fbpx
17.9 C
Sydney
Thursday, May 30, 2024

Buy now

  • HihkVision Colour Vu
  • HIKVISION
  • HID
HomeSecurityAccess ControlU.S. Market for Security Alarms Set to Reach $5B by 2021

U.S. Market for Security Alarms Set to Reach $5B by 2021

17.9 C
Sydney
16.7 C
Brisbane
13.8 C
Canberra
24.9 C
Melbourne

RECOMMENDED

WEATHER

Sydney
overcast clouds
17.5 ° C
19.3 °
14.6 °
69 %
5.1kmh
100 %
Thu
19 °
Fri
20 °
Sat
16 °
Sun
16 °
Mon
16 °

Latest Articles

STAY CONNECTED

2,467FansLike
1,411FollowersFollow
0FollowersFollow
Bookmark
Page is Bookmarked

SECURITY and smoke alarm sales in the United States are forecast to increase 5.1 per cent annually to $US4.9 billion in 2021, according to a report titled “Security Alarms in the U.S. by Product and Market” published by Research and Markets.

Market gains will be driven by ongoing advances in construction activity, since new systems are generally installed during initial construction or major renovations. But the consumer market represents the largest share of alarm system sales, accounting for more than 40 per cent of demand in 2016. This increase largely stems from the role that life-safety alarms play in residential buildings, argues Research and Markets.

The consumer market also represents the largest single outlet for intrusion alarms. Affluent consumers with a greater asset base are more likely to invest in intrusion systems and elderly homeowners are more likely to invest in intrusion systems, as they tend to feel more vulnerable than younger people.

There’s also growth in demand for PERS alarms, used by older people who increasingly prefer to age in place. These alarms will see the fastest gains of any product segment, albeit from a much smaller base.

Advances in PERS will benefit from ongoing innovations in product features, ranging from improvements to mobile PERS (mPERS) devices for more active individuals to voice recognition and fall detection technologies in both mobile and at-home alarm models.

SAGE JUL18 960x90 5

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here