Component costs are projected to reduce drastically by 2016Controller and connectivity costs are projected to drop by ~50% of the 2010 costsSensor costs are projected to reduce between 20% - 50%More sensors are being integrated on a single chip to reduce power, cost and physical sizeLow-cost connectivity chips for WiFi, Zigbee, 6LoWPAN and Bluetooth Low Energy are widely availableTI’s WiFi chip module is priced at $10 for a quantity of 1000 chipshttp://www.dragoninnovation.com/projects