Asia Pacific Home Security Systems Market 2022-2032 by Component (Hardware, Software, Service), System Type (Professionally Installed, Self-Installed, DIY), Product Offering (Fire Detection, Video Surveillance, Access Control, Alarms), Home Type (Independent, Apartments and Condominiums), Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity
Asia Pacific home security systems market will grow by 9.3% annually with a total addressable market cap of $253.7 billion over 2023-2032, driven by the steadily rising crime rate, consumer preference for living safety, the increasing popularity of smart homes, and the evolving technologies such as digital network and IoT.
Highlighted with 31 tables and 51 figures, this 131-page report “Asia Pacific Home Security Systems Market 2022-2032 by Component (Hardware, Software, Service), System Type (Professionally Installed, Self-Installed, DIY), Product Offering (Fire Detection, Video Surveillance, Access Control, Alarms), Home Type (Independent, Apartments and Condominiums), Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific home security systems market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific home security systems market in every aspect of the classification from perspectives of Component, System Type, Product Offering, Home Type, Distribution Channel, and Country.
Based on Component, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
• Software
• Service
Based on System Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Professionally Installed & Monitored Systems
• Self-Installed & Professionally Monitored Systems
• Do-It-Yourself (DIY) Systems
By Product Offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Fire Detection Systems
• Video Surveillance Systems
• Access Control Systems
• Intruder Alarms
• Other Systems
By Home Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Independent Homes
• Apartments and Condominiums
By Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Offline Sales
• Online Sales
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by System Type, Product Offering, and Home Type over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ABB Ltd.
Abode Systems Inc.
Adt, Inc.
Allegion PLC
Arlo Technologies, Inc.
Assa Abloy
Comcast
Control4
Frontpoint Security Solutions LLC
Godrej & Boyce Manufacturing Company Limited
Hangzhou Hikvision Digital Technology
Hive
Honeywell International Inc.
Johnson Controls International PLC
Legrand
Nest Labs (Google LLC)
Nortek Security & Control
Prosegur Compañía de Seguridad, S.A
Ring Inc.
Robert Bosch GMBH
Schneider Electric SE
Scout Security Ltd.
Secom
Sector Alarm
Securitas AB (Verisure)
Simplisafe Inc.
Snap One LLC
Stanley Convergent Security Solutions
Swann Communications Pty Ltd.
Tyco International Ltd.
United Technologies Corporation
Vivint, Inc.
Wyze Labs Inc.
Zmodo Technology Corporation Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 23
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 25
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Asia Pacific Market by Component 44
3.1 Market Overview by Component 44
3.2 Hardware 46
3.2.1 Electronic Locks 48
3.2.2 Security Cameras 49
3.2.3 Fire Sprinklers 50
3.2.4 Window Sensors 51
3.2.5 Door Sensors 52
3.2.6 Other Hardware 53
3.3 Software 54
3.4 Service 55
4 Segmentation of Asia Pacific Market by System Type 56
4.1 Market Overview by System Type 56
4.2 Professionally Installed & Monitored Systems 58
4.3 Self-Installed & Professionally Monitored Systems 59
4.4 Do-It-Yourself (DIY) Systems 60
5 Segmentation of Asia Pacific Market by Product Offering 61
5.1 Market Overview by Product Offering 61
5.2 Fire Detection Systems 63
5.3 Video Surveillance Systems 64
5.4 Access Control Systems 65
5.5 Intruder Alarms 66
5.6 Other Systems 67
6 Segmentation of Asia Pacific Market by Home Type 68
6.1 Market Overview by Home Type 68
6.2 Independent Homes 70
6.3 Apartments and Condominiums 71
7 Segmentation of Asia Pacific Market by Distribution Channel 72
7.1 Market Overview by Distribution Channel 72
7.2 Offline Sales 74
7.3 Online Sales 75
8 Asia-Pacific Market 2022-2032 by Country 76
8.1 Overview of Asia-Pacific Market 76
8.2 Japan 79
8.3 China 82
8.4 Australia 84
8.5 India 86
8.6 South Korea 88
8.7 Rest of APAC Region 90
9 Competitive Landscape 92
9.1 Overview of Key Vendors 92
9.2 New Product Launch, Partnership, Investment, and M&A 95
9.3 Company Profiles 96
ABB Ltd. 96
Abode Systems Inc. 98
Adt, Inc. 99
Allegion PLC 100
Arlo Technologies, Inc. 101
Assa Abloy 102
Comcast 103
Control4 104
Frontpoint Security Solutions LLC 105
Godrej & Boyce Manufacturing Company Limited 106
Hangzhou Hikvision Digital Technology 107
Hive 108
Honeywell International Inc. 109
Johnson Controls International PLC 110
Legrand 111
Nest Labs (Google LLC) 112
Nortek Security & Control 113
Prosegur Compañía de Seguridad, S.A 114
Ring Inc. 115
Robert Bosch GMBH 116
Schneider Electric SE 117
Scout Security Ltd. 118
Secom 119
Sector Alarm 120
Securitas AB (Verisure) 121
Simplisafe Inc. 122
Snap One LLC 123
Stanley Convergent Security Solutions 124
Swann Communications Pty Ltd. 125
Tyco International Ltd. 126
United Technologies Corporation 127
Vivint, Inc. 128
Wyze Labs Inc. 129
Zmodo Technology Corporation Ltd. 130
RELATED REPORTS 131
List of Tables:
Table 1. Snapshot of Asia Pacific Home Security Systems Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Scenarios for Economic Impact of Ukraine Crisis 26
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Home Security Systems Market 36
Table 6. Asia Pacific Home Security Systems Market by Component, 2022-2032, $ mn 44
Table 7. Asia Pacific Home Security Systems Market: Hardware by Type, 2022-2032, $ mn 47
Table 8. Asia Pacific Home Security Systems Market by System Type, 2022-2032, $ mn 56
Table 9. Asia Pacific Home Security Systems Market by Product Offering, 2022-2032, $ mn 61
Table 10. Asia Pacific Home Security Systems Market by Home Type, 2022-2032, $ mn 68
Table 11. Asia Pacific Home Security Systems Market by Distribution Channel, 2022-2032, $ mn 72
Table 12. APAC Home Security Systems Market by Country, 2022-2032, $ mn 77
Table 13. Japan Home Security Systems Market by System Type, 2022-2032, $ mn 81
Table 14. Japan Home Security Systems Market by Product Offering, 2022-2032, $ mn 81
Table 15. Japan Home Security Systems Market by Home Type, 2022-2032, $ mn 81
Table 16. China Home Security Systems Market by System Type, 2022-2032, $ mn 83
Table 17. China Home Security Systems Market by Product Offering, 2022-2032, $ mn 83
Table 18. China Home Security Systems Market by Home Type, 2022-2032, $ mn 83
Table 19. Australia Home Security Systems Market by System Type, 2022-2032, $ mn 85
Table 20. Australia Home Security Systems Market by Product Offering, 2022-2032, $ mn 85
Table 21. Australia Home Security Systems Market by Home Type, 2022-2032, $ mn 85
Table 22. India Home Security Systems Market by System Type, 2022-2032, $ mn 87
Table 23. India Home Security Systems Market by Product Offering, 2022-2032, $ mn 87
Table 24. India Home Security Systems Market by Home Type, 2022-2032, $ mn 87
Table 25. South Korea Home Security Systems Market by System Type, 2022-2032, $ mn 89
Table 26. South Korea Home Security Systems Market by Product Offering, 2022-2032, $ mn 89
Table 27. South Korea Home Security Systems Market by Home Type, 2022-2032, $ mn 89
Table 28. Home Security Systems Market in Rest of APAC by Country/Region, 2022-2032, $ mn 91
Table 29. ABB Ltd.: Company Snapshot 96
Table 30. ABB Ltd.: Business Segmentation 97
Table 31. ABB Ltd.: Product Portfolio 97
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Asia Pacific Home Security Systems Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Home Security Systems Market 29
Figure 7. GDP per capita in the World, 1990-2020, $ thousand 32
Figure 8. Forecast of World Middle-class Population by Region, 2015-2030, million 32
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Home Security Systems Market 33
Figure 10. Investment Opportunity Analysis 37
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Home Security Systems Market 40
Figure 12. Breakdown of Asia Pacific Home Security Systems Market by Component, 2022-2032, % of Revenue 45
Figure 13. Asia Pacific Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 45
Figure 14. Asia Pacific Home Security Systems Market by Component: Hardware, 2022-2032, $ mn 46
Figure 15. Asia Pacific Home Security Systems Market by Hardware: Electronic Locks, 2022-2032, $ mn 48
Figure 16. Asia Pacific Home Security Systems Market by Hardware: Security Cameras, 2022-2032, $ mn 49
Figure 17. Asia Pacific Home Security Systems Market by Hardware: Fire Sprinklers, 2022-2032, $ mn 50
Figure 18. Asia Pacific Home Security Systems Market by Hardware: Window Sensors, 2022-2032, $ mn 51
Figure 19. Asia Pacific Home Security Systems Market by Hardware: Door Sensors, 2022-2032, $ mn 52
Figure 20. Asia Pacific Home Security Systems Market by Hardware: Other Hardware, 2022-2032, $ mn 53
Figure 21. Asia Pacific Home Security Systems Market by Component: Software, 2022-2032, $ mn 54
Figure 22. Asia Pacific Home Security Systems Market by Component: Service, 2022-2032, $ mn 55
Figure 23. Breakdown of Asia Pacific Home Security Systems Market by System Type, 2022-2032, % of Sales Revenue 57
Figure 24. Asia Pacific Addressable Market Cap in 2023-2032 by System Type, Value ($ mn) and Share (%) 57
Figure 25. Asia Pacific Home Security Systems Market by System Type: Professionally Installed & Monitored Systems, 2022-2032, $ mn 58
Figure 26. Asia Pacific Home Security Systems Market by System Type: Self-Installed & Professionally Monitored Systems, 2022-2032, $ mn 59
Figure 27. Asia Pacific Home Security Systems Market by System Type: Do-It-Yourself (DIY) Systems, 2022-2032, $ mn 60
Figure 28. Breakdown of Asia Pacific Home Security Systems Market by Product Offering, 2022-2032, % of Sales Revenue 62
Figure 29. Asia Pacific Addressable Market Cap in 2023-2032 by Product Offering, Value ($ mn) and Share (%) 62
Figure 30. Asia Pacific Home Security Systems Market by Product Offering: Fire Detection Systems, 2022-2032, $ mn 63
Figure 31. Asia Pacific Home Security Systems Market by Product Offering: Video Surveillance Systems, 2022-2032, $ mn 64
Figure 32. Asia Pacific Home Security Systems Market by Product Offering: Access Control Systems, 2022-2032, $ mn 65
Figure 33. Asia Pacific Home Security Systems Market by Product Offering: Intruder Alarms, 2022-2032, $ mn 66
Figure 34. Asia Pacific Home Security Systems Market by Product Offering: Other Systems, 2022-2032, $ mn 67
Figure 35. Breakdown of Asia Pacific Home Security Systems Market by Home Type, 2022-2032, % of Revenue 69
Figure 36. Asia Pacific Addressable Market Cap in 2023-2032 by Home Type, Value ($ mn) and Share (%) 69
Figure 37. Asia Pacific Home Security Systems Market by Home Type: Independent Homes, 2022-2032, $ mn 70
Figure 38. Asia Pacific Home Security Systems Market by Home Type: Apartments and Condominiums, 2022-2032, $ mn 71
Figure 39. Breakdown of Asia Pacific Home Security Systems Market by Distribution Channel, 2022-2032, % of Revenue 73
Figure 40. Asia Pacific Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%) 73
Figure 41. Asia Pacific Home Security Systems Market by Distribution Channel: Offline Sales, 2022-2032, $ mn 74
Figure 42. Asia Pacific Home Security Systems Market by Distribution Channel: Online Sales, 2022-2032, $ mn 75
Figure 43. Breakdown of APAC Home Security Systems Market by Country, 2022 and 2032, % of Revenue 77
Figure 44. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 78
Figure 45. Home Security Systems Market in Japan, 2022-2032, $ mn 80
Figure 46. Home Security Systems Market in China, 2022-2032, $ mn 82
Figure 47. Home Security Systems Market in Australia, 2022-2032, $ mn 84
Figure 48. Home Security Systems Market in India, 2022-2032, $ mn 86
Figure 49. Home Security Systems Market in South Korea, 2022-2032, $ mn 88
Figure 50. Home Security Systems Market in Rest of APAC, 2022-2032, $ mn 90
Figure 51. Growth Stage of Asia Pacific Home Security Systems Industry over the Forecast Period 92
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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