Dublin, March 28, 2023 (GLOBE NEWSWIRE) -- The "Home Security Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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 a 7.1% CAGR and reach US$35.5 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 5.9% 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) -
- 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 2023?
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 663 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $54 Billion |
| Forecasted Market Value (USD) by 2030 | $87.2 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. 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
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2yojvg
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
