What is the development trend of the global Internet of Things in the consumer electronics market?

The global Internet of Things is creating a boom in the consumer electronics market. Increase in internet usage, adoption of smart devices, and rising security concerns are the key drivers behind the growth of this market. Furthermore, increasing usage of personal IoT devices such as wearables, smartphones, and devices such as laptops, tablets, and the growing application of smart IoT devices in home automation are key market trends. rs232 через вайфай
Furthermore, the convergence of technologies such as 5G, big data, deep learning cloud, machine learning, and edge computing are also positively impacting the market growth. Given the enormous potential shown by this market, the global consumer electronics IoT market value is expected to rise to USD 172 billion by 2030, growing at a CAGR of 18% during the 2020-2030 assessment period.
The Consumer Electronics Internet of Things, commonly known as the Consumer Internet of Things, refers to the use of IoT products in consumer electronics to interconnect physical and digital objects. These devices integrate wireless technology and microcontrollers, making it easier to share consumer data and information between devices or between computers without third-party interaction.
According to its wide range of uses and functions, IoT technology is used to connect various personal and household devices, such as asset tracking, gaming and entertainment, health monitoring, home security, and parental tracking, etc. In order to identify and access various entities, these interconnected devices are equipped with unique identifiers.
Current Industry Trends
This year and the next few years, we will see more and more consumer electronics connected through the Internet of Things. Sales in the consumer IoT market are set to grow as consumers expect connectivity from everyday household products and electronics. As remote and hybrid working environments are likely to further develop, the global consumer electronics IoT market is expected to increase in demand for e-learning and streaming capabilities.
Moreover, emerging 5G IoT consumer electronics will provide new opportunities to maximize sales. The boom in the Internet, Wi-Fi and 5G has opened up new possibilities, especially in the smart home, where electronic devices are connected to the network and cloud through the Internet of Things. Leveraging sensors, these devices have been able to compute and provide useful data that can be analyzed at the edge to understand usage patterns and routines.
How IoT Providers and Consumer Electronics Manufacturers Are Using the Connected Space
With the Internet of Things integration, consumer electronics are getting smarter. Due to the dominance of connectivity, IoT-driven consumer electronics are rapidly gaining popularity. Given the growing integration of IoT-driven consumer electronics in people's lives, many companies are striving to tap into the massive IoT market and capitalize on the potential of the field and technology.
Established IoT vendors are researching ways to incorporate IoT technology into electronic products and grow IoT-enabled products by expanding their budgets. They are investigating the possibilities to develop a meaningful solution that can connect a myriad of smart connected devices from different vendors.
Moreover, these IoT technology providers have developed an end-to-end IoT platform that can efficiently collect and analyze data and take action on every aspect of communication between connected devices. They have invested heavily in developing IoT protocols compatible with the most advanced consumer products such as smart appliances, HVAC systems, wearable devices, and microcomputer boards.
They also offer IoT gateways that can be integrated with third-party device gateways. With the promise of IoT, global consumer electronics manufacturers are witnessing new business opportunities. They can leverage various IoT use cases for product monitoring, management, and customization. These manufacturers utilize highly customizable, feature-rich IoT dashboards to ensure stress-free remote monitoring and control of their electronic devices. конвертировать ethernet в wi-fi
Industry News
On June 7, 2022, Soracom, a global IoT connectivity provider, announced a partnership with Sony Semiconductor Solutions' Spresense solutions to provide LTE connectivity for Spresense IoT microcontrollers. The Spresense system provides an exceptional platform for IoT innovators to leverage the advantages and cloud to create new connected experiences.
On June 1, OnMicro, an innovator of radio frequency and system-on-chip (SoC) semiconductors, announced a distribution agreement with Japanese electronics distributor TakachihoKoheki to promote OnMicro's RF front-end and SoC products in the Japanese market. RF front-end ICs and Bluetooth SoCs are key enablers of today's advanced consumer electronics and IoT devices. OnMicro's high-performance products and high-volume capabilities help customers reduce long lead times and, in some cases, alleviate shortages.