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Home Security Systems - Global Market Trajectory & Analytics

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    Report

  • 663 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302516

Global Home Security Systems Market to Reach $72.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Home Security Systems estimated at US$50.2 Billion in the year 2020, is projected to reach a revised size of US$72.6 Billion by 2027, growing at a CAGR of 5.4% over the period 2020-2027. Video Surveillance Systems, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$28.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Access Control Systems segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $16.5 Billion, While China is Forecast to Grow at 7.2% CAGR

The Home Security Systems market in the U.S. is estimated at US$16.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8.1 Billion by the year 2027 trailing a CAGR of 7.2% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Entrance Control Systems Segment to Record 4.3% CAGR

In the global Entrance Control Systems segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.6 Billion in the year 2020 will reach a projected size of US$7.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 217 Featured)

  • ABB Ltd.
  • ADT LLC dba ADT Security Services
  • Allegion plc
  • Assa Abloy AB
  • Bosch Service Solutions GmbH
  • Frontpoint Security Solutions, LLC
  • Control4 Corporation
  • Teledyne FLIR LLC
  • Godrej & Boyce Mfg.Co. Ltd.
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Honeywell International Inc.
  • JOHNSON CONTROLS
  • Nortek Security & Control LLC
  • Schneider Electric SE
  • Scout Security Inc
  • SimpliSafe Inc.
  • Stanley Convergent Security Solutions, Inc.
  • Visonic

What's New for 2022?

  • 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 a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Home Security Systems

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

The Global Market for Home Security Systems was estimated to be valued at $50.2 Billion in 2020.

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

The growth rate of the Global Market for Home Security Systems is 5.4%, with an estimated value of $72.6 Billion by 2027.

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

The Global Market for Home Security Systems is estimated to be worth $72.6 Billion by 2027.

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

Key companies in the Global Market for Home Security Systems include ABB Ltd., ADT LLC dba ADT Security Services, Allegion plc, Assa Abloy AB, Bosch Service Solutions GmbH, Frontpoint Security Solutions, LLC, Control4 Corporation, Teledyne FLIR LLC and Hangzhou Hikvision Digital Technology Co., Ltd..

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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 3: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 6: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 9: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 12: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 15: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 18: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 21: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 24: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 27: World 15-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 2012, 2021 & 2027
  • 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 30: World 15-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 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
LATIN AMERICA
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
MIDDLE EAST
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Home Security Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 217

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • ADT LLC dba ADT Security Services
  • Allegion plc
  • Assa Abloy AB
  • Bosch Service Solutions GmbH
  • Frontpoint Security Solutions, LLC
  • Control4 Corporation
  • Teledyne FLIR LLC
  • Godrej & Boyce Mfg.Co. Ltd.
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Honeywell International Inc.
  • JOHNSON CONTROLS
  • Nortek Security & Control LLC
  • Schneider Electric SE
  • Scout Security Inc
  • SimpliSafe Inc.
  • Stanley Convergent Security Solutions, Inc.
  • Visonic