“According to the reports from Market Research Future, it is predicted that the worldwide IoT in the Consumer Electronics market to reach up to USD 124 billion, with a powerful CAGR rate of 24.16% during the predicted duration of 2017 – 2023″.
The Internet of Things (IoT) has taken consumer electronics to the next level and its going to be a futuristic innovation. One of the main accessing the Internet of things is consumer electronics. IoT in Consumer electronics is booming as the smartphones used by every consumer. Bluetooth, Z-wave, Zigbee, etc can be use by the consumer electronic devices to connect with the IoT gateway, while IoT gateway can connect with the cloud.
Let’s plunge into how IoT is revolutionizing the edges of Connected Consumer Electronics Devices:
Now consumers can start and end their shopping experiences online, on a mobile platform, and even in-store because of the growing technologies such as wearable devices, connected cars, smart TVs, household appliances, beacons, and many more. Harder for retailers to maintain or forecast because of the fluctuating market with the increasing number of devices and touchpoints.
The increasing usage of connectivity and technology in consumer electronics through IoT will change this sector. Devices will provide vital insights from sensors, improve productivity and let companies make more informed decisions.
IoT has changed the consumer electronics market by how customers communicate with the product, and manufacturers define the customer’s responsibility to improve the products and services for their customers. Let us see some of the advantages of smart consumer devices at various levels for consumers and manufacturers.
Enhance Product Quality
The customer continuously communicates with the IoT device in any form, which creates data based on customer behavior and manufacturers explain this data to enhance their product quality. For instance, using mobile apps, IoT devices connect to home Wi-Fi routers. The mobile application asks the user about their experience with function and even reports failures, which can help the manufacturer focus on that feature and fix difficulties in the same version if possible via OTA or in the next version of the device if the issue is a hardware dependence. Manufacturers’ ability to get input on features might help them improve existing features or introduce new ones, thus improving the product’s overall quality. IoT is assisting firms in speeding up the process of increasing overall product quality.
The data is pushed to the cloud by IoT devices. It widely assists companies in understanding the consumer’s behavior and predicting the individual’s requirements to provide a solution that values the consumer. This will let the businesses give customized solutions rather than general solutions for all consumers, like companies that can provide different health plans based on the requirement and Netflix or amazon prime subscriptions as per the number of users. Customized products don’t just assist boost sales and growing customer satisfaction, which again helps bring leads.
IoT lets customers give valuable information such as manufactured data and nutrition information of scanned dietary products on their device without checking those products explicitly. To live a healthy life, users can decide quickly which product has not expired or less nutrition according to that data. Consumer life has now become easier with IoT. For instance, consumers can track the expiry date and nutrition continuously from Smart refrigerator. It assists the consumer in preparing the available data/food items shopping list using a smart phone from a Smart refrigerator.
Remote Device Monitoring
Consumers will be able to control electrical devices from afar without being physically there, which was previously impossible. Customers can now turn on the air conditioner on their drive home and find a cool house when they arrive. Consumers may even check the equipment status from afar and turn them off if they aren’t in use, saving money on their electricity bill. Consumers may now grant access to their homes without being physically present, thanks to smart locks.
Rapid Feature Updates using OTA
For any manufacturer, time to market is critical. IoT has made it extremely easy to collect data for new features through user contact with IoT devices, allowing enterprises to design those features more quickly based on user experiences rather than doing formal surveys, which could take a long time. Electronic gadgets with OTA capability, for example, allow the maker to release the item with limited functionality and advertise it with the promise of adding eye-catching capabilities via OTA whenever the feature matures. Consumers will be able to access the new feature via OTA regularly in this manner.
The consumer electronics market is constantly evolving with new challenges in designing, developing, and manufacturing. Below are some significant challenges faced:
Handling multiple vendors to design and develop mobile, cloud, firmware, hardware, and streamlining manufacturing.
Time-to-market to be consistent in the dynamic market.
Ensuring product safety certification and compliance with international safety regulations.
Teksun Inc address this challenges with their in-house firmware, hardware, mobile, cloud and manufacturing team to design and develop end-to-end IoT Solutions. We are a certified IoT Product Design & Development consulting company supporting ODM & OEM for numerous B2B Applications & Use Cases. We have experience in developing connected systems such as Smart AC, Smart Curtains, Smart Appliances, etc.
Below are some of the consumer electronic solutions which will give insights about the Teksun Inc expertise in IoT solutions in this industry: