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Milesight Honored for Excellence in Smart Building Sensors

In a notable recognition of innovation, Frost & Sullivan has designated Milesight as one of the leading innovators in the global smart building sensor market. The accolade highlights the company's significant contributions to the burgeoning sector, which is projected to experience a robust compound annual growth rate (CAGR) of 26% by 2028 due to increasing energy efficiency demands and the movement towards greener, more human-centric buildings.

According to Frost & Sullivan's latest report, the Frost Radar™ for Smart Building Sensors 2025, the global investment in smart building startups has surpassed $37.5 billion since 2021, underscoring the strategic importance of this industry. In this competitive landscape, Milesight has emerged as one of the top three companies both in terms of innovation and growth trajectory. Between 2021 and 2024, the company achieved an impressive average CAGR of 74.8%, establishing it as one of the fastest-growing entities in its field.

Milesight offers a comprehensive suite of products that cater to various needs, including indoor air quality monitoring, occupancy sensing, and energy management. Annually, the company launches more than eight new devices featuring cutting-edge capabilities like LoRa D2D communication, NFC configuration, and AI-powered occupancy detection. Their design philosophy prioritizes user needs while balancing intelligent data collection with privacy standards and regulatory compliance.

The report also shed light on Milesight's extensive experience in large-scale projects across different regions. In Canada, over 47,000 indoor air quality sensors have been deployed in schools, enhancing classroom environments. In the United States, airports utilize Milesight's sensors to track passenger flow and monitor conditions. Meanwhile, retailers in Europe have begun leveraging AI-driven ToF sensors to optimize store layouts and reduce energy consumption.

Looking ahead, Frost & Sullivan indicates that the next phase for smart building sensors will be defined by the convergence of AI and IoT technologies, the integration of various sensor types, and a strong emphasis on sustainable design. Milesight's future strategy aligns closely with these emerging trends, positioning the company to contribute to the creation of greener, more intelligent, and interconnected spaces.

About Milesight

Milesight specializes in multi-potential detection solutions that capture meaningful data, tailoring applications across various sectors. By employing advanced technologies like AI, 5G, and IoT, the company addresses customer challenges with agility and responsiveness. Milesight emphasizes its commitment to making detection matter, collaborating with an expanding global network to unlock unique data value, which positively impacts smart buildings, intelligent traffic, security measures, smart cities, and beyond.

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Yifan Yang
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