By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America dominated the Burglar Alarm Market with a share of 34% of the total market in 2021. North America is one of the most advanced regions across the globe in terms of infrastructure, economy, and technology. For this study, the region has been further divided into the US, Canada, and Mexico. The growing demand for security infrastructure and premises within industries, offices, and homes is propelling the growth of the North American Burglar Alarm market.
Moreover, the existing infrastructure and presence of the major players who work closely with the key safety industry standard-setting groups and trade associations in the region provide North America with ample opportunities for significant growth in the forecast period. The key players in the market are constantly introducing more innovative and productive burglar alarm solutions in the market at a reduced cost.
According to the United States Department of Justice yearly data, there are 2.5 million burglaries annually in the United States, with over half of these being home invasions. Based on further analysis of crime statistics, there are four primary types of burglaries: complete burglary, forcible entry, unlawful entry without force, and attempted forcible entry.
For the study, Asa-Pacific has been segmented into comprises China, Japan, India, South Korea, and the rest of Asia-Pacific. The rising security concerns, the boom in the real estate sector, growing adoption of smart building technologies are among the key factors that have generated market demand for burglar alarms in the region. Furthermore, the easy availability of low-cost burglar alarms, rise in urbanization, and increase in disposable income also propel the burglar alarm market in Asia-Pacific.
Zhejiang Dahua Technology Co., Ltd, Hikvision, Ajax System, DSX Access System, and Fujian Chuango security technology co., LTD. are among the key players operating in the Asia-Pacific burglar alarm market.
China is one of the leading exporters of burglar alarms across the globe. It has signed free trade agreements with Hong Kong, Singapore, South Korea, Australia, New Zealand, Chile, Costa Rica, Iceland, Switzerland, Macao, Peru, Pakistan, and Taiwan, to enable smooth trading. During the forecast period, the massive production level in the country will influence the demand for these devices in the domestic market. Additionally, the government and private investors are supporting smart building initiatives that will further boost burglar alarm adoption in the country.
Europe comprises Germany, France, the UK, Italy, and the rest of Europe. The region witnesses a considerable presence of burglar alarm manufacturers that are focused on developing technically advanced alarm systems to attract several residential townships and commercial office spaces. The key factors driving the burglar alarm market in the region are the adoption of high-quality security access systems to prevent intruders, potential theft, and other similar acts, the need to refurbish existing alarm systems with the latest technologies, and the growing smart building market in the region.
Further, the countries considered in the scope of the Burglar Alarm market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
FIGURE 2: BURGLAR ALARM MARKET SHARE BY REGION 2022 VS 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
