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Milesight Earns Prestigious Recognition in Smart Building Sensors

In a remarkable achievement for the smart technology sector, Milesight has been recognized by Frost & Sullivan as one of the foremost innovators in the increasingly competitive global smart building sensor market. According to the firm's latest report, Frost Radar™ Smart Building Sensors, 2025, Milesight stands out amongst its peers by demonstrating exceptional innovation capabilities and a proven execution track record.

Market Overview

The global market for smart building sensors is projected to witness a significant uptick, boasting an impressive compound annual growth rate (CAGR) of 26% through 2028. This anticipated growth can be attributed to a rising demand for energy-efficient solutions, environmentally friendly buildings, and areas designed with people in mind. Since 2021, the industry has seen more than $37.5 billion invested in establishing smart building startups, further emphasizing the critical role this segment plays in the future of technology.

Milesight's Exceptional Performance

Milesight has placed itself firmly in the top three rankings on the Frost Radar for both innovation and growth in the smart building sensor market. From 2021 to 2024, the company recorded an astounding average CAGR of 74.8%, marking it as one of the fastest-growing enterprises in this field.

The company's expansive product range includes sensors dedicated to measuring indoor air quality, occupancy, people counting, and overall energy and facility management. Milesight has consistently released more than eight new devices annually, incorporating cutting-edge features such as LoRa D2D communication, NFC-enabled setup, and AI-driven people sensing. Their design philosophy is rooted in prioritizing user needs while ensuring compliance with privacy regulations.

Global Impact

Frost & Sullivan also highlighted Milesight's extensive experience with large-scale implementations worldwide. In Canada, for instance, over 47,000 indoor air quality (IAQ) devices were deployed across schools to enhance classroom conditions. In the U.S., airports employ Milesight sensors to effectively monitor passenger flow and environmental conditions, ensuring a better travel experience. Meanwhile, retailers in Europe leverage AI-powered Time-of-Flight (ToF) sensors to optimize store layouts and improve energy efficiency.

Future Trends

Looking towards the future, Frost & Sullivan emphasizes that the next phase of development in smart building sensors will be significantly influenced by the convergence of Artificial Intelligence (AI) and the Internet of Things (IoT), alongside sensor fusion and a design philosophy driven by sustainability principles. Milesight's forward-thinking approach greatly aligns with these emerging trends, equipping them to play a pivotal role in forging greener, smarter, and more interconnected spaces.

About Milesight

Milesight prides itself on delivering multi-functional sensing products that capture valuable data, enabling various applications across industries. By incorporating technologies such as AI, 5G, and IoT, Milesight addresses its clients' challenges with agility and effectiveness. Firmly committed to the vision of ‘making sensing matter,’ the company collaborates with an expanding global network to harness unique data in innovative ways. Its influence is notably felt across sectors including smart buildings, intelligent transportation systems, smart cities, and more.

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In conclusion, Milesight's recognition as a leader in the smart building sensor market not only reflects its innovative strides but also highlights the industry's potential to reshape the future of urban environments towards sustainability and connectivity.