In 2023, the Australia Smart Home Market reached $2.09 billion, and it is projected to surge to $8.48 billion by 2030 at a CAGR of 22.2% from 2024 to 2030

The number of smart homes in the smart home market in Australia was forecast to continuously increase between 2023 and 2028 by in total *********** users (***************). After the ninth consecutive increasing year, the indicator is estimated to reach ************* users and therefore a new peak in 2028. Notably, the number of smart homes of the smart home market was continuously increasing over the past years.Find more information concerning Spain and Worldwide. The Statista Market Insights cover a broad range of additional markets.

The Australia smart home market size reached USD 1.98 Billion in 2024. The market is expected to grow at a CAGR of 8.04% between 2025 and 2034, reaching USD 4.29 Billion by 2034.

The revenue in the 'Security' segment of the smart home market in Australia was forecast to continuously increase between 2023 and 2028 by in total ***** million U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach ****** million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Security' segment of the smart home market was continuously increasing over the past years.Find more information concerning Indonesia and India. The Statista Market Insights cover a broad range of additional markets.

The revenue in the smart home market in Australia was forecast to continuously increase between 2023 and 2028 by in total *** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach **** billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.Find more information concerning South Korea and Canada. The Statista Market Insights cover a broad range of additional markets.

The Australia Smart Home market is anticipated to add more than USD 5 Billion from 2023 to 2028, due to technological advancements.

Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the revenue achieves the maximum value across all six different segments by the end of the comparison period. Notably, the segment Smart Appliances stands out with the highest value of *** billion U.S. dollars. The Statista Market Insights cover a broad range of additional markets.

In Australia Smart Home Hardware Market, Home security is a top priority for many homeowners, and smart home hardware offers innovative solutions to enhance security and safety.

Australia Smart Home Market growth is driven by smart technology becomes more accessible and central to modern lifestyles.

The Smart Homes Market Report is Segmented by Components (Consumer Electronics, Access Control, Safety, and Security, Lighting, Energy Management, Smart HVAC / Climate Control, Controllers / Hubs, Smart-Home Healthcare, and Smart Kitchen), Housing Type (Single-Family and Multi-Family), Installation Type (New Construction and Retrofit), Sales Channel (Online and Offline), and Geography.

The average revenue per smart home in the smart home market in Australia was forecast to continuously decrease between 2024 and 2028 by in total ***** U.S. dollars. After the seventh consecutive decreasing year, the indicator is estimated to reach *** U.S. dollars and therefore a new minimum in 2028. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Smart Home Cameras Market Size 2025-2029

The smart home cameras market size is forecast to increase by USD 8.15 billion at a CAGR of 20.6% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for advanced security solutions and the proliferation of the Internet of Things (IoT) technology. Premiumization of products through innovation and portfolio extension is a key trend in the market, as manufacturers seek to differentiate themselves by offering features such as high-definition video, night vision, and two-way audio. This trend is expected to continue, as consumers become more willing to pay a premium for enhanced security and convenience. However, the market is not without challenges. The distribution channel expansion strategy is crucial for market players, as they look to reach a wider customer base. These advancements include voice control, energy efficiency, and connectivity features that enhance convenience and functionality for consumers. However, the high cost of smart home appliances remains a challenge for some consumers, limiting market penetration.
At the same time, the presence of counterfeit and low-quality products poses a significant threat to the market's growth. These products not only undermine the reputation of legitimate players but also pose a security risk to consumers. To navigate these challenges effectively, companies must focus on building strong brand reputations, investing in research and development, and implementing quality control measures. By capitalizing on market opportunities and addressing these challenges head-on, players in the market can look forward to significant growth in the coming years.

What will be the Size of the Smart Home Cameras Market during the forecast period?

Request Free Sample

The market in the United States is experiencing growth due to the increasing demand for enhanced home security and home automation solutions. This market encompasses various offerings, including smart security devices, wireless security cameras, multi-camera systems, and outdoor security cameras. Cloud-based video recording, remote monitoring systems, and voice assistant integration are key features driving market expansion. Advanced camera features such as motion detection technology, real-time video analytics, and remote access control are increasingly popular among consumers. The integration of smart home platforms and home security monitoring systems further enhances the functionality of these devices. Outdoor security cameras, security camera bundles, and home monitoring systems are gaining traction, as homeowners seek comprehensive security solutions.
The market is also witnessing the adoption of advanced technologies like data encryption and cybersecurity measures to address growing concerns regarding privacy and security. The future of the market lies in the integration of advanced AI capabilities and the expansion of home automation solutions. As the market continues to evolve, it is expected to deliver innovative, user-friendly, and cost-effective security solutions for homeowners.

How is this Smart Home Cameras Industry segmented?

The smart home cameras industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Connectivity

  Wire-free smart home cameras
  Wired smart home cameras


Variant

  HD
  Non-HD


Application

  Outdoor
  Indoor


Geography

  North America

    US
    Canada
    Mexico


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The global market, including smart doorbells and related devices, primarily generates revenue through offline sales channels. Retail formats such as specialty stores, hypermarkets, department stores, and warehouse clubs play a significant role in this market. The internet's influence on marketing strategies has led marketers to consider offline channels as alternatives to online media. Offline marketing involves utilizing traditional media channels to create product awareness. As technology adoption continues to rise, user interface, integration, facial recognition, data encryption, motion detection, wide-angle lenses, high-definition video, object detection, activity tracking, app integration, voice control, two-way audio, data security, sales channels, ecosystems, customer service, pet monitors, home automation, live streaming, AI-powered analytics, home security, standards, edge computing, remote monitoring, smart lighting, wireless

The revenue in the smart home market in Australia & Oceania was forecast to continuously increase between 2024 and 2028 by in total *** billion U.S. dollars (***** percent). After the ***** consecutive increasing year, the indicator is estimated to reach **** billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years. The Statista Market Insights cover a broad range of additional markets.

Concerning the six selected segments, the segment Comfort & Lighting has the largest household penetration rate with ***** percent. Contrastingly, Home Entertainment is ranked last, with **** percent. Their difference, compared to Comfort & Lighting, lies at **** percentage points. Find other insights concerning similar markets and segments, such as a ranking by country regarding user penetration in the security segment of the smart home market and a ranking by country regarding revenue in the energy management segment of the smart home market.The Statista Market Insights cover a broad range of additional markets.

Access Asia-Pacific Smart Home Security Camera Industry Overview which includes Asia Pacific country analysis of (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC), market split by Product Type, Application

The smart home services market size is projected to be valued at US$ 7.5 billion in 2023 and is expected to rise to US$ 31.41 billion by 2033. The sales of smart home services are expected to record a significant CAGR of 15.4% during the forecast period.

Attributes	Details
Smart Home Services Market CAGR (2023 to 2033)	15.4%%
Smart Home Services Market Valuation (2023)	US$ 7.5 billion
Smart Home Services Market Valuation (2033)	US$ 31.41 billion

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ billion for Value
Key Countries Covered	United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa
Key Segments Covered	By Services By Solution Region
Key Companies Profiled	Honeywell International Beijer Electronics ABB Siemens AG Johnson Controls Schneider Electric General Electric Legrand Lutron Electronics Co Control4 Corporation
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Concerning the five selected segments, the segment 25-34 years has the largest population by age with ***** percent. Contrastingly, 55-64 years is ranked last, with **** percent. Their difference, compared to 25-34 years, lies at ***** percentage points. Find other insights concerning similar markets and segments, such as a ranking by country regarding average revenue per unit (ARPU) in the smart home market and a ranking of subsegments in Australia regarding user penetration in the segment Smart Home. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

The size of the Australia Home Appliances Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 2.00% during the forecast period. Home appliances are quite the indispensable devices in making daily work easier and comfortable in a residential dwelling. These can include refrigerators and washing machines and even ovens and air conditioners. The market for home appliances in Australia, therefore forms booming industry driven by various drivers such as rising standards of living, technological improvement, growing demand for convenient products and high effectiveness. The use of home appliances within homes has become an indispensable prerogative in Australian households. Refrigerators preserve food, washing machines clean clothes, ovens prepare meals, and air conditioners do their part in maintaining temperature. All these appliances have greatly changed life and helped Australians to save time and refrain from half-broken exhausting labor. Also, the penetration of technology into home appliances has actually led the innovation of new waves of smart appliances: equipped with the possibility of being controlled remotely, energy-saving, and personalizing settings. As consumers in Australia embrace these new technologies, the home appliances market will still be a very central component of the retail sphere of that nation. Recent developments include: In May 2023, POSCO Holdings Inc. and LG Electronics Inc. announced that they will collaborate to upgrade POSCO's smart factory technology. The initiative will involve the integration of robotics, artificial intelligence (AI) and wireless communication technologies., In November 2022, Whirlpool Corp. has announced that it is taking steps toward making smart appliances work more harmoniously in home ecosystems by announcing support for Matter, the gold standard of smart home connectivity.. Key drivers for this market are: Online Retail is Driving the Market, Increasing Disposable Income is Driving the Market. Potential restraints include: Changing Customer Preferences and Lifestyle, Saturation in the Market with the Technology Used in the Appliances. Notable trends are: Increasing Smart Appliances Penetration is Driving the Market.

The revenue in the 'Energy Management' segment of the smart home market in Australia was forecast to continuously increase between 2023 and 2028 by in total **** million U.S. dollars (****** percent). After the ninth consecutive increasing year, the indicator is estimated to reach ****** million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Energy Management' segment of the smart home market was continuously increasing over the past years.Find more information concerning Germany and Poland. The Statista Market Insights cover a broad range of additional markets.