry. At present, the penetration rate of smart homes in China is less than 5%. The domestic market has yet to be tapped, and many consumers still have a sense of distance to smart homes. Taking into account the industry development trends and existing problems, the scale of the smart home market has been predicted. In 2016, the overall size of China's smart home market is expected to reach 381.3 billion yuan, up 27.1% year-on-year. It will reach 600 billion yuan in 2018. The compound annual growth rate of market size will be 25.9% in the next three years.

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