Burglar Alarm Market (Updated Version Available)
Burglar Alarm Market Size, Share & Trends Analysis, By Type (Intruder Alarm System and Perimeter Alarm System), By End User (Residential, Commercial, and Industrial), By Region, Forecast Period-2023 - 2030.
Report ID : RI_673897 | Date : May 2023 |
Format : 
Key Market Overview:
The Burglar Alarm Market was valued at USD 4,175.02 Million in 2022, registering a CAGR of 7.10% during the forecast period (2023-2030), and the market is projected to be worth USD 7,082.08 Million by 2030.
Burglar alarm systems consist of a network of integrated electronic devices that function with a central control panel for protecting property against thefts and unauthorized entries and intruders. Burglar alarm systems include sensors and contacts capable of detecting movement or opening of windows and doors, which in turn generates a loud alarm to alert the owner of unauthorized entry. Burglar alarm systems also provide a high degree of accountability to its users and administrators. The aforementioned characteristics of burglar alarm systems are key determinants for increasing its adoption in residential, commercial, and industrial buildings.
The rising commercial construction and the growing need for enhanced security solutions are among the prime factors driving the adoption of burglar alarm systems. Additionally, the increasing prevalence of home theft and robbery along with the rising need for improved security in residential buildings are significant factors driving the market demand for burglar alarm systems.
In March 2023, Hikvision launched its new AX PRO series of wireless intrusion alarm systems. The AX Pro series includes secure wireless transmission technology for video images and alarms, remote video verification for detecting security breaches, and various wireless products that trigger alarms rapidly in an event of an intrusion. The system is ideal for residential and commercial applications. Therefore, the rising development of burglar alarm systems is further driving the growth of the market.
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Market Dynamics:
Driver:
Rising cases of theft and burglary in residential buildings is driving the market growth
Burglar alarm systems are installed in residential buildings for protecting residential property against thefts and other unauthorized intruders. Moreover, the installation of burglar alarm systems in residential buildings offers various benefits such as enhanced security, reduced risk of theft and robbery, and the ability to control multiple doors remotely. The aforementioned benefits of burglar alarm systems are further increasing its utilization in residential buildings.
Factors including rising residential construction, increasing incidence of theft and burglary, and the growing need for enhanced security in residential buildings are among the key factors driving the adoption of burglar alarm systems.
For instance, according to Forbes, over one million home burglaries occur on average in the United States every year. Similarly, according to the Federal Bureau of Investigation of United States data, residential property account for around 61% of all burglaries in the U.S. Hence, the rising incidence of theft and burglary in residential buildings is a prime factor fostering the utilization of burglar alarm systems in the residential sector for providing enhanced security solutions, thereby driving the growth of the market.
Restraint:
Limitations associated with the implementation of burglar alarm systems is restraining the market growth
The implementation of burglar alarm systems is associated with certain limitations and operational challenges, which is the prime factor restricting the growth of the market. For instance, burglar alarms are more prone to false alarms that involve the ringing of an alarm even when a known individual enters the restricted area. False alarms typically become more common as the sensor performance degrades and becomes highly sensitive to the slightest disturbances.
Moreover, burglar alarms are slightly expensive and require an initial investment, which includes equipment costs and additional installation costs. Further, burglar alarm systems, particularly wireless alarm systems are highly prone to being stolen as it is easier to disconnect in comparison to wired burglar alarm systems. Therefore, the above factors are restraining the growth of the market.
Market Segmentation:
By Types
The type segment is divided into intruder alarm system, perimeter alarm system.The intruder alarm system segment is anticipated to contribute the largest revenue share during the forecast period. An intrusion alarm system is a type of burglar alarm system that is capable of monitoring and detecting unauthorized access to a building. The main objective of an intrusion alarm system includes the protection of property from vandalism, burglary, property damage, and to increase the security of the individuals within the building. The implementation of intrusion alarm systems offers several benefits including faster intruder alert, safer working environment, and reduced risk of theft and robbery. Moreover, intrusion alarm systems offer higher flexibility and are ideal for deployment in residential, commercial, as well as industrial buildings.
Further, factors including the increasing incidence of theft and burglaries along with the rising need for enhanced security in residential, commercial, and industrial buildings are key factors driving the growth of the intrusion alarm system segment. For instance, according to the National Crime Records Bureau of India, the total reported cases of theft and burglaries against property reached 5,86,649 cases and 97,792 cases respectively in the year 2021. Thus, the rising incidence of theft and burglaries are further driving the adoption of intrusion alarm system for improved security, in turn driving the growth of the segment.
Additionally, the perimeter alarm segment is expected to grow steadily during the forecast period. Perimeter alarm systems play a crucial role in protecting the external perimeters of a facility and identifying access to restricted areas through the detection and monitoring of anomalies. Perimeter security systems employ physical and software technology systems in order to alert administrators about unauthorized intrusion and access, with the aim of safeguarding individuals, places, and property. Perimeter alarm systems are mainly deployed in critical industrial facilities, and high-risk infrastructures such as airports among others.
In April 2021, Heras, a European manufacturer of perimeter protection solutions, launched its next generation of perimeter security systems called GeoMic and GeoPoint systems. The systems are optimized to increase the efficacy of the existing perimeter protection fences and gate lines. GeoMic system checks for sounds produced from an intrusion attempt around the entire perimeter. The sounds are then converted into electrical signals and analyzed to generate an output alarm in case the signal meets the configured alarm criteria. Meanwhile, the GeoPoint system uses numerous sensors that are often distributed along the fence line to detect vibration and movement and generates an alarm in case of an intrusion. Thus, the rising development of advanced perimeter alarm systems is contributing to the growth of the segment.
Furthermore, factors including the rising critical infrastructure developments including airports, industrial facilities, and others, increasing crime rates, and the growing need for advanced perimeter security solutions are fostering the growth of the perimeter alarm segment.
By End User:
The end user segment is divided into residential, commercial, and industrial.
The commercial segment accounted for a substantial share in the burglar alarm market in 2022. Burglar alarm systems are mainly deployed in the commercial sector including offices, hospitals, retail stores, banking & financial institutions, and educational institutes among others for enhanced security. Moreover, burglar alarm systems aid in improving property security and convenience across offices, businesses, and other commercial properties while alerting individuals of unauthorized entry within the commercial property. The aforementioned characteristics of burglar alarm systems are increasing their utilization in the commercial sector.
Factors including the rising pace of urbanization, increasing development of commercial buildings, and growing need for enhanced security solutions in commercial spaces are among the vital factors driving growth of the commercial segment. For instance, according to CoreLogic Inc., the sales of commercial property in the U.S. witnessed a substantial growth in 2021. The sales of commercial properties including offices, retail, hotel, and others increased by 16% during the second quarter of 2021 as compared to 2019. Thus, the growing commercial sector is driving the utilization of burglar alarm systems in commercial buildings to offer improved security and alert the access of unauthorized individuals into commercial spaces, in turn driving the growth of the segment during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North American region is considered to contribute the largest revenue share in the year 2022. The adoption of burglar alarm systems in the North American region is primarily driven by its utilization in residential and commercial sectors including offices, educational institutes, and financial institutions among others. The utilization of burglar alarm systems in commercial buildings for efficient monitoring of individuals\' access to a building or certain areas of a property and for alerting the entry of intruders to ensure enhanced safety has been a prevailing factor for market growth in the region.
Additionally, the rising incidence of robberies and burglaries in the commercial sectors involving financial institutions is a significant factor fostering the market demand in the region. For instance, according to the 2021 Bank Crime Statistics Report, around 1,724 cases of robberies and 234 cases of burglaries in financial institutions such as commercial banks, mutual saving banks, credit unions, and others were recorded in the U.S. in 2021. Thus, the above factors are anticipated to boost the demand for burglar alarm systems in North America during the forecast period.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The rapid pace of urbanization and development in the Asia-Pacific region is creating lucrative opportunities for market growth in the region. Moreover, factors including the rise in residential and commercial construction are contributing to the market growth for burglar alarm systems in the region.
Additionally, the growing adoption of intruder alarm systems in the commercial sector for enhanced security is a significant factor driving the market growth in the region. For instance, in September 2021, the Indian Railways adopted the latest technological advancements in the field of security by deploying an infrared intruder alarm system to improve security within railway premises. Hence, the above factors are further proliferating the market growth in the Asia-Pacific region.
Burglar Alarm Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Burglar Alarm Market. Key players in the market include-
• Banham
• Johnson Controls
• Inovonics Wireless Corporation
• Hangzhou Hikvision Digital Technology Co. Ltd.
• ADT
• ASSA ABLOY
• Robert Bosch GmbH
• Honeywell International Inc.
• Securitas AB
• Siemens AG
• Risco Group
• Napco Security Technologies Inc.
Recent Developments
• In May 2022, Hikvision launched its new alarm system, AX Hybrid PRO. The alarm system is integrated with Hikvision Speed-X transmission technology and is designed for deployment in banks, offices, factories, and retail stores among others.
The Burglar Alarm Market was valued at USD 4,175.02 Million in 2022, registering a CAGR of 7.10% during the forecast period (2023-2030), and the market is projected to be worth USD 7,082.08 Million by 2030.
Burglar alarm systems consist of a network of integrated electronic devices that function with a central control panel for protecting property against thefts and unauthorized entries and intruders. Burglar alarm systems include sensors and contacts capable of detecting movement or opening of windows and doors, which in turn generates a loud alarm to alert the owner of unauthorized entry. Burglar alarm systems also provide a high degree of accountability to its users and administrators. The aforementioned characteristics of burglar alarm systems are key determinants for increasing its adoption in residential, commercial, and industrial buildings.
The rising commercial construction and the growing need for enhanced security solutions are among the prime factors driving the adoption of burglar alarm systems. Additionally, the increasing prevalence of home theft and robbery along with the rising need for improved security in residential buildings are significant factors driving the market demand for burglar alarm systems.
In March 2023, Hikvision launched its new AX PRO series of wireless intrusion alarm systems. The AX Pro series includes secure wireless transmission technology for video images and alarms, remote video verification for detecting security breaches, and various wireless products that trigger alarms rapidly in an event of an intrusion. The system is ideal for residential and commercial applications. Therefore, the rising development of burglar alarm systems is further driving the growth of the market.
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| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 7082.08 |
| CAGR (2023-2030) | 7.1% |
| Base Year | 2022 |
| By Type | Intruder Alarm System and Perimeter Alarm System |
| By End User | Residential, Commercial, and Industrial |
| By Geography |
|
| Key Players | Banham, Johnson Controls, Inovonics Wireless Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., ADT, ASSA ABLOY, Robert Bosch GmbH, Honeywell International Inc., Securitas AB, Siemens AG, Risco Group, and Napco Security Technologies Inc. |
Market Dynamics:
Driver:
Rising cases of theft and burglary in residential buildings is driving the market growth
Burglar alarm systems are installed in residential buildings for protecting residential property against thefts and other unauthorized intruders. Moreover, the installation of burglar alarm systems in residential buildings offers various benefits such as enhanced security, reduced risk of theft and robbery, and the ability to control multiple doors remotely. The aforementioned benefits of burglar alarm systems are further increasing its utilization in residential buildings.
Factors including rising residential construction, increasing incidence of theft and burglary, and the growing need for enhanced security in residential buildings are among the key factors driving the adoption of burglar alarm systems.
For instance, according to Forbes, over one million home burglaries occur on average in the United States every year. Similarly, according to the Federal Bureau of Investigation of United States data, residential property account for around 61% of all burglaries in the U.S. Hence, the rising incidence of theft and burglary in residential buildings is a prime factor fostering the utilization of burglar alarm systems in the residential sector for providing enhanced security solutions, thereby driving the growth of the market.
Restraint:
Limitations associated with the implementation of burglar alarm systems is restraining the market growth
The implementation of burglar alarm systems is associated with certain limitations and operational challenges, which is the prime factor restricting the growth of the market. For instance, burglar alarms are more prone to false alarms that involve the ringing of an alarm even when a known individual enters the restricted area. False alarms typically become more common as the sensor performance degrades and becomes highly sensitive to the slightest disturbances.
Moreover, burglar alarms are slightly expensive and require an initial investment, which includes equipment costs and additional installation costs. Further, burglar alarm systems, particularly wireless alarm systems are highly prone to being stolen as it is easier to disconnect in comparison to wired burglar alarm systems. Therefore, the above factors are restraining the growth of the market.
Market Segmentation:
By Types
The type segment is divided into intruder alarm system, perimeter alarm system.The intruder alarm system segment is anticipated to contribute the largest revenue share during the forecast period. An intrusion alarm system is a type of burglar alarm system that is capable of monitoring and detecting unauthorized access to a building. The main objective of an intrusion alarm system includes the protection of property from vandalism, burglary, property damage, and to increase the security of the individuals within the building. The implementation of intrusion alarm systems offers several benefits including faster intruder alert, safer working environment, and reduced risk of theft and robbery. Moreover, intrusion alarm systems offer higher flexibility and are ideal for deployment in residential, commercial, as well as industrial buildings.
Further, factors including the increasing incidence of theft and burglaries along with the rising need for enhanced security in residential, commercial, and industrial buildings are key factors driving the growth of the intrusion alarm system segment. For instance, according to the National Crime Records Bureau of India, the total reported cases of theft and burglaries against property reached 5,86,649 cases and 97,792 cases respectively in the year 2021. Thus, the rising incidence of theft and burglaries are further driving the adoption of intrusion alarm system for improved security, in turn driving the growth of the segment.
Additionally, the perimeter alarm segment is expected to grow steadily during the forecast period. Perimeter alarm systems play a crucial role in protecting the external perimeters of a facility and identifying access to restricted areas through the detection and monitoring of anomalies. Perimeter security systems employ physical and software technology systems in order to alert administrators about unauthorized intrusion and access, with the aim of safeguarding individuals, places, and property. Perimeter alarm systems are mainly deployed in critical industrial facilities, and high-risk infrastructures such as airports among others.
In April 2021, Heras, a European manufacturer of perimeter protection solutions, launched its next generation of perimeter security systems called GeoMic and GeoPoint systems. The systems are optimized to increase the efficacy of the existing perimeter protection fences and gate lines. GeoMic system checks for sounds produced from an intrusion attempt around the entire perimeter. The sounds are then converted into electrical signals and analyzed to generate an output alarm in case the signal meets the configured alarm criteria. Meanwhile, the GeoPoint system uses numerous sensors that are often distributed along the fence line to detect vibration and movement and generates an alarm in case of an intrusion. Thus, the rising development of advanced perimeter alarm systems is contributing to the growth of the segment.
Furthermore, factors including the rising critical infrastructure developments including airports, industrial facilities, and others, increasing crime rates, and the growing need for advanced perimeter security solutions are fostering the growth of the perimeter alarm segment.
By End User:
The end user segment is divided into residential, commercial, and industrial.
The commercial segment accounted for a substantial share in the burglar alarm market in 2022. Burglar alarm systems are mainly deployed in the commercial sector including offices, hospitals, retail stores, banking & financial institutions, and educational institutes among others for enhanced security. Moreover, burglar alarm systems aid in improving property security and convenience across offices, businesses, and other commercial properties while alerting individuals of unauthorized entry within the commercial property. The aforementioned characteristics of burglar alarm systems are increasing their utilization in the commercial sector.
Factors including the rising pace of urbanization, increasing development of commercial buildings, and growing need for enhanced security solutions in commercial spaces are among the vital factors driving growth of the commercial segment. For instance, according to CoreLogic Inc., the sales of commercial property in the U.S. witnessed a substantial growth in 2021. The sales of commercial properties including offices, retail, hotel, and others increased by 16% during the second quarter of 2021 as compared to 2019. Thus, the growing commercial sector is driving the utilization of burglar alarm systems in commercial buildings to offer improved security and alert the access of unauthorized individuals into commercial spaces, in turn driving the growth of the segment during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North American region is considered to contribute the largest revenue share in the year 2022. The adoption of burglar alarm systems in the North American region is primarily driven by its utilization in residential and commercial sectors including offices, educational institutes, and financial institutions among others. The utilization of burglar alarm systems in commercial buildings for efficient monitoring of individuals\' access to a building or certain areas of a property and for alerting the entry of intruders to ensure enhanced safety has been a prevailing factor for market growth in the region.
Additionally, the rising incidence of robberies and burglaries in the commercial sectors involving financial institutions is a significant factor fostering the market demand in the region. For instance, according to the 2021 Bank Crime Statistics Report, around 1,724 cases of robberies and 234 cases of burglaries in financial institutions such as commercial banks, mutual saving banks, credit unions, and others were recorded in the U.S. in 2021. Thus, the above factors are anticipated to boost the demand for burglar alarm systems in North America during the forecast period.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The rapid pace of urbanization and development in the Asia-Pacific region is creating lucrative opportunities for market growth in the region. Moreover, factors including the rise in residential and commercial construction are contributing to the market growth for burglar alarm systems in the region.
Additionally, the growing adoption of intruder alarm systems in the commercial sector for enhanced security is a significant factor driving the market growth in the region. For instance, in September 2021, the Indian Railways adopted the latest technological advancements in the field of security by deploying an infrared intruder alarm system to improve security within railway premises. Hence, the above factors are further proliferating the market growth in the Asia-Pacific region.
Burglar Alarm Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Burglar Alarm Market. Key players in the market include-
• Banham
• Johnson Controls
• Inovonics Wireless Corporation
• Hangzhou Hikvision Digital Technology Co. Ltd.
• ADT
• ASSA ABLOY
• Robert Bosch GmbH
• Honeywell International Inc.
• Securitas AB
• Siemens AG
• Risco Group
• Napco Security Technologies Inc.
Recent Developments
• In May 2022, Hikvision launched its new alarm system, AX Hybrid PRO. The alarm system is integrated with Hikvision Speed-X transmission technology and is designed for deployment in banks, offices, factories, and retail stores among others.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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