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Milesight: Leading the Charge in Smart Building Innovation

In a remarkable recognition of its achievements, Milesight has been named one of the top innovators in the global smart building sensor market by Frost & Sullivan. According to their latest report, the Frost Radar™ Intelligent Building Sensors, 2025, the company has distinguished itself with strong innovative capabilities and proven execution in a rapidly evolving sector.

The market for smart building sensors is expected to witness significant growth, with projections indicating a compound annual growth rate (CAGR) of 26% until 2028. This booming demand is largely fueled by the necessity for energy efficiency, environmental sustainability, and the creation of human-centered spaces. Since 2021, over $37.5 billion has been invested in smart building startups, underscoring the strategic importance of this market.

Milesight shines in the Frost Radar for its outstanding innovation and growth metrics, ranking among the top three companies in the industry. Between 2021 and 2024, Milesight achieved an impressive CAGR of 74.8%, making it one of the fastest-growing players in the smart sensor field. This growth trajectory is supported by a comprehensive product line that includes sensors for air quality, occupancy, people counting, and energy management systems.

The company has consistently launched over eight new devices annually, introducing groundbreaking features such as LoRa D2D communication, NFC-capable configurations, and AI-driven people recognition technologies. At the heart of Milesight's design philosophy is a focus on balancing intelligent insights with privacy considerations and compliance.

Frost & Sullivan also highlighted Milesight's successful implementation of large-scale projects globally. In Canada, more than 47,000 indoor air quality (IAQ) sensors have been installed in schools to enhance classroom conditions. In the United States, airports are utilizing Milesight's sensors to monitor passenger flow and optimize environmental conditions. Meanwhile, European retailers are deploying AI ToF sensors to improve store layouts and reduce energy consumption.

Looking to the future, Frost & Sullivan notes that the next stage in smart building sensors will be characterized by the merging of AI and IoT, sensor fusion, and sustainability-driven design. Milesight's forward-focused strategies align closely with these trends, positioning the company to play a pivotal role in creating more eco-friendly, intelligent, and interconnected environments.

Who is Milesight?

Milesight is committed to delivering diverse sensing products that capture meaningful data accessible for various applications. By leveraging cutting-edge technologies such as AI, 5G, and IoT, the company rapidly and effectively addresses its customers' challenges. In line with its mission, "Making Sensing Matter," Milesight collaborates with a growing network across the globe to create unique data value, contributing positively to smart buildings, intelligent transportation, smart security, and smart cities, among other areas.

As the company continues to innovate and expand its influence in the smart building market, Milesight is set to lead the charge towards a sustainable future in building management.