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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Home Security System Market Size
The North America home security system market recorded a market size of USD 8.99 billion in 2023. The home security system industry in North America is further expected to grow at a CAGR of 20% between 2024 and 2032 to reach a value of almost USD 46.28 billion by 2032.
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The home security system industry in North America is the leading market for home security system across the globe, driven by the rising property-related crimes. The availability of advanced devices for the extension of applications of modern home security systems is enhancing the industry growth. The home security systems include wireless alarms, remote systems, motion or body heat detectors, and customisable and smart alarm systems. The United States represents the leading market within the region, accounting for the majority of the market share.
Properties and Applications
Home security system is a combination of integrated software and hardware devices devised for detecting unauthorised access or potential intruders in a secured zone.
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On the basis of integration, the industry has been segmented as:
- Self-Contained Systems
- Integrated Systems
Presently, integrated systems represent the leading segment due to their large market share in the industry.
On the basis of installation type, the industry is bifurcated into:
- DIY Type
- Professional Installed
The professional installed security system represents the leading segment, followed by the DIY security systems.
On the basis of panel type, the industry is categorised into:
- Hard Wired Panels
- Wireless Panels
- Hybrid Panels
- Alarm Panels
The wireless panels are the most popular panel type in the industry.
On the basis of sensor type, the industry is bifurcated into:
- Wireless Sensors
- Wired Sensors
The wireless sensors are the leading product types in the home security system industry in the region.
On the basis of communication modules, the industry is divided into:
- Professional Monitored
- Self-Monitored
The professional monitored security systems account for the largest market share.
On the basis of equipment type, the industry is categorised into:
- Video Surveillance
- Intruder Alarms
- Electronic Locks
- Fire Sprinklers and Extinguishers
- Others
The video surveillance represents the leading segment. This is then followed by intruder alarms, electronic locks, and fire sprinklers and extinguishers, among others.
On the basis of residence type, the industry is classified into:
- Independent Homes
- Condominiums
- Apartments
Currently, independent homes represent the largest market segment.
The report also covers the regional markets of data centre server like the United States and Canada.
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North America Home Security System Market Analysis
The North America home security system market is driven by the evolution of new and improved system technologies. The industry is further enhanced by the growing research and development within this industry, which has created a space for the internet of things, remote monitoring, as well as home automation. Further on, the resurgence of constructional activities, especially in the residential sector, acts as a significant factor enhancing the demand for home security systems. Improving network infrastructure, along with broadband and internet penetration, has further been proactive in invigorating the market growth.
Competitive Landscape of North America Home Security System Industry
The report gives a detailed analysis of the following key players in the home security system market in North America, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ADT Inc. (NYSE: ADT)
- Vivint Smart Home Inc. (NYSE: VVNT)
- Frontpoint Security Solutions, LLC.
- Bosch Security Systems, LLC
- Protect America, Inc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Integration |
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| Breakup by Type of Installation |
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| Breakup by Panel Type |
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| Breakup by Sensor Type |
|
| Breakup by Communication Module |
|
| Breakup by Equipment Type |
|
| Breakup by Residence Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the North America home security system market reached a value of USD 8.99 billion.
In the forecast period of 2024-2032, the market in North America is projected to grow at a CAGR of 20%.
By 2032, the market is estimated to reach a value of almost USD 46.28 billion by 2032.
The market is being driven by the growing incidences of property-related crimes, the availability of advanced devices for extended applications of home security systems, and increasing residential construction activities.
The key trends guiding the market include the development of advanced home security systems, technological advancements and innovations, and improving network infrastructure.
The major countries of home security system in North America include the United States and Canada.
Self-contained systems and integrated systems are the various integration systems considered in the market report.
The significant types of installation of home security system are DIY type and professional installed.
The several panel types considered in the market report include hard wired panels, wireless panels, hybrid panels, and alarm panels.
The major sensor types in the market are wireless sensor and wired sensor.
The different communication modules of home security system considered in the market report are professional monitored and self-monitored.
The various equipment types in the market include video surveillance, intruder alarms, electronic locks, and fire sprinklers and extinguishers, among others.
The significant resident types considered in the market report include independent homes, condominiums, and apartments, among others.
The major players in the market are ADT Inc., Vivint Smart Home Inc., Frontpoint Security Solutions, LLC, Bosch Security Systems, LLC, and Protect America, Inc, among others.
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