North America Home Security System Market Impelled by Rising Property-Related Crimes

The latest report by IMARC Group, titled “North America Home Security System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the North America home security system market reached a value of US$ 8.7 Billion in 2021. 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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$ 22.4 Billion by 2027, exhibiting a CAGR of 16.8% during 2022-2027.

Market Summary:

• 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.
• Based on installation type, the market has been segregated into professional installed and DIY-type systems. Currently, professional installed home security systems are gaining popularity across North America.
• On the basis of panel type, wireless panels account for the largest share.
• 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.
• Based on communication modules, the market has been divided into professional monitored and self-monitored. Presently, professional monitored communication modules hold the largest share.
• The report has analyzed the market according to different equipment type 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.
• 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.
• On a geographical front, the United States is the leading market for home security systems.
• The report has also analysed the competitive landscape of the market along with the profiles of the key players.

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