Intruder Alarm System Global Market Report 2024

The intruder alarm system market size has grown rapidly in recent years. It will grow from $2.23 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to growth in wireless and connected security solutions, growth in the popularity of remote monitoring services, growth in the number of security systems, growth in the prevalence of mobile-based security applications, and increased urbanization.

The intruder alarm system market size is expected to see rapid growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to rising smart home adoption, rising demand for IoT-enabled security devices, growing consumer awareness about security solutions, growing adoption of cloud-based security solutions, and increasing focus on cybersecurity. Major trends in the forecast period include biometric technologies, video security systems, adoption of cloud-based security, artificial intelligence, adoption of DIY home security installations, and technological advancements.

The rise in crime rates is anticipated to drive the growth of the intruder alarm system market in the foreseeable future. Crime rates represent the frequency or occurrence of criminal activities within a specific geographical area or population during a defined period. Increasing crime rates can be attributed to various factors such as economic instability, social unrest, and gang-related activities. Intruder alarm systems play a crucial role in crime prevention by acting as a deterrent through their visible presence, ensuring swift notification to authorities or designated contacts during breaches, and enabling monitoring capabilities to gather evidence of intrusions. For example, data from the Office for National Statistics in October 2023 indicated a 4% increase in crime in England and Wales for the year ending June 2023 compared to the previous year, with total recorded crimes rising to 6.7 million from 6.5 million in the year ending June 2022. Consequently, the upward trend in crime rates is fueling the expansion of the intruder alarm system market.

Key players in the intruder alarm system market are focusing on developing advanced products such as wireless alarm systems to offer reliable and robust security solutions. Wireless alarm systems utilize wireless communication technology to detect potential intrusions or emergencies and alert users accordingly. For instance, in April 2024, Hangzhou Hikvision Digital Technology Co. Ltd. introduced the AX HOME series wireless alarm system, a user-friendly home security solution. This system, utilizing the open-things access protocol, enhances integration with external devices while ensuring easy deployment, scalability, two-way authentication, data encryption, and efficient transmission. The AX HOME series is designed for minimal maintenance costs, simple setup and management via online and mobile apps, and straightforward installation with just two steps for user activation.

In July 2023, Wayne Alarm Systems Inc., acquired Sentry Protective Systems, aiming to strengthen its presence in the security industry by incorporating Sentry Protective's exceptional service, personalized care, and established customer base into its offerings. Sentry Protective Systems specializes in providing intruder alarm control panels and systems, enhancing Wayne Alarm Systems' capabilities and market position.

Major companies operating in the intruder alarm system market are Honeywell International Inc., Johnson Controls International plc, Securitas AB, Hangzhou Hikvision Digital Technology Co. Ltd., Assa Abloy Group, ADT Inc., Godrej & Boyce Mfg. Co. Ltd, Robert Bosch GmbH, Vivint Smart Home Inc., Nortek Security & Control LLC, UTC Fire & Security Americas Corporation Inc., Stanley Black & Decker Inc., SimpliSafe Inc., Godrej & Boyce Mfg. Co. Ltd, Napco Security Technologies Inc., Visonic Ltd., RISCO Group, Frontpoint Security Solutions LLC, DSC (Digital Security Controls), AlarmForce Industries Inc., Banham Patent Locks Limited, Pyronix Limited.

North America was the largest region in the intruder alarm system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intruder alarm system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the intruder alarm system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Intruder alarm systems are security devices designed to detect unauthorized entry or intrusion into a premises or building. These systems utilize a range of sensors, detectors, and control panels to alert property owners or authorities of potential threats. They are employed to protect residential, commercial, industrial, and institutional properties against unauthorized access by notifying property owners, occupants, or security personnel.

The primary types of intruder alarm systems include wired alarm systems, wireless alarm systems, and hybrid alarm systems. A wired alarm system typically involves the use of physical cables to connect sensors, detectors, and control panels for detecting intruders and issuing alerts. These systems comprise various components such as hardware, software, and services, serving diverse applications such as residential, commercial, and industrial security needs.

The intruder alarm system research report is one of a series of new reports that provides intruder alarm system market statistics, including the intruder alarm system industry's global market size, regional shares, competitors with an intruder alarm system market share, detailed intruder alarm system market segments, market trends and opportunities, and any further data you may need to thrive in the intruder alarm system industry. This intruder alarm system 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 intruder alarm systems market consists of revenues earned by entities providing services such as providing early detection and notification of intrusions, monitoring services, installation services, and maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The intruder alarm systems market also includes sales of shock sensors, glass break sensors, and security cameras. 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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