Industry experts predict that sensors in the home will reach a level of sophistication never considered in early versions of Smart Home. These devices will know when the house is empty and be able to shut off heating and cooling systems. Smart phone with geolocation will then tell it when the owner is on their way back so it can start adjusting the temperature to a comfortable level. And, it won’t just be lights that turn on and off. Sensors in washing machines will know that clothes have been put inside and will start the cycle at a time when costs are at a lower level.
The Smart Home market is also driving innovation in the form of Bluetooth low energy (BLE)-enabled locks for external doors on homes and adding mobile credential use to their offering. This in turn is driving volume in the wireless lock sector and having a positive impact on volumes and pricing in the commercial locking market.