The North America Burglar Alarm Systems Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
The smart alarms linked to the main monitoring system also record the incident's audio and video for later use as evidence. In recent years, burglar alarm systems have advanced dramatically. The overall security systems market has been affected by advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT). The usage of smart houses in smart security systems is predicted to increase the demand for home security systems. Future technologies, such as the Internet of Things, will enable the creation of smart homes. Furthermore, developments in sensor data fusion technologies have increased the demand for advanced security systems among end-users.
The market has grown quickly as technology advances year after year, making the sector more efficient. Burglar alarm systems are integrated with home security, security systems, and building management solutions to provide a solid foundation while minimizing expenses. Burglar alarm systems are increasingly being integrated with video security systems. Intelligent sensor technologies are continually being developed and optimized by companies like Honeywell, Assay Abloy, and Johnson to meet the diverse security expectations of end-users.
Burglary is defined by the FBI's Uniform Crime Reporting (UCR) Program as the unauthorized entry of a structure in order to conduct a felony or theft. The use of force to gain entrance is not required to categorize an offense as a burglary. There were approximately 1,117,696 burglaries in 2019. Burglaries made up 16.1% of the total number of property offenses reported. In 2019, burglary victims lost an estimated $3.0 billion in property as a result of their crimes. Each burglary offense resulted in a $2,661 loss on average.
Residential property burglaries accounted for 62.8 percent of all burglaries. In the United States, there are a high number of robberies and burglaries. The stealing or attempting to remove anything of value from the care, custody, or authority of a person or individuals by force, the threat of force or violence, and/or inducing fear in the victim is defined by the FBI's Uniform Crime Reporting (UCR) Program. In addition, the Federal Bureau of Investigation estimates that there were approximately 267,988 robberies across the country in 2019.
The US market dominated the North America Burglar Alarm Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,542.3 million by 2028. The Canada market is experiencing a CAGR of 8.3% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2022 - 2028).
Based on Application, the market is segmented into Residential and Commercial & Industrial. Based on Component, the market is segmented into Hardware (Alarm Sensors, Motion Detection Sensors, Central Monitoring Receiver, Remote Terminal Unit, and Door/ Window Sensors), Software, and Services. Based on Type, the market is segmented into Wired Alarm System and Wireless Alarm System. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Burglar Alarm Systems Market is Estimated to reach $5.7 Billion by 2028, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ADT, Inc., Assa Abloy AB, Hangzhou Hikvision Technology Co., Ltd., Honeywell International, Inc., Johnson Controls International PLC, Siemens AG, Napco Security Technologies, Inc., RISCO Ltd., Inovonics Wireless Corporation, and Banham Security.
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