Smart Home Security Camera Market

Smart Home Security Camera Market Size

The global smart home security camera market size was valued at USD 7.76 billion in 2024 and is estimated to grow at CAGR of 7.2% to reach USD 15.46 billion by 2034. The growth of market is attributed to the increasing adoption of smart home devices, and rising security concerns.

The adoption of smart security cameras, smart locks, and motion sensors is on the rise because they allow users to remotely monitor and receive alerts while integrating with home automation systems. The rollout of 5G networks and the continued proliferation of IoT technology have also greatly enhanced the efficiency and effectiveness of smart home security systems. Moreover, the smart home market is growing due to the increasing number of smartphone users and voice assistant users like Amazon Alexa, Google Assistant, and Apple HomeKit, who enable smart security systems to work at their best. According to Statista, the smart home industry is expected to witness a growth of USD 42 billion by 2025, which will grow at a CAGR of 8.25% during the forecast period. Moreover, rising security concerns and energy efficiency are some of the factors driving the smart home industry.

Moreover, the increase in the adoption of smart home security systems owing to security threats becoming a major challenge. The increased risk of break-ins and thefts has made it imperative for homeowners to switch to more modern surveillance solutions with high-definition CCTV cameras, cloud storage, and AI-based threat recognition tools. Australian homeowners spent heavily on security solutions, due to increasing concern regarding home burglaries. However, in 2024 the estimated spent on home security cameras and artificial intelligence video doorbells by Australia is over a billion dollars. Furthermore, the adoption of smart security devices is being fuelled by the government’s support towards smart cities and energy-efficient homes. With the rise in the adoption of smart homes, automation and security cameras will remain one of the most essential elements for residential security.

Smart Home Security Camera Market Trends

• One of the key trends is the integration of artificial intelligence (AI) and edge computing into smart home security cameras is transforming the industry. The identification of a family member, visitor, or potential intruder is made possible through facial recognition, object recognition, and even behavioral recognition. Contrary to older models that depend on cloud computing, nowadays it is possible to process information at the camera itself. This lowers the waiting time for information to be sent, improves privacy, and allows the camera to function during network outages. This improvement results in improved automation of home security systems that provide better and faster threat detection with lower false alarms.
  
• The use of high-definition (HD, 2K, 4K) video recording necessitated the use of cloud storage for smart home security cameras. Cloud storage is more conveniently accessed, with the addition of real-time notifications and video recording. At the same time, edge computing is now more popular, allowing cameras to locally process data which reduces the response time, as well as enhancing data security.
  
• The addition of smart systems into security cameras marks a transformation in the smart home security industry as even Apple is venturing into the business. These products could integrate with existing Apple peripherals like HomeKit and Siri. It would further add convenience and ease the security apprehensions of clients. The company will most likely use its robust AI systems and complex encryption algorithms to appeal to privacy concentration Apple users. Given the Apple ecosystem’s emphasis on unity, their marketing will most likely accelerate the introduction of technologies into the industry.
  
• The smart home market already has in place established players, such as Ecobee that strives to widen its smart home security ecosystem by adding new products like smart video doorbells to its already existing offerings. These improvements seek to provide low-cost, high-performance security options that integrate with other smart home devices. The venture by Ecobee into the smart security space is an addition to the already existing home automation systems, energy efficiency, and security integration features which make the systems more desirable to consumers. Also, the use of AI and cloud technologies in these devices enables real time notifications, remote access, and personalizable security provisions, thereby improving safety and convenience for homeowners.
  

Smart Home Security Camera Market Analysis

Based on product type, the market is segmented into wired security cameras and wireless security cameras.

• The wired security cameras market is valued at USD 2.7 billion in 2024. The integration of advanced monitoring technologies and the development of smart cities has led to increased state surveillance, necessitating innovative cutting-edge solutions. Alternatively, the adoption of security cameras is growing because of their reliability, optimal power supply, and above-average video imagery. Furthermore, the advancement of PoE (Power over Ethernet) technology has made it easier to install larger quantities of devices.
  
• The wireless security cameras market is valued at 4.6 billion in 2023. The growing adoption of intelligent video surveillance systems and the newer smart home technologies have increased the implementation of wireless security cameras. Additionally, their appeal to consumers in the residential market is complimented by the use of IoT, AI-powered motion sensors, and cloud data storage. The widespread use of solar energy, together with improvements in battery life, has also boosted the adoption of scalable and flexible residential security solutions.   
  

Based on Resolution, the smart home security camera market is segmented into HD (720p), Full HD (1080p), 2K and 4K & Above.

• The Full HD (1080p) market accounting for a significant market share of 26.2% in 2024. The full HD (1080p) cameras are the preferred option for large properties, commercial spaces, as well as for critical security applications due to its uninterrupted connectivity, and favorable power supply requirements. This type of camera also integrates with Network video recorders (NVRs) and centralized monitoring systems which makes them more desirable for comprehensive security coverage.
  
• The 4K & above is expected to grow rapidly at a CAGR of 10.1% during the forecast period. The 4K & above cameras are simple to install and has ability to be accessed remotely via phones and the internet. The increasing popularity of smart homes along with simple DIY security systems has greatly increased this market. The performance with wireless cameras has increased along with the advances in Wi-Fi, Bluetooth, and AI powered analytics. There is also an increase in appeal for these cameras due to the change towards battery and solar powered options especially for rental and outdoor properties where permanent wiring is not an option.
  

Based on connectivity, Wi-Fi, Bluetooth, ZigBee, and others.

• The Wi-Fi segment dominated the market accounting for USD 1.8 billion in 2024. The adoption of Wi-Fi connected smart home security camera market is rising due to its ease of installation, and integration with existing home networks. Remote supervision, cloud storage, and smartphone-controlled security services constantly increase wi-fi camera sales. Moreover, the reliability of these cameras is improving with the adoption of mesh and dual-band Wi-Fi technology and the connectivity issues along with the lag time decreases.
  
• The ZigBee segment is expected to grow rapidly at a CAGR of 11.6% during the forecast period. Zigbee-enabled smart security cameras are becoming more popular because of their low power consumption, secure communication, and interoperability across multiple smart home devices. IoT-based security ecosystems are becoming increasingly adopted, driving the demand for these cameras in smart hubs and automated security networks. Zigbee can create a dedicated low-latency mesh network that removes congestion and further increasing the reliability of smart home setups. The growing need and acceptance of energy efficient, and encrypted home security solutions is boosting the growth of Zigbee-based market.
  

Based on power source, the smart home security camera market is segmented into battery-powered cameras, plug-in power cameras and solar-powered cameras.

• The battery-powered cameras segment dominated the market accounting for USD 3.3 billion in 2024. The demand for battery-powered smart home security cameras is increasing in indoor, and outdoor applications. Their reliability and lifespan have been improved due to advances in solar recharging options, efficient AI-driven energy processing, and lithium-ion battery technology. The adoption of portable DIY-friendly security solutions continues to aid in meeting the demand.
  
• The plug-in power cameras are expected to grow rapidly at a CAGR of 8.3% during the forecast period. The adoption of plug-in power smart home security camera is increasing, due to the unparalleled performance capabilities associated with a constant power supply, as well as support for additional advanced features such as AI analytics and recording 24/7. These cameras can be installed in sensitive locations that require constant monitoring without any requirements for charging.
  

Based on Application, the smart home security camera market is segmented into indoor security and outdoor security.

• The indoor security segment is expected to grow rapidly at a CAGR of 10.4% during the forecast period. The smart indoor camera systems serve the consumer market and businesses on the basis of their widespread need for monitoring and surveillance. The growing need for baby and pet monitors, as well as elderly care solutions, has further intensified their sales. The growing integration of AI-enabled motion detection, facial recognition, and cloud storage makes them more appealing to homeowners. Moreover, the use of smart home ecosystems and voice assistants such as Amazon Alexa, Google Assistant, and Apple HomeKit continues to increase the camera demand for indoor security.
  
• The outdoor security dominated the market accounting for USD 4.05 billion in 2024. The demand for cameras is increasing for outdoor security, due to rising delivered goods thefts, burglaries, and property vandalism. The smart home security cameras are equipped with night vision, wireless transmission, and protection of the camera against weather elements. Homeowners and business owners are fond of these features along with motion sensors, flood lights, two-way audio, AI-enabled threat recognition, and smart doorbell cameras.
  

Based on distribution channel, the smart home security camera market is segmented into online sales, supermarkets/hypermarkets, specialty stores and electronics stores.

• The online sales segment dominated the market accounting for USD 3 billion in 2024. E-commerce stores such as Amazon, Best Buy, and Walmart attract consumers due to the growing adoption of technology, cheaper prices, more variety, and easy price comparisons. The rise of DTC brands, along with same-day delivery, further supports the use of online sales as the main form of distribution.
  
• The specialty stores are expected to grow rapidly at a CAGR of 7% during the forecast period. The increasing popularity of smart security cameras is driving customers toward niche retailers that offer tailored assistance, product displays, and competent help. Retailers, like ADT and Vivint, or local smart home-centric stores that specialize in home automation and security are offering custom design and installation services which are attracting consumers. The rising demand for integrated smart homes and personalized security setups is increasing the influx of customers to retail stores.
  

The U.S. smart home security camera market is projected to grow significantly, reaching over USD 4.3 billion by 2034. The need for smart home security cameras is rising in the U.S., due to increasing crime rates, and growing interest from consumers in connected security technology drives the growth of the United States market. The permanent competition from Ring, Arlo, Google Nest, and Wyze ensures continuous improvement due to their increasing price and product discrimination strategy. Growing concern related to burglaries, vandalism, and home invasion is driving the demand for more advanced surveillance systems. In addition, the more profound integration of smart homes with automation and larger subsidization from insurance companies, also advanced the growth of the market.

Germany smart home security camera market is set to grow significantly, with projections indicating it will exceed USD 700 million by 2034. Increased awareness of smart home adoption and stricter policies concerning home security are driving the Germany market. The growing preference for privacy-oriented services has increased the demand for security camera systems that are stored and encrypted locally. Germany is also served by established home automation brands such as Bosch and Homematic which increases market growth.

China smart home security camera market is expected to dominate the Asia Pacific landscape, accounting for over 48.8% of the market share in 2024. The smart home security camera industry in China is growing due to rapid urbanization, increasing disposable income, and government-supported smart city initiatives. The adoption of sophisticated security solutions is aided by the local tech giants Xiaomi, Hikvision Inc, and Dahua Technology Co Ltd, which, in turn, facilitate the growth of ecommerce in China. In addition, the rising demand for reasonably priced but advanced home security systems has been propelling market growth in China’s rural and urban regions.

Japan smart home security camera market is poised for significant growth, projected to reach USD 500 million by 2034. Japan’s market is driven by the elderly population, strong technology growth, and a high emphasis on safety at home. High-tech, compact, and AI-integrated security cameras that can easily connect to other smart devices in the home are in great demand. In addition, the increasing popularity of automated homes and robotic security systems is changing the face of home security systems. Also, government policies encouraging to integrate the smart cameras in buildings to enhance home security systems.

South Korea smart home security camera market is accounting for USD 200 million in 2024. South Korean market is driven by government-funded smart city projects and robust 5G coverage. The presence of leading technology companies such as Samsung, LG, and Hanwha Techwin guarantee the active development and smooth adoption of IoT and AI-based security systems. Furthermore, the growing number of attached IoT-enabled multifunctional security cameras is capturing the attention of tech-savvy consumers. Moreover, the rising crimes and concerns about apartment security, increased the need for sophisticated home surveillance systems.

Smart Home Security Camera Market Share

The smart home security camera industry is highly competitive. ADT Inc., Vivint Smart Home, and Ring are the top 3 companies accounting for a significant share of 55.2% in the market.  The market for smart home security cameras is very competitive, where different companies are trying to outperform by developing new technologies, reducing product costs, and moving into new markets. Competition is growing due to the enhanced adoption of AI analytics, edge computing, and IoT-based security solutions where companies compete to provide more intelligent, integrated, and reliable security systems for residential users. The rise in demand for cloud storage, facial recognition, and voice-activated digital assistants are also important factors driving innovation within the industry.

Companies are developing AI-enabled motion detection systems while investing in 4K resolution cameras and other low-power, high-efficiency security devices. Moreover, the future of home security is being shaped by the growing need for low-energy wireless cameras and solar-powered systems that are energy-efficient and eco-friendly.

In order to improve their technological base and expand their market presence, these companies are actively engaging in strategic partnerships, joint ventures, and acquisitions. Cooperation with companies involved in home automation, as well as providers of cloud services and chipset manufacturers are providing the opportunity to build low-cost and high-quality security systems. To increase the availability and adoption of smart home security cameras, companies are also collaborating with retail and online shopping stores.

Smart Home Security Camera Market Companies

List of prominent players operating in the smart home security camera industry include:

• SimpliSafe
• Lorex
• Ring
• Vivint Smart Home
• ADT Inc.
  

SimpliSafe is a U.S. owned company that specializes in home security and is well known for its self-installed smart home security systems that come with professional supervision but are not bound to long-term contracts. The firm provides wireless protection that a homeowner can easily implement as well as integrate into a smart home ecosystem, which makes it a desirable candidate among customers looking for cheap and effective security solutions. In October 2024, SimpliSafe debuted their groundbreaking smart home security product, SimpliSafe active guard outdoor protection, which provides advanced home monitoring services. With this innovation, professional monitoring goes beyond the customer’s home and adds another layer of protection combined with SimpliSafe’s powerful AI and security agents that work in real time to stop intruders.

Lorex Technology is a Canada-based company and specialist in the AI-enabled security, and video analytics. The company offers intelligent security cameras, notably in the field of surveillance, and it has a reputation for creating advanced protective technologies for domestic and commercial customers, stressing innovation and interconnectivity. In October 2024, Lorex Technology has announced to launch 2K dual lens indoor pan-tilt security camera, a device that has both indoor and outdoor capabilities.

Smart Home Security Camera Industry News

• In September 2022, Lorex Technology launched the Lorex 4K Spotlight Indoor/Outdoor Wi-Fi Security Camera with Smart Security Lighting, an addition to their line of industry-leading smart security devices.
  
• In February 2021, Ring expanded its suite of innovative home security and surveillance devices and appliances that continuously guarantee a safe living environment. With the incorporation of robotics, connectivity, and computer vision.
  

The smart home security camera market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Million) from 2021 – 2034 for the following segments:

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Market, By Product Type

• Wired Security Cameras
• Wireless Security Cameras

Market, By Resolution

• HD (720p)
• Full HD (1080p)
• 2K
• 4K & Above

Market, By Connectivity

• Wi-Fi
• Bluetooth
• Zigbee
• Others

Market, By Power Source

• Battery-Powered Cameras
• Plug-in Power Cameras
• Solar-Powered Cameras

Market, By Application

• Indoor Security
• Outdoor Security

Market, By Distribution Channel

• Online Sales
  • E-commerce Platforms
  • Brand Websites 
• Supermarkets/Hypermarkets
• Specialty Stores
• Electronics Stores

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy 
• Asia Pacific 
  • China
  • India
  • Japan
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico 
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa