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Australia Smart Home Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 205 Pages
  • January 2023
  • Region: Australia
  • Renub Research
  • ID: 5715837

Australia Smart Home Market was valued at US$ 3.03 Billion in 2022

Australia Smart Home Market will be US$ 5.37 Billion during the forecast year 2028 according to the publisher. A smart home is a simple home setup where appliances and equipment can be operated remotely via a smartphone or networked computer from anywhere with internet access. Australians have embraced innovative home technology, with nearly two-thirds (6.3 million) of households having at least one smart home product in 2021, according to Telsyte.

Devices in an intelligent home are interconnected through the internet, allowing the user to remotely monitor functions, such as home security access, temperature, lighting, and a home theatre. It can be built up through wireless or hardwired systems. Then, they are remotely controlled through a smart home app on the smartphone or other networked devices.

Australia Smart Home Industry is expected to grow with a Double Digit CAGR of 10% from 2022 - 2028.

Smart homes offer homeowners comfort, security, energy efficiency, and convenience by allowing them to control their smart devices in Australia. The specific types of smart homes are lighting control, security and access control, heating, ventilation, and air conditioning (HVAC) control, entertainment control, and other controls, smart speakers, smart kitchen, home appliances, home healthcare, and smart furniture.

However, Australia is six to 12 months behind the US in ingenious home appropriation. In Australia, people are applying an intelligent home feature in which they can close and open their garage door remotely. Approximately 2.3 million Australian homes are expected to have smart home technology. Home technologies have been skyrocketing, and it's a trend that's benefited from people being at home and no longer spending their disposable income on travel or other entertainment.

By Application: Smart Appliances will dominate the Australia Smart Home Industry

Based on application, The Australian smart home market is classified into seven types: Energy Management, Comfort and Lightening, Home Entertainment, Control and Connectivity, Security, and Smart Appliances. Smart Appliances will dominate the market share due to low cost. Aussie people are buying smart home products to make their lives convenient; appliances like TVs, refrigerators, microwave ovens, air purifiers, etc., that have intelligent home integration give the ability to customize their actions according to a specific schedule or event.

However, with the increasing penetration of smart homes, rising home improvement projects, growing internet penetration, and rising awareness about smart appliances, the Online distribution segment of smart devices to gain the highest grip and rapid developments in IT and wireless communication, fastest technological advancements have significantly driven the segment.

In Addition, Control and Connectivity also holds a significant share. It includes the essential equipment part of an intelligent home network (hubs, switches, smart speakers, plugs). Because of the high quality of customer service, security, convenience gives comfort and convenience of buying it. As per our research report, Australia Smart Home Market was valued at US$ 3.03 Billion in 2022.

By Product: Smart Speaker, Monitoring Camera, Video Doorbells, Smart Light, Security System have Bright Future

Based on the Product, Australia Smart Home Market is divided into eleven types: Smart Speaker, Interactive Security Systems, Smart Thermostats, Monitoring Camera, Video doorbells, Smart light bulbs, Motion Sensor, Smart Light Switch, Door/Window Sensor, Smart door lock and others. The increasing demand in Australia market for digitally connected devices leads due to devices such as smart security cameras and video assist doorbells provide advanced security solutions.

In Addition, Smart security cameras make it simple to observe a home from anywhere, and they are feature customizable solutions and well-equipped. Smart security cameras are also available with do-it-self kits. The Australian user set up security alerts as per their requirement or opt to pay the subscription fee and free for 24/7 surveillance services.

Key Players Analysis:

Some key players in the Australia Smart Home Market are Philips Dynalite, Sonos, and Alarm. Com, Allegion, Plc, and Electrolux AB

In 2021, Alarm.com developed the first 'Touchless Video Doorbell' product to make home visits and reduce public health risks and deliveries safer.
In 2020, Sonos Arc introduced a premium smart soundbar that brings immersive and cinema-quality sound to homes worldwide.

The publisher's latest report titled “Australia Smart Home Market by Application, Products, Active Household Numbers, Penetration rate, Company (Philips dynalite, Sonos, Alarm.com, Allegionplc, Electrolux AB)” report provides current trends and analysis of Australia Smart Home Industry.

Application - Market, Volume & Households Penetration break up into 6 Segments, and each of these segments further divided into 3 sub-segments

1. Energy Management

a. Energy Management Market
b. Number of Active Households
c. Application Household Penetration

2. Comfort and Lighting

a. Comfort and Lighting Market
b. Number of Active Households
c. Application Household Penetration

3. Home Entertainment

a. Home Entertainment Market
b. Number of Active Households
c. Application Household Penetration

4. Control and Connectivity

a. Control and Connectivity Market
b. Number of Active Households
c. Application Household Penetration

5. Security

a. Security Market
b. Number of Active Households
c. Application Household Penetration

6. Smart Appliances

a. Smart Appliances Market
b. Number of Active Households
c. Application Household Penetration

Products - Market and Volume breakup of 11 Smart Home Products in Australia

1. Smart Speaker
2. Interactive Security System
3. Smart Thermostat
4. Monitoring Camera
5. Video Doorbell
6. Smart Light Bulb
7. Motion Sensor
8. Smart Light Switch
9. Door/Window Sensor
10. Smart Door Lock
11. Others

Company have been covered from 3 Viewpoints

  • Overview
  • Recent Development
  • Revenue

Company Analysis

1. Philips dynalite
2. Sonos
3. Alarm.com
4. Allegionplc
5. Electrolux AB
Frequently Asked Questions about the Australian Smart Home Market

What is the estimated value of the Australian Smart Home Market?

The Australian Smart Home Market was estimated to be valued at $3.03 Billion in 2022.

What is the growth rate of the Australian Smart Home Market?

The growth rate of the Australian Smart Home Market is 10.0%, with an estimated value of $5.38 Billion by 2028.

What is the forecasted size of the Australian Smart Home Market?

The Australian Smart Home Market is estimated to be worth $5.38 Billion by 2028.

Who are the key companies in the Australian Smart Home Market?

Key companies in the Australian Smart Home Market include Philips dynalite, Sonos, Alarm.com and Electrolux AB.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Driver
4.2 Challenges

5. Australia Smart Home Market
5.1 Australia Smart Home Market
5.2 Smart home User
5.3 Household Penetration Rate

6. Market Share - Australia Smart Home Analysis
6.1 Market Share - By Application
6.2 Market Share - By Products
6.3 Smart Home User Share - By Application

7. Application - Australia Smart Home Market, User & Households Penetration Rate
7.1 Energy Management
7.1.1 Energy Management Market
7.1.2 Number of home User
7.1.3 Household Penetration Rate
7.2 Comfort and Lighting
7.2.1 Energy Management Market
7.2.2 Number of home User
7.2.3 Household Penetration Rate
7.3 Home Entertainment
7.3.1 Energy Management Market
7.3.2 Number of home User
7.3.3 Household Penetration Rate
7.4 Control and Connectivity
7.4.1 Energy Management Market
7.4.2 Number of home User
7.4.3 Household Penetration Rate
7.5 Security
7.5.1 Energy Management Market
7.5.2 Number of home User
7.5.3 Household Penetration Rate
7.6 Smart Appliances
7.6.1 Energy Management Market
7.6.2 Number of home User
7.6.3 Household Penetration Rate

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. Australia Smart Home Standardization Policy

10. Merger & Acquisitions

11. Company Analysis
11.1 Philips Dynalite
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Sales Insight
11.2 Sonos
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Sales Insight
11.3 alarm.com
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Sales Insight
11.4 allegionplc
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Sales Insight
11.5 Electrolux AB
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Sales Insight

List of Figures:
Figure 01: Australia - Smart Home Market (Billion US$), 2018 - 2022
Figure 02: Australia - Forecast for Smart Home Market (Billion US$), 2023 - 2028
Figure 03: Australia - Active Household Number (Million), 2018 - 2022
Figure 04: Australia - Forecast for Active Household Number (Million), 2023 - 2028
Figure 05: Australia - Household Penetration Rate, 2018 - 2022
Figure 06: Australia - Forecast for Household Penetration Rate, 2023 - 2028
Figure 07: Application - Energy Management Market (Million US$), 2018 - 2022
Figure 08: Application - Forecast for Energy Management Market (Million US$), 2023 - 2028
Figure 09: Energy Management - Application Number of Active Households (Million), 2018 - 2022
Figure 10: Energy Management - Forecast for Number of Active Households (Million), 2023 - 2028
Figure 11: Energy Management - Application Household Penetration Rate, 2018 - 2022
Figure 12: Energy Management - Forecast for Application Household Penetration Rate, 2023 - 2028
Figure 13: Application - Comfort and Lighting Market (Million US$), 2018 - 2022
Figure 14: Application - Forecast for Comfort and Lighting Market (Million US$), 2023 - 2028
Figure 15: Comfort and Lighting - Application Number of Active Households (Million), 2018 - 2022
Figure 16: Comfort and Lighting - Forecast for Application Number of Active Households (Million), 2023 - 2028
Figure 17: Comfort and Lighting - Application Household Penetration Rate, 2018 - 2022
Figure 18: Comfort and Lighting - Forecast for Application Household Penetration Rate, 2023 - 2028
Figure 19: Application - Home Entertainment Market (Million US$), 2018 - 2022
Figure 20: Application - Forecast for Home Entertainment Market (Million US$), 2023 - 2028
Figure 21: Home Entertainment - Number of Active Households (Million), 2018 - 2022
Figure 22: Home Entertainment - Forecast for Number of Active Households (Million), 2023 - 2028
Figure 23: Home Entertainment - Application Household Penetration Rate, 2018 - 2022
Figure 24: Home Entertainment - Forecast for Application Household Penetration Rate, 2023 - 2028
Figure 25: Application - Control and Connectivity Market (Million US$), 2018 - 2022
Figure 26: Application - Forecast for Control and Connectivity Market (Million US$), 2023 - 2028
Figure 27: Control and Connectivity - Number of Active Households (Million), 2018 - 2022
Figure 28: Control and Connectivity - Forecast for Number of Active Households (Million), 2023 - 2028
Figure 29: Control and Connectivity - Application Household Penetration Rate, 2018 - 2022
Figure 30: Control and Connectivity - Forecast for Application Household Penetration Rate, 2023 - 2028
Figure 31: Application - Security Market (Million US$), 2018 - 2022
Figure 32: Application - Forecast for Security Market (Million US$), 2023 - 2028
Figure 33: Security - Number of Active Households (Million), 2018 - 2022
Figure 34: Security - Forecast for Number of Active Households (Million), 2023 - 2028
Figure 35: Security - Application Household Penetration Rate, 2018 - 2022
Figure 36: Security - Forecast for Application Household Penetration Rate, 2023 - 2028
Figure 37: Application - Smart Appliances Market (Million US$), 2018 - 2022
Figure 38: Application - Forecast for Smart Appliances Market (Million US$), 2023 - 2028
Figure 39: Smart Appliances - Number of Active Households (Million), 2018 - 2022
Figure 40: Smart Appliances - Forecast for Number of Active Households (Million), 2023 - 2028
Figure 41: Smart Appliances - Application Household Penetration Rate, 2018 - 2022
Figure 42: Smart Appliances - Forecast for Application Household Penetration Rate, 2023 - 2028
Figure 43: Products - Smart Speaker Market (Million US$), 2018 - 2022
Figure 44: Products - Forecast for Smart Speaker Market (Million US$), 2023 - 2028
Figure 45: Products - Interactive Security System Market (Million US$), 2018 - 2022
Figure 46: Products - Forecast for Interactive Security System Market (Million US$), 2023 - 2028
Figure 47: Products - Smart Thermostat Market (Million US$), 2018 - 2022
Figure 48: Products - Forecast for Smart Thermostat Market (Million US$), 2023 - 2028
Figure 49: Products - Monitoring Camera Market (Million US$), 2018 - 2022
Figure 50: Products - Forecast for Monitoring Camera Market (Million US$), 2023 - 2028
Figure 51: Products - Video doorbell Market (Million US$), 2018 - 2022
Figure 52: Products - Forecast for Video doorbell Market (Million US$), 2023 - 2028
Figure 53: Products - Smart Light Bulb Market (Million US$), 2018 - 2022
Figure 54: Products - Forecast for Smart Light Bulb Market (Million US$), 2023 - 2028
Figure 55: Products - Motion Sensor Market (Million US$), 2018 - 2022
Figure 56: Products - Forecast for Motion Sensor Market (Million US$), 2023 - 2028
Figure 57: Products - Smart Light Switch Market (Million US$), 2018 - 2022
Figure 58: Products - Forecast for Smart Light Switch Market (Million US$), 2023 - 2028
Figure 59: Products - Door/Window Sensor Market (Million US$), 2018 - 2022
Figure 60: Products - Forecast for Door/Window Sensor Market (Million US$), 2023 - 2028
Figure 61: Products - Smart Door Lock Market (Million US$), 2018 - 2022
Figure 62: Products - Forecast for Smart Door Lock Market (Million US$), 2023 - 2028
Figure 63: Products - Others Market (Million US$), 2018 - 2022
Figure 64: Products - Forecast for Others Market (Million US$), 2023 - 2028
Figure 65: Global - Philips Dynalite Revenue (Billion US$), 2018 - 2022
Figure 66: Global - Forecast for Philips Dynalite Revenue (Billion US$), 2023 - 2028
Figure 67: Global - Sonos Revenue (Million US$), 2018 - 2022
Figure 68: Global - Forecast for Sonos Revenue (Million US$), 2023 - 2028
Figure 69: Global - alarm.com Revenue (Million US$), 2018 - 2022
Figure 70: Global - Forecast for alarm.com Revenue (Million US$), 2023 - 2028
Figure 71: Global - Allegion plc Revenue (Million US$), 2018 - 2022
Figure 72: Global - Forecast for Allegion plc Revenue (Million US$), 2023 - 2028
Figure 73: Global - Electrolux AB Revenue (Billion US$), 2018 - 2022
Figure 74: Global - Forecast for Electrolux AB Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: Australia - Smart Home Market Share by Application (Percent), 2018 - 2022
Table 02: Australia - Forecast for Smart Home Market Share by Application (Percent), 2023 - 2028
Table 03: Australia - Smart Home Market Share by Product (Percent), 2018 - 2022
Table 04: Australia - Forecast for Smart Home Market Share by Product (Percent), 2023 - 2028
Table 05: Australia - Smart Home User Share by Application (Percent), 2018 - 2022
Table 06: Australia - Forecast for Smart Home User Share by Application (Percent), 2023 - 2028

Companies Mentioned

  • Philips dynalite
  • Sonos
  • Alarm.com
  • Allegionplc
  • Electrolux AB

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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