Burglar Alarm Systems Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, UK, China, Japan - Size and Forecast 2024-2028

Burglar Alarm Systems Market Size 2024-2028

The burglar alarm systems market is forecasted to increase by USD 1.72 billion, at a CAGR of 6.78% between 2023 and 2028. The growth of the market depends on several key factors. The growing adoption of smart homes is a significant driver, as consumers seek integrated security solutions that enhance home automation. This trend is complemented by an increase in demand for burglar alarms to monitor children, reflecting heightened concerns about family safety and the need for reliable monitoring systems. Additionally, the premiumization of burglar alarm systems contributes to market expansion, as consumers are willing to invest in advanced, high-quality security features for enhanced protection and convenience. These factors collectively shape the market, pushing innovation and increasing the adoption of sophisticated security technologies. As smart home technology evolves and consumer priorities shift, the market for burglar alarms is expected to continue its upward trajectory.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics and Customer Landscape

The market has witnessed significant growth in recent years due to the increasing number of break-ins and security concerns in both residential and commercial sectors. Two primary technologies driving the market are sound detection and contactless biometric systems. Sound detection technologies use microphones to identify unusual sounds, while contactless biometric systems use various methods, such as facial recognition or fingerprint scanning, to grant access. The pandemic has led to an increase in demand for security systems in various sectors, including banking, healthcare, and commercial properties. The closure of manufacturing plants and travel restrictions have affected the production of surveillance systems in regions like Hubei province.

However, the economy's gradual recovery and the growing importance of social interaction and workplace attendance are expected to boost market growth. Automakers have also integrated burglar alarm systems into their vehicles, adding another segment to the market. The residential segment holds the largest market share, but the commercial segment is expected to grow at a faster rate. Video surveillance solutions are a crucial component of burglar alarm systems, providing an added layer of security and peace of mind. Despite the challenges, the burglar alarm industry remains a vital technology company, continually innovating to meet the evolving security needs of society.

Key Market Driver

The growing adoption of smart homes is driving market growth. The adoption of smart homes is rising, owing to the increasing need for security features such as digital security and secured homes. The applications of intruder detection devices are increasing in commercial as well as residential sectors. These devices use surveillance, automotive products, testing, gas and fire detection, and other commercial vision applications. Advances in technology have increased the use of loT in homes. Intruder detection is used in home automation.

Moreover, the revenue generation by original equipment manufacturers (OEMs) of consumer electronic devices is expected to grow significantly during the forecast period, with the adoption of intruder detection devices in production processes. The motion sensing circuit, temperature and humidity sensing circuit, door lock sensing circuit, smoke or gas sensing circuit, and light on/off circuit are connected to intruder detection devices. Thus, the growing adoption of smart homes will fuel the growth of the global burglar alarm systems market during the forecast period.

Significant Market Trends

The increasing advances in sensor technologies are a crucial trend shaping the market. Advances in sensor technologies and wireless technologies with video surveillance and intruder detection are the major factors affecting the adoption of alarm systems. Various technologies, such as long-range passive IR detectors, will increase the demand for intruder alarms. Vendors are developing sensor technologies based on the characteristics such as complexity of installation, distances, types of coverage, cost of commissioning/ownership, and configurability

For instance, some of the technologies that will lead to advances in alarm systems during the forecast period include radar, microwave, fiber optics, and 2D laser. Radar technology determines the accurate size of the object. Microwave devices can detect any object in their line of sight and are used for distance monitoring. Fiber optics technology determines changes in light property based on the obstacles between the transmitter and receiver. 2D laser measurement device uses laser beams to monitor areas and measure distance. Therefore, the increasing advances in sensor technologies will support the growth of the global burglar alarm systems market during the forecast period.

Major Market Challenge

The increasing instances of false alarms are challenging market growth. Improper assessment may affect the response of alarm devices. For instance, the operator may not respond to genuine alarm conditions with a high rate of false alarms. This generally happens due to minor errors in application programs, especially when the sensor cannot read the object nearing the boundary. This can lead to customer dissatisfaction, which affects the revenue of vendors. False acceptance can also occur when intruder detection incorrectly accepts an unauthorized user in rare instances.

This, in turn, can lead to the misuse and loss of sensitive customer information, along with other fraudulent activities. A major drawback of false alarms is that the customer cannot completely rely on the device. Vendors are trying to address this challenge by filtering false alarms with the help of two-way communication and dual verification features. Thus, increasing instances of false alarms will impede the growth of the global burglar alarm systems market during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• ADT INC. - The company offers burglar alarm systems such as Nest doorbell, Nest cam, and Nest cam with floodlight.
• Alarm.com Holdings Inc. - The company offers burglar alarm solutions that have protective safeguards, check systems status, and get notified of activity using a powerful smarter security app.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

• Ackerman Security
• 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
• Vector Security Inc.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak based on their quantitative data analysis.  

Market Segmentation 

Type Segment Analysis

The wireless alarm system segment will account for a significant share of market growth during the forecast period. This system typically comes with a motion detector and door/window sensor and uses frequencies much lower than the standard 2.4 GHz used for WiFi. It provides a wide range of features, such as advanced protection, low installation costs, and easy upgrades.

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The wireless alarm system segment was valued at USD 2.39 billion in 2018. The popularity of wireless alarm systems is rising owing to their adaptability and ease of use. They are easy to install, which lowers installation costs. Such benefits will positively impact the demand for wireless alarm systems, which will drive market growth. This, in turn, will drive the growth of the segment during the forecast period.

End-user Segment Analysis

The commercial and industrial segment will also account for a significant share of market growth during the forecast period. Commercial burglar alarm systems are highly advanced and are generally designed to protect important areas such as commercial and industrial areas. These facilities use multiple layers of alarm systems, which include controlled access cards and video surveillance cameras. They are installed throughout facilities. Organizations have released several product standards to offer efficient burglar alarm systems. Such factors will drive the growth of the segment during the forecast period. 

Regional Analysis

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North America is estimated to contribute 47% to the growth of the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.   The US, Canada, and Mexico are the key revenue contributors to market growth in the region. The growth of the regional market is driven by factors such as the rapid adoption of burglar alarm systems. The high degree of product awareness in North America will also fuel market growth during the forecast period. The region has a developed network infrastructure, which ensures seamless connectivity between video surveillance components. These factors are expected to drive the growth of the burglar alarm systems market in the region during the forecast period.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Type Outlook  
  • Wireless alarm system
  • Wired alarm system

• End-user Outlook 
  • Residential 
  • Commercial and industrial

• Region Outlook  
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

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Market Analyst Overview  

The market is witnessing significant growth due to the increasing need for security in both residential and commercial properties. Sound detection technologies, including microphones and camera processors, are commonly used in these systems. The pandemic has accelerated the adoption of burglar alarm systems, particularly in the healthcare and banking sectors, as society shifts towards remote work and reduced travel. Contactless biometric systems are gaining popularity in the residential segment, offering added security and convenience. The commercial segment, including commercial properties and professional security systems, is also driving market growth. The industry is embracing technology, with smart homes integrating alarm systems, GSM, and LCD screens. The manufacturing output of surveillance systems and distribution of components have been impacted by plant closures and supply chain disruptions. The automakers are also integrating alarm systems into their vehicles, enhancing safety features. The economy's impact on the market is significant, with the novel coronavirus causing uncertainty and potential for increased demand as people prioritize security.

In addition, the alarm industry continues to evolve, with wireless communication and mobile phones playing a crucial role in the market's growth. Household appliances, such as smartphones and handheld devices, are also integrating alarm systems, offering users added security and convenience. The market is evolving with innovations such as advanced glass break detector systems and sensor data fusion technology. The rise of DIY home security systems integrates alarm sensors, including motion detector sensors and door/window sensors, with smartphones and handheld devices for enhanced control. Surveillance systems production benefits from technologies like LCD screens and Remote Terminal Units. Companies like Inovonics are leading advancements, addressing concerns about burglaries and home invasions while contributing to overall economy and system and hardware improvements.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, South America, and 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 market companies

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