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Smart Home Adoption Boosts The Burglar Alarm System Market: A Significant Driver Propelling The Burglar Alarm Systems Market In 2025
Burglar Alarm Systems
What Is the Burglar Alarm Systems Market Size and Projected Growth Rate?
In the last few years, the market size of burglar alarm systems has significantly increased. It is projected to escalate from $5.9 billion in 2024 to $6.44 billion in 2025, marking a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the historical period include higher crime rates, need for home and property safety, deductions in insurance premiums, urban sprawl, population increase, as well as government efforts towards public safety.
In the coming years, the market size of burglar alarm systems is predicted to experience robust growth. The market is projected to increase to a figure of $8.84 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%. The notable increase in the forecast period can be linked to aspects such as the incorporation of artificial intelligence, the use of cloud-based security measures, contributions from smart city projects, biometric verification methods, and adoption of energy-efficient and eco-friendly solutions. Key trends expected during the forecast period encompass innovations in mobile apps, technology integrations, enhancements in sensor technology, integration into smart homes and video surveillance conjunctions.
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What Are the Major Segments in the Burglar Alarm Systems Market?
The burglar alarm systems market covered in this report is segmented -
1) By Type: Wireless Burglar Alarm Systems, Wired Burglar Alarm Systems
2) By Component, Hardware, Software, Services
3) By Application, Commercial And Industrial Applications, Residential Applications
Subsegments:
1) By Wireless Burglar Alarm Systems: Wi-Fi-Based Wireless Systems, GSM-based Wireless Systems, Bluetooth-Enabled Wireless Systems
2) By Wired Burglar Alarm Systems: Analog Wired Systems, Digital Wired Systems, Hybrid Wired Systems
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What Are The Driving Burglar Alarm Systems Market Evolution?
The surging trend of smart homes is anticipated to boost the burglar alarm system market's growth. Smart homes, housing units furnished with interlinked devices and systems enabling remote control and automation, escalate the comfort, energy efficiency, and safety for the inhabitants. The burglar alarm systems integrated within these smart homes offer remote surveillance, alerts, and automation, improving overall security and comfort via smart sensors, cameras, and mobile applications. Data Conomy, a German portal covering news, events, and expert views from the data-driven technology realm, reported in September 2022 that by the end of June 2022, the average number of connected gadgets and smart home appliances per household globally was 17.1, marking a 10% rise from the previous year at the same timeframe. So, the burgeoning popularity of smart homes is set to fuel the burglar alarm system market's growth. Market Driver for Burglar Alarm Systems: Increase in Crime Rates Invigorating Demand for Burglar Alarm Systems
Which Firms Dominate The Burglar Alarm Systems Market Segments?
Major companies operating in the burglar alarm systems market report are Siemens AG, Panasonic Corporation, Honeywell International Inc., Johnson Controls International PLC, Adobe Inc., ASSA ABLOY AB, Hangzhou Hikvision Digital Technology Co. Ltd., Securitas AB, ADT Inc., Brinks Home, Vivint Smart Homes Inc., Axis Communications AB, Alarm.com, UTC Fire & Security, SimpliSafe Inc., Ring Inc., Napco Security Technologies Inc., Risco Group, Guardian Protection Services Inc., Banham Group, Frontpoint Security Solutions LLC, Inovonics Wireless Corporation, Interlogix, Eufy, Active Total Security Systems
What Trends Are Driving Growth in The Burglar Alarm Systems Market?
Large companies within the burglar alarm systems market are focusing on the development of advanced features such as smart arming, aiming to enhance user safety and user-friendliness through remote capabilities. This innovation also provides them with a competitive edge. With smart arming, the system features intelligent auto-arm and disarm actions based on the user's activity patterns. As an example, a company based in the US, Alarm.com, responsible for smart home alarm security systems, introduced this smart arming feature in December 2022. The feature provides customers with the ability to designate specific hours for their system to be active and inactive. If the system detects movement outside of these preset hours, such as an early riser moving about before the stipulated time, the system instantly disarms.
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Which Is The Largest Region In The Burglar Alarm Systems Market?
North America was the largest region in the burglar alarm system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the burglar alarm systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Burglar Alarm Systems Market?
2. What is the CAGR expected in the Burglar Alarm Systems Market?
3. What Are the Key Innovations Transforming the Burglar Alarm Systems Industry?
4. Which Region Is Leading the Burglar Alarm Systems Market?
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