Market Research Future Insights
According to MRFR analysis, the global Burglar Alarm Market is expected to register a CAGR of 6.26% from 2021 to 2030 and hold a value of over USD 7.43 billion by 2030.
A burglar alarm is a kind of standard equipment that is used in the home security system. It is also cast-off to present home security networks in residential and commercial activities. The burglar alarm is a kind of electric circuit that is mechanical by electrical and electronic devices. The burglar alarm covers closed circuit systems and open circuit systems that are cast off to open and close the doors and windows. The burglar alarm is presently working on magnetic sensors that are cast off to sense the movements of the manager box to offer signals to the police department in the security system. COVID-19 had a negative impact on the global burglar alarm market owing to commute restrictions. The market faced several challenges, such as regulatory and policy changes, working capital management, supply chain execution, and dependency on labor. However, organizations prepared strategic cost-saving plans to achieve the impact of the pandemic. The demand for burglar alarms has augmented to manage and ensure security across residential and commercial sectors in the post-pandemic scenario.
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Regional Analysis
North America dominates the burglar alarm market because of the upsurge in the requirement for residential and commercial buildings within the region.
Asia-Pacific is anticipated to witness significant growth during the estimated period of 2022 to 2030 because of the increase in security concerns as well as the rising infrastructure development in emerging economies such as China and India inside this region.
Market Segmentation
The global Burglar Alarm Market has been segmented into system and Hardware, and End-user
Based on the System and Hardware, The global Burglar Alarm Market has been segmented into Central Monitoring Receivers, Remote Terminal Units, Alarm Sensors, Motion Detector Sensors, and Door/Window Sensors
Based on the End User, The global Burglar Alarm Market has been segmented into Small and Medium Enterprises, and Residential
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Key Players
Some of the key market players are Security Focus (Sri Lanka), Hanchett Entry Systems, Inc. (US), Johnson Controls (Ireland), Napco Security Technologies, Inc. (US), Securitas AB (Sweden), ATSS Technology Solutions Provider (India), Collins Aerospace (US), Inovonics Wireless Corporation (US), Siemens (Germany), AEON SYSTEMS, INC. (US), Bosch Sicherheitssysteme GmbH (Germany), and Tyco Integrated Security (US)
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