North America Home Security System Market by 2023 Growth Analysis of all Top Key Players Like ADT Inc., Monotronics, Vivint Inc., and Comcast

The North America home security system market is currently witnessing positive growth. This can be accredited to factors such as the emergence of advanced technology equipment, rising property-related crimes and increasing affordability of security systems.

The latest report by IMARC Group, titled “North America Home Security System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the North America home security system market reached a value of US$ 3.9 Billion in 2017. Home security systems refer to a combination of integrated software and hardware devices designed for detecting unauthorized entry or potential intruders in a secured zone. At present, North America is one of the leading markets for home security systems across the globe owing to the availability of advanced devices that have helped in broadening the applications of modern home security systems. Some of these devices include wireless alarms, motion or body heat detectors, remote systems, and customizable and smart alarm systems.

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Market Trends:

Home security system manufacturers in North America are introducing easier to use and more effective systems. Some of these systems allow the users to remotely monitor their homes, whereas, others offer fire and carbon monoxide emission detectors that can help the users in case of such emergencies. Apart from this, a significant rise in the number of property-related crimes, such as burglary, larceny-theft, motor vehicle theft, arson and vandalism, has given a push to the demand for home security systems in the region. On account of these factors, the North America home security system market is expected to reach US$ 12.11 Billion by 2023, registering a CAGR of 20.1% during 2018-2023.

Browse full report with complete TOC: https://www.imarcgroup.com/north-america-home-security-system-market

North America Home Security System Market Segmentation:

Market Breakup by Integration:

1. Self-Contained Systems

2. Integrated System

The market has been segmented on the basis of integration which includes integrated systems and self-contained systems. At present, integrated systems represent the largest segment.

Market Breakup by Type of Installation:

1. DIY Type

2. Professional Installed

Based on installation, the market has been segregated into professionally installed and DIY-type systems. Currently, professionally installed home security systems are gaining popularity across North America.

Market Breakup by Panel Type:

1. Hard Wired Panels

2. Wireless Panels

3. Hybrid Panels

4. Alarm Panels

On the basis of panel types, wireless panels account for the largest share. They are followed by hybrid panels, hard wired panels and alarm panels.

Market Breakup by Sensor Type:

1. Wireless Sensors

2. Wired Sensors

The home security system market has been categorized on the basis of sensor types which include wired sensors and wireless sensors. Wireless sensors are currently the most popular segment.

Market Breakup by Communication Module:

1. Professional Monitored

2. Self-Monitored

Based on communication modules, the market has been divided into professional monitored and self-monitored. Presently, professional monitored communication modules hold the largest share.

Market Break up by Equipment Type:

1. Video Surveillance

2. Intruder Alarms

3. Electronic Locks

4. Fire Sprinklers and Extinguishers

5. Others

The report has analyzed the market according to different equipment which mainly include video surveillance, intruder alarms, electronic locks, fire sprinklers and extinguishers, and others. Amongst these, video surveillance is the most commonly used equipment in the region.

Market Break up by Residence Type:

1. Independent Homes

2. Condominiums

3. Apartments

The market has been classified on the basis of residential type into independent homes, condominiums and apartments. Amongst these, independent homes represented the largest segment.

Market Breakup by Region:

1. United States of America

2. Canada

3. Mexico

4. Others

On a geographical front, the United States is the leading market for home security systems, followed by Canada, Mexico and others.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being ADT Inc., Monotronics, Vivint Inc., and Comcast.

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