Home Security Camera Market Segments, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2030

Posted 2 years ago in TECHNOLOGY.

Global Home Security Camera Market, Product (Dome Security Camera, Bullet Security Camera, IP Security Camera), Type (Indoor Security Camera, Outdoor Security Camera), Resolution (Non-HD, HD), Services (Professional, Managed) - Forecast till 2030

Home Security Camera Market Segments, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2030

Market Analysis 

The global Home Security Camera Market Analysis will touch USD 4.73 Billion at a healthy CAGR at  10.13%  in the forecast period (2020- 2030), states the latest Market Research Future (MRFR) report.

Home Security Camera Market Drivers 

Growing Adoption of Smart Homes to Boost Market Growth 

The growing adoption of smart homes where smart security systems are a vital part will boost the market growth over the forecast period. The adoption of smart homes is possible due to the advances in future technologies such as IoT. 

Home Security Camera Market Opportunities 

Rising Incidents of Security Breaches and Threats to Offer Robust Market Opportunities 

The growing incidents of security breaches and threats will offer robust opportunities for the market in the forecast period. Security breaches have led to a high demand for enhanced security and safety systems including electronic alarm sensors, CCTV cameras, and others. 

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Home Security Camera Market Restraints and Challenges 

High Maintenance and Repair Cost to act as Market Restraint 

The high cost to repair and maintain home security cameras will act as a market restraint over the forecast period. 

Home Security Market Segmentation 

The global home security camera market is bifurcated based on product, type, resolution, and services. 

By product, the dome security camera will lead the market over the forecast period. 

By type, the outdoor security cameras will dominate the market over the forecast period. 

By resolution, the HD segment will spearhead the market over the forecast period. 

By services, the professional services will have the lions share in the market over the forecast period. 

COVID-19 Analysis 

The home security market has been adversely impacted by the COVID-19 pandemic. There has been a fall in global scales. The impact of the outbreak on major markets like China and the US has been adverse due to disruption in supply chain in China that has led to a decline in the demand for such security cameras. Besides, the fall in new construction projects and closure of manufacturing facilities are also impacting market growth. With the relaxation of lockdowns, the market is likely to get back to normalcy soon. 

Regional Analysis 

North America to Precede Home Security Camera Market 

North America will precede the home security camera market in the forecast period. The presence of leading technology giants and start-ups, the wide adoption of home security cameras, advances in video analytics for safety and security in homes and other commercial places, early adoption of home security systems, the presence of technically and economically developed countries- Canada and the US, higher disposable income, the development of smart cities, and the introduction of IoT are adding to the global home security camera market growth in the region. 

Key Players 

Eminent players profiled in the global home security camera market report include Hangzhou Hikvision Digital Technology Co. Ltd (China) Motorola Home (U.S.), Shenzhen Leshi Video Tech. Co., Ltd (China), Netgear, Inc. (U.S.), ADT Security Services (U.S.), FrontPoint Security Solutions, LLC (U.S.), Vivint, Inc. (U.S.), SimpliSafe (U.S.), Panasonic Corporation (Japan), Godrej Security Solutions (India), and Nest Cam (U.S.), among others. 

The global home security camera market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, and more.

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Home Security Camera Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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