The intelligent home security market is expected to grow at a CAGR of 19.17%, reaching a market size of US$21.924 billion in 2030 from US$9.130 billion in 2025.
Intelligent or smart home security comprises solutions equipped with smart sensors, software, and detectors that provide warning alerts regarding housebreaking or any unknown perimeter breach. Such systems are essential to minimize the threat of housebreaks.
The prime reason driving the market growth for an intelligent home security system is the rising construction of smart homes for a better standard of living. Additionally, investments in IoT and artificial intelligence to bolster security have provided new growth prospects. Growing multi-complex and social living systems have raised security concerns, propelling the need for intelligent home security systems.
Technological adoption in day-to-day routine, including securing houses, is witnessing significant growth. With ongoing investments in security solutions for residential settings, the trend will likely grow further in the future. Moreover, the rising crime rate, residential burglary, and assault against the geriatric population have raised serious concerns and led to the adoption of intelligent security systems at home. For instance, according to the Montgomery County Police Department, in 2023, the number of residential burglaries reached 823 in the county, representing a 13.7% increase compared to 724 instances reported in 2022.
Likewise, according to the Karnataka Police Department, in January 2023, the number of reported cases for burglary at residential premises stood at 224, signifying an increase of 38% over 164 cases reported in 2022 for the same month.
The global population is experiencing a surge, accelerating the need for residential settings. Moreover, the demand for intelligent home security is poised to show an upward trajectory due to rapid urbanization, followed by investment in private housing. Likewise, there has been a shift in consumer preference for smart solutions to secure residential perimeters.
The prime factor that is expected to drive lucrative growth in the intelligent home security market is the rising construction of smart homes. With the rise in the population, demand for smart homes is expected to surge significantly. According to the US Census Bureau, in June 2023, private housing completions stood at an adjustable rate of 1,468,000 units, which represented a 5.5% increase over 2022’s housing completion rate for the same month.
Intelligent home security solutions integrate various hardware and software components with unique features. The degree of security depends on the features the product possesses, and to make security solutions more effective, the associated capital investment can be relatively high, which can increase the overall cost of production. Furthermore, significant installation, maintenance, and miscellaneous costs associated with the technology can also be high, hindering market growth, particularly in low and middle-income countries.
North America is projected to hold a considerable share of the market, attributable to the booming housing market in major regional economies, namely the US and Canada. According to the US Census Bureau, in April 2023, Single-Family housing starts experienced a 1.6% growth with an adjustable rate of 8,460,000 units. Likewise, according to Statistics Canada, in Q1 of 2024, housing start units stood at 52,859, representing an increase of 12.8% over Q1 of 2023.
Asia Pacific is poised to show the quickest growth, fuelled by the ongoing implementation of residential construction projects in major economies, namely China, India, Japan, and South Korea, which is projected to drive the overall market demand. Moreover, countries like South Korea and Japan are at the forefront of technological innovations. They are actively supporting innovations, which is further set to pave the way for future market expansion.
Similarly, in China, the government invested US$255 billion in the reconstruction of Shantytown, which is expected to renovate or reconstruct 6 million households and upgrade them with smart home devices. In Saudi Arabia, the construction of King Abdullah Economic City, a US$100 billion project, is expected to increase the market prospects.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Intelligent Home Security Market Size in 2025 | US$9.130 billion |
| Intelligent Home Security Market Size in 2030 | US$21.924 billion |
| Growth Rate | CAGR of 19.17% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Intelligent Home Security Market |
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| Customization Scope | Free report customization with purchase |