China AIoT market

AI-enabled products as a proportion of China's IoT market have been increasing yearly, with a prospect of reaching over 50% in 2024. In particular, consumer AIoT devices accounted for the highest proportion of AI-enabled products used in smart home and household appliance applications (at 50%) in China in 2022.

At present, most smart household appliances feature basic voice recognition functionality, and to improve the quality of voice recognition, the preferred solution in 2024 is to incorporate Large Language Model (LLM) technology into such products.

As such, the smart household appliances having a price tag of over CNY3,200 (US$448) and those with their computing chip costs accounting for over 25% of the total cost will be prioritized in adopting LLM technology, according to DIGITIMES Research.

• Introduction

• China IoT market

• Chart 1: Worldwide and China IoT market scale and share of AI-enabled products, 2020-2030 (US$b)

• China IoT policies

• Consumer AIoT products in China

• Chart 2: Share of AIoT applications in China and share of consumer AIoT products, 2022

• Chart 3: Smart home appliance shipment share by brand in China and product usage rates, 2022

• Table 2: IoT home appliance key component suppliers

• Chart 4: Xiaomi revenue share by product line and smart home product price ranges (CNYk)

• Processing unit

• Chart 5: LLMs developed by Chinese firms and their numbers of parameters (b units)

• Summary