Appliances & Consumer Electronics
Because of advancements in connectivity systems and the penetration of smart voice assistants by technology conglomerates, the home appliances market is undergoing a significant shift toward smarter products. The demand for smart home appliances is expected to reach USD 92.72 billion by 2027.
As consumers become more concerned about energy-efficient and sustainable products, intelligent energy monitoring systems and circular product design will become more popular. Seeing as health and wellness are at the forefront of consumer concerns ever since the new normal, there will be a focus on devices that will help us monitor our health and fitness.
Case Study
Building Next-gen Appliances of the Future- Panasonic
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