Smart home technology is a product of both consumer and technological upgrades, and its deepening integration into daily life is an inevitable trend of the times.
From the perspective of smart home market development, there are primarily three types of demand: “Economy,” “Improvement,” and “Experience.” Each type has different product and scenario needs, and understanding these demands is crucial for product innovation, service upgrades, and company development in the smart home industry.
Economy Type
Partial functionality with easy DIY installation
The economy type primarily focuses on partial functionality with easy DIY installation. It mainly includes standalone smart products like smart speakers, smart curtains, smart lighting, smart locks, and smart drying racks. These products often use wireless connectivity and are characterized by easy installation, a focus on user experience, and affordability.
Economy-type smart home products are often the first introduction many people have to smart home technology and are vital for the industry’s development. As users’ perceptions and trust in smart home technology evolve, they are likely to gradually move from economy-type products to improvement-type solutions by adding more smart home products incrementally.
Additionally, users themselves are key to word-of-mouth marketing. Many people start with a single smart product, such as a lock or a smart speaker, rather than installing a full smart home system without understanding what it is. Thus, the development of the economy-type smart home market is crucial.
Improvement Type
Creating smart scenarios and driving regional space smartification
The improvement type market is currently the main battleground in the smart home industry. It focuses on providing different solutions based on pre-installed and retrofitted markets, creating smart scenarios, and driving the smartification of regional spaces.
The development of improvement-type smart homes is closely tied to the growth of high-end real estate. The real estate industry is entering an era of refinement, specialization, and technological advancement, and real estate developers are seeking new profit growth points in the existing market. With the shift toward consumption upgrades and scenario-based needs, smart homes, smart communities, and smart property management are becoming key selling points.
As the penetration of smart home products in high-end real estate continues to increase, improvement-type smart homes will see rapid growth, driving the smartification of regional spaces.
Experience Type
Pursuing luxury experiences with high-quality requirements
The experience type market seeks a luxury experience, with a longer cycle and complexity in appearance, design, and installation. This is akin to high-end customization in home decoration.
While economy-type smart home needs are mostly single products and improvement-type needs focus on creating scenarios, experience-type smart home needs are centered around full-home smart solutions. Full-home smart systems provide a comprehensive and clear demonstration of the different experiences smart home technology offers. For users seeking high-quality smart home experiences, full-home smart solutions are the best choice. Additionally, smart home integrators can offer one-stop high-end services, customizing product selection and scenario creation based on user needs and aesthetics, ensuring a satisfying home decoration process.
Full-home smart solutions involve comprehensive design for various scenarios, including wiring, network gateways, and overall coordination, representing a top-level design perspective for entire homes or communities. This provides the best experience for users with high-quality requirements.
LINKDWELL Commentary on Smart Home Market Demand Types
As the smart home industry continues to evolve, it is crucial to recognize the distinct demand types that drive its development: Economy, Improvement, and Experience. Each of these categories plays a significant role in shaping the market and influencing consumer behavior.
Economy Type
The economy type, characterized by affordable, easy-to-install single smart products, serves as an important entry point for many consumers into the world of smart homes. These products, such as smart speakers, smart locks, and smart lighting, offer a cost-effective way for users to experience the benefits of smart technology. At LINKDWELL, we believe that the economy type is essential for broadening the adoption of smart home solutions. It allows users to gradually integrate smart technology into their lives and builds the foundation for future upgrades. We support innovations in this space that enhance user experience while maintaining affordability.
Improvement Type
The improvement type focuses on enhancing regional spaces through smart solutions that integrate with real estate developments. This category is becoming increasingly competitive as developers seek to differentiate their properties through smart home technology. LINKDWELL recognizes the growing importance of improvement-type smart home solutions in driving regional smartification. We advocate for the development of advanced, customizable solutions that meet the evolving needs of both developers and homeowners. By leveraging smart technology, we can contribute to creating smarter, more efficient living environments.
Experience Type
The experience type represents the pinnacle of smart home innovation, aiming to deliver luxury and comprehensive solutions through full-home integration. This category caters to high-end users seeking premium experiences with meticulous attention to design, functionality, and installation. At LINKDWELL, we understand the value of providing top-tier smart home solutions that offer a seamless and sophisticated user experience. We are committed to delivering high-quality, integrated smart home systems that meet the highest standards of performance and aesthetics.
In summary, each type of smart home demand contributes to the overall growth and diversification of the industry. LINKDWELL is dedicated to advancing innovations across all these categories, enhancing user experiences, and supporting the broader adoption of smart home technologies.