Burglar Alarm Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?