Expert Market Research’s new report titled ‘North America Home Security Systems Market Report and Forecast 2021-2026’, gives an in-depth analysis of the North America Home Security Systems market, assessing the market based on its segments such as integration, type of installation, type of panel, type of sensor, communication module, type of equipment, type of residence and country. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 5.2 billion USD
- Forecast CAGR (2021-2026): 20%
- Forecasted market size (2026): 15.5 billion USD
The North America home security system market has witnessed substantial growth due to factors such as the evolution of new and improved system technologies. Additionally, increased knowledge across different industries provides huge market opportunity for key players in the North America Home Security System market. Growing research and development within the industry has provided space for the Internet of Things, remote control and home automation, which has further strengthened the industry. In addition, the revival of construction activities, particularly in the residential sector, is an important factor in increasing the demand for home security systems. Improved network infrastructure, along with broadband and internet penetration, acted as a catalyst for business expansion.
Industry definition and major segments
A home security system is a set of software and hardware equipment designed to detect unauthorized entry or possible intruders into a protected area.
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On the basis of integration, the industry is divided into:
- Autonomous systems
- Integrated systems
According to the type of installation, the industry is divided into:
- Kind of DIY
- Professional installed
According to the type of panel, the industry is divided into:
- Wired panels
- Wireless panels
- Hybrid panels
- Alarm panels
Based on sensor type, the industry is divided into:
- Wireless sensors
- Wired sensors
Based on the communication module, the industry is divided into:
- Supervised professional
According to the type of equipment, the industry is divided into:
- Video surveillance
- Intruder alarms
- Electronic locks
- Sprinklers and fire extinguishers
According to the type of residence, the industry is divided into:
- Independent Houses
Based on country, the industry is divided into:
Due to the increase in property crimes, the home security system industry in North America is the world’s largest market for home security systems. The development of the industry is facilitated by the availability of innovative devices to expand the applications of modern home protection systems. Wireless alarms, remote systems, motion or body heat sensors, and customizable, smart alarm systems are some of the home security systems available. In the zone, the United States is the largest market, accounting for the majority of market share.
Main market players
Major market players include ADT Inc. (NYSE:ADT), Vivint Smart Home Inc., Frontpoint Security Solutions, LLC., Bosch Security Systems, LLC, Protect America, Inc, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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