The smart home is the ultimate form of engagement with consumers, where software and hardware products synergize to not only improve consumer efficiency, convenience, and comfort but also build up understanding of consumers’ behavior to help lock in their future demand. China is moving fast in smart home in terms of both technology innovation and product development. The country’s smart home industry has a large addressable market size and is ready to adopt global technologies, which creates opportunities for Lux clients who are home device developers, IT technology vendors, and startup investors. In this report, we categorize the dynamic smart home industry and zoom in on each category for the cutting-edge use cases, leading companies, and key startups. We identify specific opportunities for Lux clients according to the current landscape and the upcoming trends and competition in each category.
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