Global IoT in Consumer Electronics Market – Overview
The technology of Internet of Things (IoT) enables smart interconnection among devices through the Internet. Presently, the IoT is flourishing in home electronics, from entertainment to smart home control. Electronics manufacturers have been connecting devices and appliances for years – the now massive availability of in-home WiFi and connectivity points is creating an environment that enables devices to constantly be connected into the cloud to send operational, warranty and service data. It’s easy to see what a huge opportunity the connected home is creating for the electronics industry.
Rapid increase in the number of smart homes is a major driver that influences growth in this market during the forecast period. A smart home connects domestic appliances like heating modules, air conditioning units, television sets, lighting systems, PCs, entertainment systems, security devices, and camera systems using communication units such as smartphones and connected tablets. Since smart homes offer the user complete operational control over appliances, their augmented demand during the forecast period is expected to result in this market’s impressive growth by 2019.
With sensors, computing power, and Internet connections, home appliances can do more than offload work from humans; some may even be able to predict what the homeowner needs. Smart home appliances could gather data about daily usage patterns and, with additional data and analytics on the Internet, determine the household’s preferences and begin scheduling their own work routines.
Intel Corporation (U.S.), IBM (U.S.), Gainspan (U.S.), Apple Inc. (U.S.) Particle.io (U.S.) Libelium Comunicaciones (Spain), Qualcomm Technologies (U.S.), Silicon Laboratories (U.S.), Lantronix, Inc. (U.S.), ARM Holdings Plc., (U.K.) among others. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobile Security Market.
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January, 2018 – Alibaba announced that A.I. Labs is going to partner with MediaTek, a Taiwan-based global semiconductor company, on the Internet of Things (IoT) initiatives including smart home protocols, customized IoT chips, and AI smart hardware. The solution, which is based on the Labs’ self-developed IoT protocol named IoTConnect and the new Bluetooth chips co-designed by Alibaba and MediaTek, will allow IoT home devices to automatically pair with Tmall Genie, Alibaba’s Amazon Echo-like voice assistant
January 2018 – Avnet, Inc. AVT recently announced its cloud-based software platform and a host of connectivity solutions to assist organizations develop Internet of Things (IoT) related products and services. The scalable platform known as IoTConnect leverages Microsoft MSFT Azure’s hybrid cloud computing for data distribution and analysis across cloud-based and on-premise storage systems.
January 2018 – Dusun Electron Ltd. will be demonstrating at the 2018 Consumer Electronics Show held in Las Vegas its latest Smart Gateway product supporting LTE Cat-M0 (LTE-M) technology for Internet of Things (IoT) devices to connect with cloud services via a 4G network, and integration with Amazon Alexa and Apple HomeKit for voice control. With LTE-M and voice control features coupled with short-range wireless connectivity like ZigBee, Z-Wave, and Bluetooth, this Smart Gateway gives a highly easy and efficient way to manage and control IoT sensor devices.
Global IoT in Consumer Electronics Market – Competitive Analysis
The Market of IoT in consumer electronics appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Global IoT in Consumer Electronics Market – Segmentation
Segmentation by application verticals: Comprises Smart Home, Smartphones & Tablets, PCs and laptops, Smart Wearable devices and other.
Segmentation by sensor: Comprises Accelerometer, Light Sensor, Pressure Sensors, Temperature Sensor, and Gyroscope Sensor.
Segmentation by deployment: Comprises On-Premise & Cloud.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
IoT in Consumer Electronics Market – Regional Analysis
Region-wise, the market for IoT sensors has been classified into North America, Europe, Asia Pacific and the Rest of World. North America held the leading share of the global market in 2014 and was closely trailed by Europe. On the other hand, Asia Pacific is expected to be the leading region in terms of growth in the global IoT in Consumer Electronics Market over the forecast period. The rising demand of IoT in consumer electronics for being used in several smart consumer merchandises and also in the healthcare industry has been having a positive effect on the progress of the market. Governments of the several developing countries such China, India, and South Korea are inflowing into numerous public and private collaborations for the expansion of its cloud services through its data and IoT center developments, thus bolstering the growth of this particular market in Asia Pacific.
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