According to a new market report published by Credence Research, Inc., “Global Window Alarms Market (By Product Type (Wired and Wireless), By Application (Residential, Commercial, Industrial, and Government)) – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global window alarm market is expected to see a growth of 5.0 per cent of CAGR during the forecast period from 2018 to 2026.
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The global window alarm market is likely to see significant growth, growing at a CAGR of 5.0 per cent during the forecast period from 2018 to 2026. The growing preference for secured homes and digital securities is driven by the worldwide adoption of window alarms. The increase in the number of potential threats to commercial and residential end-users has increased the requirements for high physical safety infrastructure. Rising adoption of smart homes is one of the key factors that will have a positive impact on the growth of the market. In addition, the incorporation of effective safety systems is set to increase the focus on safety and anti-theft for children. This, in turn, will facilitate the growth of the window alarm market worldwide during the forecast period from 2018 to 2026.
The global market for window alarms, based on application, was dominated by the residential segment in 2017. The segment is likely to remain dominant throughout the forecast period from 2018 to 2026. Rising preference for smart homes facilitates the growth of window alarms in residential applications. Furthermore, based on geography, North America led the market for window alarms in 2017. Growing inclination towards smart security solutions is increasing the growth of window alarms in the region. In addition, the presence of some of the leading market players, including ADT Inc., United Technologies Corporation (UTC Fire & Security Corporation), Honeywell International Inc. and others, is also encouraging market growth.
Major players in the window alarms market include ADT Inc., Anderson Corporation, United Technologies Corporation (UTC Fire & Security Corporation), Honeywell International Inc., Robert Bosch LLC, Karassn Security & Protection Electronics Company Ltd., Samsung, Swann, Eve Systems, Somfy Protect, SABRE – Security Equipment Corp., and Doberman Security Products, Inc. among others.
The window alarms manufacturers are adopting several strategies in order to thrive in the competitive market environment. Partnerships remain the most significant strategies that are adopted by the key players to gain an edge over others players in the market.
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For instance, in March 2018, ADT Inc., one of the leading provider of monitored security, business automation and interactive home solutions in the U.S. and Canada acquired Acme Security Systems, one of the largest privately held security systems company. The acquisition of Acme will further drive the Company’s commercial growth and expansion in the market.
Report Scope by Segments
By Product Type Segment (2016-2026; US$ Mn)
By Application Segment (2016-2026; US$ Mn)
By Geography Segment (2016-2026; US$ Mn)
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America
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