Electronics in Focus l Smart Homes & the Future of Smart Living

Technology has revolutionized industries and lifestyles all over the world – and homes are no exception. From smart lighting and smart cleaning robots to smart security, the 21st century’s homes are now packed with devices and gadgets that provide convenience, comfort, safety and security to homeowners and their families. The integration of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), augmented reality (AR), virtual reality (VR), and robotics have turned smart homes from futuristic dreams into reality – making it possible for users to control appliances and other gadgets via their mobile devices.

According to Statista, the global smart home market is projected to reach $115.7 billion by the end of 2022 and $195.2 billion by 2026, registering a 14 percent CAGR and with the US generating the most revenue. As demand for smart home devices grows, manufacturers are expected to continue to make strides in terms of making competitive products with more advanced features and better capabilities. Likewise, innovations and improvements in the industry will continue as technologies and market trends change.

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