Here’s a photo of the latest VPai Home models that we displayed at the Hong Kong Consumer Electronics Fair last week. In addition to the VPai Home Smart Security IP Camera that we announced at CES in January, they included our new smart doorbell and panoramic IP camera. Ten of our partners demonstrated the devices at their booths, attracting an enthusiastic response from visitors to the show.
The global home security camera market is growing at a fast clip and is estimated to reach U$11 billion by the end of 2023. Our aim with the VPai Home platform is to enable our customers to take advantage of this opportunity by providing turnkey platforms that can be easily customized on the hardware and software levels to meet the exact needs of their markets.
To help our customers speed up time to market while minimizing development costs, we also offer a comprehensive range of VPai Path rapid productization services for managing the sourcing, manufacturing, QC, QA, and logistics processes. After more than ten years of operation in Shenzhen, we’ve built up a very strong ecosystem of manufacturing partners with a proven track record of quality and reliability that our customers can tap into.
Software and AI are becoming at least as important as the hardware in the home security cameras market. With the VPai Home app we are constantly adding new features, including most recently motion-activated video alerts that are sent directly from the camera to the phone. We are also working on the development and integration of facial and object recognition features to further improve usability and enable our customers to differentiate their products in the market.