The North America smart home security cameras market size is projected to reach USD 12.74 billion in 2030, expanding at a CAGR of 19.8% from 2023 to 2030. The rapid adoption of IoT in smart homes is supporting market growth. Consumers are shifting from traditionally mountable Wi-Fi cameras to the deployment of smart home security cameras to increase the security of their premises. These advanced smart home security cameras offer several benefits, which boost their installation in many households across the region. The ease of installation and easy availability of smart home security cameras drive the product demand. The COVID-19 pandemic has brought about a seismic shift in people’s attitudes toward wellness and security.
The industry has been witnessing a few pivoting factors determining consumers’ spending on security devices i.e., working from home, conducting purchases through online platforms, and additional spending leeway realized from not having any outdoor leisure and travel expenditures. The initial phase of the pandemic saw the industry’s supply chain at a standstill due to strict lockdown orders imposed by various countries. This has led to a supply shortage in a few economies and consumer demand being unmet. Nevertheless, there has been a considerable focus on home security during this time owing to the growing emphasis on home-related products, such as smart home devices. The wired camera segment dominated the industry in 2022.
Wired security cameras are more secure, less expensive, and highly reliable because they can run on battery power. Consistency in video production is more important than ever. There are no monthly charges for cloud storage. Companies are constantly adding new features to wired cameras, such as improved night vision, two-way audio with echo cancellation, and customizable motion zones. The doorbell camera segment is expected to register the fastest CAGR from 2023 to 2030. An increasing number of smart cities in several countries is boosting the demand for safety and surveillance products in the market. Rapid urbanization has resulted in a large number of people living in multistoried apartments due to space constraints.
This, in turn, is driving the need for robust smart security systems. The increasing number of developments and innovations implemented by companies through various R&D activities and investments have significantly contributed to market growth. To manufacture innovative smart home security cameras, companies are focusing on enhancing their production capacities through technological integration for production processes.
The industry has been witnessing a few pivoting factors determining consumers’ spending on security devices i.e., working from home, conducting purchases through online platforms, and additional spending leeway realized from not having any outdoor leisure and travel expenditures. The initial phase of the pandemic saw the industry’s supply chain at a standstill due to strict lockdown orders imposed by various countries. This has led to a supply shortage in a few economies and consumer demand being unmet. Nevertheless, there has been a considerable focus on home security during this time owing to the growing emphasis on home-related products, such as smart home devices. The wired camera segment dominated the industry in 2022.
Wired security cameras are more secure, less expensive, and highly reliable because they can run on battery power. Consistency in video production is more important than ever. There are no monthly charges for cloud storage. Companies are constantly adding new features to wired cameras, such as improved night vision, two-way audio with echo cancellation, and customizable motion zones. The doorbell camera segment is expected to register the fastest CAGR from 2023 to 2030. An increasing number of smart cities in several countries is boosting the demand for safety and surveillance products in the market. Rapid urbanization has resulted in a large number of people living in multistoried apartments due to space constraints.
This, in turn, is driving the need for robust smart security systems. The increasing number of developments and innovations implemented by companies through various R&D activities and investments have significantly contributed to market growth. To manufacture innovative smart home security cameras, companies are focusing on enhancing their production capacities through technological integration for production processes.
North America Smart Home Security Cameras Market Report Highlights
- The wired camera segment dominated the industry in 2022. Wired security cameras are more secure, less expensive, and highly reliable as they can run on battery power
- The doorbell camera segment is expected to register the fastest growth rate from 2023 to 2030
- The segment growth is attributed to the increasing number of smart cities in several countries is boosting the demand for safety and surveillance products
- The U.S. dominated the overall industry in 2022 as major manufacturers in North America have realized the potential of the market and thus, are adopting new strategies, such as partnering with home developers and builders, to establish their presence
- For instance, in April 2020, Arlo Technologies announced a partnership with Kartchner Homes, a premier home builder in Utah and Idaho
- The partnership was aimed to integrate Arlo's Video Doorbell into homes constructed by the builder, providing homebuyers a premier solution in smart entry technology
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Country Outlook
2.5. Competitive Insights
Chapter 3. North America Smart Home Security Camera Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Retail Chain Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Driver Impact Analysis
3.4.2. Restraint Impact Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s Five Forces
3.6. Roadmap of North America Smart Home Security Camera
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the North America Smart Home Security Camera
3.9. Video Surveillance Service Trends in the Residential Sector
3.9.1. New Product/Service Development
3.9.2. Consumer Preference for Video Surveillance Service
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. North America Smart Home Security Camera: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 20230
5.2. Wired
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Wireless
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. North America Smart Home Security Camera: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2022 & 20230
6.2. Doorbell Camera
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Indoor Camera
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Outdoor Camera
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. North America Smart Home Security Camera: Country Estimates & Trend Analysis
7.1. Country Movement Analysis & Market Share, 2022 & 20230
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2022
Chapter 9. Company Profiles
9.1. Vivint Smart Home, Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. ADT LLC
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. SimpliSafe, Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Brinks Home Security
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. iSmart Alarm, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. LiveWatch Security LLC
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Skylinkhome
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Protect America, Inc.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. SAMSUNG ELECTRONICS CO., LTD.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Frontpoint Security Solutions, LLC
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Arlo Technologies, Inc.
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Nest Labs
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. Wyze Labs, Inc.
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. blink
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
9.15. eufy
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Strategic Initiatives
9.16. Ring LLC
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Strategic Initiatives
List of Tables
1. North America smart home security camera market - Driving factor market analysis
2. Percentage of condos, single-family homes, and multi-family homes classified as “Smart” as of December 2019
3. Smart home security camera market - Restraint factor market analysis
4. Doorbell camera features preferred by consumers, 2019
5. North America wired smart home security cameras market estimates and forecast, 2017 - 2030 (USD Million)
6. North America wireless smart home security cameras market estimates and forecast, 2017 - 2030 (USD Million)
7. North America smart home security cameras market estimates and forecast, for doorbell camera, 2017 - 2030 (USD Million)
8. North America smart home security cameras market estimates and forecast, for indoor camera, 2017 - 2030 (USD Million)
9. North America smart home security cameras market estimates and forecast, for outdoor camera, 2017 - 2030 (USD Million)
10. North America smart home security cameras market estimates and forecast, 2017 - 2030 (USD Million)
11. North America smart home security camera market estimates and forecast, by product, 2017 - 2030 (USD Million)
12. North America smart home security camera market estimates and forecast, by application, 2017 - 2030 (USD Million)
13. U.S. smart home security cameras market estimates and forecast, 2017 - 2030 (USD Million)
14. U.S. smart home security camera market estimates and forecast, by product, 2017 - 2030 (USD Million)
15. U.S. smart home security camera market estimates and forecast, by application, 2017 - 2030 (USD Million)
16. Canada smart home security camera market estimates and forecast, 2017 - 2030 (USD Million)
17. Canada smart home security camera market estimates and forecast, by product, 2017 - 2030 (USD Million)
18. Canada smart home security camera market estimates and forecast, by application, 2017 - 2030 (USD Million)
19. Company Categorization
20. Key company share analysis, 2022
List of Figures
1. North America smart home security camera market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. North America smart home security camera market - Product growth
7. North America smart home security camera market - Value chain analysis
8. U.S. crime rates per 100,000 people, 2019
9. Global smart homes market revenue, 2015 - 2025 (USD Million)
10. Reasons for not placing cameras in homes, by generation, 2019
11. North America smart home security market: Porter's Five Forces Analysis
12. Roadmap of North America Smart Home Security Camera Market
13. Factors affecting the buying decision
14. North America smart home security camera market: Product share (%) analysis, 2022 & 2030
15. North America smart home security camera market: Application share (%) analysis, 2022 & 2030
16. North America smart home security camera market: Country movement analysis, 2022 & 2030
17. North America smart home security camera market: Company market share (%), 2022
Companies Mentioned
- Vivint Smart Home, Inc.
- ADT LLC
- SimpliSafe, Inc.
- Brinks Home Security
- iSmart Alarm, Inc.
- LiveWatch Security LLC
- Skylinkhome
- Protect America, Inc.
- SAMSUNG ELECTRONICS CO., LTD.
- Frontpoint Security Solutions, LLC
- Arlo Technologies, Inc.
- Nest Labs
- Wyze Labs, Inc.
- blink
- eufy
- Ring LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.99 Billion |
| Forecasted Market Value ( USD | $ 12.74 Billion |
| Compound Annual Growth Rate | 19.8% |
| Regions Covered | North America |
| No. of Companies Mentioned | 16 |
