Global Burglar Alarm Market to Reach USD 6,877.60 Million by 2030 | CAGR of 6.7%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Burglar Alarm Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Global Burglar Alarm Market size was valued at USD 4,193.02 million in 2022 and is projected to register a CAGR of 6.7%, reaching USD 6,877.60 million by 2030. A burglar alarm is a security system designed to detect unauthorized entry and protect properties. It typically consists of motion detectors, door/window contacts, and glass-break sensors, which trigger alerts to occupants and security centers.
The report comprises the Burglar Alarm Market Share, Size & Industry Analysis, By Component (Hardware, Software, and Service), By Type (Wired and Wireless), By Sales Channel (Offline and Online), By End-User (Residential, Commercial, and Industrial), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Burglar Alarm Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing crime rates and the rising adoption of advanced burglar alarms in residential and commercial settings are major drivers of market growth. Additionally, the integration of smart technologies offers significant growth opportunities.
Segmental Analysis :
Based on Component, the market is divided into hardware, software, and service.
- The hardware segment accounted for the largest market share in 2022, driven by its standalone security solutions and deterrent effect with visible security equipment.
- The service segment is expected to grow fastest, with increasing demand for features like remote monitoring and video surveillance.
Based on Type, the market is bifurcated into wired and wireless.
- Wired alarms dominated in 2022 due to their reliable connections in larger properties, ensuring consistent signal quality.
- Wireless alarms are projected to witness the fastest growth, driven by flexibility in installation and integration with smart home devices.
Based on Sales Channel, the market includes offline and online segments.
- Offline sales channels led the market in 2022, attributed to personal assistance in stores and trust in established brands.
- Online channels are expected to grow fastest, with convenience, variety, and competitive pricing on e-commerce platforms.
Based on End-User, the market is segmented into residential, commercial, and industrial.
- Residential held the largest market share in 2022, as homeowners increasingly adopt alarms for protection against intruders.
- The industrial sector is projected to grow fastest due to increasing security concerns in facilities like warehouses and factories.
Based on regions, the global market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- North America held the largest market share in 2022, driven by the high incidence of property crimes and adoption of advanced security solutions.
- Asia-Pacific is anticipated to grow at the fastest CAGR, with expanding smart city projects and increased security needs in residential and commercial spaces.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 6,877.60 Million |
| CAGR (2023-2030) | 6.7% |
| By Component | Hardware, Software, and Service |
| By Type | Wired and Wireless |
| By Sales Channel | Offline and Online |
| By End-User | Residential, Commercial, and Industrial |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Burglar Alarm Industry:
- Aeon Systems, Inc.
- Banham Group
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International Inc.
- Aritech (Carrier Global Corporation)
- Johnson Controls (ADT)
- Napco Security Technologies, Inc.
- Securitas AB
- Security Focus
- Siemens AG
Recent Industry Developments :
- April 2023: Aritech, a subsidiary of Carrier Global Corporation, introduced a dual-motion detection technology to minimize false alarms and electrical interference.
- July 2021: Securitas AB acquired Tepe Güvenlik A.S., expanding its security solutions and alarm monitoring services..
