Home Security System Share Overview: The home security system Industry is witnessing a continuous evolution driven by rapid technological developments, mergers & acquisitions, and high investments. This release includes the top five companies by market share, recent mergers & acquisitions, noteworthy updates, and new fundings in the industry.
Top 5 Companies by Home Security System Share
Honeywell: Founded in Indiana, USA in 1906, Honeywell provides a complete set of home and building security systems including smart home project, security system, mobile apps, and cameras. Serving more than 150 million homes worldwide, it emphasizes reliable systems with advanced features.
ADT: ADT is a trusted name for smart home and small business security, and is located in the United States. The company is an industry veteran which continues to innovate in response to consumer demand for added safety and convenience.
Johnson Controls: Renowned worldwide for building technologies and solutions, the range of home security products and services offered by Johnson Controls utilize integrated and advanced technologies to improve safety and efficiency.
Hikvision Digital Technology: Based in Hangzhou, China, Hikvision provides video surveillance products and solutions, as well as home security systems with advanced video analytics and AI capabilities.
Assa Abloy: Assa Abloy is a Sweden-based company that specializes in manufacturing door opening solutions (including locks, doors, gates and entrance automation) for the residential and commercial sectors globally.
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New Mergers and Acquisitions
The home security industry has had multiple mergers and acquisitions that have helped expand product portfolios and market shares.
Honeywell's Purchase of Carrier's Global Access Solutions — December 2023: Honeywell swooped in and purchased Carrier's Global Access Solutions business for $4.95 billion. The acquisition brings together some brands you should know — LenelS2, Onity and Supra — to support Honeywell's strong building automation portfolio.
Divestiture of Security and Communications Technology by Bosch: Bosch announced in December 2024 that it would sell its security and communications technology product business to Triton, a private equity firm. The deal involves three business units — Video, Access and Intrusion, and Communication — with sales totaling more than €1 billion.
ADT Walks Away from Commercial: ADT divested its commercial security, fire, and life safety business unit to GTCR, a private equity firm, for $1.6 billion in 2023. This unit was rebranded as Everon, and was responsible for aspects of security at its full spectrum.
BEARS POUNCE: MARKET IN FLUX
Several key trends have emerged within the industry, as companies attempt to innovate and tap into changing consumer demand:
Honeywell Launches Morley-IAS Max Fire Detection System- In July 2023, Honeywell launched the Morley-IAS Max fire detection and alarm system, comprising a 7-inch touchscreen panel and featuring advanced technologies to improve building and occupant safety.
ADT Plus Smart Security System from ADT: ADT introduced the ADT Plus smart security system in July 2024 that combines proprietary hardware with Google Nest cameras and Yale’s Assure Lock 2. An example of this system would be its implementation of an AI-enabled automation and Z-Wave connectivity to the home security.
AX HOME Series Wireless Alarm System by Hikvision: Hikvision Digital Technology launched the AX HOME series wireless alarm system in April 2024, tailored to residential applications, offering features such as energy efficiency and remote management through the Hik-Connect app.
New Funding and Investments
The home security space has seen big investments, signaling faith in its growth potential:
SECOM’s investments in Eagle Eye Networks and Brivo:
In May 2023, SECOM CO., LTD, also known as SECOM, one of the foremost integrated Security Solution providers, invested a total principal amount of $192 million in two tech entities, Eagle Eye Networks, which received $100 million, and $92 million, which went to Brivo. This is an investment intended to speed up the application of artificial intelligence to cloud physical security for enhanced safety and security.
The home security system market is dynamic, and leading companies are constantly innovating and expanding their offerings through mergers, acquisitions, and investments. Such innovations remind us of the industry's focus on safety and convenience for consumers around the world.