News

According to Renub Research latest report “Australia Smart Home Market, Size, Forecast 2023-2028, Industry Trends, Share, Growth, Company Analysis” Australia Smart Home Market is estimated to reach US$ 5.4 Billion by 2028. A home or a residence that utilizes internet-connected heating, lighting, and electronic devices, that can be controlled remotely by computer or smartphone, is known as smart home.

The factors like, changing lifestyle and rising disposable income are major contributors to the growth rate of smart homes. The growth in the penetration rate of the internet and smartphones is adding to the trend for internet and smartphone-connected smart home devices, and the trend of artificial intelligence in smart home appliances for smart features is anticipated to increase the product demand.

Products like, security cameras, smart lights, streaming devices, dishwashers, and more, have the presence of smart home products in it. The people of the country are showing a high inclinatio

Globally from the last few years, home automation devices technologies are increasing rapidly. Sensor technology embedded with IoT devices will continue to become cheaper in prices, widely available, and more advanced. Australian inclination towards connected devices and the Internet of Things (IoT) has led to the rise of the smart home market. This adaptation offers consumers interconnection and improved access to various services. Australia's smart home industry is growing due to its affordability. People are buying smart home products to make their lives convenient. According to Renub Research Analysis, Australia Smart Home Market will be US$ 4.61 Billion by 2027.

According to our research approximately 2.3 million Australian homes have smart home technology. Factors like changing lifestyle and rising disposable income are driving the Australia smart home industry. Moreover, increasing demand for energy efficient appliances and solutions, coupled with growing adoption of smart devic