Press release
North America Home Security System Market To Be Driven By The Evolution Of New And Improved System Technologies In The Forecast Period Of 2021-2026
North America Home Security System Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): USD 5.2 billion
Forecast CAGR (2021-2026): 20%
Forecast Market Size (2026): USD 15.5 billion
The market for North America home security system has seen substantial growth due to factors such as evolution of new and improved system technologies. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the North America home security system market.
Growing research and development within the industry has provided a space for the internet of things, remote control, and home automation, which has further strengthened the industry. In addition, the revival of construction activities, especially in the residential sector, is a major factor driving up demand for home security systems. Improving network infrastructure, as well as broadband and internet penetration, has acted as a catalyst for business expansion.
Industry Definition and Major Segments
A home security system is a collection of software and hardware equipment designed to detect unauthorised entry or possible intruders in a protected area.
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Based on the integration, the industry is divided into:
Self-Contained Systems
Integrated Systems
Based on the type of installation, the industry is divided into:
DIY Type
Professional Installed
Based on the panel type, the industry is divided into:
Hard Wired Panels
Wireless Panels
Hybrid Panels
Alarm Panels
Based on the sensor type, the industry is divided into:
Wireless Sensors
Wired Sensors
Based on the communication module, the industry is divided into:
Professional Monitored
Self-Monitored
Based on the equipment type, the industry is divided into:
Video Surveillance
Intruder Alarms
Electronic Locks
Fire Sprinklers and Extinguishers
Based on the residence type, the industry is divided into:
Independent Homes
Condominiums
Apartments
Based on the country, the industry is divided into:
United States
Canada
Market Trends
Because of the rise in property-related crimes, the home security system industry in North America is the leading market for home security systems worldwide. The industry's development is aided by the availability of innovative devices for expanding the applications of modern home protection systems.
Wireless alarms, remote systems, motion or body heat detectors, and customisable and smart alarm systems are among the home security systems available. Within the area, the United States is the most important market, accounting for the majority of market share.
Key Market Players
The major players in the market are ADT Inc. (NYSE: ADT), Vivint Smart Home Inc., Frontpoint Security Solutions, LLC., Bosch Security Systems, LLC, Protect America, Inc, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Email: sales@expertmarketresearch.com
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Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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