Home Security Solutions Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Product, Solutions and Home Type
Home security solutions are electronics security systems that are designed and used to monitor homes, personal property, residential setups, living premises and residents to protect them from crimes such as robberies, homicides, home intrusions, property crimes, etc. Home security solutions are considered as influential tools to investigate and prevent crimes by installing them in homes, backyards and parking lots. The consumers are more concerned these days about the security and safety of their properties and families due to increase in home intrusions and property related crimes across the globe, which is creating a demand for home security solutions.
The rising need for home security solutions has led to entrance of home security service providers globally, positively contributing to the market growth. Due to the increase in instances of safety concerns the need for security measures by residential homes the market for home security solutions is expanding. Integrated home security systems that enables monitoring of residences by connecting them to smart phones is an outcome of emergence of smart homes and innovation in technology.
There is a wide variety of devices such as electronic and smart locks, night vision cameras, internet connectivity, motion sensitivity and wireless devices which are easily available. Design of wireless, sophisticated, effective and user friendly security systems are the key drivers that are expected to enhance the market growth. The accessibility of remote monitoring with the help of mobile devices and advantageous insurance policies also led to growth of the global market for home security solutions. The opportunity for key players lies in successful customer retention and acquisition during the forecast period. Lack of awareness, low adoption rate, cost of maintenance and huge initial investment are the key challenges faced by the market players and manufactures. Software glitches, connectivity issues, radio or electrical interference, non-compatibility issues and more are few restraints to be faced by the global home security solutions market. To overcome these issues, initiatives are taken by the key players in the industry to provide effective security solutions to the customers.
The global home security market is bifurcated on the basis of product into cameras, electronic locks, sensors, alarms, and fire sprinklers & extinguishers. The market is also segmented on the basis of solution into intrusion detection, integrated security solutions, video surveillance solutions, access control, and others. The market is further segmented on the basis of home type includes condominiums, apartments, and independent homes. Also, on the basis of region the global home security solutions market is bisected into North America, Europe, Asia Pacific, South America and Middle East & Africa.
North America dominates the global market for home security solutions and is expected to continue dominating in the coming years due to major concern of people towards security. APAC is an emerging market for the global home security solution and is considered to be a promising market in the near future. The reason is increasing crime rates and growing infrastructure development.
Some of the chief players in the global home security market are Robert Bosch GmbH, Assa Abloy, Honeywell International Inc., Allegion PLC, Control4 Corporation, Ingersoll Rand Solutions, Godrej & Boyce Manufacturing Company Limited, United Technologies Corporation, Nortek Security & Control LLC., Alarm.com, Tyco International Ltd., Frontpoint Security Solutions, Protect America, Inc., Axis Communications AB, SimpliSafe, Inc., ADT Corporation, UTC Fire & Security, and Vivint Inc. among others.
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Home Security Systems Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Home Security Systems Market - By Product
3.2.2 Home Security Systems Market - By Solution
3.2.3 Home Security Systems Market - By Home Type
3.2.4 Market - By Region
3.2.4.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Home Security Systems Market - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends
5 Home Security Systems Market Analysis- Global
5.1 Global Home Security Systems Market Overview
5.2 Global Home Security Systems market forecast and analysis
6 Home Security Systems Market Revenue and Forecasts to 2027 -Product
6.1 Overview
6.2 Product market forecast and analysis
6.3 Cameras Market
6.3.1 Overview
6.3.2 Cameras market forecast and analysis
6.4 Electronic Locks Market
6.4.1 Overview
6.4.2 Electronic locks market forecast and analysis
6.5 Sensors Market
6.5.1 Overview
6.5.2 Sensors market forecast and analysis
6.6 Alarms Market
6.6.1 Overview
6.6.2 Alarms market forecast and analysis
6.7 Fire Sprinklers & Extinguishers Market
6.7.1 Overview
6.7.2 Fire sprinklers & extinguishers market forecast and analysis
7 Home Security Systems Market Revenue and Forecasts to 2027 - Solution
7.1 Overview
7.2 Solution market forecast and analysis
7.3 Intrusion Detection Market
7.3.1 Overview
7.3.2 Intrusion detection market forecast and analysis
7.4 Integrated Security Solutions Market
7.4.1 Overview
7.4.2 Integrated security solutions market forecast and analysis
7.5 Video Surveillance Solutions Market
7.5.1 Overview
7.5.2 Video surveillance solutions market forecast and analysis
7.6 Access Control Market
7.6.1 Overview
7.6.2 Access control market forecast and analysis
7.7 Others Market
7.7.1 Overview
7.7.2 Others market forecast and analysis
8 Home Security Systems Market Revenue and Forecasts to 2027 - Home Type
8.1 Overview
8.2 Home Type market forecast and analysis
8.3 Condominiums Market
8.3.1 Overview
8.3.2 Condominiums market forecast and analysis
8.4 Apartments Market
8.4.1 Overview
8.4.2 Apartments market forecast and analysis
8.5 Independent Homes Market
8.5.1 Overview
8.5.2 Independent homes market forecast and analysis
9 Home Security Systems Market Revenue and Forecasts to 2027 - Geographical Analysis
9.1 North America
9.1.1 North America Home Security Systems market overview
9.1.2 North America Home Security Systems market forecast and analysis
9.1.2.1 North America market forecast and analysis - By Countries
9.1.2.1.1 US market
9.1.2.1.2 Canada market
9.1.2.1.3 Mexico market
9.1.2.2 North America market forecast and analysis - By Product
9.1.2.3 North America market forecast and analysis - By Solution
9.1.2.4 North America market forecast and analysis - By Home Type
9.2 Europe
9.2.1 Europe Home Security Systems market overview
9.2.2 Europe Home Security Systems market forecast and analysis
9.2.2.1 Europe market forecast and analysis - By Countries
9.2.2.1.1 France market
9.2.2.1.2 Germany market
9.2.2.1.3 Italy market
9.2.2.1.4 Spain market
9.2.2.1.5 UK market
9.2.2.2 Europe market forecast and analysis - By Product
9.2.2.3 Europe market forecast and analysis - By Solution
9.2.2.4 Europe market forecast and analysis - By Home Type
9.3 Asia Pacific (APAC)
9.3.1 Asia Pacific Home Security Systems market overview
9.3.2 Asia Pacific Home Security Systems market forecast and analysis
9.3.2.1 Asia Pacific market forecast and analysis - By Countries
9.3.2.1.1 Australia market
9.3.2.1.2 China market
9.3.2.1.3 India market
9.3.2.1.4 Japan market
9.3.2.2 Asia Pacific market forecast and analysis - By Product
9.3.2.3 Asia Pacific market forecast and analysis - By Solution
9.3.2.4 Asia Pacific market forecast and analysis - By Application
9.3.3 Middle East and Africa Home Security Systems market overview
9.3.4 Middle East and Africa Home Security Systems market forecast and analysis
9.3.4.1 Middle East and Africa market forecast and analysis - By Countries
9.3.4.1.1 South Africa market
9.3.4.1.2 Saudi Arabia market
9.3.4.1.3 UAE market
9.3.4.2 Middle East and Africa market forecast and analysis - By Product
9.3.4.3 Middle East and Africa market forecast and analysis - By Solution
9.3.4.4 Middle East and Africa market forecast and analysis - By Home Type
9.4 South America (SAM)
9.4.1 South America Home Security Systems market overview
9.4.2 South America Home Security Systems market forecast and analysis
9.4.2.1 South America market forecast and analysis - By Countries
9.4.2.1.1 Brazil market
9.4.2.2 South America market forecast and analysis - By Product
9.4.2.3 South America market forecast and analysis - By Solution
9.4.2.4 South America market forecast and analysis - By Home Type
10 Industry Landscape
10.1 Mergers & acquisitions
10.2 Market Initiatives
10.3 New developments
10.4 Investment scenarios
11 Competitive Landscape
11.1 Competitive Product mapping
11.2 Market positioning
12Home Security Systems Market, Key Company Profiles
12.1 Honeywell International Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Godrej & Boyce Manufacturing Co. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Assa Abloy AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Robert Bosch GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Ingersoll Rand
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vivint Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Link Interactive
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Protect America
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ADT Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zicom
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Research Methodology
- Robert Bosch GmbH
- Assa Abloy
- Honeywell International Inc.
- Allegion PLC
- Control4 Corporation
- Ingersoll Rand Solutions
- Godrej & Boyce Manufacturing Company Limited
- United Technologies Corporation
- Nortek Security & Control LLC.
- Alarm.com
- Tyco International Ltd.
- Frontpoint Security Solutions
- Protect America, Inc.
- Axis Communications AB
- SimpliSafe, Inc.
- ADT Corporation
- UTC Fire & Security
- Vivint Inc.