smart Home

Australians are very interested in smart home technologies with 7.6 million households now having adopted at least one smart home product, with nearly 24 connected devices per home.

The smart home market is set to crack $2.5 billion in revenue, driven by demand for energy efficiency, security, price increases, and the anticipation of the smart home concept greatly benefit from the technological advancements in generative AI.

Click here for the latest Telsyte's IoT@Home market study press release.

Telsyte Australian Smart Home Market Study 2024 covers:

  • Smart home adoption and spending

  • Consumers sentiment on current smart home offerings

  • Cost of living pressures and the transition to smarter homes

  • Smart appliance vendors enabling ‘connected’ living

  • The economics of fuel prices pushing new car buyers to EVs

  • AI taking the market from ‘connected home’ to AI-enabled smart living

Telsyte forecasts the smart home market to be worth over $5 billion by 2027 with high value smart home products such as smart batteries, smart appliances and services to drive smart home market value. Smart appliances could make up around a third of all appliance revenue by 2027. 

The Telsyte Australian Smart Home Market Study is an annual publication reporting on smart home automation industry and consumer trends.

Key questions answered in this study include:

  • How will AI shape the smart home?

  • How will all these AI-powered, connected devices interact?

  • What are smart spaces and how will they change working from home?

  • What are the reasons for making spaces “smarter”?

  • How are smart security surveillance and smart home care technologies helping with disability and aged care?

  • What is the future demographic of smart home buyers?

  • How will voice assist technology shape the consumer experience?

  • What are the main channels to market for smart home vendors?

  • How will consumers adopt to subscription pricing models?

Telsyte’s Australian IoT@Home Market Study is designed for:

  • Product managers within utilities, insurance and telcos that are designing smart home automation product/service bundles

  • Marketing leaders within hardware and software providers that need thought leadership content for their brands

  • Business leaders within the traditional security providers and other firms that will be disrupted by the rise of AI and the Internet of Things

  • Anyone tasked with making strategic decisions about supplying products, services and retail channel management to the Australian Smart Home market

In preparing this study, Telsyte used the following sources of research:

  • Telsyte’s Smart Home survey conducted in July & August 2023 with a representative sample of more than 1000 respondents, 16 years and older.

  • Interviews conducted with executives from service providers, network operators, manufacturers, retailers, financial analysts and channel partners.

  • Financial reports released by service providers and manufacturers.

  • On-going monitoring of local and global market and vendor trends.

For further information and enquiries about the study please contact us on:

Email: info@telsyte.com.au

Phone: 1800 313 142

Or by submitting the following form