Burglar alarms are devices used to safeguard and alert owners of households and other premises, against unauthorized entrants. Global burglar alarm market expected to witness potential growth owing to increasing adoption of IoT-based security systems over the forecast period.
Major driving factors of for the global burglar alarm market are rising security concerns, coupled with increasing disposable income, and the necessity to safeguard individuals, as well as properties from rapidly evolving threats. In addition, increasing use of smart phones and mobile applications to monitor properties is gaining traction in gated and walled community. However, high cost of implementation and installation can limit growth of the target market to a certain extent.
Global burglar alarm market has been segmented on the basis of system and hardware, end-user, and region. On the basis of system and hardware, the market is segmented into central monitoring receiver, remote terminal unit, and alarm sensors. Alarm sensors segment is further bifurcated into motion detector sensors, and door/window sensors. On the basis of end-user, the market is segmented into small and medium enterprises, and residential. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Request For The Sample Report Here: https://marketresearch.biz/report/burglar-alarm-market/request-sample/
Market in North America is expected to register majority share in the global burglar alarm market, owing to increasing demand from industrial and residential sector. In addition, advent of new technologies such as wireless burglar alarms is propelling growth of the target market in this region. Asia Pacific market is projected to register significant growth, owing to increasing number of infrastructure development projects in emerging countries such as airport, railways, and highways over the forecast period.
Some prominent market players are Banham Patent Locks Ltd., ADT LLC, Johnson Controls International plc, Hangzhou Hikvision Digital Technology Co., Ltd., Securitas AZ, RISCO Group Ltd., Inovonics Corporation, Honeywell International Inc., Napco Security Technologies, Inc., and ASSA ABLOY AB.