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Home Security Systems - Global Strategic Business Report

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    Report

  • 663 Pages
  • November 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302516

Quick Summary:

In an era defined increasingly by technology and security, the importance of maintaining a safe living environment stands paramount. This holds particularly true in the realm of Home Security Systems, an industry experiencing significant growth worldwide. To navigate this rapidly evolving landscape and stay ahead, insights derived from our in-depth analysis of the global Home Security Systems market could be invaluable.

The market, estimated at US$54 Billion in 2022, is anticipated to reach $87.2 Billion by 2030, with notable growth in segments like Video Surveillance and Access Control Systems. This report offers a comprehensive analysis of key markets such as the United States, China, Japan, Canada, and Germany. Furthermore, it provides a competitive landscape featuring leading players like ABB Ltd., Honeywell International Inc., and more. If you're a business executive looking for a competitive edge in the home security industry, this report offers vital insights into trends, challenges and opportunities that will shape the market in the years to come.

Global Home Security Systems Market to Reach $87.2 Billion by 2030

The global market for Home Security Systems estimated at US$54 Billion in the year 2022, is projected to reach a revised size of US$87.2 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030. Video Surveillance Systems, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$35.5 Billion by the end of the analysis period. Growth in the Access Control Systems segment is estimated at 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $17.6 Billion, While China is Forecast to Grow at 7.9% CAGR

The Home Security Systems market in the U.S. is estimated at US$17.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 217 Featured)

  • ADT Security Services, Inc.
  • ADS Security LP
  • APS FireCo
  • AARtech Canada Inc
  • AnyConnect
  • American Wireless Alarm
  • Alfred Labs
  • Advanced Digital Security Ireland
  • Advance Security Group
  • Advance Alarms, Inc.
  • Alpha Fire Suppression Systems
  • Argas d.o.o.
  • AAC Industrial & Building Technology Systems Industry Tic. Ltd. Sti.
  • Allied Security Alarms
  • Alarm Doctor

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Home Security Systems Market

What is the estimated value of the Home Security Systems Market?

The Home Security Systems Market was estimated to be valued at $54 Billion in 2022.

What is the growth rate of the Home Security Systems Market?

The growth rate of the Home Security Systems Market is 6.2%, with an estimated value of $87.2 Billion by 2030.

What is the forecasted size of the Home Security Systems Market?

The Home Security Systems Market is estimated to be worth $87.2 Billion by 2030.

Who are the key companies in the Home Security Systems Market?

Key companies in the Home Security Systems Market include ADT Security Services, Inc., ADS Security LP, APS FireCo, AARtech Canada Inc, AnyConnect, American Wireless Alarm, Alfred Labs, Advanced Digital Security Ireland, Advance Security Group and Advance Alarms, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Home Security Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Rising Security Threats & Safety Concerns at Residential Places Provide the Foundation for the Growth of Home Security Systems
  • Ever-Present Threat of Burglary & Home Break-Ins Drives Demand for Home Security Systems: Number of Burglaries Per 100,000 People by Country for the Year 2021
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Time is of Essence! What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • How the Construction Industry, a Key Influencer of Opportunities in the Home Security Systems Market, Was Impacted by the Pandemic & What’s the New Normal?
  • Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Home Security Systems: Definition, Importance & Benefits
  • Recent Market Activity
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Smart Locks Emerge as the Leading Growth Category in the Access Control Systems Segment
  • Technology Innovations in the Smart Locks Space: A Review
  • Rise in Home Fires, Awareness Over Fire Safety & Strict Regulations Step Up the Importance of Installing Fire Safety/Protection Systems
  • Percentage Distribution of Causes of Fires at Home: 2020
  • Property Damage (In US$ Billion) in the US Caused by Structure Fires for the Years 2010-2019
  • Strong Demand for Networked Cameras Emerge as a Key Trend in the Home Video Surveillance Space
  • Rise of Smart Homes & Home Automation to Offer Growth Opportunities on a Platter
  • Smart Homes Emerge as a Disruptive Trend Enhancing Lives of Homeowners & Also Creating New Market Opportunities for Smart Security Technologies & Solutions: Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Security and Surveillance in Smart Homes: A Review
  • Home Automation and Security Systems Converge to Promote security Along With Comfort, Energy Efficiency & Convenience
  • Automation & Home Security: A Special Focus
  • Video Doorbells Market: A Promising Market
  • Home Renovations & Need for Better Buildings for Post Pandemic Living to Spur Sales of Home Security Systems
  • Residential Renovations to Regain Lost Momentum Post Pandemic
  • AI to Revolutionize Home Security. Here’s How
  • Role of Blockchain in Home Security Systems
  • Continuous Innovation Remains Crucial to Growth
  • Favorable Demographic and Economic Trends Strengthen Market Prospects
  • Aging Population: An Important Growth Driver
  • Aging Homeowners Staying Alone Highlights the Need for Home Security & Emergency Response Systems: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Rapid Urbanization & Rise in Better Provisioned Houses for the Middle Class Drive Demand For Home Security Systems
  • Total Population Worldwide by Urban and Rural Population in Million: 1950-2050
  • Global Middle Class Population (in Million) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Role of IoT in Home Security Systems
  • Growing Popularity Wireless Home Security Systems to Boost Market Prospects
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Home Security Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Home Security Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Home Security Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Video Surveillance Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Video Surveillance Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Video Surveillance Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Access Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Access Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Access Control Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Entrance Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Entrance Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Entrance Control Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Fire Protection Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Fire Protection Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Fire Protection Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Intruder Alarm Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Intruder Alarm Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Intruder Alarm Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Professionally-Installed & Monitored by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Professionally-Installed & Monitored by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Professionally-Installed & Monitored by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Self-Installed & Professionally Monitored by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Self-Installed & Professionally Monitored by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for Self-Installed & Professionally Monitored by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Do-It-Yourself (DIY) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Do-It-Yourself (DIY) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 30: World 16-Year Perspective for Do-It-Yourself (DIY) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 31: World Home Security Systems Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • LATIN AMERICA
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • MIDDLE EAST
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ADT Security Services, Inc.
  • ADS Security LP
  • APS FireCo
  • AARtech Canada Inc
  • AnyConnect
  • American Wireless Alarm
  • Alfred Labs
  • Advanced Digital Security Ireland
  • Advance Security Group
  • Advance Alarms, Inc.
  • Alpha Fire Suppression Systems
  • Argas d.o.o.
  • AAC Industrial & Building Technology Systems Industry Tic. Ltd. Sti.
  • Allied Security Alarms
  • Alarm Doctor