Published on: March 23, 2020
The burglar alarm market is expected to grow at a CAGR of 6.3% between 2022 and 2027, influenced by factors such as the growing adoption of smart homes and connected devices, the increase in demand for burglar alarms to monitor children, and the premiumization of burglar alarm systems. The COVID-19 pandemic has underscored the importance of home safety and security, leading to a surge in demand for alarm systems.
Types of security systems include such as wireless alarms, fire detection, and gas detection systems, catering to both residential and commercial applications. The integration of smart technology and mobile communication has transformed traditional alarm systems, enabling real-time alerts and remote monitoring through smartphones and handheld devices.
Key drivers for market growth include the increasing adoption of smart devices and connected homes, along with rising awareness of the importance of security alerts and emergency response systems. Security upgrades and enhancements, including smart sensors and security cameras, are driving demand for security solutions in both residential and commercial settings.
Emerging trends in the market include the integration of security protocols and surveillance technology, enabling seamless security monitoring and intrusion detection. Real-time alerts and security notifications are becoming standard features in modern alarm systems, providing households and businesses with peace of mind and improved safety monitoring capabilities.
Challenges in the market include disruptions in manufacturing output due to plant closures and staffing issues, impacting global supply chains and surveillance systems production. However, advancements in wireless communication and home automation technologies have facilitated the development of smart security solutions, enhancing home safety and security protocols.
North America is projected to account for 44% of the global market’s growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market. There is rapid adoption of burglar alarm systems in the North American market, driven by a high degree of product awareness. The region has a developed network infrastructure, which ensures seamless connectivity between video surveillance components. These factors are expected to drive the growth of the burglar alarm systems market in the region during the forecast period.
Technavio's burglar alarm industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our burglar alarm market reports include:
In order to provide you with a comprehensive view of the burglar alarm industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the burglar alarm market with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
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