Australia Smart Home Market Report and Forecast 2025-2034

Australia Smart Home Market Outlook

The Australia smart home market size reached USD 1.98 billion in 2024. The market is expected to grow at a CAGR of 8.04% between 2025 and 2034, reaching USD 3.96 billion by 2034.

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.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Australia Smart Home Market Report and Forecast 2025-2034 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