North America Home Security Systems Market 2022-2032 by Component (Hardware, Software, Service), System Type (Professionally Installed, Self-Installed, DIY), Product Offering (Fire Detection, Video Surveillance, Access Control, Alarms), Home Type (Independent, Apartments and Condominiums), Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity

September 2023 | 125 pages | ID: N24635B87254EN
GMD Research

Abstracts

North America home security systems market will reach $42.61 billion by 2032, growing by 7.1% annually over 2022-2032, driven by the steadily rising crime rate, consumer preference for living safety, the increasing popularity of smart homes, and the evolving technologies such as digital network and IoT.

Highlighted with 24 tables and 48 figures, this 125-page report “North America Home Security Systems Market 2022-2032 by Component (Hardware, Software, Service), System Type (Professionally Installed, Self-Installed, DIY), Product Offering (Fire Detection, Video Surveillance, Access Control, Alarms), Home Type (Independent, Apartments and Condominiums), Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America home security systems market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America home security systems market in every aspect of the classification from perspectives of Component, System Type, Product Offering, Home Type, Distribution Channel, and Country.

Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Hardware
• Software
• Service

Based on System Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Professionally Installed & Monitored Systems
• Self-Installed & Professionally Monitored Systems
• Do-It-Yourself (DIY) Systems

By Product Offering, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Fire Detection Systems
• Video Surveillance Systems
• Access Control Systems
• Intruder Alarms
• Other Systems

By Home Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Independent Homes
• Apartments and Condominiums

By Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Offline Sales
• Online Sales

Geographically, the following national/local markets are fully investigated:

• U.S.
• Canada
• Mexico

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by System Type, Product Offering, and Home Type over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

ABB Ltd.

Abode Systems Inc.

Adt, Inc.

Allegion PLC

Arlo Technologies, Inc.

Assa Abloy

Comcast

Control4

Frontpoint Security Solutions LLC

Godrej & Boyce Manufacturing Company Limited

Hangzhou Hikvision Digital Technology

Hive

Honeywell International Inc.

Johnson Controls International PLC

Legrand

Nest Labs (Google LLC)

Nortek Security & Control

Prosegur Compa?нa de Seguridad, S.A

Ring Inc.

Robert Bosch GMBH

Schneider Electric SE

Scout Security Ltd.

Secom

Sector Alarm

Securitas AB (Verisure)

Simplisafe Inc.

Snap One LLC

Stanley Convergent Security Solutions

Swann Communications Pty Ltd.

Tyco International Ltd.

United Technologies Corporation

Vivint, Inc.

Wyze Labs Inc.

Zmodo Technology Corporation Ltd.

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION 7

1.1 Industry Definition and Research Scope 7
  1.1.1 Industry Definition 7
  1.1.2 Research Scope 8
1.2 Research Methodology 11
  1.2.1 Overview of Market Research Methodology 11
  1.2.2 Market Assumption 12
  1.2.3 Secondary Data 12
  1.2.4 Primary Data 12
  1.2.5 Data Filtration and Model Design 13
  1.2.6 Market Size/Share Estimation 14
  1.2.7 Research Limitations 15
1.3 Executive Summary 16

2 MARKET OVERVIEW AND DYNAMICS 19

2.1 Market Size and Forecast 19
  2.1.1 Impact of COVID-19 on World Economy 20
  2.1.2 Impact of COVID-19 on the Market 23
  2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 25
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40

3 SEGMENTATION OF NORTH AMERICA MARKET BY COMPONENT 44

3.1 Market Overview by Component 44
3.2 Hardware 46
  3.2.1 Electronic Locks 48
  3.2.2 Security Cameras 49
  3.2.3 Fire Sprinklers 50
  3.2.4 Window Sensors 51
  3.2.5 Door Sensors 52
  3.2.6 Other Hardware 53
3.3 Software 54
3.4 Service 55

4 SEGMENTATION OF NORTH AMERICA MARKET BY SYSTEM TYPE 56

4.1 Market Overview by System Type 56
4.2 Professionally Installed & Monitored Systems 58
4.3 Self-Installed & Professionally Monitored Systems 59
4.4 Do-It-Yourself (DIY) Systems 60

5 SEGMENTATION OF NORTH AMERICA MARKET BY PRODUCT OFFERING 61

5.1 Market Overview by Product Offering 61
5.2 Fire Detection Systems 63
5.3 Video Surveillance Systems 64
5.4 Access Control Systems 65
5.5 Intruder Alarms 66
5.6 Other Systems 67

6 SEGMENTATION OF NORTH AMERICA MARKET BY HOME TYPE 68

6.1 Market Overview by Home Type 68
6.2 Independent Homes 70
6.3 Apartments and Condominiums 71

7 SEGMENTATION OF NORTH AMERICA MARKET BY DISTRIBUTION CHANNEL 72

7.1 Market Overview by Distribution Channel 72
7.2 Offline Sales 74
7.3 Online Sales 75

8 NORTH AMERICA MARKET 2022-2032 BY COUNTRY 76

8.1 Overview of North America Market 76
8.2 U.S. 79
8.3 Canada 82
8.4 Mexico 84

9 COMPETITIVE LANDSCAPE 86

9.1 Overview of Key Vendors 86
9.2 New Product Launch, Partnership, Investment, and M&A 89
9.3 Company Profiles 90
ABB Ltd. 90
Abode Systems Inc. 92
Adt, Inc. 93
Allegion PLC 94
Arlo Technologies, Inc. 95
Assa Abloy 96
Comcast 97
Control4 98
Frontpoint Security Solutions LLC 99
Godrej & Boyce Manufacturing Company Limited 100
Hangzhou Hikvision Digital Technology 101
Hive 102
Honeywell International Inc. 103
Johnson Controls International PLC 104
Legrand 105
Nest Labs (Google LLC) 106
Nortek Security & Control 107
Prosegur Compa?нa de Seguridad, S.A 108
Ring Inc. 109
Robert Bosch GMBH 110
Schneider Electric SE 111
Scout Security Ltd. 112
Secom 113
Sector Alarm 114
Securitas AB (Verisure) 115
Simplisafe Inc. 116
Snap One LLC 117
Stanley Convergent Security Solutions 118
Swann Communications Pty Ltd. 119
Tyco International Ltd. 120
United Technologies Corporation 121
Vivint, Inc. 122
Wyze Labs Inc. 123
Zmodo Technology Corporation Ltd. 124
RELATED REPORTS 125

List Of Tables

LIST OF TABLES:

Table 1. Snapshot of North America Home Security Systems Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Scenarios for Economic Impact of Ukraine Crisis 26
Table 5. Main Product Trends and Market Opportunities in North America Home Security Systems Market 36
Table 6. North America Home Security Systems Market by Component, 2022-2032, $ mn 44
Table 7. North America Home Security Systems Market: Hardware by Type, 2022-2032, $ mn 47
Table 8. North America Home Security Systems Market by System Type, 2022-2032, $ mn 56
Table 9. North America Home Security Systems Market by Product Offering, 2022-2032, $ mn 61
Table 10. North America Home Security Systems Market by Home Type, 2022-2032, $ mn 68
Table 11. North America Home Security Systems Market by Distribution Channel, 2022-2032, $ mn 72
Table 12. North America Home Security Systems Market by Country, 2022-2032, $ mn 77
Table 13. U.S. Home Security Systems Market by System Type, 2022-2032, $ mn 81
Table 14. U.S. Home Security Systems Market by Product Offering, 2022-2032, $ mn 81
Table 15. U.S. Home Security Systems Market by Home Type, 2022-2032, $ mn 81
Table 16. Canada Home Security Systems Market by System Type, 2022-2032, $ mn 83
Table 17. Canada Home Security Systems Market by Product Offering, 2022-2032, $ mn 83
Table 18. Canada Home Security Systems Market by Home Type, 2022-2032, $ mn 83
Table 19. Mexico Home Security Systems Market by System Type, 2022-2032, $ mn 85
Table 20. Mexico Home Security Systems Market by Product Offering, 2022-2032, $ mn 85
Table 21. Mexico Home Security Systems Market by Home Type, 2022-2032, $ mn 85
Table 22. ABB Ltd.: Company Snapshot 90
Table 23. ABB Ltd.: Business Segmentation 91
Table 24. ABB Ltd.: Product Portfolio 91

List Of Figures

LIST OF FIGURES:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. North America Home Security Systems Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of North America Home Security Systems Market 29
Figure 7. GDP per capita in the World, 1990-2020, $ thousand 32
Figure 8. Forecast of World Middle-class Population by Region, 2015-2030, million 32
Figure 9. Primary Restraints and Impact Factors of North America Home Security Systems Market 33
Figure 10. Investment Opportunity Analysis 37
Figure 11. Porter’s Fiver Forces Analysis of North America Home Security Systems Market 40
Figure 12. Breakdown of North America Home Security Systems Market by Component, 2022-2032, % of Revenue 45
Figure 13. North America Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 45
Figure 14. North America Home Security Systems Market by Component: Hardware, 2022-2032, $ mn 46
Figure 15. North America Home Security Systems Market by Hardware: Electronic Locks, 2022-2032, $ mn 48
Figure 16. North America Home Security Systems Market by Hardware: Security Cameras, 2022-2032, $ mn 49
Figure 17. North America Home Security Systems Market by Hardware: Fire Sprinklers, 2022-2032, $ mn 50
Figure 18. North America Home Security Systems Market by Hardware: Window Sensors, 2022-2032, $ mn 51
Figure 19. North America Home Security Systems Market by Hardware: Door Sensors, 2022-2032, $ mn 52
Figure 20. North America Home Security Systems Market by Hardware: Other Hardware, 2022-2032, $ mn 53
Figure 21. North America Home Security Systems Market by Component: Software, 2022-2032, $ mn 54
Figure 22. North America Home Security Systems Market by Component: Service, 2022-2032, $ mn 55
Figure 23. Breakdown of North America Home Security Systems Market by System Type, 2022-2032, % of Sales Revenue 57
Figure 24. North America Addressable Market Cap in 2023-2032 by System Type, Value ($ mn) and Share (%) 57
Figure 25. North America Home Security Systems Market by System Type: Professionally Installed & Monitored Systems, 2022-2032, $ mn 58
Figure 26. North America Home Security Systems Market by System Type: Self-Installed & Professionally Monitored Systems, 2022-2032, $ mn 59
Figure 27. North America Home Security Systems Market by System Type: Do-It-Yourself (DIY) Systems, 2022-2032, $ mn 60
Figure 28. Breakdown of North America Home Security Systems Market by Product Offering, 2022-2032, % of Sales Revenue 62
Figure 29. North America Addressable Market Cap in 2023-2032 by Product Offering, Value ($ mn) and Share (%) 62
Figure 30. North America Home Security Systems Market by Product Offering: Fire Detection Systems, 2022-2032, $ mn 63
Figure 31. North America Home Security Systems Market by Product Offering: Video Surveillance Systems, 2022-2032, $ mn 64
Figure 32. North America Home Security Systems Market by Product Offering: Access Control Systems, 2022-2032, $ mn 65
Figure 33. North America Home Security Systems Market by Product Offering: Intruder Alarms, 2022-2032, $ mn 66
Figure 34. North America Home Security Systems Market by Product Offering: Other Systems, 2022-2032, $ mn 67
Figure 35. Breakdown of North America Home Security Systems Market by Home Type, 2022-2032, % of Revenue 69
Figure 36. North America Addressable Market Cap in 2023-2032 by Home Type, Value ($ mn) and Share (%) 69
Figure 37. North America Home Security Systems Market by Home Type: Independent Homes, 2022-2032, $ mn 70
Figure 38. North America Home Security Systems Market by Home Type: Apartments and Condominiums, 2022-2032, $ mn 71
Figure 39. Breakdown of North America Home Security Systems Market by Distribution Channel, 2022-2032, % of Revenue 73
Figure 40. North America Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%) 73
Figure 41. North America Home Security Systems Market by Distribution Channel: Offline Sales, 2022-2032, $ mn 74
Figure 42. North America Home Security Systems Market by Distribution Channel: Online Sales, 2022-2032, $ mn 75
Figure 43. Breakdown of North America Home Security Systems Market by Country, 2022 and 2032, % of Revenue 77
Figure 44. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 78
Figure 45. U.S. Home Security Systems Market, 2022-2032, $ mn 80
Figure 46. Canada Home Security Systems Market, 2022-2032, $ mn 82
Figure 47. Home Security Systems Market in Mexico, 2022-2032, $ mn 84
Figure 48. Growth Stage of North America Home Security Systems Industry over the Forecast Period 86