The global demand for intrusion alarm systems witnessed a minor slowdown in 2020 due to Covid-19 pandemic. The closure of manufacturing facilities declined the sales throughout the world resulting in slow progress of this market. However in 2021, as the condition has changed as a result of removal of stringent barriers as well as reduced covid cases, major industrial players are attracting the users through product innovations and upgradations.
Well-known industrial players including Honeywell International, Bosch Service Solutions GmbH, FrontPoint Security Solutions, LiveWatch Security, Assa Abloy AB, Cognitec Systems and Fujitsu Limited are adopting strategic tactics such as strategic collaborations, mergers and acquisitions, joint ventures, partnerships, geographical expansions, product diversifications, technological upliftments, capacity utilizations etc to achieve a notable position in the market and increase their profitability level.
Research and developments and innovative launches continue to the effective strategies in 2021 enabling the key playes to expand their business operations and fascinate global users. Johnson Controls International and Schneidr Electric Corporation are consistently delivering innovation in their recently launched intrusion alarm systems as a commitment of providing better and improved products and services.
For instance, Hangzhou Hikvision Digital Technology, a leading global renowned provider of innovative security products and solutions launched its new generation of DS-KV8X13 for IP Villa Door Stations on 10th December, 2019. The new series provides a simpler video intercom solution for houses and small buildings and delivers more convenience, security and style on the doorstep. These have been designed to be user-friendly, making installation easy and cost effective. Standard Power Over Ethernet (POV), plug and play and wifi technologies simplify installation and can provide fast and convenient data transmission. Both flush and surface mounting options are available for a flexible installation. Hikvision’s DS-KV8X13 series IP Door Stations are robust and resistant to force and water. A 2MP Fisheye IP camera, which supports WDR, can provide sharp HD images enabling users to see clearly who is outside and to keep better security and peace of mind. This latest series is gaining the attention of people creating more sales throughout the world.
In addition to Hikvision Digital Technology, Assa Abloy Corporation announced that it signed an agreement on 25th November, 2019 to acquire AM Group, an Australian industrial door company within entrance automation. The acquisition of AM Group is done to compliment the product offerings and geographical coverage of Hikvision Corporation. By adding the strong product portfolio including rolling steel doors, bi-fold doors and latest intrusive alarms to Assa Abloy’s commercial network, technologies and competencies, the company is witnessing immense progress.
Furthermore,Vivint Smart Home Incorporation, a leading smart home company has introduced ‘Vivint Doorbell Camera Pro’, an AI powered doorbell camera that intelligently detects packages and actively helps to protect them from porch pirates and other potential threats. With more than a million packages stolen or that go missing from porches every day, the new doorbell camera provides home owners peace of mind by helping to prevent crime before it happens. The Vivint Doorbell Camera Pro has the industry’s first 180 degree vertical and horizontal field of view along with a 1:1 aspect ratio so that the user can see both the faces of tall visitors and packages left directly below the camera. The camera’s smart sentry analytics intelligently detects and monitors the porch to keep everything safe. If someone attempts to steel the delivery, smart sentry activates the camera’s deterrent features and a flashing red LED light ring and a warning alarm tone starts ringing to alert the person that they have been spotted. This also triggers a notification to the user’s smartphone. This latest innovation by Vivint is highly appealing and is fascinating the customers through its unique safety features.
How will Demand for Intrusion Alarm Systems Grow during 2021-2031?
The intrusion alarm system market is expected to rise with significant market presence amidst the emerging market for video surveillance and access control systems. Growing application of intrusion alarm system in residential, commercial, and industrial infrastructure has propelled adoption of intrusion alarm system. Further, the intrusion alarm system market is marked by a variety of reliable and affordable security solutions suitable to modern and affluent consumers. Implementation of effective technologies such as sensor systems, wireless technology and IoT in the design of intrusion alarm system has further enhanced the efficiency and reliability of these alarms. Advances in sensor technology such as long-range passive infrared detectors and radar technology have increased the penetration of perimeter security. On the same lines, thermal radar systems are made efficient and cost-effective using thermal sensors with extended detection diameter of people and vehicles. Advances as such have broadened the consumer base of the intrusion alarm system market.
Intrusion alarm system manufacturers are focusing on introducing novel intrusion alarm systems in the market. Rapidly spreading industrialization and the ongoing up-gradation of the fourth industrial revolution has led to the increased construction of industrial complexes. As incidences of burglary and breaches are on the rise, starting from industry to residential sector, installation of security services have increased in parallel, in turn, driving the intrusion alarm system market growth.
An analytical research report developed by Fact.MR delivers valuable insights on global intrusion alarm systems market by providing an all-inclusive forecast on the market growth over the assessment period (2018-2027). The report offers lucid analysis on the prevailing scenario in the intrusion alarm system landscape, and studies the impact of key developments on the intrusion alarm system market. The report is a valuable source of information and guidance for stakeholders.
Adoption of Intrusion Alarm System Growing
Security systems find wide-ranging applications in residential, commercial, military and industrial areas. Among these, demand for intrusion alarm systems is likely to witness robust growth in the residential sector on account of growing awareness among end-users. Additionally, ongoing technological advancements and falling prices of intrusion alarm systems are likely to motivate consumers to upgrade existing systems or to install new ones. In addition to these factors, growing emphasis on boosting security apparatus in residential sector is likely to provide an impetus to demand during the assessment period. The number of gated communities has been witnessing a steady increase, especially in developing countries, which has further opened up new avenues of growth for intrusion alarm systems.
Continuous Roll Out of New Technologies Likely to Increase Demand for Intrusion Alarm Systems
Demand for intrusion alarm system is likely to be benefitted by continuous roll out of latest technology such as biometrics and smart cards, as well as growing adoption of these high value technologies. Comparatively, mature access control technologies like keypad systems and magnetic stripe cards, will continue to be utilized in various applications owing to their simplicity. Cyclic recovery in business and consumer spending, particularly residential building expenditures are further boosting demand for intrusion alarm system market.
The intrusion alarm systems exists in technology driven market, which is continuously improving and changing to the benefits of consumers. Incorporation of wireless technology in these systems has led to an enhancement in the features, which in turn has augured well for the prospects of the overall market.
As wireless technology became inexpensive and accessible, intrusion alarm system manufacturers adopted this technology to launch affordable variants in the market. In addition to the wireless feature, intrusion alarm manufacturers have also widely adopted touchscreen features to provide a seamless ease of use to consumers.
In the wake of increasing burglar incidences and human limitations, a growing emphasis on the deployment of intrusion alarm system has been observed, which is benefiting intrusion alarm system manufacturers. Additionally, busy lifestyle of individuals is leading to necessity of controlling the devices at home remotely. With the advancement of technology, securing homes is possible by the integration of smartphones. Some leading manufacturer are focusing on development of automatic home security systems on the basis of GSM technology and embedded microcontroller unit. Such technological advancements are likely to attract individuals to adopt advanced intrusion alarm systems.
Value Added Features to Attract Huge Consumer Pool
Advancement in intrusion alarm systems such as implementation of sensors, which detects physical quantities can produce alarm in case of fire, gas leakage, and changes in temperature. At larger sites, these systems are usually linked with camera systems, visitor management system, and access control system as a part of integrated solution. These added features in intrusion alarm system are likely to gain traction in foreseeable future.
On the other hand, distributed denial of service (DDoS) attacks are the main concern in this digital world. Minimizing DDoS attacks is very hard when it comes to highly distributed botnet-based attacks. Therefore, it is important to detect these types of attacks in early stage to protect end-user and network infrastructure. The core of this system is to include intrusion alarm system, which is located at internet service provider levels. Such innovative use of intrusion alarm system is likely to further propel growth of the market.
Overall, the report on global intrusion system market is a holistic and comprehensive source of information and analysis for stakeholders in this landscape. The report can serve as a valuable guide for players looking to make a foray into this market. Existing players can also benefit from the insights offered in the report and plan their product strategies.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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