Smart Home Security Sensor Market to Reach $1.6 Billion |
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The demand for smart home security sensors is on a steady rise, with projected revenues increasing from $1.1 billion in 2023 to $1.6 billion by 2028. This growth is detailed in the latest research study by ON World, a leading provider of IoT market research and business intelligence, highlighting the expanding market for smart motion sensors, contact sensors, smoke/CO detectors, and water leak/flood sensors within the smart home sector. The findings stem from ON World's comprehensive survey of 1,500 online adults in the United States and Canada. Participants are either current users of smart home technologies or have expressed interest in future purchases, offering a window into the prevailing trends and preferences among North American consumers. Current Ownership and Future Intentions Owned Smart Home Security Sensor Products: Ownership rates among respondents are 21% for smart motion sensors, 15% for smart smoke/CO detectors, 13.5% for smart contact sensors, and 8% for smart water leak sensors. Future Plans: On average, respondents plan to add 2.1 smart home security sensor products to their homes in the next two years, with 28% opting for smart motion sensors, 23% for smart smoke/CO detectors, 18% for smart contact sensors, and 13% for smart water leak sensors. This surge in interest and planned purchases underscores the growing consumer awareness and reliance on smart home security sensors as essential components of home safety and security systems. For more detailed information on ON World's research on smart door locks and other smart home technologies, visit ON World's website or contact us at: About ON World: Back to News
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