The Smart Home Industry
In recent years, smart homes have been welcomed by consumers because they provide consumers with a safe, comfortable and energy-saving living space. Smart home products can be found in every household in second-tier cities. The prospect of smart homes has been praised and attracted many industry giants to enter. It is estimated that Huawei, Xiaomi, Haier, Midea, Hisense, Ali, Baidu, Tencent, Amazon, Google, and even OPPO, a professional mobile phone company, have launched their 5G business communications products through the launch of 5G, and established 5G business units. Increase the research and development of 5G technology and accelerate the commercialization and landing of the smart home era.
The market data more intuitively indicates that the smart home industry is hot, and the statistics of the “Smart Home Equipment Industry Market Forecast and Investment Strategy Planning Report” released by the Frontier Industry Research Institute show that the market is expected to maintain 21.4% in the next three years. By 2020, the compound growth rate of the region will reach 580 billion yuan, and the market prospect of trillions of dollars can be realized.
The upstream of the smart home industry chain is mainly hardware, software and technical support. The hardware is mainly used to manufacture components of smart home products, including PCB, power supply, panel, chip, sensor, controller and other components and display modules, communication modules and other middleware. For example, the popular millet temperature and humidity sensor, although small in size, is highly integrated and consists of a main IC, an AVX tantalum capacitor, a JN5169 wireless microcontroller, and a GLYN model for the SHT30 temperature and humidity sensor probe.