Smart Home Safety - Real-time accident prevention in homes
Accidents in homes are a significant concern, especially for young children and the elderly. A startup could develop smart home safety systems that use sensors and AI to detect potential hazards in real-time, such as water leaks, gas leaks, and falls. These systems would alert homeowners and caregivers, preventing accidents and ensuring the safety of residents. Market size: The global smart home market is expected to reach $150.6 billion by 2027, with a CAGR of 12.6%.