Australia Smart Home Market Report 2021-2026 – ResearchAndMarkets.com | Business

DUBLIN – (BUSINESS WIRE) – May 28, 2021 –

The report “Australia Smart Home Market by Application, Products, Active Household Numbers, Penetration Rate, Company Analysis, Forecast” has been added to the offering of ResearchAndMarkets.com.

Australia’s smart home market will be US $ 4.61 billion by 2027 compared to US $ 2.01 billion in 2020, with a staggering 12.59% CAGR between 2020 and 2027.

Australia’s penchant for connected devices and the Internet of Things (IoT) has led to the boom in the smart home market. This adaptation provides consumers with interconnection and improved access to various services. Australia’s smart home industry is growing because of its affordability. People buy smart home products to make their lives easier.

According to our research, around 2.3 million Australian homes have smart home technology. Factors such as changing lifestyles and increasing disposable income are driving Australia’s smart home industry. In addition, the growing demand for energy efficient devices and solutions coupled with the growing adoption of smart devices is expected to drive the smart home market in Australia. Smart sound and entertainment systems also play an important role in smart home due to their functionality and ease of use.

Australia is comparatively six to 12 months behind the United States in smart home ownership. In Australia, people are implementing a smart home feature in their daily life where they can close and open their garage door remotely. People can control the temperature in the house, as the geo-fence connected to the thermostat helps them feel relieved when they get home from busy schedules.

The smart speaker uses voice command to control smart devices to make everyday life easier for Australians. Australian automated home integrated with cool gadgets like interactive security system, smart door lock, smart doorbells, smart locks, smart cameras, smart thermostats, smart lights and door / window sensor to secure their family and home when they are not there or going on a long trip or vacation.

New Company Products

  • In 2021, Alarm.com is developing the first “Contactless Video Doorbell” to reduce public health risks and make home visits and deliveries safer for everyone.
  • Another company name Sonos Arc introduced in 2020 the premium smart soundbar that brings immersive cinema-quality sound to homes around the world.

Main topics covered:

1. Introduction

2. Research and methodology

3. Executive summary

4. Market dynamics

4.1 Growth engine

4.2 challenges

5. Australian smart home market

6. Market share

6.1 By application

6.2 By products

6.3 Share of active households in smart homes

7. By Application – Australia Smart Home Market, Number of Active Households and Household Penetration

7.1 Energy management

7.1.1 Energy management market

7.1.2 Number of active households

7.1.3 Household penetration

7.2 Comfort and lighting

7.3 Home entertainment

7.4 Control and connectivity

7.5 Security

7.6 Smart devices

8. By Product – Australian Smart Home Market

8.1 Smart speaker

8.2 Interactive security system

8.3 Smart thermostat

8.4 Surveillance camera

8.5 Video doorbell

8.6 Smart bulb

8.7 Motion detector

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. Mergers and acquisitions

11. Business analysis

11.1 Philips dynalite

11.2 Sonos

11.3 Alarm.com

11.4 Allegion plc

11.5 Electrolux AB

For more information on this report, visit https://www.researchandmarkets.com/r/3w50bs

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210528005276/en/

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KEYWORD: AUSTRALIA / OCEANIA AUSTRALIA

INDUSTRY KEYWORD: HOME PRODUCTS RETAIL CONSUMER ELECTRONIC RETAIL OTHER TECHNOLOGIES

SOURCE: Research and markets

Copyright Business Wire 2021.

PUB: 05/28/2021 9:30 a.m. / DISC: 05/28/2021 9:32 a.m.

http://www.businesswire.com/news/home/20210528005276/en

Copyright Business Wire 2021.


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About Genevieve Swain

Genevieve Swain

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