Intruder Alarm System Market Size was valued at USD 2301.19 million in 2022. The Intruder Alarm market industry is projected to grow from USD 2,486.2 million in 2023 to USD 5922.09 million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.70% during the forecast period (2024 - 2032). Increased application in the residential and commercial sectors propelling the demand for intruder alarm systems.
Figure 1: Intruder Alarm System Market Size, 2018-2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
DIY home security systems are becoming more popular due to their low cost, ease of installation, and smartphone-enabled implementation. Because of the adaptability of DIY security systems, non-traditional security service providers will be able to increase the overall occupancy rate of alarm systems in homes.
Furthermore, the flexibility associated with DIY security systems will assist non-traditional security service providers in increasing the overall penetration rate of alarm systems in homes. Consumer video cameras are typically high-resolution IP cameras that enable users to monitor their homes and review footage from previous events at their leisure. All of this is possible with a dedicated intruder alarm mobile phone application, which adds to a sense of security.
The lower cost of these systems versus professional security systems is expected to drive market growth in the coming decade. Furthermore, the ease of use of DIY security systems will assist non-traditional security service providers in increasing the total penetration rate of alarm systems in households.
The COVID-19 pandemic has significantly impacted the global intruder alarm system industry's growth. COVID-19 has had a negative impact on major markets like the United States and China, as supply chain instability has resulted in a global decline in demand for intruder alarm system. Due to the pandemic, homeowners forced to stay home continue prioritizing protection for their families. 35% of broadband households are extremely concerned about the safety and security of their home.
In the long run, the COVID-19 pandemic has accelerated the advancement of what an intruder alarm system should do. Since this function has recently grown to include life comfort through home automation integration, the coronavirus outbreak has highlighted the importance of life safety and health monitoring. It has provided an opportunity for intruder alarm makers to augment their home security offerings with app-based health monitoring features as part of a comprehensive home safety, security, and health product offering.
Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.
The global Intruder Alarm market segmentation, based on type, includes wired alarm system, wireless alarm system and hybrid alarm system. The hybrid alarm system type dominated the market in 2022, hybrid systems incorporate the benefits of both worlds and can be wired or wireless in parts.
Simple system installation components can be wired, and wireless devices can be installed on a hard-to-reach detector, such as one that is located at the top of a warehouse and would need many personnel hours to wire. The replacement and expansion of an existing system may benefit from hybrid systems. The current wiring for wired devices can be utilised, and wireless extension will likely become an option in the future.
March 2020, Napco Security Technologies announced the launch of iSecure Complete Cellular Alarm Systems. The iSecure is designed to help security pros to be more competitive, adding more residential accounts and new RMR while offering the professional-grade security systems, remote Smart App & notification alerts consumers want.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The global Intruder Alarm market segmentation, based on the component, includes hardware, software, and services. Hardware segments hold the largest market share in 2021. Intrusion alarm systems are intended to detect anomalous intrusions into a building or outdoor area. An intrusion alarm system’s objective can include alerting police to a break-in, warning residents of an intrusion, frightening residents, or some combination of these. Intruder alarm systems require various hardware components that include a central monitoring system, motion detection sensors, alarm sensors, a remote terminal unit, and others.
September 2020 Hikvision launched AX PRO for comprehensive wireless alarm solutions. It includes a compact panel hub for a wide range of detectors and peripherals, covering intrusion detection, video verification, smoke detection, flood detection, and home automation.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The global Intruder Alarm market data has been bifurcated by Application into residential and commercial. The commercial segment held the largest market share in 2022, Business locations are often in high-traffic areas with higher crime rates, and criminals may find commercial premises enticing. As a result of the security measures other firms have put in place, the environment around it also affects its safety. Commercial intruder alarm systems are therefore highly developed and comprehensive, and they are frequently built to safeguard considerably larger and more important locations. The complex has several levels of security measures installed, including video surveillance cameras and controlled access cards.
December 2020 Securitas acquires FE Moran Security Solutions in the US. This company is one of the US's top 30 alarm monitoring and electronic security systems. The acquisition increases Securitas density and offerings in the United States Midwest region and helps the company to double the size of its security solutions and electronic security business.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The Asia-Pacific Intruder Alarm market accounted for USD 989.8 million in 2022 and is expected to exhibit an XX% CAGR during the study period. The expanding electronic industry in the Asia Pacific region is one of the primary drivers of the intruder alarms market.
Urbanization and high disposable income are two major factors driving the growth of the intruder alarms market. Japan, as the center of the electronic manufacturing industry, is expected to grow rapidly during the forecast period. The significant expansion of the real estate and information technology sectors in Asia Pacific is expected to drive demand for smart alarm systems. Home security solutions and services have seen increased demand in recent years from countries such as India, Japan, Singapore, and others, which is expected to contribute to regional market growth.
The countries considered in the scope of Intruder Alarm market are 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.
The intruder alarm system market has witnessed significant growth over the forecast period due to increasing need for business efficiency and agility in the digital era, AI playing a major role in intruder alarm system, and growing need for data protection in the age of intruder alarm system. There are several domestic, regional, and global players operating in the intruder alarm system market who continuously strive to gain a significant share of the overall market.
Some of the major players operating in the global market include Godrej & Boyce Mfg. Co. Ltd, Johnson Controls, Robert Bosch Gmbh, Honeywell International Inc., Adt, Assa Abloy Group, Hangzhou Hikvision Digital Technology Co., Ltd., Banham Group, Securitas AB, Risco Group, Napco security technologies and Others.
Occtober 2021 Gurtam collaborates with Hangzhou Hikvision Digital Technology Co Ltd to combine its mobile products with Gurtam's GPS tracking technology to produce a comprehensive telematics solution.
August 2021 Honeywell has introduced the Morley MAx fire detection and alarm system, which helps to improve building and occupant safety.
December 2022 Home security specialists ADT UK and Ireland announce the release of the new ADT Smart Home Hub, a new touchscreen alarm panel, for their ADT Smart Home system.
January 2020 Securitas acquires a leading electronic security company, Techco Security, in Spain. The acquisition represents an important milestone in the transformation and will form an even stronger position in delivering quality electronic security services to the clients and will continue growing the business with the team
North America
Europe
Asia-Pacific
Rest of the World
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2,301.19 million |
| Market Size 2032 | USD 5922.09 million |
| Compound Annual Growth Rate (CAGR) | 9.70% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018-2022 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Component, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa and South America |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Godrej & Boyce Mfg. Co. Ltd, Johnson Controls, Robert Bosch Gmbh, Honeywell International Inc., Adt, Assa Abloy Group, Hangzhou Hikvision Digital Technology Co., Ltd., Banham Group, Securitas AB, Risco Group, Napco security technologies and Others. |
| Key Market Opportunities | DIY Home Security Systems Creation Of Cutting-Edge Motion Detectors |
| Key Market Dynamics | Integration Into Residential Security Systems, Home Security, And Building Management Solutions Integration With Video Security Systems |
Frequently Asked Questions (FAQ) :
A 9.70 % CAGR is expected to transform the market.
The Asia-Pacific regional market is projected to be the major driver of the market.
Godrej & Boyce Mfg. Co. Ltd., Johnson Controls, and Robert Bosch Gmbh. , Honeywell International Inc. , Assa Abloy Group are the key players in the market.
The segments in the market are Type, Component, Application, and region.
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