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The North America home security system market reached a value of US$ 7.23 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 16.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Home security system is a network of integrated electronic equipment that are designed for detecting as well as defending against burglar activities or any other intrusion. The hardware of home security system includes doors, alarm systems, motion detectors, security cameras, lighting, locks, etc. A home security system helps to secure all the entry points by deploying sensors that are linked with the control panel. Further, every activity is captured by the security cameras and can be monitored over the control panel. Over the years, the rise in crime rates, house intrusion and burglaries in North America has influenced the demand for home security systems in the region.
One of the primary factors catalysing the growth of the North America home security system market is the evolution of new and improved system technologies. Increasing research and development has paved way for internet of things, remote monitoring as well as home automation. Moreover, the revival of constructional activities, particularly in the residential sector, acts as another factor facilitating the demand for home security systems. Improving network infrastructure coupled with broadband and internet penetration has further been proactive in maintaining the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America home security system market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on integration, installation type, panel type, sensor type, communication module, equipment type and residence type.
Breakup by Integration:
Based on integration, the market has been segmented as self-contained systems and non-integrated systems. Currently, integrated systems dominate the market, holding the largest share.
Breakup by Installation Type:
On the basis of installation type, professionally installed security systems represent the leading segment, followed by the DIY security systems.
Breakup by Panel Type:
On the basis of panel type, wireless panels are the most popular product type in the home security systems market, followed by hybrid panels, hardwired panels and alarm panels.
Breakup by Sensor Type:
Based on the sensor type, the market is segmented into wired sensors and wireless sensors. Amongst these, wireless sensors dominate the home security systems market in the region.
Breakup by Communication Module:
The market is further bifurcated on the basis of communication modules wherein professional monitored security systems account for the largest share, followed by self-monitored security systems.
Breakup by Equipment Type:
On the basis of equipment type, video surveillance represents the leading segment, followed by intruder alarms, electronic locks, fire sprinklers and extinguishers, and others.
Breakup by Residence Type:
Based on residence type, the market is classified into independent homes, condominiums and apartments. Presently, independent homes represent the largest segment.
Breakup by Region:
Region-wise, the market has been segmented into the United States, Canada, Mexico and others. Amongst these, the United States represents the leading market, accounting for the majority of the market share.
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
This report provides a deep insight into the North America 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 North America home security systems market in any manner.
|Base Year of the Analysis||2020|
|Units||US$ Billion, Million Units|
|Segment Coverage||Integration, Type of Installation, Panel Type, Sensor Type, Communication Module, Equipment Type, Residence Type, Country|
|Countries Covered||United States, Canada, Mexico|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 2499
Five User License $ 2999
Corporate License $ 3499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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