Australia Smart Home Market to Reach US$ 10.15 Billion by 2033, Fueled by IoT, AI, and Sustainable Living

Australia Smart Home Market Analysis

The Australian Smart Home market is expected to experience considerable growth, reaching an estimated US$10.15 billion by 2033, from US$2.72 billion in 2024. This remarkable growth entails a compound annual growth rate of 15.75% from 2025 to 2033. This growth is fueled by mounting consumer interest in automation, energy savings, and improved security functions in smart home technology.

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Australia Smart Home Market Outlook

A smart home is a home that is fitted with devices which can be controlled remotely and automated for increased comfort, convenience, and security. These devices, including smart thermostats, lighting, locks, and appliances, are connected to a central unit or the internet, enabling owners to control them through smartphones or voice assistants.

The adoption of smart home technology has been on the rise in Australia over the last few years, thanks to improvements in the Internet of Things (IoT) and a greater need for energy efficiency. Smart home systems have been widely adopted by Australians, with many focusing on energy efficiency-reducing costs- and through smart thermostats and lighting systems. This technology also offers enhanced security features, from surveillance cameras and smart locks for homeowners.

The increasing trend is also driven by a younger technology-aware generation willing to embrace smart technologies in everyday life. With growing awareness and availability, the Australian market for smart homes keeps on expanding with more advanced solutions for consumers.

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Trends in the Australia Smart Home Market

Growing Demand for Energy-Efficient Solutions

Homeowners in Australia are embracing smart home technology to cut energy usage and bills. Devices like smart thermostats, lighting systems, and automated blinds help optimize power usage based on occupancy and environmental conditions. As electricity prices rise and sustainability becomes a priority, these solutions are seen as long-term investments. Government incentives for energy-efficient appliances and growing environmental awareness further support this trend. In July 2024, the Clean Energy Finance Corporation (CEFC) said it would expand smart technology solutions for energy consumers throughout Australia. The CEFC has pledged $50 million in financing to fund Intellihub, Australia's largest supplier of smart metering units. This investment will enable the quicker rollout of smart devices that are intended to improve the efficiency of energy use and grid reliability.

Rise of Voice-Controlled Assistants and AI Integration

Adoption of smart speakers such as Amazon Alexa and Google Home is transforming the way Australians engage with their homes. These voice-activated assistants are being coupled with different home systems, allowing users to control lighting, security, and entertainment in a seamless manner. As technology advances, it becomes more personalized in its responses and learns about user habits, which increases convenience and attractiveness of completely connected homes in Australia. August 2023, Pantheone launched Obsidian wireless speaker in Australia, which integrates Alexa voice assistant, AirPlay 2 support, and high-fidelity audio performance in a hand-crafted, sculptural design with up to 15 hours of battery life.

Expansion of Home Security and Surveillance Technologies

Homeowners in Australia are giving importance to safety through smart surveillance systems. Smart cameras, video doorbells, and motion sensors are extensively used to remotely monitor properties. These systems provide real-time notifications and mobile control, enhancing control and peace of mind. Urbanization of the population and heightened anxiety about property crime are fueling the demand for smart, networked home security systems. August 2024, Amazon launched the Echo Show 8 (3rd Gen) in Australia. It features spatial audio support, a 13MP camera with auto-framing, and adaptive content, offering an enhanced smart display experience. The product comes with an 8-inch HD screen and improved sound quality for streaming.

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Growth of Smart Appliances in Australian Homes

From washing machines to refrigerators, smart appliances are increasingly common in Australian homes. They provide automation, remote control, and compatibility with mobile apps for smart household management. Brands are increasingly introducing smart-compatible products, and consumers are attracted to them because they are convenient, save energy, and can monitor usage patterns. This is in accordance with Australia's technologically advanced and time-sensitive consumer base. March 2025, Samsung Electronics announced its enhanced AI Home vision with a new range of Bespoke AI appliances featuring cutting-edge AI capabilities and built-in smart screens. The launch strategy focuses on providing a seamless, secure, and intuitive connected home experience that maximizes convenience, energy efficiency, and personalized care. It maximizes SmartThings connectivity, enhanced voice controls through Bixby's latest update, and secure Knox protection to make Samsung a leader in the smart home living of the future.

Growth Driver in Australia Smart Home Market

High Smartphone and Internet Penetration

Datareportal's 2024 Global Digital Report revealed that about 97% of Australians had at least one smartphone, and 96.4% use it to browse the internet. Australia boasts one of the highest rates of smartphone and internet penetration in the world, which serves as the basis for the adoption of smart homes. With established broadband infrastructure and extensive mobile device adoption, customers have the ability to easily connect, control, and monitor smart home systems. This level of digital preparedness improves user experience and enables seamless adoption of smart solutions into daily life, driving demand in the market.

Encouraging Government Policies and Energy Initiatives

The government of Australia encourages energy efficiency via programs and rebates for smart home automation and intelligent appliances. Initiatives to decrease carbon footprints promote the use of smart lights, thermostats, and solar monitoring systems. These policies encourage awareness as well as decrease initial costs, making the use of smart home solutions more manageable for the average homeowner and also fueling long-term market growth. The Australian Government has established a target to enhance Australia's energy productivity by 40 per cent by 2030. We will require a package of robust reforms in order to achieve this target. The energy effi ciency of our economy is due to interactions amongst energy, building, vehicle, plant and equipment, appliance and service markets, so we will require focused reforms across all these sectors.

Growing Awareness of Home Automation Benefits

Australians are increasingly waking up to the advantages of home automation in the areas of security, convenience, and cost savings. Public education campaigns, international brand marketing, and simplicity of technology have helped foster increasing consumer confidence. With smart homes transitioning from being a luxury to a necessity, an increasing number of households are incorporating smart solutions, particularly in newly constructed or refurbished properties, further driving market growth. Feb 2025, Schneider Electric's third edition of its Home & Distribution Consumer Survey reveals that 87% of Australian homeowners prioritize energy efficiency, yet 60% hesitate to adopt smart home technologies due to high upfront costs. There's a disconnect between intentions and actions, with only 28% planning to switch to renewable energy and 53% reluctant to use AI for household tasks. Yet younger Australians are more ready to invest, spending 30% over the national average on energy-efficient upgrades. As energy efficiency becomes more critical with time-of-use tariffs and solar integration, automation brings convenience and savings.

Australia Smart Home Door Lock Market

The Australian smart door lock market is witnessing high growth as a result of increasing fears about home security and ease of keyless entry. Smart door locks come with features such as remote access, biometric identification, and live monitoring through smartphones. Integration with voice control is also gaining popularity as smart speakers and home hubs become more popular. Both property managers and homeowners are embracing these locks for better control, especially in urban areas.

Overview of Sydney's Smart Home Market

Sydney is at the forefront of Australia's smart home market because of its high population density, high disposable income, and advanced housing infrastructure. The people are tech-savvy early adopters, influencing demand for smart lighting, security, energy management, and home entertainment systems. Smart-ready infrastructure is common in new residential developments, and the local businesses are increasing services in home automation installation and support. Being a tech-savvy city, Sydney leads the way in trends that impact national smart home adoption. March 2025, Roborock is introducing its new cutting-edge cleaning solutions to Australia, such as the Saros Series, F25 Series, and Qrevo EdgeC. Promoted in Sydney, these models will transform home cleaning with next-generation automation, strong suction power, and cutting-edge design.

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