Burglar Alarm Market Insights
In 2022, the Burglar Alarms Market size was estimated at USD 4,079.4 million. The burglar alarm market is anticipated to increase from USD 4,183.6 million in 2023 to USD 9,985.5 million by 2032, with a compound annual growth rate (CAGR) of 9.8% over the forecast period (2023-2032). The growing popularity of smart houses and appealing insurance policies for installing security systems are some of the factors propelling the growth of the burglar alarm industry.
Wireless communication is becoming more commonplace every day. In response, users have started using their mobile phones to remotely operate household appliances and receive SMS notifications from the alarm system regarding the safety and security of their homes.
Due to technological improvements, end customers can now remotely operate various home appliances through text messaging and remotely check on the safety and security of their houses. Since there is no need for a wired connection between the switch and any household appliance, this controller is very helpful in locations where the user wants to control the ON and OFF switching of devices. As a result, the microcontroller would manage the home appliances in accordance with the data it gathered and transmit alerts in the event of a fire, gas leak, or security breach. An user-friendly, safe, and reliable approach is provided by an android application that enables consumers to manage the suggested solution from their smartphones.
A message will be sent to the home owner's mobile phone by a home automation and security system using GSM and Android applications whenever someone tries to enter the home, alerting him to the presence of someone inside so he can take precautions to stop the burglar from entering the home. Users of this system can also utilise an alarm to keep their homes safe from intruders while they are gone. Every time someone tries to enter the house, an alarm will sound, and the owner will receive a notification on his mobile if any other persons try to do the same. Additionally, this device is used to show on an LCD screen how many individuals are entering the residence.
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Key Companies in the Burglar Alarm market include
· ADT Inc
· Securitas AB
· Hangzhou Hikvision Digital Technology Co. Ltd
· Vivint Smart Homes Inc
· Johnson Controls
· Banham Group
· Godrej & Boyce Manufacturing Co. Ltd
· Inovonics Wireless Corporation
· Napco Security Technologies Inc
· Ring, Adobe Systems Inc
· Frontpoint Security
· Brinks Home
· Simplisafe Inc.
· Risco Group
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Burglar Alarm Market Segmentation
The Burglar Alarm Market is divided into three categories based on System & Hardware: Remote Terminal Unit, Alarm Sensors, and Central Monitoring Receiver. In 2021, the Alarm Sensors market category accounted for the most market share by solution, and it is anticipated that it would continue to dominate in the coming years.
The burglar alarm market is divided into residential and small and medium enterprises (SME) based on end user. In terms of market share by solution, the Residential sector accounted for the largest portion in 2021 and is probably going to continue to rule in the coming years.
North America, Europe, Asia-Pacific, the Middle East & Africa, and South America are the regions into which the study divides the market. With a 34% market share in 2021, North America dominated the burglar alarm market.
In terms of infrastructure, economy, and technology, North America is one of the most developed continents in the world. The region has been further segmented for this study into the US, Canada, and Mexico. The North American burglar alarm market is expanding as a result of the rising need for security premises and infrastructure inside businesses, workplaces, and households. Furthermore, North America has several chances for considerable growth throughout the projected period due to the region's existing infrastructure and the presence of the major players who collaborate closely with the important standard-setting organisations and trade organisations in the safety industry. The major industry companies are continually releasing more affordable, effective, and cutting-edge burglar alarm products on the market.
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Over half of the 2.5 million burglaries reported each year in the US are home invasions, according to data from the US Department of Justice. The four main categories of burglaries include total burglary, forced entry, unlawful entry without force, and attempted forcible entry, according to detailed research of crime statistics.
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