Australia's smart home market to top $11 billion in 2026

Telsyte forecasts Australia's smart home market will exceed $11 billion in 2026 after more than doubling to $7.7 billion in 2025, driven by government battery incentives. Smart battery revenue jumped 396% year-on-year and accounted for two-thirds of market revenue, while 86% of households now own at least one smart home product.

• Smart battery revenue rose 396% and made up two-thirds of 2025 market revenue
• 86% of households own a smart home device, up 10 points since 2024
• Average smart home budget grew by over $1,300 to more than $3,500
• 67% struggle with device interoperability; only one in seven knows Matter