Quick Summary:
In the quest for safety and peace of mind, there has never been a higher demand for comprehensive and reliable data on the global Home Security Products and Solutions market. As a savvy business executive, understanding the landscape of this fast-paced industry is no longer optional but a necessity. Driven by insights, not instincts, our report offers a deep dive into market patterns, competitor strategies, geographical analysis, and emerging market trends.
Projected to surge past a stunning US$159.9 billion by 2030, the Home Security Products and Solutions market is witnessing a remarkable growth trajectory. This detailed report offers a complete analysis of this burgeoning market, dissecting it by segments and exploring the competitiveness of industry giants. With extended coverage of markets including the U.S. and China, and a key focus on companies shaping the industry, this report is your strategic partner for informed business decisions. Gain the advantage of a forward-looking perspective and make decisions based on cutting-edge market research.
Global Home Security Products and Solutions Market to Reach $159.9 Billion by 2030
The global market for Home Security Products and Solutions estimated at US$79.6 Billion in the year 2022, is projected to reach a revised size of US$159.9 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 8.9% CAGR and reach US$89.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Products segment is readjusted to a revised 9.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $24.2 Billion, While China is Forecast to Grow at 8.5% CAGR
The Home Security Products and Solutions market in the U.S. is estimated at US$24.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$27.2 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.Select Competitors (Total 63 Featured) -
- ADT LLC
- Allegion PLC
- Assa Abloy AB
- Godrej & Boyce Manufacturing Co., Ld.
- Hikvision Digital Technolog Co., Ltd
- Honeywell International, Inc.
- Robert Bosch GmbH
- SECOM Co., Ltd.
- United Technologies Corporation (UTC)
- Verisure Holding AB
- Zhejiang Dahua Technology Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Home Security Products and Solutions?
What is the growth rate of the Global Market for Home Security Products and Solutions?
What is the forecasted size of the Global Market for Home Security Products and Solutions?
Who are the key companies in the Global Market for Home Security Products and Solutions?
| Report Attribute | Details |
|---|---|
| No. of Pages | 203 |
| Published | October 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 79.6 Billion |
| Forecasted Market Value ( USD | $ 159.9 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ADT LLC
- Allegion PLC
- Assa Abloy AB
- Godrej & Boyce Manufacturing Co., Ld.
- Hikvision Digital Technolog Co., Ltd
- Honeywell International, Inc.
- Robert Bosch GmbH
- SECOM Co., Ltd.
- United Technologies Corporation (UTC)
- Verisure Holding AB
- Zhejiang Dahua Technology Co., Ltd.
