Smart Systems, The Industry That Could Exceed $21 Billion By 2020

Where is our information technology going? Slowly everything is easy. Very complex or hard-working things of life. Technology becomes smarter with smart systems. So the handset is so smart now. Being smart with your PC or laptop and competing with it. And the idea of a smart house-room is also a long time. The use of smart home is increasing in huge quantities. According to the 2015 market report by Transparency Market Research, the global home automation market value was worth 4.4 billion US dollars. The report was also estimated that by 2020, the industry would exceed $ 21 billion.

Another investigation from Juniper Research has discovered that expanding smart security reception will commute home mechanization and checking incomes from an expected $12 billion out of 2018 to over $45 billion by 2023, speaking to the development of more than 260%. “The Smart Systems industry is set to disrupt most aspects of our live and as an electronics manufacturer, our company is strongly investing on research in order to better serve the demand” says Gil Manriquez, founder of Giltronics Associates inc. The exploration found that smart Systems security is the main thrust behind this market development, with makers, for example, Nest, Hive and Netgear delivering convincing mass market items. This move is strengthened by the substantial spotlight by enormous players on brilliant section arrangements, as of proving by Amazon’s obtaining of the Ring.

What is a smart home?

The concept of smart home is not anything new. It was known in the United States in the year 1980, as Intelligent Labeling. A smart home is a home that is provided with modification to remotely control and robotize family frameworks like lighting, entryways, indoor regulators, amusement frameworks, security alerts, reconnaissance cameras and other associated machines.

Simply speaking, Smart Home is a programmable Home Automation System that will control the three main components of a home-heating system, lighting system, and security control system in a smart way. The whole home automation system will be fully automated. Using home automation technology – Home security, home-based communication, home entertainment, etc. each of these systems separately controls and coordinates them at the same time, aiming at smart home.

Smart home revenue

There are hundreds of smart home facilities in the market, including smart bulbs (light for helping you sleep better), high-end security, personalized locking system, a smartphone swipe, temperature control system, an outdoor garden, garage door control and water for home entertainment systems. Depending on the product and the seller, the costs change, but installing the home automated system is not cheap, the average between $ 5,000 to $ 15,000 and the zones and zip codes are changed. Most purchasing products include thermostat, lighting, home security and safety measures and of course, home entertainment. Luxurious items include a $ 35,000 premium movie system that allows viewers to access movies in their kitchen on a theatrical release date, or digital backsplashes (smart walls).

Lindsay Turinton, editor-in-chief of CNET, predicted that the next step in smart home technology would be to increase the use of the Hub platform. Smart home hubs can control communication with voice activation across multiple devices.

Smart home technology is being bought by the population of 30 to 44 years of age, the founder of the next market inset, Michael Wolf, said that General X’s tech-savvy and, as a group, they are their highest earning years. As the use of the smart home is increasing, the amount of home automation and monitoring revenue will be spread to $ 45 billion in 2023.

the Engineering team at Giltronics Associates, an EMS Company based in Los Angeles, works and helps their clients in developing and electronics manufacturing in the Smart Systems industry. You can reach Giltronics Team by calling them directly at +1-800-846-5633  or emailing them here.