Smart Home - Austria

Austria

The Smart Home market in Austria is projected to witness a significant increase in revenue, with an estimated value of US$894.5m in 2024.
Furthermore, this market segment is expected to display a steady growth rate of 9.67% annually between 2024 and 2028, resulting in a projected market volume of US$1,294.0m by 2028.
In terms of household participation, the number of active households engaged in the Smart Home market is projected to reach [users_currentlayer_yearend] by 2028.
This indicates a notable increase in household penetration, rising from 35.1% in 2024 to an estimated 61.4% by 2028.
Currently, the average revenue per installed Smart Home market in Austria is expected to be US$613.90.
This figure represents the amount of revenue generated per individual Smart Home market installation.
When compared globally, it is evident that United States leads in revenue generation within the Smart Home market, with an estimated revenue of US$38,800.0m in 2024.
This highlights the dominant position of the United States in terms of market share and revenue generation.
Austria is experiencing a surge in the adoption of smart home technology, with homeowners increasingly investing in smart devices to enhance their comfort and convenience.

Key regions: United States, United Kingdom, Germany, Europe, Norway

Market

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.