In a recent published report, Kenneth Research has updated the market report for Burglar Alarm Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Burglar Alarm Market products.
In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Burglar Alarm Market over the period 2019-2026.As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017.
The global burglar alarm market is anticipated to expand at a 5.8% CAGR from 2018 to 2023 (forecast period), according to the latest report . Burglar alarms are devices deisgned to enforce and safeguard the security of homes and industrial properties. It can detect unwarranted intrusion or trespassing of personnel and prevent theft.
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The burglar alarm market is expected to accrue good returns over the forecast period thanks to popularity of smart homes and adoption of smartphones and smart devices. The ability to get warnings regarding intrusions on the smartphone via a mobile phone application is anticipated to spike up the adoption of alarms. In addition, policy discounts for installing security alarms is likely to entice customers in the long run. But false alarms can pose a challenge to the market. But this can change soon with the Federal Communications Commission (FCC) outlining new guidelines to prevent false alarms. To avoid the recent debacle of Hawaii’s false missile alert, the FCC has changed the alert system which require two people to send out alerts or warnings.
Report Overview
The report covers the latest trends affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts can make highly astute projections. MRFR’s report includes a thorough analysis of the global burglar alarm market segmented by system & hardware, end-user, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.
Segment Overview
The global burglar alarm market is segmented by system & hardware, end-user, and region. System & hardware discussed in the report include central monitoring receiver, remote terminal unit, and alarm sensors. The alarm sensor segment is further segmented into door/window sensors and motion detector sensors.
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End-users in the market include residential and small & medium enterprises. Increasing demand for heightened security levels in residential complexes, industrial complexes, and commercial buildings is bound to increase the applications of burglar alarms.
The segments covered in the report are analyzed with respect to four major regions – North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW), with respective country-level market sizing. The definition and advantages of “burglar alarm” are outlined in the report for a comprehensive understanding of the market. The report discusses in detail the various players and their respective strategies to enhance their value chain.
Competitive Landscape
Some of the key players in the burglar alarm market include Inovonics Wireless Corporation (U.S.), Siemens AG (Germany), Aeon Systems Inc. (U.S.), Assa Abloy Group (Sweden), Johnson Controls (U.S.), Napco Security Technologies (U.S.), Securitas AB (Sweden), Interlogix (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Honeywell International Inc. (U.S.), ADT LLC dba ADT Security Services (U.S.), Banham Group (U.K.), and RISCO Group (U.K.). These players are offering wired and wireless solutions to attract a wider range of consumers.
The report offers comprehensive profiles on security alarm solution providers and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are discussed in granular detail.
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Research Methodology
At MRFR, our research analysts conduct a thorough objective analysis of the market when creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top-level decision makers of various leading companies in the relevant market combined with secondary research provides a thorough analysis of past and present trends in a forward-looking manner. Additionally, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the demand and supply-side. Credible resources are employed to assist analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.
Analysis Period
Base Year – 2017
Projection Period – From 2018 to 2023
Market Denomination – USD Billion
Conversion Rate – Considered as per the respective financial years
For the scope of research, the report offers a comprehensive analysis of the global burglar alarm market.
System & Hardware
Central Monitoring Receiver
Remote Terminal Unit
Alarm Sensors
Motion Detector Sensors
Door/Window Sensors
End-user
Small and Medium Enterprises
Residential
Region
North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Rest-of-the-World
Intended Audience
Semiconductor Manufacturers
Stakeholders
Electronic Security System Manufacturers
Research Firms
Consultancy firms
Distributors
Technology Investors
End-users
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