Burglar Alarm Systems Global Market Report 2024

The burglar alarm systems market size has grown strongly in recent years. It will grow from $5.41 billion in 2023 to $5.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historical period can be attributed to increasing crime rates, a heightened focus on home and property protection, incentives such as insurance premium reductions, the effects of urbanization and population growth, and government initiatives aimed at enhancing public safety.

The burglar alarm systems market size is expected to see strong growth in the next few years. It will grow to $8.11 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to the integration with artificial intelligence, the adoption of cloud-based security solutions, the influence of smart city initiatives, the implementation of biometric authentication, and the increasing demand for energy-efficient and eco-friendly solutions. Major trends expected in the forecast period include innovations in mobile apps, technological integration, advancements in sensor technology, the seamless integration with smart home systems, and the incorporation of burglar alarm systems with video surveillance capabilities.

The burgeoningly popular trend of smart homes is anticipated to drive the growth of the burglar alarm system market. Smart homes, characterized by interconnected devices and systems with remote control and automation capabilities, enhance convenience, energy efficiency, and security for occupants. Integrated burglar alarm systems in smart homes offer advanced security features such as remote monitoring, alerts, and automation using smart sensors, cameras, and mobile apps. As of June 2022, Data Conomy reported an average of 17.1 connected gadgets and smart home appliances per home worldwide, marking a 10% increase from the previous year. The escalating popularity of smart homes is expected to be a key factor propelling the burglar alarm system market's growth.

The increasing rates of criminal activities are projected to further propel the burglar alarm system market. Crime rates, quantifying the frequency of criminal activities, drive the demand for burglar alarm systems as an effective deterrent. These systems detect unauthorized entry, triggering alerts that prompt swift responses from authorities or property owners. In 2023, the Office for National Statistics reported 191,490 home burglaries in England and Wales, with 37,466 burglaries reported to police in London. The surge in crime rates underscores the crucial role of burglar alarm systems in enhancing security and reducing successful burglaries.

The limited availability of skilled professionals for installation and maintenance poses a restraint on the burglar alarm system market's growth. The shortage of skilled professionals within the industry can impede the installation, maintenance, and technical support services, hindering the market's ability to meet the growing demand for security solutions. Advantis Global projected a potential global human talent shortage exceeding 85 million people by 2030, resulting in approximately $8.5 trillion in unrealized annual revenues. The scarcity of skilled professionals is a notable challenge restraining the burglar alarm system market.

Major companies in the burglar alarm systems market prioritize innovation, introducing features such as smart arming to enhance user security and convenience through remote control. Smart arming, exemplified by Alarm.com's December 2022 launch, offers intelligent auto-arming and disarming based on user activity. Customers can set specific times for system arming and disarming, and if the system detects unexpected activity, it immediately disarms.

In December 2021, Securitas AB bolstered its presence in the electronic security and security solutions sector by acquiring Supreme Security Systems for an undisclosed amount. This strategic acquisition expands Securitas' offerings and services in the northeastern United States, aligning with its goal to double the size of its electronic security and security solutions business. Supreme Security Systems Inc., the acquired entity, is a US-based provider of electronic services specializing in alarm monitoring and advanced security alarm system solutions.

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.

North America was the largest region in the burglar alarm system market in 2023. 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. The countries covered in the burglar alarm systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A burglar alarm system is a network of electronic devices strategically devised to identify unauthorized entry into a property and promptly alert the authorities or property owner. These systems are employed to deter crime and safeguard property, aiming to elicit a swift response from authorities or property owners.

The primary types of burglar alarm systems available in the market include wireless burglar alarm systems and wired burglar alarm systems. A wireless burglar alarm system is a security system that leverages wireless technology to detect and notify homeowners or businesses of potential intrusions or security breaches. The applications associated with these systems encompass components such as hardware and software, catering to both commercial and industrial as well as residential settings.

The burglar alarm systems market research report is one of a series of new reports that provides burglar alarm systems market statistics, including burglar alarm systems industry global market size, regional shares, competitors with burglar alarm systems market share, detailed burglar alarm systems market segments, market trends, and opportunities, and any further data you may need to thrive in the burglar alarm systems industry. This burglar alarm systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The burglar alarm systems market includes revenues earned by entities that provide services such as installation, monitoring, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The burglar alarm systems market also includes sales of alarm equipment and devices such as sensors, control panels, keypads, and sirens. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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