Despite a turbulent 2020, the smart home market is poised for exceptional growth as the industry aims to bring intelligence to ‘not-so-smart’ smart homes, according to research group Omdia. The expansion beyond traditional retail channels and traditional use cases such as security will be achieved through partnerships and new technologies, ranging from Matter to Wi-Fi/radar sensing and edge-based systems that are deeply integrated into homes and buildings.
Smart homes are the next big thing. You may not realize it yet, but somewhere your day will be easier because of it. Smart home technology is not only impacting the houses its installed into. Its reach stretches to other industries like business, science and even health care. Here is an infographic detailing the numbers and change caused by smart homes. The rapid rate of growth in the smart home industry has an effect on all kinds of industries.
DSP Group®, Inc. (NASDAQ:DSPG), Emza Visual Sense, and Himax Technologies (NASDAQ:HIMX) announced the launch of WiseEye IoT. DSP Group’s ULE and SmartVoice solutions, Emza’s unique machine vision algorithms, and Himax’s innovative low power CMOS Image Sensor yield a commercially available sensor capable of detecting, localizing, counting and profiling people.