Most people nowadays are living their life with the help of robotic and automatic devices. Phones, watches, refrigerator, cookers, and televisions are now known with ôsmartö term in front of their original word. Since the electronic revolution in not long time ago, electronic devices business is growing faster and more certain. The digital economy is keep elevated especially because innovations are introduced quicker these days. The condition of electronic industry even attracts many of investors to put their faith in the growing electronic manufacturer companies all around the world.
The worth of electronic industry market is rising to the top as well. Even The Business Research Company has expected number in electronic industry market of 3 trillion dollars by 2020. The report which shared in last year Electrical and Electronic Manufacturing Market Briefing was projecting the graph of increasing movement of consumer electronic products in the past few years. By geographical region, Asia Pacific has crowned as the largest market for electronic appliances in the world. In addition, if we are talking about which country do have the largest market in electronic industry, so China would be the best answer for that.
The competitive atmosphere in electronic manufacturer industry pushes every electronic company to bring their best products. Many of electronic manufacturer companies are introducing their smart products such as smartphones, smartwatches, smart refrigerators, smart televisions, smart security system, and other smart devices to comprehend the way of people’s living today. The technology which completed with internet is now dominating the appliances nowadays. Smart devices are now armed with Wi-Fi, micro electromechanical system, Bluetooth Low Energy, or micro server so they can be connected to our personal devices. This technology will absolutely make our daily activities easier to manage.
LG, one of the most leading electronic household appliances manufacturer companies, has produced their first smart household appliances. With their homechat application, people can now monitor their household appliances within their grab of a hand. People can manage their smart refrigerators, cookers, or washing machines through their smartphones. Robotic and automatic technology is definitely assisting us in many ways. Furthermore, as the smart innovations particularly in household appliances are now keep growing, the market value is keep increasing as well. Regarding to the annual report, The Business Research Company has portrayed that in 2020, the number of smart household appliances will reached over 223 million globally. Therefore, the situation of the market is going to be highly competitive.