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Smart Homes: A Look Into Today's Trends and Opportunities

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APPLIANCES / TREND PAPER Smart Homes A Look into Today's Trends and Opportunities 6 Smart home application opportunities, and their related growth, cut across a variety of segments as demonstrated in the following chart 1 Graphic Sources: 1) Grand View Research Key Design Opportunities As manufacturers look to develop smart home products and take advantage of growth trends, a variety of technology and design issues must be considered. This includes a host of features, reflected in the following chart, with the need for mobile device integrations and voice-enabled platforms being paramount. 1 Customer safety Universal design (accessibility) Emissions (odor, noise, and moisture) Limestone accumulation (in water heating) Control of steam quality (specific to certain cooking appliances) Reusability and reparability Design features Priorities in design consideration Technology features Popularity of technology solutions Over next three years Mobile device accomodations Safety technology that alerts cell phone of undesirable situations Voice-enabled home automation platforms Entertainment enhancements Smudge-proof touchscreens/ tablets to assist with meal ideas and recipes Wall-mounted touch-panel interface Technology to track food inventory and recommend menu ideas Technology that allows for remote meal prep via smartphone 76% 58% 58% 53% 49% 43% 33% 30% Key Application Segments Key Segment Trends (USD Million) Lowest priority Highest priority

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