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The first 20 years of the 20th century saw the invention of the
vacuum cleaner, dryer, washing machine, iron, and toaster. The first smart device was created approximately 45 years later. Known as the ECHO IV, it could turn home appliances on and off and control home temperatures; unfortunately, it did not sell well. Home automation technologies began to be built into luxury dwellings decades ago. Disney’s 1999 film, Smart House, provided mainstream audiences with a sense of the possibilities, but the first smart home models and devices began to hit the consumer market in the early 2000s, with the proliferation of the Internet and related technologies a decade earlier. The Internet of Things or IOT is an emerging trend of which smart homes is a subset. IoT
involves the integration of digital and wireless technologies in physical objects and systems, especially those historically unconnected. IoT has significant ramifications for the future of smart homes: the more devices that are connected to the Internet, the more can potentially integrated into the smart home system. Examples of IoT as relates to smart homes are the Nest Learning Thermostat, the Chop Syc digital chopping board, the Toncelli Kitchens digital kitchen countertop, the air monitor Birdi, and the Wattio SmartHome 360 energy monitor. Currently, less than 1% of homes employ full smart home technology. But by 2018, HIS Technology, a research firm, predicts that 45 million smart home devices will have been installed, and the annual business volume will have grown to $12 billion dollars.
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Key Vendor AnalysisThe smart smoke detector market has highly diversified as each geography has its own competitive dynamics. The North American market can be termed as the most competitive market due to high
product reach, increasing market demand, and the presence of several players. The US is the most lucrative market in North America due to the growing adoption of photoelectric and dual smoke detector solutions. Companies MentionedThere’s a lot to absorb when setting up a smart home. That's because the concept of a "smart home" is relatively new, and the term itself is fairly nebulous. Two readers wanted to know the best way to get started. Image credit:
Philips "Which systems are good for learning how to install full home smart systems?" AdicommunicationsukAs we explain in our Smart Home Guide, a smart home can be as simple as a set of lights that you can control from your phone. Or it could be a whole home setup in which your lights, thermostat, locks, security cameras, smoke detectors, garage door openers and more are all interconnected and can react in different ways when one of them is triggered. For example, you can have all your lights turn on when your smoke detector starts blaring, or you can have all the lights turn off, the locks lock and your security camera turn on with a single command. MORE: Our Favorite Smart Home Gadgets and SystemsIf you're just getting started, I would recommend getting the Philips Hue White Starter Kit $69 and the Amazon Echo Dot $49. Philips' lights provide one of the least expensive ways to get started and should give you a taste of what you can do.
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I think the traditional security companies can take a page out of these direct to consumer companies and market the product based on what people are dying to do, which is protect homes and families and alleviate problems. Traditional security companies would be well served to follow suit in their marketing and ad campaigns. ”One thing many in the industry do caution about, however, is not to let the medium swallow the message. “There are a lot of things the industry is starting to focus on as enhancement to the core offerings; but it is important not to get caught up in buzzwords or even the technology itself, but what it enables the customer to do,” says Greg Blackett, senior product manager,
Tyco Security Products, Toronto, Canada. “It is still very early days. The end goal is to enhance the existing products and make
them more intelligent and help the customer reduce false alarms and bring their total security experience to the next level.