Home Security Sensors Market

Home Security Sensors Market Outlook (2023 to 2033)

The home security sensors market for poised to take a turn for the better. It is expected to reach a value of USD 18081.1 million in 2023. According to an extensive study published by Future Market Insights, demand for home security sensors is forecasted to flourish at a CAGR of 8.3% from 2023 to 2033. Furthermore, a valuation of USD 40116.3 million has been anticipated for the market by 2033.

Residential security is of paramount importance, given the alarming increase in incidences of thefts and burglaries throughout the world. Homeowners are willing to go the extra mile, investigating and experimenting with technologically advanced home surveillance and security systems. This is anticipated to mainly fuel the uptake of home security sensors in the long run.

Several factors can be attributed to the market growth, such as increased in-home burglary rates, attractive insurance policies to residents for the installation of security sensors, and the growing number of smartphone and tablet users.

While each of these types of sensors plays a vital role in securing our home, each fills a specific need that the others do not. In the interest of gleaning the most thorough protection of your home, it makes sense to consider incorporating a combination of the different categories of sensors, which might layer your home’s safeguards and increase your overall security exponentially.

Data Points	Key Statistics
Home Security Sensors Market Size (2023)	USD 18081.1 million
Home Security Sensors Market Revenue Forecast (2033)	USD 40116.3 million
Home Security Sensors Market Growth Rate (2023 to 2033)	8.3% CAGR
North America Market Share	41.3%

Factors Accelerating the Growth of the Home Security Sensors Market

Incorporation of IoT and Wireless Technologies to Propel the Market Growth

IoT-based security sensors ensure user safety by sending instant notifications. Smart sensing detects and warns the individual of motion, heat, and sound. With the availability of a significant volume of high-quality data, IoT makes devices extra presentable. For example,

• The use of elevated cameras, infrared vision, and night vision surveillance systems ensure that event details are accessible twenty-four hours a day, seven days a week.

When there is actual movement, motion activation records and transmits the data. Digital video recording (DVR) devices assist in locating a clip of an event for a specific date and time within an entire recording. As a result, the introduction of IoT devices and effective wireless communication is expected to spur the deployment of multi-functional home security sensors.

Factors Restraining the Growth of the Home Security Sensors Market

The expenditure on the hardware, software, and services required to set up a security system has a key influence on the adoption of home security solutions. A professionally installed system has a high upfront installation value due to costly hardware and consultation fees.

The value of ownership is also largely because the system involves regular maintenance, subscription fees, and replacement costs in the event of damage. Subscription fees charged by third-party monitoring players typically range between USD 160 and USD 1,600. Furthermore, software with advanced analytics features is expensive and results in an increased cost of the system.

Home Security Sensors Market in North America

North America is accounting for a market share of 41.3% of the global home security sensors market. This region is holding a notable market share in the adoption of home security sensors to enhance safety and security for users. T

The market players operating in various countries like the United States, Canada, and Mexico are updating their specialization in access control systems to provide unique technologies and facilities in this sector to achieve a competitive edge over other manufacturers from other countries.

The obligatory fire safeguard and safety regulations in these regions have inspired developers to utilize fire protection systems in their developing structures. Various fire protection devices and machine manufacturers in North America provide smoke detectors, fire alarms, sirens, extinguishers, sprinklers, etc.

North America is a pioneer in the assumption of video surveillance. Also, the introduction of advanced technologies, such as IP-based surveillance cameras, is constantly progressing in the United States.

Home Security Sensors Market in Europe

Europe is accounting for a market share of 27.2% of the global home security sensors market. Researchers estimated that there were 17 million active monitored alarm systems in Europe by the end of 2020. In the coming decades, Europe’s market is predicted to differ significantly by country.

The Nordic market is projected to expand significantly while other key marketplaces in Europe are likely to grow at a moderate speed due to significant market fragmentation and a lack of highly specialized alarm service organizations actively marketing solutions.

Interactive security services and smart home products are key growth factors in the home security sensors market in Europe. Verisure is the leading market in Europe, with 4 million residential and minor corporate clients. The company operates in 11 to 12 countries in Europe.

Factors Pushing the Home Security Sensors in the Asia Pacific

Asia Pacific, particularly China and India, Brazil in Latin America, and Russia are considered to have a significant rise in international home security sensors during the forecast period due to the increase in expendable income and urbanization. Because of breakthroughs in AI-powered facial recognition software, surveillance is becoming prevalent in most industrialized cultures.

A four-day trial of facial-recognition software was undertaken by New Delhi police concerning the relevant many missing kids. China is exporting AI-powered surveillance capabilities to authoritarian countries worldwide, while Western democracies impose restrictions to protect citizens from government and corporate data collection.

During the forecast period, Japan’s market is projected to expand at an 8.5% CAGR whereas India’s market is anticipated to expand at a CAGR of 9.8%.

Category-wise Analysis

Door and Window Sensors Segment to Dominate the Global Home Security Sensors Market

Sensors for doors and windows are essential components of any security system. These sensors are mounted to a door or window and, if broken, send a signal to the main control panel, resulting in an alarm. The growth of this segment is driven by factors such as a rise in the number of security breaches and threats among customers. The doors and windows segment is expected to develop at a CAGR of 9.5%.

Magnetic sensor demand is expected to increase at a 5% CAGR from 2022 to 2034. Magnetic sensor adoption in sophisticated technologies such as driverless vehicles is expected to drive global magnetic sensor segment growth. Magnetic sensors used in these systems are extremely efficient, precise, dependable, robust, and simple to build. As a result, magnetic sensor sales are predicted to rise quickly during the forecast period.

The Start-Up Ecosystem: Key Players are Opening Frontiers for Future Growth

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a large customer base.

• Sonera Magnetics, a startup founded in 2018, has discovered a way to combine interests in medicine, physics, and engineering. The company, based in Berkeley, California, is developing a new type of magnetic sensor that it hopes is going to make high-performance brain imaging affordable and portable.
• Snap One, founded in 2005, acquired long-time Canadian distribution partner Staub Electronics in January 2022 to improve the partner experience across Canada and expand the company's North American local branch footprint.
• Abode has released a new product known as Abode Iota. Abode Iota is a wireless home security system that includes motion sensors, door/window sensors, and glass break sensors.
• Ring has introduced a new device dubbed the Ring Alarm. Ring Alarm is a wireless home security system that incorporates motion sensors, door/window sensors, and glass break sensors.

Leading Players in the Home Security Sensors Market

Some of the leading home security sensor providers include Omron Corporation, Pepperl+Fuchs GmbH, Rockwell Automation, Inc., Honeywell, ABB, K.A. Schmersal Gmbh & Co. KG, Baumer, ifm effector, inc., Shanghai Pubang Sensor Co., Ltd. and Hytronik Industrial Ltd, Resideo Technologies, ASSA ABLOY, Vivint, Inc.

These key home security sensor providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global home security sensors market.

• Resideo Technologies acquired First Alert, Inc., a company of home safety products, in April 2022. Smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, fire extinguishers, and other suppression solutions are all accessible from First Alert.
• ASSA ABLOY agreed in March 2022 to acquire JOTEC Service & Vertriebsgesellschaft GmBh, the regional key manufacturing door distributor and service provider. Assa Abloy's entrance automation offering will be strengthened as a consequence of the acquisition.
• ABB collaborated with the Operational Technology Cyber Security Alliance in October 2019 to provide secure and reliable operational technology. This technology is also employed in smart home security systems to make homes secure.
• Vivint, Inc. released the Vivint Doorbell Camera Pro in March 2020. This new camera is the first to offer a 180-degree vertical and horizontal view with a 1:1 aspect ratio. This camera combines optics, deterrent features, and intelligence to meet the needs of the customer.

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 8.3% from 2023 to 2033
Market Value in 2023	USD 18081.1 million
Market Value in 2033	USD 40116.3 million
Base Year for Estimates	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Application, Product, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; The Middle East and Africa
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Thailand, Singapore, Australia, New Zealand, GCC, South Africa, Israel
Key Companies Profiled	Omron Corporation; Pepperl+Fuchs GmbH; Rockwell Automation Inc.; Honeywell; ABB; Schmersal GmbH & Co. KG; Baumer; Ifm Efector Inc.; Shanghai Pubang Sensor Co. Ltd.; Hytronik Industrial Ltd.
Report Customization & Pricing	Available upon Request

Key Segments Profiled in the Home Security Sensors Industry Survey

By Application:

• Door and Window Sensors
• Glass Break Sensors
• Motion Sensors
• Boundary Protection Sensors

By Product:

• Magnetic Sensors
• Vibration Sensors
• Motion Sensors
• Passive Infrared (PIR)
• MicroWave (MW)
• Dual Technology
• Area Reflective
• Ultrasonic
• Photoelectric Beam Sensors

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East & Africa

Frequently Asked Questions

What is the Present Market Value in 2023?

The market is valued at USD 18081.1 million in 2023.

What is the Growth Rate of the Home Security Sensors Market until 2033?

The market is likely to expand at an 8.3% CAGR by 2033.

What is the Estimated Market Value for 2033?

The market is estimated to reach USD 40,116.3 million by 2033.

What is Europe’s Present Market Share?

Europe accounts for a market share of 27.2% of the global market.

Who are the Top Industry Players?

Rockwell Automation Inc., Honeywell, and ABB are the top industry players.