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Australia Smart Home Market Size, Share, Growth, Analysis: By Component: Hardware, Software and Services; By Application: Security, Smart Appliances, Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity; By Distribution Channel: Specialty Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Smart Home Market Outlook
The Australia smart home market size reached USD 1.98 billion in 2023. The market is expected to grow at a CAGR of 8.04% between 2024 and 2032, reaching USD 3.96 billion by 2032.
Key Takeaways
- As of 2021, Smart speakers have emerged as the primary smart home devices within Australian households, with 12 million units in operation, according to the Australian Competition and Consumer Commission.
- According to the IEA, Australia's Smart Grid, Smart City project, finalized in 2021, featured the country's first comprehensive, commercial-scale smart grid. It aimed to measure and advocate for the advantages of smart grids, fostering broader acceptance and use among industry and consumers.
- Based on the latest data from the Australian Research Council, approximately 16 million IoT devices were operational in Australia in 2018. These devices encompass a variety of types such as home gadgets, health wearables, agricultural sensors, and autonomous factories and mines.
Smart appliances contribute significantly to the growth of the Australia smart home market by optimizing energy consumption since they adjust settings using real-time data or user preferences, leading to lower energy costs and an eco-friendlier household
Smart appliances offer energy efficiency, remote management, time-saving automation, advanced features, safety enhancements, and health monitoring, resulting in savings, convenience, personalized settings, improved safety, and health-conscious features for a modern home with new technology and appliances.
Hisense Australia plans to introduce a wider array of ConnectLife-enabled smart home appliances in the Australian market throughout 2024. This announcement follows showcases of innovations in kitchen, living areas, and home ecosystems at the Consumer Electronics Show (CES) 2024.
AI speakers enable voice-controlled automation for home devices, instant information access, entertainment hub functions, integration with smart devices for centralized control, hands-free communication, and personalized recommendations, enhancing the daily living experience in smart homes.
Market Segmentation
Australia Smart Home Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Component
- Hardware
- Smart Speakers
- Smart Appliances
- Others
- Software and Services
Market Breakup by Application
- Security
- Smart Appliances
- Energy Management
- Comfort and Lighting
- Home Entertainment
- Control and Connectivity
Market Breakup by Distribution Channel
- Specialty Stores
- Online
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia smart home market key players are Sonos, Inc., Signify, Allegion Plc, Electrolux Home Products Pty Ltd, Brilliant Lighting (Aust) Pty Ltd, Ring LLC, Access Hardware (TAS) Pty Ltd. and Clarke Security Pty Ltd among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Smart Home Market Overview
8.1 Key Industry Highlights
8.2 Australia Smart Home Historical Market (2018-2023)
8.3 Australia Smart Home Market Forecast (2024-2032)
9 Australia Smart Home Market by Component
9.1 Hardware
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup By Type
9.1.3.1 Smart Speakers
9.1.3.2 Smart Appliances
9.1.3.3 Others
9.2 Software and Services
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Smart Home Market by Application
10.1 Security
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Smart Appliances
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Energy Management
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Comfort and Lighting
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Home Entertainment
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Control and Connectivity
10.6.1 Historical Trend (2018-2023)
10. 6.2 Forecast Trend (2024-2032)
11 Australia Smart Home Market by Distribution Channel
11.1 Specialty Stores
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Online
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Australia Smart Home Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Sonos, Inc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Signify
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Allegion Plc
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Electrolux Home Products Pty Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Brilliant Lighting (Aust) Pty Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Ring LLC
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Access Hardware (TAS) Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Clarke Security Pty Ltd
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Smart Home Market: Key Industry Highlights, 2018 and 2032
2. Australia Smart Home Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Australia Smart Home Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Australia Smart Home Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Australia Smart Home Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Australia Smart Home Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Australia Smart Home Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Australia Smart Home Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Smart Home Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia Smart Home Market Structure
Key Questions Answered in the Report
The market was valued at USD 1.98 billion in 2023.
The market is projected to grow at a CAGR of 8.04% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 3.96 billion in 2032.
The smart homes market is categorised according to components, which include hardware and software and services.
The key players are Sonos, Inc., Signify, Allegion Plc, Electrolux Home Products Pty Ltd, Brilliant Lighting (Aust) Pty Ltd, Ring LLC, Access Hardware (TAS) Pty Ltd. and Clarke Security Pty Ltd among others.
Based on the application, the market is divided into security, smart appliances, energy management, comfort and lighting, home entertainment, control, and connectivity.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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