Intelligent hardware is becoming the next boiling point for new business and investment, Shenzhen, a south China city, is famous for its IT industry development, once again standing in the lucky wind. At Global Source Electronics, largest Asian electronic show, enterprises from Shenzhen are leading actors. 3000 out of the total 5500 exhibitors are from Shenzhen, nearly 60%, most of them are smart home and wearable enterprises. Huang Tanwei, CEO of Global Source Electronics said that at this rate, the Expo will be Shenzhen exclusive show in the future.
Shenzhen intelligent industry is facing market of hundreds of billions U.S dollar level. According to the forecast made by Juniper, global market size for smart home will be $71 billion by 2018 , electronic health market size is $160 billion and $230 billion in 2017, predicted by GSMA. Iimedia Research Group just released 2014-2015 China intelligent market report, which showed that total shipment of smart hardware is 6 billion and will be 14 billion in 2017. As for Chinese domestic market, shipment for 2015 is expected to be 35 million, 169.2% growth, the market size will be more than RMB 10 billion. Many Quick-thinking Shenzhen enterprises got into smart home and wearable industry, most of them are traditional manufactures.
Shenzhen Hank Tech brings its new smart home products, as an authorized Apple supplier, they should be fine work for Apple. But Zhou Yuchun, CEO of Hank Tech told the press that the potential market for smart home is huge and just beginning, Hank Tech will spend more on smart home industry, air conditioner, lights and security control are current magnet for new investment. Hank Tech products are very popular in north American, European and Japan. Atsmart, another Shenzhen based smart makers, brings smart socket, smart switch, smart stereo speaker are also eye catching.