Burglar Alarm Industry- Size – Insights Market Application Scope, Key Players, Growth Overview and Forecast by 2027
Burglar Alarm Industry- Size
The global Burglar Alarm Industry is predicted to touch USD 4.9 billion at a 5.8% CAGR between 2018- 2023 forecast period, as per the recent Market Research Future (MRFR) analysis. Burglar alarms, simply put, are devices that have been specially designed for enforcing and safeguarding the security.
of industrial properties and homes. This can help in detecting unwanted intrusion/trespassing of personnel & prevent theft. Alarm sensor, remote terminal unit, and central monitoring receiver are its different types of system and hardware. Owing to its alluring features and plentiful benefits, burglar alarms have wide applications in residential and small & medium enterprises. Various factors are propelling the global burglar alarm market growth. According to the latest MRFR report, such factors include the growing popularity of smart homes, increasing use of smart devices and smartphones, and policy discounts to install security alarms. Additional factors adding market growth include rising security concerns and increasing disposable income. On the contrary, high installation & implementation cost, false alarms and the impact of the current COVID-19 pandemic may limit the global burglar alarm market growth over the forecast period.
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Eminent players profiled in the global burglar alarm market report include Johnson Controls (U.S.), Aeon Systems Inc. (U.S.), Siemens AG (Germany), Securitas AB (Sweden), Napco Security Technologies (U.S.), Banham Group (U.K.), Assa Abloy Group (Sweden), Inovonics Wireless Corporation (U.S.), RISCO Group (U.K.), Interlogix (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Honeywell International Inc. (U.S.), and ADT LLC dba ADT Security Services (U.S.), among others. Industry players have incorporated strategies such as new product launches, joint ventures and collaborations, extensive R&D, and others.
The MRFR burglar alarm project report provides an inclusive segmental analysis of the global burglar alarm market based on end user and system & amp; hardware.
By system and hardware, the global burglar alarm system market is segmented into alarm sensor, remote terminal unit, and central monitoring receiver. The alarm sensor segment is again segmented into door/window sensors and motion detector sensors. This segment will lead the market over the forecast period for the wide use of burglar alarms in commercial, military, industrial, and residential complexes. It is likely to develop at a 6.8% CAGR.
By end user, the global burglar system market is segmented into residential and small & medium enterprises. Of these, the residential segment will dominate the market over the forecast period for the increasing security concerns following the rise in crime rates.
Based on the region, the global burglar alarm market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW).
Of these, North America will lead the market over the forecast period. Surging need in industrial and residential buildings, technological advances, strict government policies, focus on critical infrastructure protection, and the use of high-security technology to protect valuable data is adding to the global burglar alarm system market growth in the region.
The global burglar alarm market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing use in infrastructural projects coupled with the urgency of economies like China & India to establish themselves on the global platform via building smart cities & being an immensely safe place for tourism is adding to the global burglar alarm market growth in the region. It is predicted to grow at a 7.8% CAGR.
The global burglar alarm market in Europe is anticipated to have healthy growth during the forecast period, and the market in the MEA is predicted to have sound growth over the forecast period.
The global Burglar Alarm Project Report Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Burglar Alarm Project Report Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Burglar Alarm Project Report Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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