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Home Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Home security system consists of a combination of software and hardware devices which are designed to detect intrusion or unauthorised entry when a secured zone is breached. It can be operated even during power outages and also warns about environmental dangers, such as release of carbon monoxide, fire, flood, etc. Nowadays, the home security systems are microprocessor based, which perform a multitude of functions and provide an easy to use interface for the user. According to the latest report by IMARC Group, titled “Home Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global home security system market reached a value of US$ 25 Billion in 2018.

The increasing incidents of security threats and breaches have led to a high demand for enhanced safety and security systems including CCTV cameras, electronic alarm sensors, etc. This is anticipated to bolster the global home security system market worldwide. Additionally, rapid urbanization and advancements in technology have led to the need for better security systems that can be monitored through smartphones. This has further contributed in the emergence of new concepts such as, home automation, service bundling, intelligent building and integration of security, thereby supporting the market for home security systems. Moreover, as a result of improvement in broadband, network infrastructure and internet penetration, consumers are opting for wireless and technologically advanced products to ensure more security for their families. Looking forward, the market value is projected to reach a value of US$ 38 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024.

Market Summary:

  • On the basis of type, the market has been segmented into security cameras, electronic and smart locks, sensors and detectors, alarms, security solutions and DIY home security. Amongst these, security cameras are the most popular product type.
  • Based on residence type, the market is segregated into the independent homes, condominiums and apartments. Amongst these, independent homes account for the largest market share.
  • Region-wise, the report covers North America, Asia-Pacific, Europe, Middle East and Africa, and Latin America. Currently, North America represents the largest region, holding the majority of the global share.
  • The competitive landscape of the market has also been examined with some of the key players being Bosch Security Systems, Inc., Honeywell Security Group, Johnson Controls, Inc., Assa Abloy, and UTC Climate Controls & Security.


This report provides a deep insight into the global home security system market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the home security system market in any manner.

Key Questions Answered in This Report:

  • How has the global home security system market performed so far and how will it perform in the coming years?
  • What are the key regions in the global home security system market?
  • Which are the popular product types in the global home security system market?
  • What are the key application segments in the global home security system market?
  • What are the various stages in the value chain of the global home security system market?
  • What are the key driving factors and challenges in the global home security system market?
  • What is the structure of the global home security system market and who are the key players?
  • What is the degree of competition in the global home security system market?
  • How is home security system manufactured?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Home Security System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product
    5.4    Market Breakup by Residence Type
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturing
        5.8.5    Marketing
        5.8.6    Distribution
        5.8.7    End-Use
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
6   Market Breakup by Product
    6.1    Security Cameras
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Electronic and Smart locks
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Sensors and Detectors
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Alarms
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Security Solutions
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    DIY Home Security
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Residence Type
    7.1    Independent Homes
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Condominiums
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Apartments
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Europe
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Middle East and Africa
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Latin America
        8.5.1 Market Trends
        8.5.2 Market Forecast
9  Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Key Players
        9.3.1    Bosch Security Systems, Inc.
            9.3.1.1    Company Overview
            9.3.1.2    Description
            9.3.1.3    Product Portfolio
        9.3.2    Honeywell Security Group
            9.3.2.1    Company Overview
            9.3.2.2    Description
            9.3.2.3    Product Portfolio
        9.3.3    Johnson Controls, Inc.
            9.3.3.1    Company Overview
            9.3.3.2    Description
            9.3.3.3    Product Portfolio
        9.3.4    Assa Abloy
            9.3.4.1    Company Overview
            9.3.4.2    Description
            9.3.4.3    Product Portfolio
            9.3.4.4    Financials
            9.3.4.5    SWOT Analysis
        9.3.5    UTC Climate, Controls & Security
            9.3.5.1    Company Overview
            9.3.5.2    Description
            9.3.5.3    Product Portfolio


List of Figures

Figure 1: Global: Home Security System Market: Major Drivers and Challenges
Figure 2: Global: Home Security System Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Home Security System Market: Breakup by Product (in %), 2018
Figure 4: Global: Home Security System Market: Breakup by Residence Type (in %), 2018
Figure 5: Global: Home Security System Market: Breakup by Region (in %), 2018
Figure 6: Global: Home Security System Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Home Security System Industry: SWOT Analysis
Figure 8: Global: Home Security System Industry: Value Chain Analysis
Figure 9: Global: Home Security System Industry: Porter’s Five Forces Analysis
Figure 10: Global: Home Security System (Security Cameras) Market: Sales Value (in Million US$), 2011 & 2018
Figure 11: Global: Home Security System (Security Cameras) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Home Security System (Electronic and Smart locks) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Home Security System (Electronic and Smart locks) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Home Security System (Sensors and Detectors) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Home Security System (Sensors and Detectors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Home Security System (Alarms) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Home Security System (Alarms) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Home Security System (Security Solutions) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Home Security System (Security Solutions) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Home Security System (DIY Home Security) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Home Security System (DIY Home Security) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Home Security System (Independent Homes) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Home Security System (Independent Homes) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Home Security System (Condominiums) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Home Security System (Condominiums) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Home Security System (Apartments) Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Home Security System (Apartments) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: North America: Home Security System Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: North America: Home Security System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Asia Pacific: Home Security System Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Asia Pacific: Home Security System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Europe: Home Security System Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Europe: Home Security System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Middle East and Africa: Home Security System Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Middle East and Africa: Home Security System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Latin America: Home Security System Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Latin America: Home Security System Market Forecast: Sales Value (in Million US$), 2019-2024



List of Tables

Table 1: Global: Home Security System Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Home Security System Market Forecast: Breakup by Product (in Million US$), 2019-2024
Table 3: Global: Home Security System Market Forecast: Breakup by Residence Type (in Million US$), 2019-2024
Table 4: Global: Home Security System Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Global: Home Security System Market: Competitive Structure
Table 6: Global: Home Security System Market: Key Players

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