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Burglar Alarm Trends and Forecast
The future of the global burglar alarm market looks promising with opportunities in the commercial & industrial and residential markets. The global burglar alarm market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increasing security concerns, growing adoption of smart homes, and significantly expanding real esate sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Burglar Alarm by Segment
The study includes a forecast for the global burglar alarm by component, type, application, and region.
Burglar Alarm Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Burglar Alarm Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Wireless
• Wired
Burglar Alarm Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial & Industrial
• Residential
Burglar Alarm Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Burglar Alarm Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies burglar alarm companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the burglar alarm companies profiled in this report include-
• ADT
• ASSA ABLOY
• Banham
• Hangzhou Hikvision Digital Technology
• Honeywell International
• Inovonics Wireless
• Johnson Controls
Burglar Alarm Market Insights
Lucintel forecasts that hardware will remain largest segment over the forecast period due to high growth of sensors.
Within this market, commercial & industrial is expected to witness higher growth due to rising crime rates and growing cases of burglary in the commercial properties.
North America will remain the largest over the forecast period due to presence of key players and their expansion through merger and acquisition in the US and Canada.
Features of the Global Burglar Alarm Market
Market Size Estimates: Burglar alarm market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Burglar alarm market size by component, type, application, and region in terms of value ($B).
Regional Analysis: Burglar alarm market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, types, applications, and regions for the burglar alarm market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the burglar alarm market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the burglar alarm market size?
Answer: The global burglar alarm market is expected to reach an estimated $6.8 billion by 2030.
Q2. What is the growth forecast for burglar alarm market?
Answer: The global burglar alarm market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the burglar alarm market?
Answer: The major drivers for this market are increasing security concerns, growing adoption of smart homes, and significantly expanding real esate sector.
Q4. What are the major segments for burglar alarm market?
Answer: The future of the burglar alarm market looks promising with opportunities in the commercial & industrial and residential markets.
Q5. Who are the key burglar alarm market companies?
Answer: Some of the key burglar alarm companies are as follows:
• ADT
• ASSA ABLOY
• Banham
• Hangzhou Hikvision Digital Technology
• Honeywell International
• Inovonics Wireless
• Johnson Controls
Q6. Which burglar alarm market segment will be the largest in future?
Answer: Lucintel forecasts that hardware will remain largest segment over the forecast period due to high growth of sensors.
Q7. In burglar alarm market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest over the forecast period due to presence of key players and their expansion through merger and acquisition in the US and Canada.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the burglar alarm market by component (hardware, software, and services), type (wireless and wired), application (commercial & industrial and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Burglar Alarm Market, Burglar Alarm Market Size, Burglar Alarm Market Growth, Burglar Alarm Market Analysis, Burglar Alarm Market Report, Burglar Alarm Market Share, Burglar Alarm Market Trends, Burglar Alarm Market Forecast, Burglar Alarm Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Burglar Alarm Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Burglar Alarm Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Burglar Alarm Market by Component
3.3.1: Hardware
3.3.2: Software
3.3.3: Services
3.4: Global Burglar Alarm Market by Type
3.4.1: Wireless
3.4.2: Wired
3.5: Global Burglar Alarm Market by Application
3.5.1: Commercial & Industrial
3.5.2: Residential
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Burglar Alarm Market by Region
4.2: North American Burglar Alarm Market
4.2.2: North American Burglar Alarm Market by Application: Commercial & Industrial and Residential
4.3: European Burglar Alarm Market
4.3.1: European Burglar Alarm Market by Component: Hardware, Software, and Services
4.3.2: European Burglar Alarm Market by Application: Commercial & Industrial and Residential
4.4: APAC Burglar Alarm Market
4.4.1: APAC Burglar Alarm Market by Component: Hardware, Software, and Services
4.4.2: APAC Burglar Alarm Market by Application: Commercial & Industrial and Residential
4.5: ROW Burglar Alarm Market
4.5.1: ROW Burglar Alarm Market by Component: Hardware, Software, and Services
4.5.2: ROW Burglar Alarm Market by Application: Commercial & Industrial and Residential
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Burglar Alarm Market by Component
6.1.2: Growth Opportunities for the Global Burglar Alarm Market by Type
6.1.3: Growth Opportunities for the Global Burglar Alarm Market by Application
6.1.4: Growth Opportunities for the Global Burglar Alarm Market by Region
6.2: Emerging Trends in the Global Burglar Alarm Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Burglar Alarm Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Burglar Alarm Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ADT
7.2: ASSA ABLOY
7.3: Banham
7.4: Hangzhou Hikvision Digital Technology
7.5: Honeywell International
7.6: Inovonics Wireless
7.7: Johnson Controls
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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