The Zhitong Finance App learned that on November 21, the Ministry of Industry and Information Technology publicly solicited comments on the “Smart Home Comprehensive Standardization System Construction Guide (2024 Edition)” (Draft for Comments). Among them, it was mentioned that by 2030, more than 50 new national and industry standards in the field of smart homes will be formulated, basically covering basic standards, key technical standards, and application scenario standards. Some standards will be transformed into international standards, and the technical level of standards and international influence will increase markedly, forming a smart home standard system suitable for China's development in the new era. According to Statista's statistics, the global smart home smart home market has surpassed 100 billion dollars in 2023, and is expected to reach 160 billion dollars in 2024 and 207.8 billion dollars in 2026. Judging from the development trend, the smart home industry has broad scope for development.

In terms of application scenarios, the standard includes smart maintenance, smart household services, smart security, smart energy, smart health, smart video, smart car home, and 8 others.

According to the draft for solicitation of comments, smart home is a comprehensive intelligent home service platform based on next-generation information technologies such as artificial intelligence, the Internet of Things, big data, and cloud computing. It has characteristics such as scenario-based device linkage, intelligent information services, and cross-platform interconnection.

Smart home can be seen as the application of next-generation information technology in the home environment. It can set and fully implement multi-device collaborative work rules based on user habits; accurately identify the needs of home users, provide interactive services such as personalized content recommendations, knowledge questions and answers through voice, video, etc.; and use unified communication protocols to complete cross-platform smart home device registration, communication, control, use and user data privacy security protection. China's smart home industry has a large scale, sufficient consumption potential, wide development space, and full industrial coverage. It is one of the important guarantees for meeting the growing needs of the people for a better life.

After years of development, China's smart home industry system is characterized by innovation-driven, cross-border integration, and differentiated development. The smart home industry continues to be rich in content and greatly expanded in scope, and has become a comprehensive industry spanning smart terminal manufacturing, information software services, real estate, radio, television, and entertainment.

It is worth mentioning that, according to the White Paper on the Family Brain, since the advent of the home brain, with the gradual maturity of technologies such as artificial intelligence, cloud computing, and 5G communication, the smart home industry has ushered in a period of full explosion.

The introduction of ChatGPT has set off a wave of generative artificial intelligence. With the “emergence” of knowledge, many large language models (LLM) have appeared internationally and domestically, including many big models such as ChatGPT, Wenxin, and Sora, as well as big Wensheng video models such as Runway and Sora, which have opened up new lifestyles for users, developers, and enterprises. In the smart home industry, AI technology represented by LLM is also accelerating the transformation and innovation of smart home products and scenarios. The successful implementation of these scenarios has not only created a healthier, safer, more comfortable, convenient, and low-carbon personalized home living environment for users, but has also increased the consumption intentions of users, injected new impetus into economic development, further increased the penetration rate of smart homes around the world, and accelerated the development of the entire industry.

Specifically, the smart family segmentation model represented by HomeGPT has pioneered exploration and practice, driving the development of the entire industry. HomeGPT not only inherits basic capabilities such as natural language processing, word processing, and image processing of the general large model, but also further developed deep semantic understanding technology, conducted billion-level family knowledge enhancement training, and developed the industry's first scenario generation warning. The smart home platform model emphasizes integration with hardware products and scenario linkage, making scene customization and smart home applications more intelligent and popular, and opening a new era of smart home AI applications.

According to Statista's statistics, the global smart home smart home market has surpassed 100 billion dollars in 2023, and is expected to reach 160 billion dollars in 2024 and 207.8 billion dollars in 2026. Judging from the development trend, the smart home industry has broad scope for development.

In the future, with the implementation of the AI vertical model, it will bring about the restructuring of intelligent productivity and promote innovation and upgrading in the smart home industry on a new track to provide consumers with more intelligent, convenient, and personalized products and services.

Related concept stocks:

China Telecom (00728): In the first three quarters of 2024, the company's fixed network and smart home service revenue was 95.62 billion yuan, up 2.9% year on year. Cable broadband users reached 0.196 billion households, smart home revenue increased 17.0% year on year, and comprehensive broadband ARPU was RMB 47.8 yuan, and smart home value contribution continued to increase.

HaierHomeGPT (06690): HaierHomeGPT pioneered the application of large model capabilities to smart homes. Through the three major technical advantages of unique deep semantic understanding technology, billion-level family knowledge enhancement, and the industry's first scene generation engine, HaierHomeGPT has comprehensively promoted the comprehensive advancement of the industry's interactive experience, smart scene capabilities, and life service capabilities.

Xiaomi Group (01810): Driven by high growth in smart appliances, the gross margin of the IoT business was further optimized. The gross margin for the third quarter reached 20.8%, +1.1 pct compared to the previous quarter. In October of this year, the Xiaomi Smart Home Appliance Experimental Center was officially put into operation, and the IoT core self-development capabilities are expected to be further improved.