The smart home market challenges have shaped the industry’s development for many years. Understanding these challenges requires looking beyond just smart home devices and considering broader factors like real estate construction and consumer needs. This approach helps clarify the core demands shaping the market today.

Four Core Consumer Needs for Smart Living

1. Safety
   Includes security systems, fire protection, and environmental monitoring to ensure safe living.
2. Comfort
   Optimizing physical environment parameters such as temperature, humidity, lighting, ventilation, and noise for a better quality of life.
3. Green Building
   Focuses on energy consumption, air quality, and other environmental indicators to promote sustainability.
4. Intelligent Control
   Remote control, interactive linkage, and adaptive features provide convenience and efficiency in home management.

Integration of Smart Buildings and Smart Homes

Applying IoT, cloud computing, big data, and AI only at the home level is limiting. These technologies should be integrated early in real estate design and development. While green building emphasizes design, smart homes focus on operation. Adding smart solutions during the design phase improves operational efficiency and resident experience significantly.

Buildings represent a holistic integration of people, objects, and the environment. In the future, smart buildings and smart homes will merge deeply to work collaboratively.

Why Have Smart Homes Seen Many Ups and Downs?

The smart home market has gone through multiple stages: from early IoT connectivity and inflated demand for smart devices to the current practical and real consumer needs. The industry has been exploring innovative business models by linking consumer lifestyles with real estate and supply chains.

Today, as smart homes increasingly cooperate with real estate developers, goals are clearer, practical paths are defined, and business models are continually refined.

Dual Push from Policy and Industry

Since smart city policies began rolling out in 2009, IoT networks, AI technology, and industry standards have advanced rapidly, resolving many initial challenges. Both supply and demand have matured:

• Suppliers have shifted focus from flashy gadgets to balancing ToC and ToB needs, safety, cost, and practicality, building smarter and more implementable solutions.
• Demand from developers and consumers has grown, with more practical product choices.

Future Outlook

Next-generation IoT technology is subtly transforming home life and penetrating real estate development at an unprecedented pace. This accelerates the need for industrial integration, resource alignment, and cooperative innovation between real estate developers and smart home manufacturers.

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