The smart home of today and tomorrow is being built on equal parts of functionality, convenience, and comfort. In the not-too-distant future, the best recommendation for dinner may come from a smart refrigerator. By tracking its contents and knowing the expiration dates of the food on hand along with a database of recipes, the refrigerator then communicates with the oven to ensure the food is cooked at the proper temperature and duration. Expect microwave ovens to step up too, automatically scanning package barcodes to ensure proper preparation. And if something is amiss, these devices can self-diagnose while sending an alert if service is necessary.

In addition, the bathroom in the future can track your health data in real-time; the electric car charging station in the community will be able to charge the electric cars of community members and allow the neighborhood to carpool, providing an alternative to public transportation solutions. If you want to add new things at home but worry about the lack of space, in the future, artificial intelligence furniture may be able to change its shape and solve your troubles.

The survey found that 70% of people are willing to live in a more environmentally friendly home, and 83% said they are interested in new technologies that can help them achieve this goal. However, 20% of people don’t know what to do, and more than two-thirds think it’s too expensive. Nevertheless, making houses greener certainly does not mean making them low-tech. With smart electronic homes, we can completely redecorate our houses without having to buy new fixtures or accessories. On the contrary, we will use AR technology to make smart furniture with reconfigurable materials. Our home will use renewable energy, stored in-home batteries, to make our lives easier and protect the environment as much as possible.

Among the many lessons from the past year, an enduring one is the power of technology to transform how we live, work, and play. According to Strategy Analytics, consumer spending on smart home hardware, services and installation will reach $157 billion by 2023.

There’s no doubt that demand for smart home devices and appliances is gaining momentum as product designers and developers combine powerful features and functionality to build highly differentiated solutions. The improvements will keep coming from around every corner because innovation for homes is not a trend it’s a non-stop necessity that has taken hold and is propelling a thriving industry segment forward.