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$2 Trillion Smart Home Tech Market Fuels Huge Investor Profits

$2 Trillion Smart Home Tech Market Fuels Huge Investor Profits

Story Highlights:

  • Smart home tech that connects web-based household devices is taking off — and will help fuel the rise of a $2 trillion “smart city” market over the next five years.
  • One profitable stock fund is a great way to play this rising trend.

While on a family trip to Disney World’s Epcot theme park 10 years ago, I remember visiting an exhibit called the “House of Innoventions.”

The exhibit was a model home of the future.

The house featured a mix of new smart home tech inventions and forward-thinking innovations — hence the mashup “innoventions.”

I was amazed by the cutting-edge technologies in the model home, such as a hand-held tablet that controlled all the lights in the house and a futuristic refrigerator that included an LCD television screen on the door.

Fast forward to the present day, and it’s clear to see that the House of Innoventions was a precursor to the smart homes many people live in today.

But the tech homes of the future will go well beyond what Disney’s “innoventors” could have ever imagined even a decade ago.

The revolution of smart home automation that connects a series of household devices via an internet or Wi-Fi connection, also known as the Internet of Things (IoT), is already changing how we live.

Due to smart home automation discoveries such as Amazon’s Alexa and Google’s Home, we can now control the lights in our homes with just our voices.

But there’s so much more to this innovation story.

You see, instead of marveling at smart home innovations, get ready for smart cities.

A smart city is an urban area that’s fully connected to the advancements of technology in every way.

In real time, electronic data is continuously collected from smart city residents, their devices, all forms of transportation and all infrastructure that comprises the city, from buildings to water pipes.

This data is then analyzed and managed in a way that promotes a seamless connected city between residents and the local government. This, in turn, aims to have a city functioning at the highest standard of living.

The popularity of smart cities is real and growing.

According to Allied Market Research, the growth of the smart city global market is projected to reach more than $2 trillion by 2025.

The concept is so popular that more than 20,000 people from 200 cities in 60 countries around the world are gathering right now in Seoul, South Korea, to attend the 2019 World Smart City Expo.

This expo, the largest international event in the Asia-Pacific region, features 350 companies with 750 exhibit booths, all with one purpose: to support the development of the smart city phenomenon.

The theme of this year’s expo is “Smart City, Connecting Tomorrow.”

Several of the world’s largest cities, including Singapore, Malaysia; London, England; Barcelona, Spain; and Amsterdam, Netherlands, already aim to embrace aspects of smart technology to help their cities’ government and citizens function on a higher technological level.

These cities use IoT to digitally connect many city infrastructures, from parking spaces to streetlights.

Also, as 5G wireless network installations progress, existing smart cities will be well positioned to “deploy more intelligent traffic management and public safety technologies,” per StateTech.

Bleutech Park Properties Inc., a real estate investment trust (REIT), is taking the idea of smart cities to the next level.

This REIT is on track to break ground in December to build a “first of its kind” mini smart city in Las Vegas, Nevada.

The city, called Bleutech Park Las Vegas, is estimated to cost $7.5 billion.

The mixed-use environment is slated to feature an ultra-luxury residential hotel, entertainment venues, workforce housing for police officers, firefighters, teachers and nurses, as well as office and retail space.

The massive structure is intended to be self-sustaining and 100% off-the-grid, with zero emissions.

The smart city’s features will include:

  • Artificial intelligence (AI).
  • Autonomous vehicles.
  • Augmented reality.
  • IoT.
  • Steel trees known as “supertrees” that are designed to collect rainwater, convert solar energy and cool interiors.
  • Photovoltaic glass.
  • Self-healing structures.
  • Renewable energies from solar, wind, water and kinetic sources.
  • Robotics.
  • On-site waste treatment.

The construction of this mini smart city is projected to create 25,000 jobs in the city. According to Boss Magazine, Las Vegas Laborers Union Local 872 is on board and ready to supply workers.

The smart city phenomenon is here and growing year over year.

Whether these cities are established metropolises like Singapore or new mini smart cities like Bleutech Park Las Vegas, the technologies needed to help these cities function and expand exists today.

How to Invest in the Smart City Mega Trend

To participate in some of the high technology needed to grow these cities, consider buying into the Robo Global Robotics & Automation Index ETF (NYSE: ROBO). It is the first robotics and automation exchange-traded fund (ETF) to the market.

It currently holds 89 companies that focus on robotics, automation and artificial intelligence.

Until next time,

Amber Lancaster

Director of Investment Research, Banyan Hill Publishing

About The Author

Amber Lancaster

Amber Lancaster is the director of investment research for the Mampilly franchise at Banyan Hill. Prior to this role she was the senior research manager for Banyan Hill, where she provided in-depth economic research and financial analysis for numerous Banyan Hill publications. She began her career at Bloomberg L.P. as a data analyst and later as a team leader with responsibility for a broad range of research activities, including examination of domestic and Eurobond floating rate notes and dividends on preferred stocks.

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