Press release
Intruder Alarm System Market Set to Reach $4.06 Billion by 2029 with 10.5% Yearly Growth
Intruder Alarm System Market Size
The increasing crime rates are expected to drive the growth of the intruder alarm system market. Rising crime rates, fueled by factors like economic instability and social unrest, lead to greater demand for security solutions. Intruder alarm systems provide deterrence and help notify authorities or contacts during break-ins. In October 2023, the Office for National Statistics reported a 4% rise in crime in England and Wales, with the total number of crimes reaching 6.7 million. This increase in crime is contributing to the growth of the intruder alarm system market.
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How will the growth rate of the intruder alarm system market shape industry trends by 2034?
The intruder alarm system market will increase from $2.46 billion in 2024 to $2.72 billion in 2025 at a CAGR of 10.7%, driven by wireless security solutions, remote monitoring, and mobile-based security applications.
The intruder alarm system market is anticipated to expand to $4.06 billion by 2029, with a CAGR of 10.5%. Growth factors include increasing adoption of smart home technology, rising demand for IoT-based security solutions, enhanced consumer awareness, growing preference for cloud security, and heightened cybersecurity focus. Notable trends include AI-driven security, biometric authentication, cloud-based solutions, DIY home security installations, and advancements in video surveillance systems.
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What trends are poised to drive the future success of the intruder alarm system market?
Major companies in the intruder alarm system market are prioritizing the development of advanced wireless alarm systems to enhance security. Wireless alarm systems detect intrusions and send alerts via wireless communication. For example, in April 2024, Hangzhou Hikvision Digital Technology Co. Ltd., a China-based manufacturer, launched the AX HOME series wireless alarm system. The system offers easy installation, high data encryption, and real-time monitoring through mobile apps, with a focus on low maintenance costs and high transmission efficiency.
Which primary segments of the intruder alarm system market are driving growth and industry transformations?
The intruder alarm system market covered in this report is segmented -
1) By Type: Wired Alarm System, Wireless Alarm System, Hybrid Alarm System
2) By Component: Hardware, Software, Services
3) By Application: Residential, Commercial And Industrial
Subsegments:
1) By Wired Alarm System: Hard-wired Alarm System, IP-based Wired Alarm System
2) By Wireless Alarm System: Cellular Wireless Alarm System, Wi-Fi Wireless Alarm System, Radio Frequency (RF) Wireless Alarm System
3) By Hybrid Alarm System: Hybrid Wired And Wireless System, Hybrid IP-based And Wireless System
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Which geographical regions are pioneering growth in the intruder alarm system market?
North America was the largest region in the intruder alarm system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intruder alarm system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the intruder alarm system market landscape?
Major companies operating in the intruder alarm system market are Honeywell International Inc., Johnson Controls International plc, Securitas AB, Hangzhou Hikvision Digital Technology Co. Ltd., Assa Abloy Group, ADT Inc., Godrej & Boyce Mfg. Co. Ltd., Robert Bosch GmbH, Vivint Smart Home Inc., Nortek Security & Control LLC, UTC Fire & Security Americas Corporation Inc., Stanley Black & Decker Inc., SimpliSafe Inc., Godrej & Boyce Mfg. Co. Ltd., Napco Security Technologies Inc., Visonic Ltd., RISCO Group, Frontpoint Security Solutions LLC, DSC (Digital Security Controls), AlarmForce Industries Inc., Banham Patent Locks Limited, Pyronix Limited
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What Is Covered In The Intruder Alarm System Global Market Report?
•Market Size Forecast: Examine the intruder alarm system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the intruder alarm system market for a structured understanding.
•Key Players Overview: Analyze major players in the intruder alarm system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the intruder alarm system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the intruder alarm system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the intruder alarm system market.
•Industry Challenges: Identify potential risks and obstacles affecting the intruder alarm system market.
•Competitive Landscape: Review strategic developments in the intruder alarm system market, including expansions, agreements, and new product launches.
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