The global Burglar Alarm Market 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.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.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6364
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 & 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.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/burglar-alarm-market-6364
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
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
+1 646 845 9312
Email: [email protected]