Intelligent sensors transform conventional home appliance devices to connected ones leveraging Internet. Connected home appliances integrated with intelligent sensors are smart electronic devices, which can be remotely accessed, monitored, and controlled using personal computers, laptops and smartphones. The key research focus areas in connected home appliances include: increasing the energy efficiency; resource conservation; and ability of appliances to communicate with each other (for example: a refrigerator can instruct an oven to achieve a certain temperature for cooking an item); and reduce costs by allowing the consumer to achieve energy efficiency and by using components, such as lower cost sensors and integrated chips (ICs).
Sensor technology, along with Artificial Intelligence, Big Data analytics, and IoT- enabled devices, will drive the adoption of smart home appliances as they provide competitive safety and security advantages and ubiquitous solutions. Threats from the lack of practical knowledge processing and consumer awareness as well as consumer misperceptions and concerns over data security have restrained rapid realization of smart homes. Collaboration with start-up companies will facilitate rapid growth.
Key questions answered in the technology and innovation report:
1. What is the significance of sensors in connected home appliances?
2. What are the technology trends and key enabling technologies?
3. What are the factors that influence technology development and adoption?
4. Who are the key innovators driving developments?
5. What are the opportunities based on patent and funding trends?
6. What is the Impact of megatrends?
7. What are the future prospects of the technology?
8. What sort of strategies and business models do OEMs need to embrace to gain entry and sustain the competitive market?