Global Home Security Camera Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Home Security Camera Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Home security camera is a kind of surveillance camera, which can be deployed outside or inside a house/building, and it has various specifications, sizes and resolutions. Its main function is to capture and store video for security purposes, and to monitor suspicious activities in and around the house.

Market Overview:

The latest research study on the global Home Security Camera market finds that the global Home Security Camera market reached a value of USD 3824.24 million in 2022. It’s expected that the market will achieve USD 9173.73 million by 2028, exhibiting a CAGR of 15.7% during the forecast period.

The industrial chain is affected

The impact of pneumonia epidemic in COVID-19 on the global family safety camera industry involves all major links and entities in the industrial chain. Under the epidemic situation, the management efficiency of the company declined, commuting was severely hindered, the production plan was severely hindered, the network expansion and marketing were delayed, the brand was forced to adjust, the market sales declined, and the income of the company and employees was damaged.

SMEs face challenges

The pneumonia epidemic in COVID-19 has greatly affected the global home security camera industry, especially the after-sales operation of small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of SMEs is imperfect and fragile.

Strength

Increased downstream demand
The global infrastructure construction has been further improved and the housing problem has been further solved, which has played a certain role in promoting the downstream growth of home security cameras.
Family security threats
In some areas, family burglary, abuse of the elderly and children by family nannies and other hidden dangers frequently occur, and the awareness of family safety has generally improved. Installing a home security camera can avoid such phenomena to a certain extent, and can also help record crimes.

Weakness

High installation, maintenance and operation costs
The high cost related to the installation and maintenance of home security cameras is expected to become a key factor limiting the market growth. Customers are skeptical about investment because many consumers still can't afford the price of security cameras. Expensive hardware and cost of ownership hinder the adoption of home security system. In addition, the cost of ownership will be higher, because it includes maintenance costs, parts replacement costs and installation costs.
Data privacy threats
After installing the home security camera, personal information and indoor scenes may be leaked, which may be related to the camera and its affiliated software. At present, there have been many such phenomena. Some professional engineers have demonstrated to reporters the whole process of obtaining user information and real-time pictures of home smart cameras, and confirmed that some brands of cameras do have the possibility of leaking secrets.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview

360 Security Technology is one of the major players operating in the Home Security Camera market, holding a share of 3.27% in 2022.

360 Security Technology

360 Security Technology Inc. offers internet advertising services. The Company offers internet advertising for electronic commerce, education, health, information, and other industries. 360 Security Technology also operates internet games, internet of things intelligent hardware, and other businesses.

ADT Security Services

ADT Inc., formerly The ADT Corporation, is an American company that provides residential, small and large business electronic security, fire protection, and other related alarm monitoring services throughout the United States.

Segmentation Overview:

Among different product types, Network Cameras segment is anticipated to contribute the largest market share in 2027.

Network Cameras

Network camera is a new generation of cameras produced by combining traditional cameras with network technology. It can transmit images to the other side of the globe through the network, and remote viewers can monitor their images without any professional software, as long as they have a standard web browser. The network camera is generally composed of lens, image, sound sensor, A/D converter, image, sound, controller network server, external alarm and control interface. Home security network cameras are generally used to ensure home security and monitor the home interior and surrounding environment.

Analog/HD Analog Cameras

The output of Analog/HD Analog Cameras is an analog signal, which is easily attenuated in long-distance transmission, and is vulnerable to electromagnetic interference, thus affecting the image quality. Analog/HD Analog Cameras is a relatively blocked system, which can only be monitored internally, but not remotely. The video data can only be stored locally, so it is easy to be destroyed by criminals. Home security analog/HD analog Cameras are generally used to ensure home security and monitor the home interior and surrounding environment.

Application Overview:

By application, the Outdoor segment occupied the biggest share from 2017 to 2022.

Indoor

It is mainly placed indoors to ensure family safety. When installing, avoid private areas, such as bathrooms or bedrooms, but cover any easily accessible areas, such as front corridors, or any areas in the home center, such as living rooms.

Outdoor

Outdoor cameras are generally installed outside the home to monitor the surrounding environment of the home. They have a weatherproof shell, so they can withstand a wide temperature range and various solids and liquids, whether rain, snow or hail.

Key Companies in the global Home Security Camera market covered in Chapter 3:

Ezviz (Hikvision)
TP-Link
Resideo
Xiaomi
Godrej Security Solutions
360 Security Technology
LSVT
Motorola Home (Arris)
SimpliSafe
FrontPoint Security Solutions
Anker
Vivint Smart Home
Ring (Amazon)
ADT Security Services
Google Nest
Panasonic Corporation
Arlo Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Home Security Camera market from 2018 to 2029 is primarily split into:

Network Cameras
Analog/HD Analog Cameras

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Home Security Camera market from 2018 to 2029 covers:

Indoor
Outdoor

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)