Home Security & Safety

Home Security & Safety Market by Product (Access Control Systems, Entrance Control Systems, Fire Protection Systems), Component (Hardware, Services, Software), End-Use, Deployment Type - Global Forecast 2024-2030

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[197 Pages Report] The Home Security & Safety Market size was estimated at USD 90.19 billion in 2023 and expected to reach USD 97.27 billion in 2024, at a CAGR 8.58% to reach USD 160.56 billion by 2030.

Home Security & Safety Market
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Home security & safety encompasses various products, services, and technologies designed to protect residential properties, occupants, and belongings from potential threats such as theft, vandalism, fire accidents, and natural disasters. Growing urbanization has led to an increased demand for residential security solutions. Higher disposable incomes and heightened crime rate awareness encourage homeowners to seek security measures. However, high initial installation costs and potential privacy concerns may adversely impact their adoption by the end-use sectors. Furthermore, advancements in wireless communication sensor technology along with the Internet of Things (IoT) are expected to create more accessible and affordable smart home security & safety solutions, thereby increasing their deployment across the end-use sectors worldwide.

Home Security & Safety Market - Global Forecast 2024-2030
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Product: Penetration of video surveillance systems to enhance home security

Access control systems are essential for homeowners wanting to restrict unauthorized entry into their premises. These systems use identification mechanisms such as keycards, biometrics, or passcodes to grant access only to authorized individuals. Entrance control systems help secure entry points such as doors and gates by allowing permissible passage while preventing unauthorized entries. Fire protection systems ensure homeowners' safety by detecting fire hazards early enough to prevent loss or damage of the residences and alert occupants in case of an emergency evacuation necessity. Intruder alarm systems detect unauthorized intrusion attempts, allowing homeowners to take appropriate action to prevent possible deterioration or loss of residential property. Video surveillance systems assist in visually monitoring properties by capturing images and videos of indoor and outdoor activities.

End-Use: Proliferation of home security & safety in apartments

In apartment complexes, tenants often prioritize compact and portable security systems that can be easily installed and removed as they relocate. Condominium owners typically seek more comprehensive security solutions than apartment renters due to their long-term investment in the property. Condo owners may opt for fire and carbon monoxide alarms, water leak sensors, or even surveillance cameras for common areas such as lobbies or parking lots, in addition to intrusion detection systems such as door or window sensors and motion detectors. Independent homeowners often need robust and customizable security solutions, considering property size, location, and individual security concerns. Apartment dwellers prioritize portability and ease of installation; condominium owners seek comprehensive coverage emphasizing professional monitoring, while independent homeowners value customization and advanced features, including perimeter protection.

Regional Insights

The home security & safety market is evolving in the Americas owing to the increasing crime rates and rising technological advancements in home security solutions. The rise in smart home integration and the increase in implementation of the Internet of Things (IoT) in various devices further fuel the adoption of home security & safety solutions in the Americas. EU countries are prioritizing cybersecurity measures for home security infrastructure and implementing strict regulations to ensure protection and privacy. By focusing on cybersecurity, EU countries are taking proactive steps to enhance the safety and privacy of their citizens. European governments have invested heavily in R&D to develop advanced security systems that comply with EU regulations while providing effective home security solutions. The home security & safety market is developing in the Middle East and Africa owing to rising urbanization, growing awareness about safety measures among consumers, and increasing smart city projects to enhance public safety. Increasing disposable income, growing urbanization, and surging need for advanced security solutions result in accelerated home security & safety systems deployment in the APAC region. In addition, technological advancements in home security & safety solutions are anticipated to boost the deployment of home security & safety solutions in the residential sector worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Home Security & Safety Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Home Security & Safety Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • ADT and Google announce availability of first integrated smart home security system for DIY customers

    ADT Inc. and Google LLC have partnered to create the first integrated smart home security system, providing users with a holistic solution for their safety and security. With the integration of Google's voice-activated assistant, ADT Command and Control, users are equipped with an automated system that allows them to monitor their homes, control access, and more. This comprehensive approach to home security helps keep homes safe and give owners peace of mind. [Published On: 2023-04-04]

  • ARLO LAUNCHES AWARD-WINNING HOME SECURITY SYSTEM FOR WHOLE-HOME PROTECTION AND PEACE OF MIND

    Arlo Technologies, Inc. has launched its new award-winning home security system to keep your home secure and provide peace of mind. The system is powered by AI technology and features an extensive library of sensors, cameras, lighting, and audio detection capabilities, including automated alerts, intelligent siren systems, and advanced geofencing capabilities. With these tools in place, users can rest assured that their homes are safeguarded from any potential security threats. [Published On: 2022-11-01]

  • Honeywell New Fire Detection And Alarm Systems Enhances Occupant Safety

    Honeywell International Inc. launched Morley MAx fire detection and alarm system designed to enhance occupant safety worldwide. Featuring both wired and wireless fire alarm solutions, these systems utilize advanced algorithms and proprietary sensing technology to detect a fire in its earliest stage accurately. Additionally, users can monitor the system remotely using their smartphones or other mobile devices. [Published On: 2022-08-29]

Key Company Profiles

The report delves into recent significant developments in the Home Security & Safety Market, highlighting leading vendors and their innovative profiles. These include abode systems, inc., ADT Inc., AlarmClub Inc., Alula, Amazon.com, Inc., Ansul Inc., Arlo Technologies, Inc., Brinks Home by Monitronics International, Inc., Canary Connect, Inc., Comcast Corporation, Control4 by Snap One, LLC, Cove Smart, LLC, Frontpoint Security Solutions, LLC, Google LLC by Alphabet Inc., Guardian Protection Services, Inc., Haier Group Corporation, Honeywell International Inc., Johnson Controls International PLC, Monitronics International, Inc., Nice North America LLC, Qolsys Inc., Resideo Technologies, Inc., Ring LLC, Scout Security, Inc., SimpliSafe, Inc., SuretyCAM, LLC, Vivint Smart Home, Inc., Wyze Labs, Inc., and Zener Fire & Security LLC.

Market Segmentation & Coverage

This research report categorizes the Home Security & Safety Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Access Control Systems
    • Entrance Control Systems
    • Fire Protection Systems
    • Intruder Alarm Systems
    • Video Surveillance Systems
  • Component
    • Hardware
      • Alarms
        • Panic Buttons
        • Smoke Detector
      • Biometrics
        • Electronic Locks
        • RFID
        • Smart Cards
      • Cameras
      • Door & Window Protection
        • Door Wedges
        • Ring Doorbell Covers
        • Sliding Door Bars
        • Spare Key Hiders
        • Window Poles/Bars
      • Fire Sprinklers & Extinguishers
      • Sensors
        • Glass-Break Sensors
        • Infrared (IR) Security Sensors
        • Microwave Sensors
        • Motion Sensors
        • Photoelectric Sensors
    • Services
    • Software
  • End-Use
    • Apartments
    • Condominiums
    • Independent Homes
  • Deployment Type
    • Do-It-Yourself
    • Professionally-Installed & Monitored

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Home Security & Safety Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Home Security & Safety Market?
  3. What are the technology trends and regulatory frameworks in the Home Security & Safety Market?
  4. What is the market share of the leading vendors in the Home Security & Safety Market?
  5. Which modes and strategic moves are suitable for entering the Home Security & Safety Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Home Security & Safety Market, by Product
  7. Home Security & Safety Market, by Component
  8. Home Security & Safety Market, by End-Use
  9. Home Security & Safety Market, by Deployment Type
  10. Americas Home Security & Safety Market
  11. Asia-Pacific Home Security & Safety Market
  12. Europe, Middle East & Africa Home Security & Safety Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 840]
  17. List of Companies Mentioned [Total: 29]
Frequently Asked Questions
  1. How big is the Home Security & Safety Market?
    Ans. The Global Home Security & Safety Market size was estimated at USD 90.19 billion in 2023 and expected to reach USD 97.27 billion in 2024.
  2. What is the Home Security & Safety Market growth?
    Ans. The Global Home Security & Safety Market to grow USD 160.56 billion by 2030, at a CAGR of 8.58%
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