DUBLIN, September 22, 2021--(BUSINESS WIRE)--The "Alarm Systems and Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Major players in the alarm systems and equipment market are ADT, Moni, Honeywell, Securitas, UTC, Schneider, Johnson Controls, Vivint, Vector Security and Bosch.
The global alarm systems and equipment market is expected to grow from $22.51 billion in 2020 to $22.92 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%. The market is expected to reach $25.43 billion in 2025 at a CAGR of 3%.
The alarm systems and equipment market consist of sales of alarm systems and equipment and related services for protection and security of residential or commercial building. Alarm systems and equipment are the devices that gives an audible, visual or other form of alarm signal about a problem or condition and can perform functions such as access control, lighting and heating control in homes or buildings. The different types of alarm systems include door alarm, motion sensor alarm, glass break sensor, water alarm, and heat alarm.
The alarm system and equipment market is driven by increasing investments in smart homes which is driven by safety and security concerns among households. Consumers are more focusing on security than before, mostly in residential areas with an increase in crime rates. Smart home devices such as smart alarms and related equipment is being preferred by the households to be more safe and secure.
The inconvenience caused due to false alarms is expected to limit the growth of the alarm system and equipment market. False alarm is a common issue in any type of alarm system and can occur due to various reasons such as incorrect key pad codes, untrained authorized users, humidity or temperature change, cooking fumes, highly sensitive devices and others, thus hindering the growth of alarm systems and equipment market during the period.
False alarm causes unnecessary panic and brings resources such as emergency and police services to a place where they are not needed. According to a study by Building Research Establishment (BRE), in 2019, more than £1 billion ($1.11 billion) is lost every year due to false alarms.
Companies in the alarm system and equipment market are increasingly investing in wireless protocols for fire detection. Fire safety systems find applicability at homes, many government offices, private offices, public places. Alarm system and equipment are primarily designed to warn occupants of a trouble, so they can safely leave the premises.
For instance, a wireless technology, ZigBee developed by Zigbee Alliance has gaining attentions for its application in the fire early detection. Some of the key companies are manufacturing home alarm system including Honeywell International, Inc., Bosch Security Systems, Alarm.com, ADT Corp, and Nortek Security & Control.
On September 2019, Redwire, security specialists in Tallahassee, Florida, acquired American Alarm & Audio for an undisclosed amount. The acquisition will bring loyal customers to Redwire and also the company will be benefitted by American Alarm & Audio's wide variety of security products and services for residential and commercial such as alarm systems, camera systems, home audio, structured wiring and central vacuum. American Alarm & Audio is family owned and operated security company in headquartered in Florida, USA.
Key Topics Covered:
1. Executive Summary
2. Alarm Systems and Equipment Market Characteristics
3. Alarm Systems and Equipment Market Trends and Strategies
4. Impact of COVID-19 on Alarm Systems and Equipment
5. Alarm Systems and Equipment Market Size and Growth
5.1. Global Alarm Systems and Equipment Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Alarm Systems and Equipment Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Alarm Systems and Equipment Market Segmentation
6.1. Global Alarm Systems and Equipment Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Alarm Systems and Equipment Market, Segmentation by Communication Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Wired Telecommunication Network
Cellular Wireless Network
Wireless Radio Network
7. Alarm Systems and Equipment Market Regional and Country Analysis
7.1. Global Alarm Systems and Equipment Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Alarm Systems and Equipment Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
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Laura Wood, Senior Press Manager
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