Australia Smart Home Market Report and Forecast 2025-2034

Australia Smart Home Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Australia smart home market size reached about AUD 3.17 billion in 2024. Aided by technological advancements, growing consumer demand for convenience, and the increasing adoption of Internet of Things (IoT) devices, the market is expected to grow at a CAGR of 8.0% between 2025 and 2034, reaching AUD 6.87 billion by 2034.

With more people in Australia seeking ways to automate and enhance their living spaces, the Australia smart home market revenue is expected to see continued growth over the next decade. Smart homes use advanced technology to control various systems, such as lighting, heating, air conditioning, security, and entertainment, through a central platform or voice-controlled device. This integration provides greater convenience, efficiency, and security for homeowners, and as these technologies become more affordable, their adoption continues to expand.

A key driver for the growth of the Australia smart home market is the increasing focus on energy efficiency and sustainability. Consumers are becoming more conscious of their environmental impact and are looking for solutions that can help reduce energy consumption. Smart thermostats, energy-efficient lighting systems, and smart appliances are among the most popular products in this regard. These devices can help homeowners optimise their energy usage, lowering electricity bills while contributing to a more sustainable lifestyle. In addition to energy efficiency, the rise in environmental concerns has spurred the demand for smart home products that can integrate with renewable energy sources such as solar panels, allowing homeowners to monitor and manage their energy usage more effectively.

The security and safety aspect is another key factor contributing to the Australia smart home market development. With the increasing focus on home security, smart security systems have become a staple in modern homes. These systems allow homeowners to remotely monitor their properties through cameras, motion sensors, and doorbell cameras, providing greater peace of mind. The integration of smart locks and alarm systems further enhances security, offering a seamless experience for users to control access to their homes. As consumers continue to prioritise safety, the demand for advanced security solutions in smart homes is expected to grow substantially.

According to the Australia smart home market analysis, smart home devices are also becoming more integrated into the everyday lives of consumers. The increasing popularity of voice assistants, such as Amazon Alexa, Google Assistant, and Apple Siri, has made it easier for individuals to control various aspects of their homes. These voice-activated systems allow users to manage everything from controlling the lights to adjusting the thermostat or setting reminders. The convenience of using voice commands has made smart home devices more accessible, contributing to their widespread adoption. Furthermore, as the number of smart home products increases, the interoperability of these devices across different brands and platforms has become more critical.

The rise of smart home ecosystems and platforms is further playing a significant role in driving the Australia smart home market expansion. Major players in the technology sector, such as Google, Amazon, and Apple, are investing heavily in smart home solutions, creating comprehensive ecosystems that allow consumers to integrate a wide range of devices into their homes. These ecosystems offer consumers a cohesive and convenient experience, where they can manage all their smart devices through a single platform. As these ecosystems become more sophisticated, they will likely drive further adoption of smart home technology in Australia.

However, despite the promising outlook, some of the challenges impacting the Australia smart home market outlook is the issue of privacy and data security. As smart home devices collect and store data about consumers' habits and preferences, there are growing concerns about the potential for data breaches and misuse. Consumers are increasingly aware of the risks associated with the use of smart devices and are demanding more robust security measures from manufacturers. To address these concerns, companies are investing in stronger encryption and privacy protocols to protect consumer data.

Looking forward, the growth of the Australia smart home market will be driven by the increasing availability of affordable smart home devices. Initially, many smart home products were considered luxury items, but as technology has advanced and production costs have decreased, these products have become more accessible to a broader range of consumers. Today, there are a wide variety of affordable options available, allowing homeowners to gradually upgrade their homes with smart technology. The accessibility of these devices has helped to broaden the appeal of smart homes, making them an attractive option for both young tech-savvy individuals and older generations looking to enhance their homes' functionality and security.

Market Segmentation

The market can be divided based on component, application, distribution channel, and region.

Market Breakup by Component

• Hardware
• 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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia smart home market. Some of the major players explored in the report by Expert Market Research are as follows:

• Sonos, Inc
• Signify
• Allegion Plc
• Electrolux Home Products Pty Ltd
• Brilliant Lighting (Aust) Pty Ltd
• Ring LLC
• Access Hardware (TAS) Pty Ltd.
• Clarke Security Pty Ltd

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.