U.S. Smart Home Security Camera Market Size & Outlook
U.S. smart home security camera market, 2016-2030 (US$M)
Related Markets
U.S. smart home security camera market highlights
- The U.S. smart home security camera market generated a revenue of USD 2,316.8 million in 2021 and is expected to reach USD 11,570.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 19.6% from 2022 to 2030.
- In terms of segment, wired was the largest revenue generating technology in 2021.
- Wireless is the most lucrative technology segment registering the fastest growth during the forecast period.
Smart home security camera market data book summary
| Market revenue in 2021 | USD 2,316.8 million |
| Market revenue in 2030 | USD 11,570.8 million |
| Growth rate | 19.6% (CAGR from 2021 to 2030) |
| Largest segment | Wired |
| Fastest growing segment | Wireless |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wired, Wireless |
| Key market players worldwide | Xiaomi Corp Class B, Samsung Electronics Co Ltd, Arlo Technologies Inc, Amazon.com Inc, ADT Inc, Brinks Home Security, Anker Innovations, Vivint Smart Home, SimpliSafe, SkylinkHome, Nest Labs, Wyze Labs |
Other key industry trends
- In terms of revenue, U.S. accounted for 36.1% of the global smart home security camera market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart home security camera market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 11,570.8 million by 2030.
Wired was the largest segment with a revenue share of 53.83% in 2021. Horizon Databook has segmented the U.S. smart home security camera market based on wired, wireless covering the revenue growth of each sub-segment from 2016 to 2030.
According to the 2022 U.S. News & World Report Home Security System Beliefs and Practices Survey, the U.S. experienced close to 620,000 burglaries in 2021, resulting in a staggering USD 737 billion in stolen property, with approximately USD 39 billion attributed to household goods alone.
In addition, as per the 2023 Home Security Market Report published by Safe Home, a significant 72% of households across the U.S. are equipped with at least one home security device. Among these households, 51 million have opted for video surveillance systems, while 39 million have installed alarm systems.
The typical expenditure for the installation of a home security system averages around USD 475. It is noteworthy to mention that 83% of burglars make an effort to assess the presence of an alarm system before attempting a break-in. Moreover, 60% of burglars express their likelihood to choose an alternative target if they ascertain the presence of an active alarm on the premises.
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Smart Home Security Camera Market Scope
Smart Home Security Camera Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. smart home security camera market size, by technology, 2016-2030 (US$M)
U.S. Smart Home Security Camera Market Outlook Share, 2021 & 2030 (US$M)
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