Home security consists of a network of devices placed for personal security measures to keep the property and the residents safe in an efficient manner.
Asia Pacific (APAC) Home Security Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of APAC Home Security market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Asia Pacific (APAC) Home Security Market Analysis, 2020”, the APAC Home Security market is anticipated to grow at a CAGR of around 11% during 2020-25F. Based on application, apartment & condominiums acquired the significant market share in the APAC Home Security market in 2019 owing to rising people inclination toward the apartments which have integrated security and amenities within optimized prices. The burgeoning number of projects regarding condominiums and apartment construction in cities along with rapid urbanization are projected to lead to a substantial demand for home security market in the forecast period.
Do-It-Yourself (DIY) Segment is Gaining Steady Pace
Based on type, do-it-yourself (DIY) segment is projected to grow to a steady rate owing during 2020-2025 owing to the cost optimization in these systems. The DIY systems is gradually becoming an alternative for customers with average discretionary earnings.
The home security system rate of penetration is low in countries such as India due the cost associated with these systems, which encourage the customers with limited budget to deploy DIY systems for the security. Besides this, DIY systems also enable the customers to remotely monitor the home using their smartphones. The increasing demand for DIY security systems is expected to propel the growth of APAC Home Security market in the coming years as stated in the MarkNtel Advisors’ research report “Asia Pacific (APAC) Home Security Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the APAC Home Security market include ADT, Johnson Control, ABB, Legrand, Schneider Electric, Nortek, Robert Bosch, Assa Abloy, Hikvision, Honeywell etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Asia Pacific (APAC) Home Security Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Asia Pacific (APAC) Home Security Market during 2020-25?
A. The growth rate of APAC Home Security Market during 2020-25 is forecast to be around 16.2%.
Q. Who are the key competitors or players operating in Asia Pacific (APAC) Home Security Market?
A. ADT, Johnson Control, ABB, Legrand, Schneider Electric, Nortek, Robert Bosch, Assa Abloy, Hikvision, Honeywell etc., are few of the leading players in the Asia Pacific (APAC) Home Security Market.
Q. Which Language segment would emerge as an opportunity area for players in Asia Pacific (APAC) Home Security Market?
A. English segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Asia Pacific (APAC) Home Security Market?
A. China grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for service providors in Asia Pacific (APAC) Home Security Market.