APAC Home Security System Market Size (2024 - 2029)

The Asia-Pacific home security system market is experiencing growth driven by the increasing adoption of smart devices and enhanced features in security appliances. The integration of Wi-Fi connectivity and voice control through platforms like Amazon's Alexa and Google Assistant is boosting market demand. Countries such as China, Japan, and India are seeing a rise in the use of video doorbells and intelligent door locks, supported by advancements in biometric recognition and wireless communication technologies. Despite challenges posed by the COVID-19 pandemic, which affected supply chains, the market is witnessing a shift towards technology-enabled home security solutions, reflecting a growing consumer preference for smart home applications.

Market Size of APAC Home Security System Industry

APAC Home Security System Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR < 7.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Home Security System Market Analysis

The Asia-Pacific Home Security System Market is expected to register a CAGR of less than 7% over the forecast period. Home security appliances can be connected to Wi-Fi and accessed from anywhere using smart devices, such as smartphones, smartwatches, or voices. Moreover, energy and insurance savings drive awareness and increase the adoption of smart home security systems.

  • In countries like China, Japan, and India, the increasing adoption of video doorbells is significantly rising in the home security systems market. The majority of smart video doorbell cameras possess the capability to send alerts on sensing motion. In addition, they tend to send a live video feed to the desired device platform. Recently, these features have witnessed functional uplifts in the form of the new trend of integrating security systems through platforms like Amazon's Alexa or Google Assistant for voice-based functioning.
  • On a similar note, in January 2022, Eufy launched Video Doorbell Dual, a smart doorbell that uses two cameras. The unique design of this doorbell aids security and recognition and adds clarity to the people's home's first line of defense. However, the distinction is that the new Eufy's Video Doorbell Dual also has on-device A.I. to distinguish family and friends from strangers and detect packages. The A.I. detection helps the Eufy Security app send unique notifications to inform the users who or what is at the door.
  • In India, Aliste technologies offer smart appliances such as motion sensing devices and security devices like CCTV cameras that can be controlled with a mobile application. This Noida-based company provides home security solutions for customers by combining climate consciousness with luxury. Factors like this are further indicative of surging market demand, as several small players introduce new products with enhanced features and, thus, gain better market shares.
  • According to a hardware technology development center in China, as of the first quarter of 2021, the Chinese smart lock brand Kinlong had a market share of almost 20 percent in the domestic market. Intelligent door locks are very popular among Chinese consumers. The most used identification method is password and fingerprint recognition. The advancement of biometric recognition (e.g., fingerprint recognition) and wireless communication (4G, Bluetooth, NFC, NB IoT) technologies are some drivers catering to the security and product utility of smart door locks.
  • During the COVID-19 prevailing supply chains for home security products faced supply constraints, as factories operated at constrained capacities, in addition to component shortages (component manufacturers' factory shutdowns, component suppliers restricted on inter-country exports due to nation-wise lockdowns. The outbreak of COVID-19 has led to an additional motivation and incentive for voice control in the home, which has, in turn, drive awareness and adoption of a range of other home devices and applications. Therefore, a shift in spending toward technology-enabled services for home consumption is expected.

APAC Home Security System Industry Segmentation

The Asia-Pacific Home Security System Market is Segmented by Component (Hardware (Electronic Locks, Security Cameras, Fire Sprinklers, Window Sensors, Door Sensors), Software, Services), by Type of System (Video Surveillance System, Alarm System, Access Control System, Fire Protection System), and by Geography. Furthermore, benefits like cost savings on energy and insurance, in addition to entertainment and comfort, are driving the awareness and increasing adoption of home security systems.

By Component
Hardware
Electronic Locks
Security Cameras
Fire Sprinklers
Window Sensors
Door Sensors
Other Hardware (Panic Buttons and Motion Sensors)
Software
Services
By Type of System
Video Surveillance System
Alarm System
Access Control System
Fire Protection System
By Geography
China
Japan
India
Rest of Asia-Pacific
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APAC Home Security System Market Size Summary

The Asia-Pacific home security system market is poised for significant growth, driven by the increasing adoption of smart home technologies and the integration of advanced features such as video doorbells and smart locks. The market is characterized by the rising demand for devices that offer remote access and control through smart devices, enhancing convenience and security for homeowners. Countries like China, Japan, and India are at the forefront of this trend, with innovations such as AI-powered video doorbells and intelligent door locks gaining popularity. The introduction of voice-activated systems through platforms like Amazon's Alexa and Google Assistant further underscores the shift towards more integrated and user-friendly security solutions. The market is also witnessing a surge in the deployment of IoT-enabled devices, which are expected to play a crucial role in the future of home security.

The competitive landscape of the Asia-Pacific home security system market is marked by the presence of key players such as Honeywell International Inc., Assa Abloy, and Hangzhou Hikvision Digital Technology Co., Ltd., among others. These companies are actively expanding their market share through strategic partnerships, acquisitions, and the launch of innovative products. For instance, Honeywell's acquisition of US Digital Designs and Secom's expansion into Southeast Asia highlight the strategic moves being made to enhance their offerings and reach. The market is also benefiting from technological advancements such as 5G, which promises faster and more reliable communication, thereby supporting the deployment of more sophisticated security systems. As the demand for enhanced home security solutions continues to rise, the market is expected to witness robust growth, driven by both technological innovations and increasing consumer awareness.

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APAC Home Security System Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Stakeholder Analysis

    4. 1.4 Impact of COVID-19 on the Home Security System Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 Hardware

        1. 2.1.1.1 Electronic Locks

        2. 2.1.1.2 Security Cameras

        3. 2.1.1.3 Fire Sprinklers

        4. 2.1.1.4 Window Sensors

        5. 2.1.1.5 Door Sensors

        6. 2.1.1.6 Other Hardware (Panic Buttons and Motion Sensors)

      2. 2.1.2 Software

      3. 2.1.3 Services

    2. 2.2 By Type of System

      1. 2.2.1 Video Surveillance System

      2. 2.2.2 Alarm System

      3. 2.2.3 Access Control System

      4. 2.2.4 Fire Protection System

    3. 2.3 By Geography

      1. 2.3.1 China

      2. 2.3.2 Japan

      3. 2.3.3 India

      4. 2.3.4 Rest of Asia-Pacific

APAC Home Security System Market Size FAQs

The APAC Home Security System Market is projected to register a CAGR of less than 7% during the forecast period (2024-2029)

Honeywell International Inc., Hangzhou Hikvision Digital Technology Co., Ltd, Bosch Security Systems GmbH, Johnson Controls and Schneider Electric are the major companies operating in the APAC Home Security System Market.

Asia-Pacific Home Security System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)