(I) Increased penetration rate and continued growth of market capacity

Smart home is an emerging product since the 21st century. With the technological progress and the improvement of consumers' requirements for quality of life, the penetration rate of smart home is increasing gradually. China's smart home started late, huge market potential.

(2) The degree of product intelligence has been continuously improved

In recent years, iot devices have become more powerful, smarter and smaller in size. Enhancements to communications protocols are providing greater range and greater energy efficiency, and consumers are adding more connected devices to their homes. All of this means the possibility of more complex combinations of functions, with multiple devices working seamlessly and intelligently together.

(3) Whole house customization becomes a new trend

With the upgrading of consumption, consumers are no longer satisfied with standardized and popular household equipment, but have a stronger demand for customization and individuation. Custom furniture has developed rapidly with its characteristics of tailor-made, high cost performance and high space utilization. Compared with single category furniture, whole house customization can save consumers the time to select and match different single products, and at the same time, it can meet consumers' overall personalized needs for home furnishing products. Whole house customization will become an important development trend of the industry in the future.

For more information, please refer to the "China Smart Home Industry Market prospects and Investment opportunities Research Report" issued by China Business Industry Research Institute. At the same time, China Business Industry Research Institute also provides industrial big data, industrial intelligence, industrial research report, industrial planning, park planning, the 14th Five-year plan, industrial investment and other services.