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The global Burglar
Alarm Industry is predicted to touch USD 4.9 billion at a
5.8% CAGR between 2018- 2023 forecast period, as per the recent Market Research
Future (MRFR) analysis. Burglar alarms, simply put, are devices that have been
specially designed for enforcing and safeguarding the security
of industrial
properties and homes. This can help in detecting unwanted intrusion/trespassing
of personnel & prevent theft. Alarm sensor, remote terminal unit, and
central monitoring receiver are its different types of system and hardware.
Owing to its alluring features and plentiful benefits, burglar alarms have wide
applications in residential and small & medium enterprises. Various
factors are propelling the global burglar alarm market growth. According to the
latest MRFR report, such factors include the growing popularity of smart homes,
increasing use of smart devices and smartphones, and policy discounts to
install security alarms. Additional factors adding market growth include rising
security concerns and increasing disposable income. On the contrary, high
installation & implementation cost, false alarms and the impact of the
current COVID-19 pandemic may limit the global burglar alarm market growth over
the forecast period.
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Segmentation:
The MRFR burglar alarm project report provides an
inclusive segmental analysis of the global burglar alarm market based on end
user and system & hardware.
By system and hardware, the global burglar alarm
system market is segmented into alarm sensor, remote terminal unit, and central
monitoring receiver. The alarm sensor segment is again segmented into
door/window sensors and motion detector sensors. This segment will lead the market
over the forecast period for the wide use of burglar alarms in commercial,
military, industrial, and residential complexes. It is likely to develop at a
6.8% CAGR.
By end user, the global burglar system market is
segmented into residential and small & medium enterprises. Of these,
the residential segment will dominate the market over the forecast period for the
increasing security concerns following the rise in crime rates.
Regional
Analysis:
Based
on the region, the global burglar alarm market report covers the growth
opportunities and recent trends across North America, Europe, the Asia Pacific
(APAC), & the Rest of the World (RoW).
Of
these, North America will lead the market over the forecast period. Surging
need in industrial and residential buildings, technological advances, strict
government policies, focus on critical infrastructure protection, and the use
of high-security technology to protect valuable data is adding to the global
burglar alarm system market growth in the region.
The
global burglar alarm market in the APAC region is predicted to grow at a fast
pace over the forecast period. Increasing use in infrastructural projects
coupled with the urgency of economies like China & India to establish
themselves on the global platform via building smart cities & being an immensely
safe place for tourism is adding to the global burglar alarm market growth in
the region. It is predicted to grow at a 7.8% CAGR.
The
global burglar alarm market in Europe is anticipated to have healthy growth
during the forecast period, and the market in the MEA is predicted to have
sound growth over the forecast period.
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Full Report Details @ https://www.marketresearchfuture.com/reports/burglar-alarm-market-6364
1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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Market Research Future:
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