The global burglar alarm systems market was worth USD 5.5 Billion in 2021, rising to USD 5.9 Billion by 2022, representing a 7.3% year-on-year growth rate. The market is expected to grow at a compound annual growth rate (CAGR) of 7.2% between 2022 and 2032, reaching USD 11.8 Billion.
Intruder alarm systems have advanced significantly in recent years. Artificial intelligence (AI) and the Internet of Things (IoT) have both obstructed the overall security systems market. The implementation of smart homes in smart security systems is anticipated to boost demand for home security systems. Market growth of Burglar Alarm Systems is primarily driven by the following key factors:
The booming market for contactless biometric systems, specifically due to the pandemic, and the popularity of video surveillance solutions for remote monitoring operations are two main factors that are anticipated to drive market growth.
| Report Attributes | Details |
|---|---|
| Anticipated Base Year Value (2021) | USD 5.5 Billion |
| Expected Market Value (2022) | USD 5.9 Billion |
| Projected Forecast Value (2032) | USD 11.8 Billion |
| Global Growth Rate (2022 to 2032) | 7.2% CAGR |
| Growth Rate of the North American Market (2022 to 2032) | 7% CAGR |
| Expected Market Value of Asia Pacific (2032) | USD 2 Billion |
In 2021, North America was the dominant region with a revenue share of more than 40%. Mergers and acquisitions are allowing market participants to spread their wings across the region.
ASSA ABLOY, for example, acquired Spectrum Brands, Inc. - the hardware and home improvement division - in September 2021. Spectrum Brands, Inc. is a residential security solution provider based in the United States. The acquisition is expected to enlarge ASSA ABLOY's product portfolio and strengthen its position in the region's residential segment.
The advancement of novel and improved system technologies is one of the primary factors driving the growth of the North American Burglar alarm systems market. Rapid advancements in development and research have paved the way for the internet of things, remote monitoring, and home automation.
Furthermore, the restoration of various construction operations, notably in the residential segment, contributes to a rise in the consumption of home security systems.
Growing network infrastructure linked to broadband and internet permeability has also been assertive in sustaining market growth. According to a recent report published by Future Market Insight, the market for burglar alarm systems is expected to grow at a 7% annual rate, reaching USD 6.8 Billion by the end of 2032.
In 2021, the residential segment dominated commanded a market share of more than 55%. Intruder alarm systems are gaining prominence in both the residential and commercial sectors. One of the most vulnerable industries is going to be banking, healthcare, and education. Several merchandise standards have been released by organizations in order to produce effective alarm systems.
Commercial properties may be enticing to burglars because they are typically in high-traffic areas with higher crime rates. Because other industries have incorporated security measures, the surrounding atmosphere has an impact on its safety.
As a consequence, commercial intruder alarm systems are sophisticated and comprehensive, and they are frequently created to safeguard much larger areas. All across the facility, multiple layers of security systems, such as video surveillance cameras and controlled access cards, are installed.
Intruder alarm systems have significantly developed in recent years. Advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) have disrupted the overall security systems market. Demand for home security systems is expected to rise as the use of smart homes in smart security systems.
Future technologies, such as the IoT enable the introduction of smart homes. Furthermore, advances in sensor data fusion technology have raised end-user demand for advanced security systems.
The market growth has been rapid as technology improves every year, making the industry more effective. Burglar alarm systems are integrated into residential security systems, home security, and building management solutions to provide a secure foundation by lowering costs.
Integration of intruder alarm systems with video security systems is a prevailing market trend. Companies such as Honeywell, Assay Abloy, and Johnson are constantly developing and optimizing intelligent sensor technologies to cater to the varying security demands from end-user.
The prominent factors propelling the global burglar alarm systems industry are the evolution of DIY home security systems due to their low cost, ease of installation, and smartphone-enabled operation. North America is one of the major adopters of the home security system, with the USA being at the forefront.
Factors such as the cheaper cost of these systems compared to professional security systems are considered to be urging market growth in the upcoming decade. Additionally, the flexibility linked with DIY security systems will aid non-traditional security service providers to augment the overall penetration rate of homes with alarm systems.
Along with this, the massive demand for contactless biometric systems, precisely owing to the pandemic and the high demand for video surveillance solutions for remote monitoring activities are some of the key factors that are projected to create a positive growth effect on the market. Besides, swift growth within the IoT network is estimated to create a pool of growth prospects during the conjecture period.
The security system technology is continuously evolving, and new-fangled technologies are constantly being invented to advance the security of home and business security systems alike. From repetitively refining camera processors to smarter, more capable alarm sensors, these new elements and technologies are making security more active than ever before.
Development of innovative Motion Detectors
While maximum security systems are only focused on motion detection or on other forms of sensing (think door and window contacts), novel forms of high-tech and non-visual sensors have arrived on market in recent years. These comprise everything from radar to advanced sound detection technologies, such as microphones and advanced glass break detector systems.
Similarly, the introduction of audio sensors linked with CCTV cameras is equipped with enhanced audio detection features, thereby enhancing the functionality of home security systems. These sensors utilize the advanced processing technology with creative algorithms, and can now listen for and detect certain pre-defined sounds such as breaking glass, gunfire, and loud behavior.
The main challenge to the global burglar alarm software industry growth is the swelling instances of false alarms due to the failure to assess accurately. Due to such alarms, the operator may not respond to genuine alarm conditions.
False alarms generally happen because of minor slip-ups in the application programs, specifically when the sensor is incapable to read an object which is nearing the boundary. This not only pertains to customer discontent but may also result in the misuse and loss of sensitive customer information and other fraudulent activities.
North America dominated the market with a revenue share of over 40% in 2021. North America is analyzed across three countries in the market study, including the USA, Canada, and Mexico. Market players are expanding their footprints across the region through mergers and acquisitions.
For instance, in September 2021, ASSA ABLOY acquired Spectrum Brands, Inc. - the hardware and home improvement, division. Spectrum Brands, Inc. is a USA-based company and a provider of residential security solutions. The acquisition is likely to expand ASSA ABLOY’s product portfolio and reinforce its position in the residential sector in the region.
One of the principal aspects catalyzing the growth of the North America Burglar alarm systems market is the progression of novel and enhanced system technologies. Snowballing research and development have flagged the way for the internet of things, remote monitoring as well as home automation. Besides, the restoration of constructional activities, specifically in the residential sector, acts as another aspect accelerating the demand for home security systems.
Cultivating network infrastructure linked with broadband and internet penetration has further been proactive in upholding market growth. Future Market Insight’s recently published report summarizes that the market for Burglar alarm systems is likely to proliferate at the rate of 7% to reach USD 6.8 Billion by 2032 end.
Substantial expansion of real-estate and IT sectors across the Asia Pacific is anticipated to drive the demand for smart alarm systems. In recent years, home security solutions and services are witnessing an increasing demand from countries including India, Japan, Singapore, and others, which is likely to contribute to the market growth across the region.
Furthermore, several security rules and standards released by the government would support the market across the Asia Pacific. Technological innovations are expected to contribute to China's significant market share.
China captures a significant share in the APAC market, mainly backed by an upsurge in smart city project initiatives, which has mandated the implementation of technology and measures to diminish the adverse effects of mounting urbanization. For instance, Hangzhou, a city with a population of greater than 9.47 million, is a smart technological initiative designed by Alibaba, a Chinese tech giant.
This city mainly operates through artificial intelligence that uses big data and big computing power to enhance and fix traffic problems. Therefore, by monitoring every vehicle within the city, it has become possible to shrink traffic jams by 15%.
As per the latest analytical report by Future Market Insights, the APAC market for burglar alarm systems is likely to reach USD 2 Billion, documenting a CAGR of 9% throughout the forecast period.
| Region | CAGR |
|---|---|
| North America | 7% |
| Asia Pacific | 9% |
The wired alarm segment dominated the market with over 64% in 2021. Wired intruder alarms are in higher demand however, wireless intruder alarms are more convenient to install. Intruder alarms have been more popular in recent years due to technological advancements and safety concerns.
Furthermore, some technologies used in intruder alarms include electrical field, vibration, audio, capacitance, and photoelectric beam sensors.
Wireless commercial security systems offer a more comprehensive range of exclusive protection features, lower installation costs, and relatively simple upgrades than wired systems. For instance, in October 2021, Inovonics Wireless Corporation announced the availability of the Inovonics mobile duress, which is meant to offer accurate interior room and floor level location when an Inovonics pendant is activated.
Developed on the Inovonics cloud platform, the solution combines dependable hardware with sophisticated API and software capabilities for data access and easy integration.
The residential application segment dominated the market with a share of over 55% in 2021. Intruder alarm systems are gaining traction across the residential and commercial segments. Banking, healthcare, and education are likely to be the most susceptible industries. To offer efficient alarm systems, organizations have released several product standards.
For instance, in 2007, the Underwriters Laboratories (UL) created the UL 634 Level 2 standard to help Sensitive Compartmented Information Facility (SCIF) and other high-end security installations to identify sensors that provide the absolute highest level of intrusion detection.
Business locations are typically high-traffic regions with higher crime rates, and burglars may find commercial properties appealing. The surrounding environment also influences its safety since other businesses have implemented security measures.
As a result, commercial intruder alarm systems are sophisticated and extensive, and these systems are often designed to protect much more significant areas. Multiple layers of security systems, such as video surveillance cameras and controlled access cards, are installed throughout the facility.
Prominent Burglar Alarm Systems providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market.
Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.2% from 2022 to 2032 |
| Market Value for 2022 | USD 5.9 Billion |
| Market Value for 2032 | USD 11.8 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Component, Application, Region |
| Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Mexico, Brazil, Germany, France, Italy, Spain, UK, Russia, China, Japan, India, South Korea, Australia, GCC, Australia, South Africa, Saudi Arabia, Israel, UAE |
| Key Companies Profiled | ADT; ASSA ABLOY; Banham; Hikvision; Honeywell International Inc.; Inovonics Wireless Corporation; Johnson Controls; Napco Security Technologies Inc.; RISCO Group; Securitas AB; Siemens |
| Report Customization & Pricing | Available upon Request |
Table 01: Global Burglar Alarm Systems Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 02: Global Burglar Alarm Systems Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 03: Global Burglar Alarm Systems Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 04: Global Burglar Alarm Systems Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 05: North America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 06: North America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 07: North America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 08: North America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 09: Latin America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 10: Latin America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 11: Latin America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 12: Latin America Burglar Alarm Systems Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 13: Europe Burglar Alarm Systems Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Europe Burglar Alarm Systems Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 15: Europe Burglar Alarm Systems Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 16: Europe Burglar Alarm Systems Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 17: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 18: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 19: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 20: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 21: MEA Burglar Alarm Systems Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 22: MEA Burglar Alarm Systems Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 23: MEA Burglar Alarm Systems Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 24: MEA Burglar Alarm Systems Market Value (US$ Mn) Forecast by Application, 2017-2032
Figure 01: Global Burglar Alarm Systems Market Value (US$ Mn) by Type, 2022-2032
Figure 02: Global Burglar Alarm Systems Market Value (US$ Mn) by Component, 2022-2032
Figure 03: Global Burglar Alarm Systems Market Value (US$ Mn) by Application, 2022-2032
Figure 04: Global Burglar Alarm Systems Market Value (US$ Mn) by Region, 2022-2032
Figure 05: Global Burglar Alarm Systems Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 06: Global Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 07: Global Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 08: Global Burglar Alarm Systems Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 09: Global Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 10: Global Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 11: Global Burglar Alarm Systems Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 12: Global Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 13: Global Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 14: Global Burglar Alarm Systems Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 15: Global Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 16: Global Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 17: Global Burglar Alarm Systems Market Attractiveness by Type, 2022-2032
Figure 18: Global Burglar Alarm Systems Market Attractiveness by Component, 2022-2032
Figure 19: Global Burglar Alarm Systems Market Attractiveness by Application, 2022-2032
Figure 20: Global Burglar Alarm Systems Market Attractiveness by Region, 2022-2032
Figure 21: North America Burglar Alarm Systems Market Value (US$ Mn) by Type, 2022-2032
Figure 22: North America Burglar Alarm Systems Market Value (US$ Mn) by Component, 2022-2032
Figure 23: North America Burglar Alarm Systems Market Value (US$ Mn) by Application, 2022-2032
Figure 24: North America Burglar Alarm Systems Market Value (US$ Mn) by Country, 2022-2032
Figure 25: North America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 26: North America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 27: North America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 28: North America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 29: North America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 30: North America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 31: North America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 32: North America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 33: North America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 34: North America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 35: North America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 36: North America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 37: North America Burglar Alarm Systems Market Attractiveness by Type, 2022-2032
Figure 38: North America Burglar Alarm Systems Market Attractiveness by Component, 2022-2032
Figure 39: North America Burglar Alarm Systems Market Attractiveness by Application, 2022-2032
Figure 40: North America Burglar Alarm Systems Market Attractiveness by Country, 2022-2032
Figure 41: Latin America Burglar Alarm Systems Market Value (US$ Mn) by Type, 2022-2032
Figure 42: Latin America Burglar Alarm Systems Market Value (US$ Mn) by Component, 2022-2032
Figure 43: Latin America Burglar Alarm Systems Market Value (US$ Mn) by Application, 2022-2032
Figure 44: Latin America Burglar Alarm Systems Market Value (US$ Mn) by Country, 2022-2032
Figure 45: Latin America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 46: Latin America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 47: Latin America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 48: Latin America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 49: Latin America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 50: Latin America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 51: Latin America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 52: Latin America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 53: Latin America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 54: Latin America Burglar Alarm Systems Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 55: Latin America Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 56: Latin America Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 57: Latin America Burglar Alarm Systems Market Attractiveness by Type, 2022-2032
Figure 58: Latin America Burglar Alarm Systems Market Attractiveness by Component, 2022-2032
Figure 59: Latin America Burglar Alarm Systems Market Attractiveness by Application, 2022-2032
Figure 60: Latin America Burglar Alarm Systems Market Attractiveness by Country, 2022-2032
Figure 61: Europe Burglar Alarm Systems Market Value (US$ Mn) by Type, 2022-2032
Figure 62: Europe Burglar Alarm Systems Market Value (US$ Mn) by Component, 2022-2032
Figure 63: Europe Burglar Alarm Systems Market Value (US$ Mn) by Application, 2022-2032
Figure 64: Europe Burglar Alarm Systems Market Value (US$ Mn) by Country, 2022-2032
Figure 65: Europe Burglar Alarm Systems Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 66: Europe Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 67: Europe Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 68: Europe Burglar Alarm Systems Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 69: Europe Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 70: Europe Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 71: Europe Burglar Alarm Systems Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 72: Europe Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 73: Europe Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 74: Europe Burglar Alarm Systems Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 75: Europe Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 76: Europe Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 77: Europe Burglar Alarm Systems Market Attractiveness by Type, 2022-2032
Figure 78: Europe Burglar Alarm Systems Market Attractiveness by Component, 2022-2032
Figure 79: Europe Burglar Alarm Systems Market Attractiveness by Application, 2022-2032
Figure 80: Europe Burglar Alarm Systems Market Attractiveness by Country, 2022-2032
Figure 81: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) by Type, 2022-2032
Figure 82: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) by Component, 2022-2032
Figure 83: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) by Application, 2022-2032
Figure 84: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) by Country, 2022-2032
Figure 85: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 86: Asia Pacific Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 87: Asia Pacific Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 88: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 89: Asia Pacific Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 90: Asia Pacific Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 91: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 92: Asia Pacific Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 93: Asia Pacific Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 94: Asia Pacific Burglar Alarm Systems Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 95: Asia Pacific Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 96: Asia Pacific Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 97: Asia Pacific Burglar Alarm Systems Market Attractiveness by Type, 2022-2032
Figure 98: Asia Pacific Burglar Alarm Systems Market Attractiveness by Component, 2022-2032
Figure 99: Asia Pacific Burglar Alarm Systems Market Attractiveness by Application, 2022-2032
Figure 100: Asia Pacific Burglar Alarm Systems Market Attractiveness by Country, 2022-2032
Figure 101: MEA Burglar Alarm Systems Market Value (US$ Mn) by Type, 2022-2032
Figure 102: MEA Burglar Alarm Systems Market Value (US$ Mn) by Component, 2022-2032
Figure 103: MEA Burglar Alarm Systems Market Value (US$ Mn) by Application, 2022-2032
Figure 104: MEA Burglar Alarm Systems Market Value (US$ Mn) by Country, 2022-2032
Figure 105: MEA Burglar Alarm Systems Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 106: MEA Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 107: MEA Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 108: MEA Burglar Alarm Systems Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 109: MEA Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 110: MEA Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 111: MEA Burglar Alarm Systems Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 112: MEA Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 113: MEA Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 114: MEA Burglar Alarm Systems Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 115: MEA Burglar Alarm Systems Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 116: MEA Burglar Alarm Systems Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 117: MEA Burglar Alarm Systems Market Attractiveness by Type, 2022-2032
Figure 118: MEA Burglar Alarm Systems Market Attractiveness by Component, 2022-2032
Figure 119: MEA Burglar Alarm Systems Market Attractiveness by Application, 2022-2032
Figure 120: MEA Burglar Alarm Systems Market Attractiveness by Country, 2022-2032
As of 2021, Future Market Insights estimated the burglar alarm systems market to have reached USD 5.5 Billion
By 2022, Future Market Insights expected demand for burglar alarm systems to reach USD 5.9 Billion
From 2017 to 2021, the burglar alarm systems market grew at a 6.7% value CAGR
From 2022 to 2032, burglar alarm systems demand is likely to surge at a 7.2% CAGR
By 2032, the market for burglar alarm systems is likely to be valued at USD 11.8 Billion
By 2032, Future Market Insights expects the North American market for burglar alarm systems to reach USD 6.8 Billion
Asia Pacific is expected to register a 9% CAGR in the burglar alarm systems industry
Wireless burglar alarm systems will be maximum, expanding at a 6.7% CAGR
Burglar alarm systems for the residential segment will remain most preferred, expanding at a CAGR of 7% until 2032
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Burglar Alarm Systems Market
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