Global Burglar Alarm Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global burglar alarm market will account to an estimated USD 3.58 billion in 2018 growing at a CAGR of 5.6% during the forecast period of 2019 to 2026.

Access Full Report at https://databridgemarketresearch.com/reports/global-burglar-alarm-market/

Global Burglar Alarm Market

Burglar alarm can be defined as those electronic devices and equipments that are utilized for the protection of residences and commercial areas against intrusion of personnel or theft of any kind. It involves the usage of an electronic circuit which is integrated with various other devices which detect the presence of any unwanted personnel and inform the user of the alarm against this activity.

Segmentation: Global Burglar Alarm Market

Global burglar alarm market is segmented on the basis of system & hardware, end-user and geography.

By System & Hardware (Central Monitoring Receiver, Remote Terminal Unit, Alarm Sensors), End-User (Small and Medium Enterprises, Residential) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN BURGLAR ALARM MARKET

Innovative products’ launching strategy adopted by various competitors

  • In 2018, Ring’s launched a home security system with help of burglar smart alarm that offers cameras and professional monitoring service to detect the atmosphere of the home.
  • In 2017, Google Nest launched a smart burglar alarm, which is beneficial in providing facial recognition and other tools. It also offered built in video camera and speakers with new alarm system software.

Key Market Competitors:

Few of the major competitors currently working in the burglar alarm market are Inovonics Wireless Corporation, Siemens AG, AEON SYSTEMS, INC., ASSA ABLOY, Johnson Controls, Napco Security Technologies, Inc., Securitas, Collins Aerospace, Hangzhou Hikvision Digital Technology Co.,Ltd., Honeywell International Inc., ADT, Banham Group and RISCO Group.

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