Australia Smart Homes Market: Connected Living, Rising Rapidly

Australia Smart Homes Market Overview

Market Size in 2024: USD 3.8 Billion

Market Size in 2033: USD 11.5 Billion

Market Growth Rate 2025-2033: 11.60%

According to IMARC Group's latest research publication, "Australia Smart Homes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Australia smart homes market size was valued at USD 3.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 11.5 Billion by 2033, exhibiting a CAGR of 11.60% during 2025-2033.

How AI is Reshaping the Future of Australia Smart Homes Market

• Intelligent Home Orchestration: Hisense's ConnectLife platform and LG's ThinQ ON AI home hub are revolutionizing Australian smart homes with advanced AI capabilities that analyze user behavior patterns and automatically adjust temperature, lighting, and energy consumption. These systems learn individual preferences and optimize home environments in real-time, creating personalized living experiences that enhance comfort while reducing energy costs.

• Voice and Gesture Control Evolution: Advanced AI-powered voice assistants and gesture-responsive sensors are transforming how Australians interact with their smart homes, making automation more intuitive and accessible. Natural language processing technology enables seamless control of lighting, appliances, and entertainment systems through conversational commands, while motion detection systems provide hands-free operation particularly beneficial for elderly residents and those with disabilities.

• Cross-Platform Ecosystem Integration: LG's 80% acquisition of Athom in July 2024 demonstrates the push toward unified smart home platforms, with ThinQ ON now supporting extensive third-party device connectivity. Similarly, Hisense's ConnectLife integration with Google Home enables control of Matter-certified and 'Works with Google Home' products, breaking down compatibility barriers and creating seamless multi-brand smart home experiences for Australian consumers.

• AI-Driven Energy Management: Smart home platforms are leveraging machine learning algorithms to optimize energy consumption across Australian households through intelligent scheduling of appliances, real-time monitoring of solar panel integration, and predictive analytics that adjust heating, cooling, and lighting based on weather forecasts and occupancy patterns, resulting in significant utility cost savings.

• Predictive Maintenance and Security: AI-powered home systems are revolutionizing preventive maintenance by monitoring appliance performance data and predicting potential issues before failures occur, while advanced security systems use facial recognition technology and behavioral analysis to distinguish between family members, visitors, and potential threats, providing enhanced safety and peace of mind for homeowners across Australia.

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Australia Smart Homes Market Trends & Drivers:

Australia's smart homes market is experiencing explosive growth driven by rapid urbanization and increased digital readiness, particularly in tech-savvy metropolitan areas like Sydney and Melbourne where high-speed internet infrastructure and modern living environments create ideal conditions for connected home technologies. Urban residents are increasingly embracing automation solutions that maximize space efficiency and utility in compact living arrangements, while the growing prevalence of remote work culture has reinforced demand for comprehensive connected living environments that enhance productivity and comfort.

The rising demand for energy efficiency is fundamentally reshaping Australian smart home adoption, with homeowners prioritizing technologies that reduce utility expenses and environmental impact. Smart thermostats, intelligent lighting systems, and energy monitoring platforms enable real-time consumption management, while integration with solar energy solutions and smart meters further enhances household efficiency. Growing awareness of climate issues and potential cost savings continues driving consumer preference for energy-efficient smart home options that align with sustainability goals and provide measurable financial benefits.

Voice-controlled smart devices have become increasingly popular across Australian households, enabling hands-free management of diverse home functions from lighting and temperature control to entertainment system operation. The expanding accuracy and reliability of voice recognition technology, combined with seamless integration capabilities, is making these devices essential components of modern home automation. Smart security systems featuring facial recognition, remote monitoring, and real-time notifications are transforming home protection, offering enhanced control and peace of mind through smartphone connectivity and intelligent monitoring capabilities.

Australia Smart Homes Industry Segmentation:

The report has segmented the market into the following categories:

Component Insights:

• Hardware (Security, Home Automation, Home Entertainment, and Home Healthcare)

• Smart Appliances

• AI Speaker

• Services (Energy Consumption and Management Services, Security Services, Healthcare Services, and Entertainment Services)

Application Insights:

• Security and Surveillance

• Lighting

• Entertainment

• Energy Management

• HVAC

• Smart Kitchen

• Home Fitness and Wellness

Breakup by Region:

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & Southern Australia

• Western Australia

Recent News and Developments in Australia Smart Homes Market

• January 2025: Hisense unveiled groundbreaking AI-driven innovations at CES 2025, showcasing the ConnectLife platform's integration with Google Home to control third-party smart devices including Matter-certified products, lights, smart sockets, and sensors, significantly expanding ecosystem compatibility for Australian smart home enthusiasts.

• January 2024: Hisense Australia expanded its ConnectLife-enabled smart home appliance range, integrating with latest TV models to provide enhanced energy efficiency, remote control capabilities, and unified smart home management through a dedicated mobile app, demonstrating the company's commitment to comprehensive home automation solutions.

• July 2024: LG Electronics acquired an 80% stake in Athom, a leading smart home platform, integrating advanced connectivity features into LG ThinQ to accelerate AI home innovation and expand the open smart home ecosystem, positioning LG as a major player in Australia's connected home technology landscape.

• August 2024: LG Electronics unveiled the ThinQ ON AI home hub at IFA 2024, featuring "Affectionate Intelligence" that creates personalized home experiences through advanced machine learning algorithms, offering professional installation packages and expanded device compatibility through the Athom ecosystem integration for Australian consumers.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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