Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Home Security Sensors Market size was over USD 19.79 billion in 2024 and is anticipated to cross USD 56.47 billion by 2037, growing at more than 8.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of home security sensors is assessed at USD 21.2 billion.
The reason behind the growth is due to the rapidly growing population across the globe, resulting in the emergence of new residential buildings. For instance, between 2020 and 2100, there will be around 3 billion more people on the planet. Particularly, by 2030, over 35% of the global population, is expected to require access to decent housing, leading to a daily need for more than 95,000 new, accessible, and affordable housing units.
The growing advancements in sensor technology are believed to fuel the home security sensors market growth. Multimodal and multispectral sensors that can record various data kinds at once have been developed which are tiny devices that integrate multiple sensing functions to facilitate extensive data collecting and analysis and enable detailed analysis in applications including remote sensing, agriculture, and environmental monitoring.
Home Security Sensors Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Danger of Security Threats and Crimes - More and more, new types of data theft are being accessed through homes, they can pose a significant security risk to homes which necessitates the use of security cameras that can alert individuals about suspicious movement around their home or business, even when they are away from the property.
- Growing Adoption of Advanced Technologies such as the Internet of Things (IoT) - By merging AI with IoT, smart home security is made possible that improves the functionality of doorbells, smart lights, CCTV cameras, and fire sensors which helps in detecting environmental changes and notify consumers, and keep an eye on the house. In addition to increasing home security, the Internet of Things (IoT) network, which is made up of embedded electronics, sensors, and software, also allows homeowners to have more access to their properties. It is projected that by 2030, there will be more than 28 billion Internet of Things (IoT) devices globally, nearly doubling from around 15 billion in 2020.
- Presence of Insurance Policies- Many insurance providers provide their consumers discounts when they buy home alarm systems since these companies understand that security solutions work well to discourage illegal activity.
- Increasing Demand for Smartphones- Homeowners desire to use smartphone applications to monitor and control their properties as it allows them to keep an eye on the house from anywhere at any time, and also aids in recording audio and video clips that are automatically saved to the cloud for convenient access whenever needed. For instance, in 2022, more than 38% of people globally owned a smartphone.
Challenges
- High Overall Expenditure - Installing a home alarm system can significantly improve a home's overall security, especially in light of theft and break-ins however these systems are increasingly complex systems, which often require professional installation, and also include the cost of the alarm control panel, cameras, and any additional devices, as well as sensors. Moreover, software updates, repairs, and sporadic battery replacements are typically included in maintenance fees, the cost of which may go up with additional capabilities like video surveillance, home automation, and remote access.
- Need for interoperability among various smart home devices
- Privacy Issues associated with home security sensors and potential vulnerabilities to cyber threats may limit the adoption
Home Security Sensors Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.4% |
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Base Year Market Size (2024) |
USD 19.79 billion |
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Forecast Year Market Size (2037) |
USD 56.47 billion |
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Regional Scope |
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Home Security Sensors Segmentation
Component (Software, Services)
The software segment in the home security sensors market is estimated to gain a robust revenue share of 55% in the coming years. A significant amount of the technology used in contemporary security systems is comprised of several cameras or sensors connected to a central hub for home security and is used to protect against burglary and uninvited intruders. The combination of cloud computing and IoT facilitates remote access to systems and makes software easier to use for residential consumers by reducing its complexity.
Moreover, complex sensors, computer devices, sprinklers, and alarms are often combined to form fire alarm systems which are integrated with specialized software, that assists emergency responders in finding the incident fast.
Application (Video Surveillance, Alarm System, Fire Protection System)
The video surveillance segment in the home security sensors market is set to garner a notable share shortly. The use of security cameras to keep an eye on and document activity in a particular area for security, safety, or monitoring is known as video surveillance, which is often used to monitor daily operations and safeguard valuables. Closed Circuit TV (CCTV) is another name for video surveillance security systems, which are used to monitor and secure certain parts to deter improper behavior in the home.
Typically, home security systems are very popular as they are inexpensive which makes them accessible to the typical household for home surveillance which entails placing security cameras inside or outside the house to monitor property. It's stated that home video surveillance systems are secure and can successfully meet residents' expectations for security.
In addition, a fire safety system is a need for modern homes and is frequently found in apartments and flats since it is unquestionably, one of the most effective tools for preserving priceless lives and property, which is why many home security firms offer smoke and fire protection that is intended to identify and notify residents and emergency personnel of the presence of fire or smoke.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Application |
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End-User |
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Customize this ReportHome Security Sensors Industry - Regional Synopsis
North American Market Forecast
North America industry is estimated to hold largest revenue share of 43% by 2037, impelled by the growing rate of urbanization driven by advances in digital technology. For instance, the percentage of Americans who live in cities is predicted to be around 82%, and this figure is expected to rise by over 87% by 2050. To accommodate the expanding population, additional structures and infrastructure are needed, leading to an increase in the quantity of new residential, commercial, and industrial structures. Particularly, in 2022, there were more than USD 880 billion worth of new residential development projects in the US. This has led to an increase in the need for home security cameras in the region as it is estimated that a minimum of one home security equipment is owned by over 70% of American homes.
APAC Market Statistics
The Asia Pacific home security sensors market is estimated to be the second largest, during the forecast timeframe led by the growing construction activities. Within the following two to three years, India's construction business is expected to rise to the third rank, and is anticipated to reach around USD 1 trillion by 2025, with a focus on urbanization trends and programs including "Housing for All." Moreover, India's construction industry is expected to continue expanding in the next years as a result of rising investments in the field, ongoing relaxation of restrictions, and the rise in road and highway development activity that will also promote new public-private partnerships to construct large-scale projects.
Companies Dominating the Home Security Sensors Landscape
- Rockwell Automation, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Honeywell International Inc.
- LiveWatch Security, LLC
- Frontpoint Security Solutions, LLC.
- Vivint, Inc.
- Bosch Service Solutions GmbH
- ASSA ABLOY
- ADT
- Hytronik Industrial Limited
In the News
- ASSA ABLOY announced the acquisition of MR Group in Portugal. The hardware division of MR Group will be acquired by the company to expand its regional footprint.
- Rockwell Automation, Inc. along with Dragos and Dragos, Inc. and a new Cybersecurity Operations Center planned to increase its cybersecurity offering for operational technology (OT) and information technology (IT) by emphasizing threat intelligence and incident response services, which will further accelerate customers' ability to identify and address cybersecurity threats.
Author Credits: Abhishek Verma
- Report ID: 3531
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
