Global Residential Security Market by Product (Security cameras, Smart locks, sensors, security alarms, Fire sprinklers and Extinguishers), by Solution (Audio-Visual Surveillance, Control & Management, Home Integrated Security, Alert System, Intercom System, Fire Protection) by Home Type (Independent and Apartments) Size and Forecast to 2018-2024

Global Residential Security Market by Product (Security cameras, Smart locks, sensors, security alarms, Fire sprinklers and Extinguishers), by Solution (Audio-Visual Surveillance, Control & Management, Home Integrated Security, Alert System, Intercom System, Fire Protection) by Home Type (Independent and Apartments) Size and Forecast to 2014-2024

Published: 27/07/2018

Report Code: BWC1810

Available Format: PDF PDF Icon

Pages: 203

Global Residential Security Market: Overview

The future of global Residential security market is predicted to be attractive with increasing number of threats in the residential sector across the globe. As per the study, the market is estimated to reach above USD 67,000 million by 2024. On the account of substantial development in technologies, such as Internet of Things (IoT), adoption of cloud based security technologies and rapid increase in demand for advanced security solutions, like alert systems and wireless locks, this market is gaining more traction.

Lucrative opportunities which firms a positive future of the global Residential security market includes the introduction of predictive intelligence in Residential security solutions, and growth in the do it yourself (DIY) security solutions. Emerging trends which promises a continuous growth of the global Residential security market comprises of rapid emergence of the wireless residential security which act as a status trend in many developing regions.

Global Residential Security Market: Key Stakeholders

  • Security Equipment Providers
  • Industrial & Home Security Providers
  • Software & Hardware Providers
  • Electrical & Electronic Device Suppliers
  • Telecommunication Providers
  • Cloud Service Providers
  • Professional & Managed Service Providers
  • Real Estate Builders
  • Safety Standard Providers
  • Investors

Global Residential Security Market: Research Summary

According to BlueWeave Consulting, the key findings of the report “Global Residential Security Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

  • As per the research, sale of security cameras was highest amongst other residential security products. Further, security camera segment is expected to continue with its highest revenue contribution during the forecast period. Security cameras are one of the fundamental devices for Residential security, which are purchased by every Residential owner who wants to immune their property against unexpected intrusions.
  • Among various solutions, demand for audio visual surveillance segment witnessed the highest growth during 2014-2017. However, Residential integrated security segment is anticipated to lead the market with highest growth rate, during the forecast period. Among smart locks, electronic door locks contributed highest revenue to the global market, however, the sales of next generation wireless locks is expected to grow fastest in the coming years
  • North America has been the largest market for Residential security due to mass adoption of Residential security solutions by the citizens, and an updated mindset for securing their Residential with security solutions
  • Asia-Pacific is likely to grow fastest among all regions, during the forecast period. The anticipated growth of Asia-Pacific market is due to digitalization, advancement in new technologies, growth in security equipment industry, and increasing adoption of connected technologies such as Internet of Things (IoT) by Residential security providers in countries like India, China, and Singapore
  • Several government initiatives like smart city projects, Asia-Pacific Residential security market has high propensity to witness a rapid growth in near future

Global Residential Security Market, Revenue Forecast, USD (Million), 2018-2024

Residential Security Market Graph

Global Residential Security Market: Research Methodology

Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global residential security market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Global Residential Security Market: Competitive Dynamics

The research states that the global Residential security market is highly competitive, with players developing new Residential security applications and smart security solutions. Some of the key players in the global Residential security ecosystem are Bosch Security Systems Inc, Honeywell Security Group, Alarm.Com, Allegion PLC, Ingersoll Rand, Nortek Security & Control LLC, United Technologies Corporation, Control4 Corporation, and Godrej & Boyce Mfg. Co. Ltd.

1              Research Objective

                1.1          Objective of the Study

                1.2          Market Definition

                1.3          Market Scope

                                1.3.1      Market Segmentation by Product

                                1.3.2      Market Segmentation by Solution

                                1.3.4      Market Segmentation by Home Type

                                1.3.4      Market segmentation by Region

                1.4          Analysis Period of the Study

                1.5          Data Reporting Unit

                1.6          Key Stakeholders

2              Research Methodology

                2.1          Research Methodology

                2.2          Regional Split of Primary and Secondary Research

                2.3          Secondary Research

                2.4          Primary Research

                                2.2.1      Breakdown of Primary Research Respondents

                                                2.2.1.1   By Region

                                                2.2.1.2.                  By Industry Participants

                2.5          Market Size Estimation

                2.6          Assumptions for the Study

                2.7          Market Breakdown and Data Triangulation

3              Executive Summary

4              Market Introduction

                4.1.         Introduction

                                4.1.1      Overview by Product

                                4.1.2      Overview by Solution

                                4.1.3      Overview by Residential Type

                4.2.         Value Chain analysis

                4.3.         Market Dynamics

                                4.3.1      Trends

                                4.3.2      Drivers

                                                4.3.2.1   Impact analysis of Drivers

                                4.3.3      Restraints

                                                4.3.3.1   Impact Analysis of Restraints

                4.4          Porter’s Five Forces Analysis

                                4.4.1      Bargaining Power of Supplier

                                4.4.2      Bargaining Power of Buyers

                                4.4.3      Threat of New Entrants

                                4.4.4      .Threat of Substitute

                                4.5.5      Intensity of Rivalry

5              Market Size and Forecast by Product

6              Market Size and Forecast by Solution

7              Market Size and Forecast by Home Type

8              Market Size and Forecast by Geography

                8.1          North America

                8.2          Europe               

                8.3          . Asia-Pacific      

                8.4          Middle-East & Africa     

                8.5          Latin America   

9              Market Competitiveness

                9.1          Recent Activities of Major Players           

                9.2          Mergers & Acquisitions

10           Company Profiles

                10.1        Bosch Security Systems

                10.2        Honeywell International Inc.

                10.3        ALARM.COM HOLDINGS INC.

                10.4        NORTEK SECURITY & CONTROL, LLC

                10.5        ALLEGION PLC

                10.6        United Technologies Corporation

                10.7        INGERSOLL-RAND PLC

                10.8        CONTROL4 CORPORATION

                10.9        GODREJ & BOYCE MFG. CO. LTD.

                10.10     THE ADT CORPORATION

11           Strategic Recommendation

                11.1        Strategic Growth Plans

List of Figure

Figure:1  Global Residential security market, BY product, $M (2014 – 2024)
Figure:2  Global Home security cameras market, BY region, $M (2014 – 2024)
Figure:3  Global Home smart locks market, BY region, $M (2014 – 2024)
Figure:4  Global Home sensors market, BY region, $M (2014 – 2024)
Figure:5  Global Home security alarms market, BY region, $M (2014 – 2024)
Figure:6  Global Home Fire Sprinklers & Extinguishers market, BY region, $M (2014 – 2024)
Figure:7  Global Home Smart Locks market, BY Type, $M (2014 – 2024)
Figure:8  Global Home security market, BY Solution, $M (2014 – 2024)
Figure:9  Global home Audio-Visual Surveillance market, BY region, $M (2014 – 2024)
Figure:10  Global Home Access Control & Management market, BY region, $M (2014 – 2024)
Figure:11  Global Home Integrated Security market, BY region, $M (2014 – 2024)
Figure:12  Global Home Alert System market, BY region, $M (2014 – 2024)
Figure:13  Global Home Intercom System market, BY region, $M (2014 – 2024)
Figure:14  Global Home Fire Protection market, BY region, $M (2014 – 2024)
Figure:15  Global Home security market, BY Home Type, $M (2014 – 2024)
Figure:16  Global Home Security Market for Independent  Home Type, BY region, $M (2014 – 2024)
Figure:17  Global Home Security Market for Apartment Home Type, BY region, $M (2014 – 2024)
Figure:18  North America Home Security market, BY Product, $M (2014 – 2024)
Figure:19  North America Home smart locks market, BY type, $M (2014 – 2024)
Figure:20  North America Home Security market, BY solution, $M (2014 – 2024)
Figure:21  North America Home Security market, BY Home Type, $M (2014 – 2024)
Figure:22  North America Home Security market, BY country, $M (2014 – 2024)
Figure:23  Europe Home Security market, BY Product, $M (2014 – 2024)
Figure:24  Europe Home smart locks market, BY type, $M (2014 – 2024)
Figure:25  Europe Home Security market, BY solution, $M (2014 – 2024)
Figure:26  Europe Home Security market, BY Home Type, $M (2014 – 2024)
Figure:27  Europe Home Security market, BY country, $M (2014 – 2024)
Figure:28  Asia-Pacific Home Security market, BY Product, $M (2014 – 2024)
Figure:29  Asia-pacific Home smart locks market, BY type, $M (2014 – 2024)
Figure:30  Asia Pacific Home Security market, BY solution, $M (2014 – 2024)
Figure:31  Asia-pacific Home Security market, BY Home Type, $M (2014 – 2024)
Figure:32  Asia pacific Home Security market, BY country, $M (2014 – 2024)
Figure:33  MEA Home Security market, BY Product, $M (2014 – 2024)
Figure:34  MEA  Home smart locks market, BY type, $M (2014 – 2024)
Figure:35  MEA Home Security market, BY solution, $M (2014 – 2024)
Figure:36  MEA Home Security market, BY Home Type, $M (2014 – 2024)
Figure:37  MEA Home Security market, BY country, $M (2014 – 2024)
Figure:38  Latin America Home Security market, BY Product, $M (2014 – 2024)
Figure:39  Latin America Home smart locks market, BY type, $M (2014 – 2024)
Figure:40  Latin America Home Security market, BY solution, $M (2014 – 2024)
Figure:41  Latin America Home Security market, BY Home Type, $M (2014 – 2024)
Figure:42  Latin America Home Security market, BY country, $M (2014 – 2024)

List of Table
 
Table 1  Global Home security market, BY product, $M (2014 – 2017)
Table 2  Global Home security market, BY product, $M (2018 – 2024)
Table 3  Global Home security cameras market, BY region, $M (2014 – 2017)
Table 4  Global Home security cameras market, BY region, $M (2018 – 2024)
Table 5  Global Home smart locks market, BY region, $M (2014 – 2017)
Table 6  Global Home smart locks market, BY region, $M (2018 – 2024)
Table 7  Global Home sensors market, BY region, $M (2014 – 2017)
Table 8  Global Home sensors market, BY region, $M (2018 – 2024)
Table 9  Global Home security alarms market, BY region, $M (2014 – 2017)
Table 10  Global Home security alarms market, BY region, $M (2018 – 2024)
Table 11  Global Home Fire Sprinklers & Extinguishers market, BY region, $M (2014 – 2017)
Table 12  Global Home Fire Sprinklers & Extinguishers market, BY region, $M (2018 – 2024)
Table 13  Global Home Smart Locks market, BY Type, $M (2014 – 2017)
Table 14  Global Home Smart Locks market, BY Type, $M (2018 – 2024)
Table 15  Global Home security market, BY Solution, $M (2014 – 2017)
Table 16  Global Home security market, BY solution, $M (2018 – 2024)
Table 17  Global Home Audio-Visual Surveillance market, BY region, $M (2014 – 2017)
Table 18  Global Home Audio-Visual Surveillance market, BY region, $M (2018 – 2024)
Table 19  Global Home Access Control & Management market, BY region, $M (2014 – 2017)
Table 20  Global Home Access Control & Management market, BY region, $M (2018 – 2024)
Table 21  Global Home Integrated Security market, BY region, $M (2014 – 2017)
Table 22  Global Home Integrated Security market, BY region, $M (2018 – 2024)
Table 23  Global Home Alert System market, BY region, $M (2014 – 2017)
Table 24  Global Home Alert System market, BY region, $M (2018 – 2024)
Table 25  Global Home Intercom System market, BY region, $M (2014 – 2017)
Table 26  Global Home Intercom System market, BY region, $M (2018 – 2024)
Table 27  Global Home Fire Protection market, BY region, $M (2014 – 2017)
Table 28  Global Home Fire Protection market, BY region, $M (2018 – 2024)
Table 29  Global Home security market, BY Home Type, $M (2014 – 2017)
Table 30  Global Home security market, BY Home Type, $M (2018 – 2024)
Table 31  Global Home Security Market for Independent  Home Type, BY region, $M (2014 – 2017)
Table 32  Global Home Security Market for Independent  Home Type, BY region, $M (2018 – 2024)
Table 33  Global Home Security Market for apartment Home Type, BY region, $M (2014 – 2017)
Table 34  Global Home Security Market for apartment Home Type, BY region, $M (2018 – 2024)
Table 35  North America Home security market, BY product, $M (2014 – 2017)
Table 36  North America Home security market, BY product, $M (2018 – 2024)
Table 37  North America Home smart locks market, BY type, $M (2014 – 2017)
Table 38  North America Home smart locks market, BY type, $M (2018 – 2024)
Table 39  North America Home security market, BY solution, $M (2014 – 2017)
Table 40  North America Home security market, BY solution, $M (2018 – 2024)
Table 41  North America Home security market, BY home type, $M (2014 – 2017)
Table 42  North America Home security market, BY home type, $M (2018 – 2024)
Table 43  North America Home security market, BY country, $M (2014 – 2017)
Table 44  North America Home security market, BY country, $M (2018 – 2024)
Table 45  Europe security market, BY product, $M (2014 – 2017)
Table 46  Europe security market, BY product, $M (2018 – 2024)
Table 47  Europe Home smart locks market, BY type, $M (2014 – 2017)
Table 48  Europe Home smart locks market, BY type, $M (2018 – 2024)
Table 49  Europe Home security market, BY solution, $M (2014 – 2017)
Table 50  Europe Home security market, BY solution, $M (2018 – 2024)
Table 51  Europe Home security market, BY home type, $M (2014 – 2017)
Table 52  Europe Home security market, BY home type, $M (2018 – 2024)
Table 53  Europe Home security market, BY country, $M (2014 – 2017)
Table 54  Europe Home security market, BY country, $M (2018 – 2024)
Table 55  Asia-Pacific security market, BY product, $M (2014 – 2017)
Table 56  Asia-Pacific security market, BY product, $M (2018 – 2024)
Table 57  Asia-pacific Home smart locks market, BY type, $M (2014 – 2017)
Table 58  Asia-pacific Home smart locks market, BY type, $M (2018 – 2024)
Table 59  Asia-pacific Home security market, BY solution, $M (2014 – 2017)
Table 60  Asia-pacific Home security market, BY solution, $M (2018 – 2024)
Table 61  Asia-pacific Home security market, BY home type, $M (2014 – 2017)
Table 62  Asia-pacific Home security market, BY home type, $M (2018 – 2024)
Table 63  Asia-pacific Home security market, BY country, $M (2014 – 2017)
Table 64  Asia-pacific Home security market, BY country, $M (2018 – 2024)
Table 65  MEA security market, BY product, $M (2014 – 2017)
Table 66  MEA security market, BY product, $M (2018 – 2024)
Table 67  MEA Home smart locks market, BY type, $M (2014 – 2017)
Table 68  MEA Home smart locks market, BY type, $M (2018 – 2024)
Table 69  MEA Home security market, BY solution, $M (2014 – 2017)
Table 70  MEA Home security market, BY solution, $M (2018 – 2024)
Table 71  MEA Home security market, BY home type, $M (2014 – 2017)
Table 72  MEA Home security market, BY home type, $M (2018 – 2024)
Table 73  MEA Home security market, BY country, $M (2014 – 2017)
Table 74  MEA Home security market, BY country, $M (2018 – 2024)
Table 75  Latin America security market, BY product, $M (2014 – 2017)
Table 76  Latin America security market, BY product, $M (2018 – 2024)
Table 77  Latin America Home smart locks market, BY type, $M (2014 – 2017)
Table 78  Latin America Home smart locks market, BY type, $M (2018 – 2024)
Table 79  Latin America Home security market, BY home type, $M (2014 – 2017
Table 80  Latin America Home security market, BY home type, $M (2018 – 2024)
Table 81  Latin America Home security market, BY country, $M (2014 – 2017)
Table 82  Latin America Home security market, BY country, $M (2018 – 2024)

1.     Research Methodology

Residential Security Market Research Methodology
Source: BlueWeave Consulting Analysis

2.    Regional Split of Primary & Secondary Research

Residential Security Market Research Methodology
Source: BlueWeave Consulting Analysis

3.   Secondary Research

The research process began with obtaining historical market sizes of the entire residential security market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.

The next step involved the study of present market environment that is influencing the residential security market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.

4.     Primary Research

Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global residential security market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.

In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.

4.1    Breakdown of Primary Research Respondents, By Region

Residential Security Market Research Methodology
Source: BlueWeave Consulting Analysis

4.2    Breakdown of Primary Research Respondents, By Industry Participants

Residential Security Market Research Methodology
Source: BlueWeave Consulting Analysis

5.     Market Size Estimation

Top-down approach has been followed to obtain the market size by region, and by country. Bottom-Up approach has been followed to obtain market size by process and by industry. An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.

6.     Assumptions for the Study

  • The macro-economic factors would remain same during the forecast period.
  • The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.

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