Global Burglar Alarm Market Segmentation, By System and Hardware (Central Monitoring Receiver, Remote Terminal Unit, Alarm Sensors, Motion Detector Sensors, Door/Window Sensors), End User (Small and Medium Enterprises, Residential) - Industry Trends and Forecast to 2031.
Burglar Alarm Market Analysis
Today, alarm monitoring systems play a crucial role in various enterprises and residential sectors across the globe. These systems effectively informs service providers regarding fire, burglar, and medical emergency in home through communication between home security system and security service providers.
Burglar Alarm Market Size
Global Burglar Alarm Market size was valued at USD 4.53 billion in 2023 and is projected to reach USD 7.56 billion by 2031, with a CAGR of 6.60% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes
|
Burglar Alarm Key Market Insights
|
|
Segmentation
|
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Key Market Players
|
Inovonics Wireless Corporation (US), Siemens (Germany), AEON SYSTEMS, INC. (US), Bosch Sicherheitssysteme GmbH (Germany), Tyco Integrated Security (US), Security Focus (Sri Lanka), Hanchett Entry Systems, Inc. (US), Johnson Controls (Ireland), , Napco Security Technologies, Inc. (US), Securitas AB (Sweden), ATSS Technology Solutions Provider (India), Collins Aerospace (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Qifayath Enterprises (India), Honeywell International Inc. (US), ADT (US), Banham Group (UK) and RISCO Group (Israel), among others
|
|
Market Opportunities
|
|
Burglar Alarm Market Definition
Burglar alarm is a type of standard equipment which is used in home security system. It is also used to present home security networks in residential and commercial activities. The burglar alarm is a type of electric circuit that is motorized by electrical and electronic devices. The burglar alarm contains closed circuit system and open circuit systems that are used to open and close the doors and windows. The burglar alarm is currently working on magnetic sensors that are used to sense the movements of manage box to proffer signals to the police department in security system.
Burglar Alarm Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase in Demand for Heightened Security
The increase in the demand for heightened security levels in industrial complexes, commercial buildings and residential complexes acts as one of the major factors driving the burglar alarm market. Also, surge in deployment of burglar alarm systems and advanced security systems has a positive impact on the market.
- Rise in Security Concerns
The rise in the security concerns among end users and surge in demand for detecting unwarranted intrusion of personnel and prevent theft accelerate the market growth. The high demand in telecommunication network and PSTN assist in the expansion of the market.
- Increase in Promotional Activities
The increase in the number of promotional activities to draw customers by offering various discounted insurance plans further influence market. The surge in collaborations among insurance companies to endorse their products among customers drives the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the burglar alarm market.
Opportunities
Furthermore, implementation of artificial intelligence (AI) and deep learning in home security systems extend profitable opportunities to the market players in the forecast period of 2024 to 2031. Also, proliferation of smart cities initiative will further expand the market.
Restraints/Challenges
On the other hand, high associated with the installation, maintenance, and operations are expected to obstruct market growth. Also, privacy of highly confidential information and concerns regarding system complexity are projected to challenge the burglar alarm market in the forecast period of 2024-2031.
This burglar alarm market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on burglar alarm market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Burglar Alarm Market
COVID-19 had a negative impact on the global burglar alarm market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for burglar alarm has increased to manage and ensure security across residential and commercial sectors in the post pandemic scenario.
Burglar Alarm Market Scope
The burglar alarm market is segmented on the basis of system and hardware, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
System and Hardware
- Central Monitoring Receiver
- Remote Terminal Unit
- Alarm Sensors
- Motion Detector Sensors
- Door/Window Sensors
End User
- Small and Medium Enterprises
- Residential
Burglar Alarm Market Regional Analysis
The burglar alarm market is analyzed and market size insights and trends are provided by country, system and hardware, and end user as referred above.
The countries covered in the burglar alarm market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the burglar alarm market because of the increase in the requirement from residential and commercial buildings within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2024 to 2031 because of the rise in security concerns as well as the escalating infrastructure development in emerging economies such as India and China within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Burglar Alarm Market Share
The burglar alarm market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to burglar alarm market.
Burglar Alarm Market Leaders Operating in the Market Are:
- Inovonics Wireless Corporation (US)
- Siemens (Germany)
- AEON SYSTEMS, INC. (US)
- Bosch Sicherheitssysteme GmbH (Germany)
- Tyco Integrated Security (US)
- Security Focus (Sri Lanka)
- Hanchett Entry Systems, Inc. (US)
- Johnson Controls (Ireland)
- Napco Security Technologies, Inc. (US)
- Securitas AB (Sweden)
- ATSS Technology Solutions Provider (India)
- Collins Aerospace (US)
- Hangzhou Hikvision Digital Technology Co., Ltd. (China)
- Qifayath Enterprises (India)
- Honeywell International Inc. (US)
- ADT (US)
- Banham Group (UK)
- RISCO Group (Israel)
Latest Developments in Burglar Alarm Market
- Resideo Technologies acquired First Alert, Inc., in April’2022 offering a comprehensive portfolio of detection and suppression devices, including carbon monoxide (CO) alarms, connected fire and CO devices, smoke alarms, combination alarms, and other suppression solutions.
- ASSA ABLOY announced an agreement for acquiring JOTEC Service & Vertriebsgesellschaft mbh, in March’2022. The aim of the acquisition is strengthening Assa Abloy's delivering in entrance automation.
SKU-