On April 29, at the Tuya Smart Bluetooth Developers Conference held in Shenzhen, Tuya Smart, the world's leading IoT cloud platform, signed a cooperation agreement with the world-renowned technology brand OTER. The two parties announced that they will share resource advantages in the smart door and window market and other dimensions.
[OTER signing ceremony site]
OTER CEO Hong Fuchuan, Operations Director Zhuang Yi, Marketing Director Xie Mingkai, and Tuya Smart East China General Manager Lin Tianzhun, Deputy Marketing Director Ren Hangbo, and Senior Commercial Manager Lin Ziluo attended the signing ceremony.
OTER is a smart curtain robot brand company with a number of core patents and a number of manufacturing plants in the field of automatic doors and windows. OTER focuses on using the latest AIoT technology to provide customers with one-stop smart door and window solutions. OTER has a well-equipped hardware technical team and production team. With innovation, quality and service as the three strategic cores, OTER is committed to becoming a global iconic technology brand that builds all scenarios, faces all channels, and serves all people.
At this signing ceremony, Tuya Smart stated that it will provide OTER with Tuya IoT development tools and other support to help companies deepen the field of curtain opening and closing robots and complete the smart upgrade of a variety of curtain-related products. Tuya's technical capabilities will also help OTER develop products such as roller shutter robots to improve the intelligent curtain product line.
At the same time, OTER will also integrate its automatic door and window products into the Tuya Smart Open Ecosystem, realize interconnection with 250,000 “Powered by Tuya” enabling devices, and jointly build an IoT ecosystem with over 260,000 registered developers and share a complete industry. The advantages of chain, market channels, and diversified vertical industries provide broader opportunities for cross-industry landing.
According to data from the Electronic Equipment and System Research Center of the China Electronics Standardization Institute, the scale of China's smart home market is growing at a rate of 20%-30% per year, and there is huge room for the development of the smart home industry. Foresight Industry Research Institute predicts that in 2021, China's smart home market will reach 436.9 billion yuan. In a market environment where the scale of smart homes is rapidly expanding, smart doors and windows, as an important part of building smart homes, will also grow with the rapid growth of the smart home market.
In addition, as commercial real estate enters the stage of competition in the stock market, digital upgrading is one of the cracking methods for commercial real estate developers to form a competitive advantage. According to statistics, nearly 15% of enterprises in the commercial real estate or real estate sector regard digitalization as a strategic choice for their development. Driven by digital technology, various smart products such as door locks and curtains will enter the commercial scene just around the corner. Smart doors and windows, as indispensable supporting facilities when creating smart indoor spaces, are bound to emerge new market growth points.
In the future, Tuya Intelligence and OTER's combined strengths in channels, technology and ecology will provide replicable practical samples in the field of smart doors and windows, and accelerate the implementation of smart doors and windows products in more intelligent scenarios.