China and India are amongst the fastest growing market in the Asia-Pacific Home Security market

An exponential rise in the Asia-Pacific Home Security market is anticipated during 2020-25 on an account of the rising adoption home security and safety systems in the countries such as India and China, coupled with extensive construction activities. The rising rate of theft & robbery, technological advancement in the home security such as integration of cloud service along with rapid urbanization, and increase in disposable income is encouraging the consumers to invest more in the high-end home security products and solutions. Thus, these factors are projected to strongly drive the demand for home security in the forecast period.

Apartments and Condominiums segment is estimated to capture a majority market share in the Asia-Pacific Home Security market in the forthcoming years owing to the boost in the degree of construction of apartments in the APAC countries, which has augmented the demand for intruder alarms, video surveillance, and fire detection systems. Moreover, the essential concern of people toward security along with the accessibility of do-it-yourself (DIY) home security solutions are also proliferating the demand for home security systems in the region.

China and India acquired a significant market share in the Asia-Pacific Home Security market in 2019 due to soaring crime rates and escalating number of infrastructure expansion activities. Moreover, the rising demand for home security systems, assistance from government bodies and introduction of new companies providing services and up-gradation in the technology of home security systems are anticipated to boost the market growth of Asia-Pacific Home Security market during 2020-25.

The Asia-Pacific Home Security market is fragmented and the key players in the industry include ABB Ltd., ADT, Allegion, Assa Abloy, Comcast, Control4, Front Point, Godrej & Boyce, Hangzhou Hikvision Digital Technology, Honeywell International Inc., Johnson Controls Inc, Legrand, Nortek Security & Control, Robert Bosch GmbH, Schneider Electric SE, Secom, Stanley Convergent Security Solutions, United Technologies, Vivint etc. The deployment of advanced technology in the home security systems to provide better ease of use to customers is projected to augment the market share of the companies in the market.