Market Share of APAC Home Security System Industry
The Asia-Pacific Home Security System Market is competitive and consists of several partakers like Honeywell International Inc, Assa Abloy, Bosch Limited, Ring LLC, Secom co. Ltd., Allegion plc, Hangzhou Hikvision Digital Technology Co., Ltd, Johnson Controls, Schneider Electric, and many more. The companies are increasing their market share by forming multiple partnerships, investing in smart home projects, and launching new products in the market.
- December 2021 - Honeywell acquired US Digital Designs, Inc. The acquisition aimed to expand the company's line of solutions for public safety communications and integrate into Honeywell's Fire and Connected Life Safety systems business. Honeywell company is integrating intelligence throughout the fire alarm transmission process from the fire panel to the first responders and providing uninterrupted communications to first responders.
- December 2021 - Japanese security service provider Secom Co. has acquired firms in Malaysia and Singapore to extend its reach into Southeast Asia. Secom bought all shares of Kuala Lumpur-based ADT Services (M) Sdn. Bhd. in September and those of Singapore-based ADT Integrated Security Solutions Pte. Ltd. in October, both subsidiaries of Johnson Controls International PLC of Ireland. The two businesses offer security systems mainly for homes and small and midsize companies.
APAC Home Security System Market Leaders
Honeywell International Inc.
Hangzhou Hikvision Digital Technology Co., Ltd
Bosch Security Systems GmbH
Johnson Controls
Schneider Electric
*Disclaimer: Major Players sorted in no particular order
