Global Home Security Systems Strategic Business Report 2023: Smart Locks Emerge as the Leading Growth Category in the Access Control Systems Segment


Dublin, March 28, 2023 (GLOBE NEWSWIRE) -- The "Home Security Systems: Global Strategic Business Report" report has been added to's offering.

The global market for Home Security Systems estimated at US$54 Billion in the year 2022, is projected to reach a revised size of US$87.2 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.

Video Surveillance Systems, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$35.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Access Control Systems segment is readjusted to a revised 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $17.6 Billion, While China is Forecast to Grow at 7.9% CAGR

The Home Security Systems market in the U.S. is estimated at US$17.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 217 Featured) -

  • ABB Ltd.
  • ADT LLC dba ADT Security Services
  • Allegion plc
  • Assa Abloy AB
  • Bosch Service Solutions GmbH
  • Frontpoint Security Solutions, LLC
  • Control4 Corporation
  • Teledyne FLIR LLC
  • Godrej & Boyce Mfg.Co. Ltd.
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Honeywell International Inc.
  • Nortek Security & Control LLC
  • Schneider Electric SE
  • Scout Security Inc
  • SimpliSafe Inc.
  • Stanley Convergent Security Solutions, Inc.
  • Visonic

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages663
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$54 Billion
Forecasted Market Value (USD) by 2030$87.2 Billion
Compound Annual Growth Rate6.2%
Regions CoveredGlobal

Key Topics Covered:




  • Home Security Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Rising Security Threats & Safety Concerns at Residential Places Provide the Foundation for the Growth of Home Security Systems
  • Ever-Present Threat of Burglary & Home Break-Ins Drives Demand for Home Security Systems: Number of Burglaries Per 100,000 People by Country for the Year 2021
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • How the Construction Industry, a Key Influencer of Opportunities in the Home Security Systems Market, Was Impacted by the Pandemic & What's the New Normal?
  • Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Home Security Systems: Definition, Importance & Benefits
  • Recent Market Activity
  • Innovations
  • World Brands



  • Smart Locks Emerge as the Leading Growth Category in the Access Control Systems Segment
  • Technology Innovations in the Smart Locks Space: A Review
  • Rise in Home Fires, Awareness Over Fire Safety & Strict Regulations Step Up the Importance of Installing Fire Safety/Protection Systems
  • Percentage Distribution of Causes of Fires at Home: 2020
  • Property Damage (In US$ Billion) in the US Caused by Structure Fires for the Years 2010-2019
  • Strong Demand for Networked Cameras Emerge as a Key Trend in the Home Video Surveillance Space
  • Rise of Smart Homes & Home Automation to Offer Growth Opportunities on a Platter
  • Smart Homes Emerge as a Disruptive Trend Enhancing Lives of Homeowners & Also Creating New Market Opportunities for Smart Security Technologies & Solutions: Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Security and Surveillance in Smart Homes: A Review
  • Home Automation and Security Systems Converge to Promote security Along With Comfort, Energy Efficiency & Convenience
  • Automation & Home Security: A Special Focus
  • Video Doorbells Market: A Promising Market
  • Home Renovations & Need for Better Buildings for Post Pandemic Living to Spur Sales of Home Security Systems
  • Residential Renovations to Regain Lost Momentum Post Pandemic
  • AI to Revolutionize Home Security. Here's How
  • Role of Blockchain in Home Security Systems
  • Continuous Innovation Remains Crucial to Growth
  • Favorable Demographic and Economic Trends Strengthen Market Prospects
  • Aging Population: An Important Growth Driver
  • Aging Homeowners Staying Alone Highlights the Need for Home Security & Emergency Response Systems: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Rapid Urbanization & Rise in Better Provisioned Houses for the Middle Class Drive Demand For Home Security Systems
  • Total Population Worldwide by Urban and Rural Population in Million: 1950-2050
  • Global Middle Class Population (in Million) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Role of IoT in Home Security Systems
  • Growing Popularity Wireless Home Security Systems to Boost Market Prospects




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Global Market for Home Security Systems

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