The global home security system market reached a value of US$ 44.29 Billion in 2021. The home security system comprises various software and hardware devices to protect residential spaces against intrusion and unauthorized access. It can work during power outages and warn about several environmental dangers, such as floods and fire breakouts. Nowadays, manufacturers offer microprocessor-based home security systems that support wireless technology, provide a user-friendly interface, and perform numerous functions.
As per the analysis by IMARC Group, the top manufacturers in the home security system industry are heavily investing in research and development (R&D) activities to develop advanced, easy-to-install, and cost-efficient security appliances. Apart from this, they are introducing wireless security systems, such as high-definition (HD) and night vision cameras, infrared sound and motion sensors, and alarms. Furthermore, several key players are integrating innovative technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), with video doorbells, smart locks, and CCTV cameras. These technologies enable automatic activation, video notification alert, and video storage/download capabilities. Moreover, recent advancements in millimeter-wave imaging technology and the launch of innovative products with enhanced connectivity, performance, battery life, and compatible design are also propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 72.48 Billion by 2027.
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Best Home Security System Companies, Manufacturers and Brands:
Bosch Security Systems, Inc.
Headquarters: Grasbrunn, Germany
Bosch Security Systems Inc., designs, manufactures, and markets control, electronic detection, and communication equipment. Its extensive product portfolio comprises intrusion detection, video surveillance, fire detection, voice evacuation, and management systems. It offers the Internet of Things- (IoT) and sensor-driven technologies to improve flexibility and convenience. Bosch also provides a safe and functional place for individuals to work and live. Under their sustainable policy, the company aims to use and manage spaces more efficiently to lower the carbon footprint of buildings while extending their shelf life.
Honeywell Security Group
Headquarters: North Carolina, United States
Honeywell Security Group is a leading global provider of electronic security, access control intruder detection, hybrid control panels, internet alarm communications, sensor-based glass break detectors, video surveillance, and integrated security solutions for residential and commercial spaces. The company primarily operates through four business segments, namely aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS). Besides this, Honeywell manufactures sensing components utilized in military vehicles and launchers to control weapon systems. Some of its products, such as the Vindicator V5 security system, are extensively used by Homeland Security. These products are duly certified under the federal Support Anti-Terrorism by Fostering Effective Technology Act (the SAFETY Act 2002). In 2020, Honeywell acquired two artificial intelligence (AI)-enabled software-as-a-service (SaaS) companies to enhance life sciences and become a premium software-industrial organization.
Johnson Controls, Inc.
Headquarters: Cork, Ireland
Johnson Controls, Inc., now known as Johnson Controls International (JCI) after the merger with Tyco International in 2016, produces electronics and heating, ventilating, and air conditioning (HVAC) equipment. It operates under automotive systems and building management and control systems business groups. Under these, JCI provides fire detection, batteries, utility vehicles, instrument panels, and condensing units. The company is focusing on controlling and enhancing building automation through a sustainable approach. It is adopting a complete range of smart systems and digital solutions to cut production costs and lower the environmental footprint of its operations and supply chain.
Headquarters: Stockholm, Sweden
Assa Abloy (AB) is a global leader in high-performance entrance door systems that designs, develops, manufactures, and markets a complete range of door opening solutions, including security doors, automated entrances, mechanical and digital locks, cylinders, keys, and tags. Currently, it has operations across 70 countries and over 200 acquisitions, including Yale lock, Medeco, Chubb locks, Mul-T-Lock, Latour, and Fichet-Bauche. The company has been at the forefront of driving significant innovations within the hospitality sector by providing contactless room access through keys, tags, and biometric verification systems. This has enhanced the company's overall market value, especially amid the coronavirus disease (COVID-19) outbreak.
UTC Climate, Controls & Security (Carrier Global Corporation)
Headquarters: Palm Beach Gardens, Florida, United States
UTC Climate, Controls & Security was a wholly-owned subsidiary of United Technologies Corporation that was spun off into the independent Carrier Global Corporation in 2020. Carrier Global Corporation is a leading provider of safe and sustainable building and cold chain solutions worldwide. The company operates through HVAC, refrigeration, and fire and security business segments. Under the fire and security business unit, Carrier offers a range of residential, commercial, and industrial systems. Its diversified product portfolio includes fire and carbon monoxide detection, alarm signaling, access control, and event monitoring, electronic locks, mobile apps and credentialing, remote access management, video management, and video analytics. Some of its prominent security brands are Onity, Supra, Aritech, and LenelS2.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the home security system market and regional GCC, North America, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
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