스마트홈 비디오 감시 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2024-2029년)

The Smart Home Video Surveillance Market size is estimated at USD 7.80 billion in 2024, and is expected to reach USD 15 billion by 2029, growing at a CAGR of 13.90% during the forecast period (2024-2029).

Security always ranks high on homeowners' priority lists. Yet, security threats are evolving as technology becomes more intertwined with daily life. Consequently, the need to invest in robust security systems to safeguard property and loved ones has surged in recent years.

Key Highlights

• The rising global instances of thefts and burglaries are a key driver of concerns surrounding home security. The FBI's Uniform Crime Reporting (UCR) Program reveals a stark reality: the United States witnesses an average of 3,062 burglaries daily. This alarming figure underscores the prevalence of home invasions in the nation. Property crimes, encompassing burglary, motor vehicle theft, arson, and larceny-theft, are equally concerning. The FBI notes that in the United States, one of these crimes occurs roughly every 4.4 seconds.
• Urbanization is driving the demand for smart home security solutions, addressing the challenges of high-density living environments. According to the World Bank, 56% of the global population currently resides in urban areas. By 2045, this number is projected to increase by 1.5 times to 6 billion, adding 2 billion more urban residents. As individuals seek enhanced safety and security, the role of smart security devices, which can alert homeowners to potential intrusions, is becoming increasingly significant in the market studied.
• Smart home security cameras, equipped with real-time monitoring and a proven ability to deter intruders, have emerged as a cornerstone in addressing these heightened security concerns. Their visible effectiveness as deterrents has struck a chord with consumers, fueling their widespread adoption. Beyond their role as vigilant sentinels, these cameras offer features remote monitoring and instant alerts, empowering homeowners with a sense of control and awareness, even when they are away.
• Moreover, the video surveillance industry has prominently featured the convergence of security cameras and AI. Notably, in 2023, AI swiftly became the industry's operational norm, witnessing broad acceptance across various sectors. This surge in AI's development has significantly bolstered the appeal of video surveillance, particularly in the smart home segment.

Smart Home Video Surveillance Market Trends

IP Cameras Gaining Significant Traction

• In today's landscape of escalating security threats, staying proactive is paramount for homeowners. As technology progresses, traditional analog surveillance systems are losing their edge, making way for a more potent alternative - IP cameras. These Internet Protocol cameras are reshaping the surveillance landscape, promising a future that is both safe and secure.
• IP or network cameras are digital video cameras that can seamlessly exchange data over the internet or a computer network. Unlike their analog predecessors, which demand dedicated cabling, IP cameras leverage existing network setups, offering heightened flexibility and cost efficiency. Boasting features like high-quality image transmission, remote monitoring, and advanced analytics, IP cameras have swiftly become the preferred choice for both businesses and homeowners seeking to bolster their security protocols.
• IP cameras offer remarkable scalability, allowing organizations to easily adjust their camera count to suit evolving needs. Leveraging existing network infrastructure, these cameras eliminate the need for extensive cabling, streamlining installations and reconfigurations while keeping costs in check. Their advanced analytics empower them to detect motion, track objects, and flag suspicious activities in real-time.
• Moreover, IP cameras seamlessly integrate with other security systems like access control and alarms, bolstering the overall security framework. This integration trend not only enhances security but also enables remote monitoring and management, a boon for businesses. As bandwidth capabilities grow and storage costs plummet, IP cameras are pivoting toward higher resolutions and megapixel imaging.
• As cloud-based solutions gain traction, IP cameras are riding the wave, with manufacturers embedding cloud functionalities into their offerings. Cloud storage, remote access, and real-time alerts are now standard, providing businesses with convenient surveillance footage access and management.

Asia-Pacific Expected to Dominate the Market

• Despite a global pandemic setback, the construction sector in Asia-Pacific has been on an upward trajectory in recent years. Governments in the region are now gearing up to boost infrastructure investments, a move set to further propel the construction sector.
• Illustrating this trend, in May 2024, China unveiled plans for local governments to purchase millions of unsold homes, aiming to alleviate the housing crisis. State-owned enterprises are set to assist by acquiring these homes at significant discounts from struggling developers, facilitated by loans from state banks. The initiative aims to repurpose many of these properties into affordable housing units.
• Highlighting further investments, in December 2023, the state government inked MoUs totaling USD 2,960.62 million with several companies, laying the groundwork for the upcoming Gujrat Global Summit (VGGS). Additionally, state-owned Hudco announced a partnership with the Government of Gujarat, committing up to USD 1,737.3 million for housing and urban infrastructure projects.
• As group housing gains traction, homeowners are increasingly emphasizing security, leading to a surge in investments in video surveillance systems. This shift toward advanced technology in residential properties, over traditional business settings, is driven by a growing demand for real-time, precise information. The rising adoption of doorbell cameras is a testament to this trend, underscoring the expanding role of the smart home surveillance market in the APAC region.

Smart Home Video Surveillance Industry Overview

The smart home video surveillance market is highly fragmented due to the presence of various vendors like Axis Communication, Honeywell International Inc., and Panasonic Corporation. The market features increasing adoption of smart home video surveillance solutions in various end-user industries. The vendors are also making significant product developments to expand their market presence. The market is also viewing strategic partnerships and acquisitions as a lucrative path for expansion.

• June 2024: Intelligent Monitoring Group Ltd finalized the acquisition of Adeva Home Solutions, a leading security provider in Australia and New Zealand, for a sum of USD 2.5 million. This move by IMG is strategically designed to revive the renowned 'Signature Security' brand in the Australian market.
• April 2024: Resideo Technologies announced the acquisition of Snap One, a company specializing in security solutions like surveillance cameras and thermostats. The deal, valued at approximately USD 1.4 billion, inclusive of debt, is set to bolster Resideo's ADI unit. ADI, known for its global distribution of audio-visual and low-voltage products, stands to gain significantly from Snap One's innovative smart-living solutions.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

• 4.1 Market Overview
• 4.2 Industry Value Chain Analysis
• 4.3 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.3.1 Bargaining Power of Suppliers
  • 4.3.2 Bargaining Power of Consumers
  • 4.3.3 Threat of New Entrants
  • 4.3.4 Threat of Substitute Products
  • 4.3.5 Intensity of Competitive Rivalry
• 4.4 Impact of Macroeconomic Trends on the Market

5 MARKET DYNAMICS

• 5.1 Market Drivers
  • 5.1.1 Rising Concern about Home Security and Safety
  • 5.1.2 Advances in Technology, Such as IoT, Artificial Intelligence, and Voice-controlled Assistants
• 5.2 Market Restraints
  • 5.2.1 Complex Installation and Setup
  • 5.2.2 Interoperability Issues

6 MARKET SEGMENTATION

• 6.1 By Component
  • 6.1.1 Hardware
  • 6.1.2 Service
• 6.2 By Geography
  • 6.2.1 North America
  • 6.2.2 Europe
  • 6.2.3 Asia
  • 6.2.4 Australia and New Zealand
  • 6.2.5 Latin America
  • 6.2.6 Middle East and Africa

7 Competitive Landscape

• 7.1 Company Profiles
  • 7.1.1 Axis Communications AB
  • 7.1.2 Bosch Security Systems Incorporated
  • 7.1.3 Dahua Technology Co. Ltd
  • 7.1.4 CP PLUS International
  • 7.1.5 Hangzhou Hikvision Digital Technology Co. Ltd
  • 7.1.6 Honeywell Security Group
  • 7.1.7 Samsung Group
  • 7.1.8 Panasonic Corporation
  • 7.1.9 ADT Inc
  • 7.1.10 FLIR Systems
  • 7.1.11 Avigilon Corporation
  • 7.1.12 Vivint Smart Home Inc.
  • 7.1.13 Hanwha Vision Co. Ltd
  • 7.1.14 Brinks Home Security
  • 7.1.15 Xiaomi Inc.
  • 7.1.16 Skylinkhome
  • 7.1.17 SimpliSafe Inc.

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET