About Home Security Sensors
Home Security Sensor is system designed to detect intrusion which may create treat to life. Intrusion like unauthorized entry into a building or any environmental threat. Home security systems work on basic principle of securing entry points and interior space. They used to detect events which are not part of normal working environment. Increasing concern regarding security of assets and other essentials of home leads to the demand for home security sensors. Geographically, North America is expiated to hold major market share owing to increasing adoptions of home security systems and presence of major market players followed by Europe and Asia Pacific.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.3% |
The market of Home Security Sensors is expected to grow with rising demand. Several companies are operating in the market to provide different positioning sensors with unique features. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. 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), ADT LLC. (United States), Johnson Controls International plc. (United States), Hangzhou Hikvision Digital Technology Co. Ltd. (China), ASSA ABLOY AB (Sweden), Secom Co. Ltd. (Japan), Robert Bosch GmbH (Germany), Godrej & Boyce (United States), Schneider Electric (France), Legrand (France), ABB Ltd (Switzerland) and Vivint, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Abode Systems, Inc. (United States) and Simplisafe, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Home Security Sensors market by Type (Intrusion Sensors {Window Sensors and Door Sensors, Glass Break Sensors, Motion Detectors, Pet Immune Motion Sensors} and Life Safety Sensors {Environmental Detectors, Fire Protection}), Application (Apartments, Townhouse, Condominiums, Single Family Detached House/Independent Home and Others) and Region.
On the basis of geography, the market of Home Security Sensors 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 Installation, the sub-segment i.e. Professionally-Installed will boost the Home Security Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensor Type, the sub-segment i.e. Magnetic Sensors will boost the Home Security Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Wireless Home Security Sensors and Intrusion Sensors is expiated to gain Highest Market Share
Market Growth Drivers:
Growing Preference for Smart Homes with using Smart Technology based Devices, Increasing Adoptions of Sensors for Security and Safety Concern and Rising Demand for Integrated Home Security Systems with Cloud for Remote Monitoring
Challenges:
Maintenance and Installation Expenses and Disruption is Supply Chain owing to Covid 19 Pandemic
Restraints:
High Cost of Sensors May Limits its Demand
Opportunities:
Growing Inclination towards Adopting Risk Free Environment and Safety at Home leads to the Demand for Home Security Sensors and Rising AI and Machine Learning Based Home Security Sensors has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In September 2022, Expereo, a company specializing in SD-WAN (secure network) solutions, acquired Breeze Networks, known for cloud-based security solutions. This move suggests a growing focus on integrating security with broader networking solutions for homes.
In 2022, Ring introduced the Astro robot, a security robot that patrols your home and allows you to remotely
Key Target Audience
Home Security Sensors Manufacturers, Home Security Sensors Suppliers/Distributors, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.