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Australia Smart Home Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Publisher Renub Research
Published Feb 01, 2024
Length 120 Pages
SKU # RNBR18565876

Description

Australia Smart Home Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis


Australia Smart Home Market is forecasted to be priced at around US$ 6.56 Billion by 2030, according to Renub Research. Globally, the adoption of smart homes is on the upward thrust, propelled by the increasing demand for comfort, electricity efficiency, and more robust protection. Smart home technology permits remote control and automation of numerous household devices and structures, offering exceptional convenience and comfort. In Australia, factors including the growing aging public, the preference for sustainable residing, and government incentives for electricity-efficient answers contribute to the significant adoption of smart home technology. This trend is expected to continue as technology becomes more approachable and incorporated into daily life.

Australia Smart Home Market is anticipated to increase at a CAGR of 15.73% during the forecast period (2024 to 2030)

The affinity for connected devices and the Internet of Things (IoT) has fueled the ascent of the smart home market. With a tech-savvy populace and a penchant for innovation, Australians embrace smart home solutions to streamline their existence and bolster home safety. The convenience supplied by IoT-enabled gadgets, from smart thermostats to automated light systems, resonates with the country's modern-day, fast-paced living. This burgeoning fashion reflects Australia's eagerness to adopt present-day technology, shaping the future of home automation Down Under.

The evolution of smart towns and communities has propelled the rise of the Australia smart home market. City areas embody digitalization and connectivity, so residents seek revolutionary solutions to enhance their lives. Smart metropolis projects prioritize sustainability, efficiency, and connectivity, fostering surroundings conducive to adopting domestic automation technologies. This synergy among urban improvement and technological innovation drives the need for smart home solutions across Australia, fueling the market's growth and remodeling how Australians stay. So, the Australia smart home market was US$ 2.36 Billion in 2023.

The considerable adoption of solar electricity in Australia has led to the market's boom by promoting electricity efficiency and sustainability. Smart home technologies, such as energy-tracking systems and smart appliances, are being increasingly adopted to supplement solar energy usage, driving the demand for interconnected, energy-efficient homes. Customers' extensive demand for customizable and personalized smart home solutions has fueled the increase in the Australian market. With a focal point on comfort and tailored reports, smart home technology offers flexibility and control, expanding adoption. This trend shifts toward personalized residing environments tailored to people's choices and existence.

Security applications are among the most prominently used in the Australia smart home market

By application, the Australia smart home market is fragmented into Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, and Smart Appliances. Security is one of the leading applications in the Australia smart home market because of its paramount importance for homeowners. With rising concerns about housebreaking and property intrusion, smart home security structures offer peace of mind via remote monitoring, real-time alerts, and surveillance abilities. Australians prioritize safety in their homes and households, driving the need for smart locks, safety cameras, and integrated alarm systems. Further, the convenience of controlling and monitoring security gadgets through smartphones aligns with the universal tech-savvy way of life in Australia, cementing security as a cornerstone of the smart home market.

Smart speakers are one of the most sought-after products in the Australia smart home market

By products, the Australia smart home market is divided into Smart speakers, Interactive Security Systems, Smart Thermostats, Monitoring Cameras, Video doorbells, Smart light bulbs, Motion sensors, Smart light switches, Door/window sensors, Smart door locks, and Others. Smart speakers are among the most popular products in the Australia smart home market. This is due to their versatility and convenience. These gadgets are principal hubs for controlling smart home devices, playing tracks, answering queries, and handling daily responsibilities through voice instructions.

Australians recognize the hands-free capability and seamless integration with popular smart home systems like Google Assistant and Amazon Alexa. The enchantment of smart speakers transcends age and tech proficiency, making them reachable to an extensive demographic. Their affordability and persistent improvements in AI technology also drive their adoption, solidifying their reputation as necessary components of the modern Australian smart home.

Key Players

Companies employ various strategies such as partnerships, acquisitions, and geographical expansions to strengthen their position in the market. Further, they focus on enhancing their product offerings to meet changing user needs. The Australia smart home market comprises Philips Dynalite, Sonos, Alarm.com, Allegion plc, Electrolux AB, Amazon, Apple Inc., Xiaomi (China), and Honeywell International Inc.

Renub Research report titled “Australia Smart Home Market By Applications (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, and Smart Appliances), Products (Smart Speakers, Interactive Security Systems, Smart Thermostats, Monitoring Cameras, Video Doorbells, Smart Light Bulbs, Motion Sensors, Smart Light Switches, Door/Window Sensors, Smart Door Locks, and Others) Company Analysis (Philips Dynalite, Sonos, Alarm.com, Allegion plc, Electrolux AB, Amazon, Apple Inc., Xiaomi (China), and Honeywell International Inc.)” provides a complete study of the Australia Smart Home Industry.

Application – Australia Smart Home Market breakup in 6 viewpoints:

1. Energy Management
2. Comfort and Lighting
3. Home Entertainment
4. Control and Connectivity
5. Security
6. Smart Appliances

Products – Australia Smart Home Market breakup in 11 viewpoints:

1. Smart speakers
2. Interactive Security Systems
3. Smart Thermostats
4. Monitoring Cameras
5. Video doorbells
6. Smart light bulbs
7. Motion sensors
8. Smart light switches
9. Door/window sensors
10. Smart door locks
11. Others

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. Philips Dynalite
2. Sonos
3. Alarm.com
4. Allegion plc
5. Electrolux AB
6. Amazon
7. Apple Inc.
8. Xiaomi (China)
9. Honeywell International Inc.

Table of Contents

120 Pages
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Driver
4.2 Challenges
5. Australia Smart Home Market
6. Market Share – Australia Smart Home Analysis
6.1 By Application
6.2 By Products
7. Application – Australia Smart Home Market
7.1 Energy Management
7.2 Comfort and Lighting
7.3 Home Entertainment
7.4 Control and Connectivity
7.5 Security
7.6 Smart Appliances
8. Products – Australia Smart Home Market
8.1 Smart Speaker
8.2 Interactive Security System
8.3 Smart Thermostat
8.4 Monitoring Camera
8.5 Video Doorbell
8.6 Smart Light Bulb
8.7 Motion Sensor
8.8 Smart Light Switch
8.9 Door/window Sensor
8.10 Smart Door Lock
8.11 Others
9. Porter’s 5 Forces Analysis – Australia Smart Home Market
9.1 Bargaining Power of Buyer
9.2 Bargaining Power of Supplier
9.3 Threat of New Entrants
9.4 Rivalry among Existing Competitors
9.5 Threat of Substitute Products
10. SWOT Analysis – Australia Smart Home Market
10.1 Strength
10.2 Weakness
10.3 Opportunity
10.4 Threat
11. Key Players Analysis – Australia Smart Home Market
11.1 Philips Dynalite
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Revenue
11.2 Sonos
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Revenue
11.3 Alarm.com
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Revenue
11.4 Allegion plc
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Revenue
11.5 Electrolux AB
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Revenue
11.6 Amazon
11.6.1 Overview
11.6.2 Recent Development
11.6.3 Revenue
11.7 Apple Inc.
11.7.1 Overview
11.7.2 Recent Development
11.7.3 Revenue
11.8 Xiaomi (China)
11.8.1 Overview
11.8.2 Recent Development
11.8.3 Revenue
11.9 Honeywell International Inc.
11.9.1 Overview
11.9.2 Recent Development
11.9.3 Revenue
List of Figures:
Figure-01: Australia – Smart Home Market (Million US$), 2019 – 2023
Figure-02: Australia – Forecast for Smart Home Market (Million US$), 2024 – 2030
Figure-03: Application – Energy Management Market (Million US$), 2019 – 2023
Figure-04: Application – Forecast for Energy Management Market (Million US$), 2024 – 2030
Figure-05: Application – Comfort and Lighting Market (Million US$), 2019 – 2023
Figure-06: Application – Forecast for Comfort and Lighting Market (Million US$), 2024 – 2030
Figure-07: Application – Home Entertainment Market (Million US$), 2019 – 2023
Figure-08: Application – Forecast for Home Entertainment Market (Million US$), 2024 – 2030
Figure-09: Application – Control and Connectivity Market (Million US$), 2019 – 2023
Figure-10: Application – Forecast for Control and Connectivity Market (Million US$), 2024 – 2030
Figure-11: Application – Security Market (Million US$), 2019 – 2023
Figure-12: Application – Forecast for Security Market (Million US$), 2024 – 2030
Figure-13: Application – Smart Appliances Market (Million US$), 2019 – 2023
Figure-14: Application – Forecast for Smart Appliances Market (Million US$), 2024 – 2030
Figure-15: Products – Smart Speaker Market (Million US$), 2019 – 2023
Figure-16: Products – Forecast for Smart Speaker Market (Million US$), 2024 – 2030
Figure-17: Products – Interactive Security System Market (Million US$), 2019 – 2023
Figure-18: Products – Forecast for Interactive Security System Market (Million US$), 2024 – 2030
Figure-19: Products – Smart Thermostat Market (Million US$), 2019 – 2023
Figure-20: Products – Forecast for Smart Thermostat Market (Million US$), 2024 – 2030
Figure-21: Products – Monitoring Camera Market (Million US$), 2019 – 2023
Figure-22: Products – Forecast for Monitoring Camera Market (Million US$), 2024 – 2030
Figure-23: Products – Video doorbell Market (Million US$), 2019 – 2023
Figure-24: Products – Forecast for Video doorbell Market (Million US$), 2024 – 2030
Figure-25: Products – Smart Light Bulb Market (Million US$), 2019 – 2023
Figure-26: Products – Forecast for Smart Light Bulb Market (Million US$), 2024 – 2030
Figure-27: Products – Motion Sensor Market (Million US$), 2019 – 2023
Figure-28: Products – Forecast for Motion Sensor Market (Million US$), 2024 – 2030
Figure-29: Products – Smart Light Switch Market (Million US$), 2019 – 2023
Figure-30: Products – Forecast for Smart Light Switch Market (Million US$), 2024 – 2030
Figure-31: Products – Door/Window Sensor Market (Million US$), 2019 – 2023
Figure-32: Products – Forecast for Door/Window Sensor Market (Million US$), 2024 – 2030
Figure-33: Products – Smart Door Lock Market (Million US$), 2019 – 2023
Figure-34: Products – Forecast for Smart Door Lock Market (Million US$), 2024 – 2030
Figure-35: Products – Others Market (Million US$), 2019 – 2023
Figure-36: Products – Forecast for Others Market (Million US$), 2024 – 2030
Figure-37: Philips Dynalite – Global Revenue (Million US$), 2019 – 2023
Figure-38: Philips Dynalite – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-39: Sonos – Global Revenue (Million US$), 2019 – 2023
Figure-40: Sonos – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-41: Alarm.com – Global Revenue (Million US$), 2019 – 2023
Figure-42: Alarm.com – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-43: Allegion plc – Global Revenue (Million US$), 2019 – 2023
Figure-44: Allegion plc – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-45: Electrolux AB – Global Revenue (Million US$), 2019 – 2023
Figure-46: Electrolux AB – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-47: Amazon – Global Revenue (Million US$), 2019 – 2023
Figure-48: Amazon – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-49: Apple Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-50: Apple Inc. – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-51: Xiaomi (China) – Global Revenue (Million US$), 2019 – 2023
Figure-52: Xiaomi (China) – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-53: Honeywell International Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-54: Honeywell International Inc. – Forecast for Global Revenue (Million US$), 2024 – 2030
List of Tables:
Table-01: Australia – Smart Home Market Share by Application (Percent), 2019 – 2023
Table-02: Australia – Forecast for Smart Home Market Share by Application (Percent), 2024 – 2030
Table-03: Australia – Smart Home Market Share by Product (Percent), 2019 – 2023
Table-04: Australia – Forecast for Smart Home Market Share by Product (Percent), 2024 – 2030

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