The global connected home surveillance devices market is experiencing an impressive growth trajectory, with the market size expected to hit USD 18.0 billion in 2023 and surpass USD 75.3 billion by 2033. The industry is projected to grow at a robust compound annual growth rate (CAGR) of 15.4% from 2023 to 2033, driven by increasing demand for enhanced home security and the rising adoption of smart home technologies.
Key Drivers of Market Growth
Connected home surveillance devices—comprising cameras, video doorbells, smart locks, sensors, and more—are becoming essential tools for homeowners looking to monitor their properties remotely. These devices allow users to prevent unauthorized access and keep an eye on their homes from anywhere via smartphones and other connected devices.
Several key factors are fueling this surge in demand:
- Rising Security Concerns: A steady rise in burglary rates and home thefts globally is driving consumers to invest in surveillance solutions for improved home protection.
- Smart Home Adoption: The growing popularity of smart home technologies, including IoT-based devices, is enhancing the functionality and accessibility of connected home surveillance systems.
- Technological Advancements: Manufacturers are increasingly incorporating artificial intelligence (AI), machine learning (ML), and other advanced technologies into surveillance systems, such as facial recognition, motion detection, and real-time activity monitoring, further boosting market growth.
Regional Insights
- United States: Rising burglary concerns and the growing adoption of smart home technologies are driving the U.S. market, expected to reach US$ 9.8 billion by 2033, growing at a CAGR of 10.9%.
- United Kingdom: Increased crime rates and heightened security awareness are fueling demand, with the UK market set to grow at a CAGR of 16.5%, reaching US$ 2.16 billion by 2033.
- China: China’s focus on eco-friendly and energy-efficient surveillance systems is propelling growth, with the market expected to reach US$ 5.91 billion by 2033, growing at a CAGR of 16.8%.
- Japan: Government initiatives promoting energy-efficient homes and growing home security concerns are driving market growth, projected to reach US$ 2.98 billion by 2033, with a CAGR of 11.2%.
- South Korea: Government incentives for smart home adoption and energy-efficient solutions are boosting demand, with the market projected to grow at a CAGR of 9%, reaching US$ 2.25 billion by 2033.
Key Players in the Connected Home Surveillance Devices Industry
- ASSA ABLOY
- Johnson Controls, Inc. (Tyco Security Products)
- Honeywell International Inc.
- ADT Inc.
- SimpleSafe Inc.
- Arlo Technologies Inc.
- Vivint
- Swann Communications
- Bosch Security Systems
- Netatmo
- Nest Labs
- Samsung Electronics
- Others (As per request)
Key Developments in the Connected Home Surveillance Devices Industry
- In 2022, Arlo Technologies Inc. announced the launch of the Arlo Home Security System which includes a unique multi-sensor capable of performing eight different sensing functions.
- In June 2022, Simply Secure 24 plan was introduced by Rhythm Energy, which offers Texans a fixed-rate energy plan along with a complete home security system from SimpliSafe.
- In 2021, Ring, a subsidiary of Amazon, launched its new Floodlight Cam Wired Pro, which features advanced motion detection, 3D motion detection, and a bird’s eye view.
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Global Connected Home Surveillance Devices Market Segmentation
By Devices:
- Cameras
- Video Doorbells
- Door & Window Sensors
- Smart Locks
- Others
By Home Type:
- Independent Homes
- Condominium/Apartment
By Installation:
- Professionally Installed
- Do-It-Yourself (DIY)
By Distribution Channel:
- Online Platform
- Offline Stores
By Country:
- United States
- Canada
- Brazil
- Germany
- United Kingdom
- China
- Japan
- India
- Australia
- GCC Countries
- Rest of the World
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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