Global Home Security Sales Market Report 2023

Home security system is a set of integrated systems connects to your home Wi-Fi network so you can monitor and control your security devices using your smartphone and an app. Entry-level systems typically include a couple of door and window sensors, a motion detector, and a hub that communicates with these devices using one or more wireless protocols such as Wi-Fi, Z-Wave, ZigBee, or a proprietary mesh network. You can add extra door, motion, and window sensors to provide coverage for your entire house and build a comprehensive system that includes door locks, garage door openers, indoor and outdoor surveillance cameras, lights, sirens, smoke/CO detectors, water sensors, and more. The key part of connected home security system is smart Hub or smart control panel. The hub connects to your router via a wired ethernet connection and infiltrates your airwaves with a signal that the smart home devices respond to.

Market Analysis and Insights: Global Home Security Market

Due to the COVID-19 pandemic, the global Home Security market size is estimated to be worth US$ 2164 million in 2022 and is forecast to a readjusted size of US$ 38560 million by 2029 with a CAGR of 50.3% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Monitor System accounting for % of the Home Security global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Villa segment is altered to an % CAGR throughout this forecast period.

Global Home Security key players include Honeywell, ADT, Panasonic, Samsung, Vivint, etc. Global top five manufacturers hold a share over 65%.

North America is the largest market, with a share over 45%, followed by Europe and Asia-Pacific, both have a share over 50%.

In terms of product, Alarm System is the largest segment, with a share over 65%. And in terms of application, the largest application is Villa, followed by Apartment, etc.

Global Home Security Scope and Market Size

The global Home Security market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Home Security market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Monitor System

Alarm System


Segment by Application


Villa

Apartment

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Honeywell

ADT

Securitas

Panasonic

Samsung

Vivint

LifeShield

Scout Alarm

Elk Products

AT&T

Comcast

Securitas

Secom

Frontpoint