According to a recent report by the Korea Security News Network, in 2020, in the Chinese smart home product market,
smart door locks and home monitoring equipment will attract wide attention.
Judging from the purchase rate of popular smart home products in China, smart door locks are second only to home appliances (18.14%). In addition to installing smart door locks in new apartments, in order to improve security, more and more people are also installing smart door locks in old apartments.
In 2019, the market penetration rate of smart door locks in China is only 7%, which is still in its infancy. If smart door locks are popularized to 400 million households in China and their penetration rate reaches the level of South Korea (70%) or Europe and the United States (50%), the relevant market size is expected to grow significantly in the future.
The report said that in the past, it was difficult for ordinary households to buy closed-circuit television monitoring systems (CCTV) due to the high price. Recently, cost-effective smart home monitoring devices have been launched in the Chinese market. Office workers who leave home after going to work can use their smartphones to monitor the situation at home in real time at any time and anywhere, and can also conduct two-way voice conversations with the elderly or children at home.
Cui Mou, a consumer who has been using home monitoring equipment for 10 years, said in an interview: "With the development of technology, the installation method of monitoring equipment has become simpler, and the price has dropped significantly. 10 years ago, the price of each (equipment) was 500 to 500 yuan. 600 yuan, now you can buy it with 200 yuan."
