The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the burglar alarm systems market further?
The increasing popularity of smart homes is expected to propel the growth of the burglar alarm system market going forward. Smart homes are residences equipped with interconnected devices and systems that can be remotely controlled and automated, enhancing convenience, energy efficiency, and security for occupants. In smart homes, integrated burglar alarm systems offer remote monitoring, alerts, and automation for enhanced security and convenience, using smart sensors, cameras, and mobile apps. For instance, in September 2022, according to Data Conomy, a Germany-based portal for news, events, and expert opinion from the world of data-driven technology, by the end of June 2022, there were 17.1 connected gadgets and smart home appliances per home on average around the world, a 10% increase over the previous year at the same period. Therefore, the increasing popularity of smart homes will drive the growth of the burglar alarm system market.
Burglar Alarm Systems Market Driver: Elevated Crime Rates Fueling Demand For Burglar Alarm Systems
The rising crime rates are expected to propel the growth of the burglar alarm system market going forward. Crime rates refer to statistical measures that quantify the frequency and prevalence of criminal activities, typically within a specific geographic area or over a particular period of time. Burglar alarm systems are used to deter and combat crime by detecting unauthorized entry and triggering alerts, prompting a rapid response from authorities or property owners, ultimately reducing the likelihood of successful burglaries and thefts. For instance, in July 2023, according to the Office for National Statistics, a UK-based government department, in England and wales there were 191,490 home burglaries reached recorded in 2023 and 37,466 burglaries reported to police in London. Therefore, the rising crime rates are driving the growth of the burglar alarm system market.
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What are the key factors influencing the forecasted market size of the burglar alarm systems industry?
The burglar alarm systems market size has grown strongly in recent years. It will grow from $5.9 billion in 2024 to $6.44 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to rising crime rates, home and property protection, insurance premium reductions, urbanization and population growth, government initiatives for public safety.
The burglar alarm systems market size is expected to see strong growth in the next few years. It will grow to $8.84 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to integration with artificial intelligence, cloud-based security solutions, smart city initiatives, biometric authentication, energy-efficient and eco-friendly solutions. Major trends in the forecast period include mobile app innovations, technological integration, advancements in sensor technology, smart home integration, integration with video surveillance.
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Who are the leading competitors in the burglar alarm systems market?
Major companies operating in the burglar alarm systems market report are Siemens AG, Panasonic Corporation, Honeywell International Inc., Johnson Controls International PLC, Adobe Inc., ASSA ABLOY AB, Hangzhou Hikvision Digital Technology Co. Ltd., Securitas AB, ADT Inc., Brinks Home, Vivint Smart Homes Inc., Axis Communications AB, Alarm.com, UTC Fire & Security, SimpliSafe Inc., Ring Inc., Napco Security Technologies Inc., Risco Group, Guardian Protection Services Inc., Banham Group, Frontpoint Security Solutions LLC, Inovonics Wireless Corporation, Interlogix, Eufy, Active Total Security Systems
Which emerging trends are set to transform the burglar alarm systems market landscape?
Major companies in the burglar alarm systems market prioritize innovative features such as smart arming to boost user security and convenience through remote control and gain a competitive advantage. Smart Arming is a feature that can intelligently auto-arm and disarm based on user activity. For instance, in December 2022, Alarm.com, a US-based provider of home smart alarm security systems, launched the smart arming feature. The function allows customers to select the times of day when they want their system to arm and disarm. If the system senses activity or motion outside of these hours (e.g., an early riser wanders downstairs ahead of schedule), it immediately disarms.
How do different geographies compare in terms of market share and growth potential in the burglar alarm systems market?
North America was the largest region in the burglar alarm system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the burglar alarm systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the burglar alarm systems market are experiencing the fastest growth?
The burglar alarm systems market covered in this report is segmented –
1) By Type: Wireless Burglar Alarm Systems, Wired Burglar Alarm Systems
2) By Component, Hardware, Software, Services
3) By Application, Commercial And Industrial Applications, Residential Applications
Subsegments:
1) By Wireless Burglar Alarm Systems: Wi-Fi-Based Wireless Systems, GSM-based Wireless Systems, Bluetooth-Enabled Wireless Systems
2) By Wired Burglar Alarm Systems: Analog Wired Systems, Digital Wired Systems, Hybrid Wired Systems
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How is the burglar alarm systems market defined?
A burglar alarm system is a network of electronic devices designed to detect unauthorized entry into a property and to alert the authorities or the property owner. They are used for deterring crime and protecting property to prompt a rapid response from authorities or property owners
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