Smart Home and IoT Related News
SMART IoT Act Advances in the US
The US House of Representatives has unanimously passed the SMART IoT Act, a bill aimed at reviewing the current Internet-of-Things (IoT) industry. This act, also known as the βState of Modern Application, Research, and Trends of IoT Act,β will help catalog entities developing standards for IoT systems and identify interagency activities within the Department of Commerce. Although the bill does not directly address device security, it may indirectly promote more secure connected gadgets by fostering a national strategy for the IoT industry. The bill is currently under review in the Senate and needs to pass the Senate and be signed by the President to become law[1].
LoRaWAN Expansion in SMB and Smart Home Markets
Semtech has announced the availability of its one-channel LoRaWAN hub reference design and evaluation kit, targeting smaller scale network deployments for small and medium businesses (SMB) and smart home applications. This technology is expected to see significant growth, with Omdia predicting a 30% annual growth rate for LoRaWAN from 2023 to 2030. The new design offers cost-effective and secure solutions for applications such as security sensors, environmental monitoring, and more, leveraging LoRaWAN's advantages in penetrating obstacles like glass, steel, and concrete[2].
Growing Adoption of Smart Homes in Europe and North America
By 2028, approximately 55% of homes in North America and 42% of homes in Europe are expected to be smart, according to a report by Berg Insight. Currently, 41% of North American households and 28% of European households have at least one smart home product or system. Popular smart home products include smart thermostats, light bulbs, security cameras, door locks, speakers, and floor cleaning robots. The market is anticipated to rebound from a slowdown in 2023 due to economic factors and continue its growth trajectory[3].
Matter 1.4 Enhancements for Smart Homes
The Connectivity Standards Alliance has released Matter 1.4, which introduces several enhancements to improve the smart home experience. Key updates include support for syncing across ecosystems, more reliable home network infrastructure with Matter-certified Home Routers and Access Points, expanded energy management features for devices like solar panels and heat pumps, and optimized battery life for intermittently connected devices. These changes aim to create a more unified and efficient smart home environment[4].
Future Outlook and Market Trends
The smart home market is expected to continue growing, driven by consumer demand for energy management, security, and convenience. The Matter standard, despite initial challenges, is anticipated to play a significant role in unifying smart home devices and improving their interoperability. Additionally, technologies like LoRaWAN and Wi-Fi HaLow are poised to drive the adoption of IoT devices in various sectors, including smart homes, with predictions of over 3.5 billion LPWAN connections by 2030[2][4][5].
References
- [1]: https://www.bitdefender.com/en-gb/blog/hotforsecurity/smart-iot-act-way-becoming-law-us
- [2]: https://iotbusinessnews.com/2024/09/24/09811-semtech-expands-lorawan-reach-in-smb-and-smart-home/
- [3]: https://iotbusinessnews.com/2024/10/24/09519-close-to-50-percent-of-european-and-north-american-homes-will-be-smart-by-2028/
- [4]: https://csa-iot.org/newsroom/matter-1-4-enables-more-capable-smart-homes/
- [5]: https://www.lightreading.com/wireless/iot
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