The report on the Global Burglar Alarm Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Pune, India - September 18, 2019 /MarketersMedia/ —
Overview
Market Research Future (MRFR), in their recent report, has suggested that the global burglar alarm market is expected to ascend at a steady pace, witnessing 5.8% CAGR between 2018-2023. Burglar alarms are specially designed to enforce and safeguard the security of homes and industrial properties. Burglar alarms are capable of detecting unwarranted intrusion or trespassing of personnel and prevent theft.
The global burglar alarm market is expected to accrue considerable growth over the forecast period, owing to a variety of factors. Rising popularity of smart homes and increasing adoption of smartphones and smart devices are some of the primary factors responsible for the fast-paced upscaling of the burglar alarm market. Further, smart burglar alarms are capable of sending notifications regarding intrusions on smartphones using mobile-based applications. These advanced features are anticipated to catapult the rate of adoption of burglar alarms.
Additionally, policy discounts for the installation of security systems are expected to attract consumers in the long run. However, the possibility of false alarms is posing as a hindrance in market growth over the forecast period.
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Market Segmentation
Segmentation of the burglar alarms market is carried out on the basis of system & hardware, end-user, and region. Based on system & hardware, the global burglar alarms market is studied for the segments of remote terminal unit, central monitoring receiver, and alarm sensor. The alarm sensor segment is further sub-segmented into motion detector sensors and door/window sensors. The alarm sensor segment is anticipated to rule the global burglar alarms market. It is predicted to showcase a 6.8% CAGR over the forecast period. Such growth is causative of the extensive usage of burglar alarms in residential, military, industrial, and commercial complexes.
Based on end-users, the global burglar alarms market has been segmented into residential, small & medium enterprises, and large enterprises. Among these, the residential segment is anticipated to dominate the market through the review period. Such an upsurge in the residential segment can be accredited to the rising security concerns and upscaling rates of crime.
Detailed Regional Analysis
The global Burglar Alarm Market is studied for the geographical segments of Europe, Asia Pacific (APAC), North America, and the Rest-of-the-World (RoW). North America is bound to witness a surge in the demand for burglar alarms owing to rising need from the residential and industrial buildings. Further, stringent government policies and fast developments in technology is anticipated to expedite the regional market growth over the review period. Further, mounting integration of advanced security technology to safeguard valuable and critical data is likely to drive the burglar alarms market in the region. Growing emphasis on critical infrastructure protection is another factor supplementing market growth through the assessment period.
Asia Pacific is anticipated to witness robust growth through the assessment period. Credits of regional growth go to a proliferation in the number of infrastructural projects undertaken in the region. Further, countries like China and India are witnessing skyrocketed elevation. These regions have also launched various initiatives to propel such development including smart cities and the building the nations in a safe manner to promote tourism. Within Asia Pacific, Japan was valued at USD 188.17 million at the beginning of the review period. Further, this region is expected to exhibit a significant CAGR of 7.8% during the conjecture period.
Key Players
ADT LLC dba ADT Security Services (U.S.), Honeywell International Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Interlogix (U.S.), RISCO Group (U.K.), Inovonics Wireless Corporation (U.S.), Assa Abloy Group (Sweden), Banham Group (U.K.), Napco Security Technologies (U.S.), Securitas AB (Sweden), Siemens AG (Germany), Aeon Systems Inc. (U.S.), and Johnson Controls (U.S.) are some of the key companies operating in the burglar alarm market.
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL BURGLAR ALARM MARKET, BY SYSTEM & HARDWARE, 2016-2023 (USD MILLION)
TABLE 4 GLOBAL BURGLAR ALARM MARKET, BY ALARM SENSORS, 2016-2023 (USD MILLION)
TABLE 5 GLOBAL BURGLAR ALARM MARKET, BYEND-USER, 2016-2023 (USD MILLION)
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LIST OF FIGURES
FIGURE 1 GLOBAL BURGLAR ALARM MARKET: MARKET STRUCTURE 16
FIGURE 2 RESEARCH PROCESS OF MRFR 18
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 4 DROC ANALYSIS OF GLOBAL BURGLAR ALARM MARKET 23
FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL BURGLAR ALARM MARKET 25
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Website: https://www.marketresearchfuture.com/reports/burglar-alarm-market-6364
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