About Home Alarm System
A home alarm system is used in independent homes, apartments, among others. It is used in various applications such as personal, door, window, smoke, fire, UPS, Others. A rise in housing demand contributes to the continual growth of the home alarm system market. For instance, according to Cushman & Wakefield plc, The total demand for urban housing is projected at more than 4.2 million units during the period 2016-2020 across the top eight cities. Hence, the rising demand for housing projects is expected to see lucrative growth in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global home alarm system market is highly fragmented with the presence of local players and regional players operating in the market. Some of the major players operating in the market are Honeywell International, Inc. (United States), Bosch Security Systems (United States), Alarm.com (United States), ADT Inc. (United States), among others. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Alarm System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International, Inc. (United States), Bosch Security Systems (United States), Alarm.com (United States), ADT Inc. (United States), Nortek Security & Control (United States), Johnson Controls (United States), Hangzhou Hikvision Digital Technology (China), ASSA ABLOY (Sweden), SECOM (Japan) and Godrej & Boyce (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Allegion (Ireland), Control4 (United States), Schneider Electric (France), Legrand (France), ABB (Switzerland), Comcast (United States) and Stanley Convergent Security Solutions (United States).
Segmentation Overview
AMA Research has segmented the market of Global Home Alarm System market by Type (Detection Systems, Alarm Panels and Communication Devices) and Region.
On the basis of geography, the market of Home Alarm System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Home Alarm System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Signal Transmission, the sub-segment i.e. Wired will boost the Home Alarm System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Home Alarm System
Market Growth Drivers:
Increasing Customer Awareness regarding Home Alarm System and The Emergence of IoT as well as Wireless Technologies
Challenges:
Problem related to Growing System Complexity and Maintaining Secrecy of Highly Confidential Information
Restraints:
Issue related to High Installation, Operational, as well as Maintenance Costs
Opportunities:
Integration of AI as well as Deep Learning in Home Security Systems and Growing Demand from Emerging Market such as China and India
Market Leaders and their expansionary development strategies
In July 2023, Wayne Alarm Systems, Inc., a family-owned and run life safety and security provider with UL/FM central station monitoring, has acquired Sentry Protective Systems of Billerica, Mass.
In April 2024, ADT’s laucnhed new Smart Home Security System, a DIY security system born of a collaboration between Google and ADT. This could be a better home security option for those of us who loved and lost the excellent but expensive Google Nest Secure system, which Google is sunsetting for good on
Key Target Audience
Manufacturers of Home Alarm System, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.