PRC China Smart Home Companies Outnumber US Ones At CES 2024
For the first time since 2019, IPVM returns to CES in Las Vegas, a show that in 2024 had more PRC China smart home/home security companies than American ones.
In this report, we overview trends at the show, the limited presence of well-established American brands, and possible reasons for this PRC China dominance.
For more context on CES, see IPVM's CES 2019 and CES 2018 coverage.
Executive *******
** * ****** *** **** ********** show **** ** *** *****, *** smart **** ******* ** *** ********** was ********* ** ***-***** ********* ************ US ***********. ********, ***** ******-***** *** brands *** ****** ** *** **** floor, *********** ***** **** / **** security ******** ******, *** *******, ***, Honeywell, *******, ****, ***., **** *** at *** **** ***** (**** ** the *********, *******, *** ******* ******* rooms ****** *** *****, **** ****** to **** **** ******).
***** *** **** ** *** **** leads *** ******** ***** *********** *** explain *** ******** *** *** *********, the **** ** ****** *** ***, Honeywell, ***., ** ********, ********** *********** that **** ** ***** ********* (***) exhibited ** ******* *****. *** **** cost ** ********** *** **** *********** sales ******** *** ******** ************ *** them *** ****** **** ** *** show.
Smart **** **********
*** (******** *********** ****) ** * conference **** ***,***+ ********* (~***,*** ** *** ****) ****,***+ **********, *** **'* ***** ******* ******** venues, ********* *** ******** **** (* venue **** ***** *** ****), ****** ***** ********** ******, ***.
*** ********** **** *** ***** **** industry **** * *********** ******* ** the **** **** **** **** ** occupied ** *** ****, ** ***** below:
*******, ***** **** *,***+ ********** ** the ***** **** ********, ** ********** by *** ******** **** ** **********. For **********,*** **** **** **** **** **** than *** **********.
*** **** *** * ***** ******* of ***** **** **********, **** ***** shower ***** *** **** ***** ******** to ********* ********** *** ********* *****. Home ******** *******, ********* *****, *******, and *******, **** ***** ** ******* companies.
PRC ********* ********* ** *********, *******
*** ********* ********* *** ** **** in *** ***** ****** ** ******** in *** ***** **** ******* ** the **** (*** **. ***), ********* to ****** ********* ****. ***** **** ** ***** *** not ******* ** **** ********, *** presence ** *** ***** **** ******** companies *** **********.
******** *** ********* ******** ******* *** physical ******** (***, ** *****, ******** security ** ****) *** ******* ****** at *** **** ** ***** **** moderate ** **** **** *******:
**** ********* **** ******* *** ******* presence ** ******* ** *** ****. For *******, ************ *****'* ******** ********* ************ ******** *** ********* (***** and ******).
Less ********** ***** *** ****
***** *** ***** ********* *** ********** booths, ****'* ***** *** ********** ***** and *** ** ******** ******* **** typically ****** ****** ** *******/***** ***. While ** *** ****** ***** ** one ** *** ********* ** *** expo ****, *** **** ******* ** that **** *** ***** **** ** other *********.
*** ******* ***** ******** *** ********* and *** ****** ********** ** $*+ billion **** *** * ******-***** ******** of *******,*****:
ADT, *****.***, *******, ********* *** *** **** ******
***** ***, *****.***, *******, *********, *** Wyze *** **** ** *** **** recognized ***** ** *** ******** ******** industry, **** ** ***** ********* *** booths ** *** ****. **** ** them, *******, *** ******** ***** ********* to ********, ****** ** *** ******.
*******'* **** *** ******* *** *** placed ** ** **** **** ***** foot ******* **** *** ** *** entrances ** *** ******* ****:
***'* ***** *** ****** ** ****, as ** *** ** * ********* floor ** *** **** ** *** hotel, **** ******* ** ** **** traffic.
*****.*** *** *********'* *****, *******, **** even ****** ** **** ** *****.***'* booth *** ** * *********** **** of *** ******** ***** (*** *** to **** *** ********** ****, ** through *** ****** *****, *** ** to *** **** *****) *** ********* had * **** ******** ** * different ***** (*** ****).
ADT *** * ***** ** *** ****
***** *** *** *** ** *** exhibit ***** **** ****,*** ******* *** * ***** ** 2023, ** ***** *****:
PRC ********* **** ** **** *** *********
*** *********** *** *** ****** ******** of *** ***** ********* ** ***** brand *********** **** **** ** **-***** competitors *** *** **** ** **** more *****. ** *********, ** *** other ****, **** **** *********** ***** channels *** ***** ** *** **** a ******** **** ** *** **** leads.
High **** ** **********
******* *** ******* *** ***** ** much ** *** *********, **** ** companies ***** **** ******* ******* ********** due ** *** **** **** ** participating ** *** **********. *** ***** prices *** *** ******** *********, *******, considering **** ****** ** *** **** can **** ******* ** ******** **** of *********, **** ******** **** *** average ***** ** * *** ***** is ** * ******* *****, ** not ******.
********, *** *** ** ******** *** costs ** *******, **************, ********, ***, multiplied ** *** **** ****** ****** the **********.
Hikvision, ***** *** *** ** *** ****
***** **** *** ********* **** **** in *** ****, ********* *** ***** were *** ** *** ****, ** CES **** *** ***** ********* ** the ****** ****, ****** **** ********** *** ********* ********* Dahua, ***, *********.