How big is the Smart Home Safety Market?

The Smart Home Safety Market size is expected to reach USD 32.51 billion in 2024 and grow at a CAGR of 14.06% to reach USD 62.76 billion by 2029. Read More

What is the current Smart Home Safety Market size?

In 2024, the Smart Home Safety Market size is expected to reach USD 32.51 billion. Read More

Who are the key players in Smart Home Safety Market?

HONEYWELL International Inc., Johnson Controls International PLC , Hangzhou Hikvision Digital Technology Co. Ltd, Abode Systems Inc. and ADT Inc. are the major companies operating in the Smart Home Safety Market. Read More

Which is the fastest growing region in Smart Home Safety Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Home Safety Market?

In 2024, the Asia Pacific accounts for the largest market share in Smart Home Safety Market. Read More

What years does this Smart Home Safety Market cover, and what was the market size in 2023?

In 2023, the Smart Home Safety Market size was estimated at USD 28.50 billion. The report covers the Smart Home Safety Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Home Safety Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Home Safety Market Share

Statistics for the 2023 & 2024 Smart Home Safety market share, created by Mordor Intelligence™ Industry Reports. Smart Home Safety share report includes a market forecast to 029) and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Home Safety Industry

The Smart Home Security Market is highly fragmented due to low entry barriers. Further strategic partnerships and innovations are the driving force for the industry, and the market is evolving faster in terms of technology and features. Key players are ADT Inc., Honeywell International Inc., Hangzhou Hikvision Digital Technology Co. Ltd., and Abode Systems Inc., among others.

In May 2023, WiZ announced the launch of a new unique home monitoring technology that uses motion detection and the power of light to help a user keep his home safe. The company's new smart home monitoring indoor camera is among the first home monitoring products to complement its portfolio of smart home safety solutions.

In April 2023, ADT Inc, in collaboration with Google Nest smart home products, announced the availability of the new ADT Self Setup smart home security system, which is one of its most advanced and complete DIY systems, including Video Verification and helps police to respond faster, to get help sooner.