The Burglar Alarm Systems Market to grow at a CAGR of 6.3% from 2022 to 2027|The growing adoption of smart homes to boost market growth- Technavio

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The burglar alarm systems market is estimated to increase by USD 1,493.73 million from 2022 to 2027, with a CAGR of 6.3%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report

Burglar Alarm Systems Market – Company Scope

The burglar alarm systems market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 companies listed Below -

Ackerman Security, ADT INC., Alarm.com Holdings Inc., Alphabet Inc., Bay Alarm Co., Comcast Corp., Cove Smart LLC, Frontpoint Security Solutions LLC, Godrej and Boyce Manufacturing Co. Ltd., Guardian Protection Services Inc., Honeywell International Inc., Link Interactive, Monitronics International Inc., Nice SpA, NRG Energy Inc., Ring LLC, Robert Bosch Stiftung GmbH, SimpliSafe Inc., Smith Thompson Home Security, and Vector Security Inc. -  Download Sample Report

Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Burglar alarm systems market

Burglar Alarm Systems Market - Segmentation Assessment

The market is segmented by type (wireless alarm system and wired alarm system), end-user (residential, commercial, and industrial), and geography (North America, Europe, APAC, South America, and Middle East and Africa)

• The wireless alarm system segment will account for a significant share of market growth during the forecast period. This system is typically equipped with motion detectors and door/window sensors and uses frequencies much lower than the standard 2.4GHz used for WiFi. Furthermore, B. High protection, low installation cost, and easy upgrade are some of the functions which are offered by the wireless alarm system. Wireless alarm systems are growing in popularity due to their adaptability, ease of use, and ease of installation which reduces installation costs. Hence, such benefits are expected to drive segment growth during the forecast period.
• North America is estimated to contribute 44% to the growth of the market during the forecast period. Rapid penetration of intruder alarm systems has been a key factor in the market growth in the region. The US, Canada, and Mexico are the major contributors to market growth in the region. Additionally, the region has a well-developed network infrastructure that ensures seamless connectivity between video surveillance components. Thus, these factors are expected to drive the growth of the burglar alarm systems market in the region during the forecast period.

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Burglar Alarm Systems Market- Market Dynamics

Key Driver

The growing adoption of smart homes is a key factor driving market growth. Smart home adoption is on the rise due to the growing need for security features such as digital security and secure homes. Furthermore, these devices are used in surveillance, automotive products, testing, gas and fire detection, and other commercial imaging applications. Advances in technology have increased the use of IoT at home. Consumers are using Intrusion detection to automate their homes. Hence, the increasing adoption of smart homes is expected to drive market growth during the forecast period.

Major Trends

The increasing advances in sensor technologies are a major trend in the market. The most important factors influencing the deployment of alarm systems are advances in sensor technology and wireless technology with video surveillance and intrusion detection. In addition, Radar, microwaves, fiber optics, and 2D lasers are some of the technologies leading to advances in alarm systems. Thus, the increasing advances in sensor technologies are expected to drive the growth of the burglar alarm systems market during the forecast period.

Significant Challenges

The increasing instances of false alarms are one of the significant challenges restricting market growth. Improper evaluation can affect the response of the alarm device. For example, due to a high false alarm rate, many operators may not respond to true alarm conditions. This can lead to customer dissatisfaction and impact the company's profit margins. The main drawback of false alarms is that customers cannot fully trust their devices. Companies are trying to address this challenge by using two-way communication and double-validation features to filter false positives. Hence, increasing instances of false alarms are expected to restrict market growth during the forecast period.

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What are the key data covered in this Burglar Alarm Systems Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the burglar alarm systems market between 2023 and 2027.
• Precise estimation of the size of the burglar alarm systems market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the burglar alarm systems market across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of burglar alarm systems market companies.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart of Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global burglar alarm systems market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global burglar alarm systems market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Wireless alarm system - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Wireless alarm system - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Wireless alarm system - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Wireless alarm system - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Wireless alarm system - Year-over-year growth 2022-2027 (%)

• 6.4 Wired alarm system - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Wired alarm system - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Wired alarm system - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Wired alarm system - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Wired alarm system - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Residential - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial and industrial - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Commercial and industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Commercial and industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Commercial and industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Commercial and industrial - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 56: Market opportunity by End-user ($ million)
• Exhibit 57: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Canada - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered
• Exhibit 109: Companies covered

• 12.2 Market positioning of companies
• Exhibit 110: Matrix on company position and classification

• 12.3 ADT INC.
• Exhibit 111: ADT INC. - Overview
• Exhibit 112: ADT INC. - Business segments
• Exhibit 113: ADT INC. - Key news
• Exhibit 114: ADT INC. - Key offerings
• Exhibit 115: ADT INC. - Segment focus

• 12.4 Alarm.com Holdings Inc. 
• Exhibit 116: Alarm.com Holdings Inc. - Overview
• Exhibit 117: Alarm.com Holdings Inc. - Business segments
• Exhibit 118: Alarm.com Holdings Inc. - Key offerings
• Exhibit 119: Alarm.com Holdings Inc. - Segment focus

• 12.5 Alphabet Inc.
• Exhibit 120: Alphabet Inc. - Overview
• Exhibit 121: Alphabet Inc. - Business segments
• Exhibit 122: Alphabet Inc. - Key news
• Exhibit 123: Alphabet Inc. - Key offerings
• Exhibit 124: Alphabet Inc. - Segment focus

• 12.6 Cove Smart LLC
• Exhibit 125: Cove Smart LLC - Overview
• Exhibit 126: Cove Smart LLC - Product / Service
• Exhibit 127: Cove Smart LLC - Key offerings

• 12.7 Frontpoint Security Solutions LLC 
• Exhibit 128: Frontpoint Security Solutions LLC - Overview
• Exhibit 129: Frontpoint Security Solutions LLC - Product / Service
• Exhibit 130: Frontpoint Security Solutions LLC - Key offerings

• 12.8 Guardian Protection Services Inc. 
• Exhibit 131: Guardian Protection Services Inc. - Overview
• Exhibit 132: Guardian Protection Services Inc. - Product / Service
• Exhibit 133: Guardian Protection Services Inc. - Key offerings

• 12.9 Honeywell International Inc. 
• Exhibit 134: Honeywell International Inc. - Overview
• Exhibit 135: Honeywell International Inc. - Business segments
• Exhibit 136: Honeywell International Inc. - Key news
• Exhibit 137: Honeywell International Inc. - Key offerings
• Exhibit 138: Honeywell International Inc. - Segment focus

• 12.10 Link Interactive
• Exhibit 139: Link Interactive - Overview
• Exhibit 140: Link Interactive - Product / Service
• Exhibit 141: Link Interactive - Key offerings

• 12.11 Monitronics International Inc. 
• Exhibit 142: Monitronics International Inc. - Overview
• Exhibit 143: Monitronics International Inc. - Product / Service
• Exhibit 144: Monitronics International Inc. - Key offerings

• 12.12 Nice SpA
• Exhibit 145: Nice SpA - Overview
• Exhibit 146: Nice SpA - Product / Service
• Exhibit 147: Nice SpA - Key offerings

• 12.13 NRG Energy Inc.
• Exhibit 148: NRG Energy Inc. - Overview
• Exhibit 149: NRG Energy Inc. - Business segments
• Exhibit 150: NRG Energy Inc. - Key offerings
• Exhibit 151: NRG Energy Inc. - Segment focus

• 12.14 Ring LLC
• Exhibit 152: Ring LLC - Overview
• Exhibit 153: Ring LLC - Product / Service
• Exhibit 154: Ring LLC - Key offerings

• 12.15 Robert Bosch Stiftung GmbH 
• Exhibit 155: Robert Bosch Stiftung GmbH - Overview
• Exhibit 156: Robert Bosch Stiftung GmbH - Product / Service
• Exhibit 157: Robert Bosch Stiftung GmbH - Key offerings

• 12.16 SimpliSafe Inc.
• Exhibit 158: SimpliSafe Inc. - Overview
• Exhibit 159: SimpliSafe Inc. - Product / Service
• Exhibit 160: SimpliSafe Inc. - Key offerings

• 12.17 Smith Thompson Home Security 
• Exhibit 161: Smith Thompson Home Security - Overview
• Exhibit 162: Smith Thompson Home Security - Product / Service
• Exhibit 163: Smith Thompson Home Security - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations
• Exhibit 170: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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