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Home intruder alarms sector 'to expand over next 5 years'

Home intruder alarms sector 'to expand over next 5 years'

The rise of integrated home security systems was the main trend highlighted by recent research on the intruder alarm industry.

According to the IHS study titled The World Maker for Intruder Alarms - 2013 Edition, the residential sector accounted for 40.7 per cent of the $2.7 billion (£1.78 billion) global intruder alarm market last year. Furthermore, it is predicted to be one of the fastest-growing verticals with a five-year compound annual growth rate of 5.3 per cent from 2012 to 2017.

"Home-management integration is gaining the most popularity in North America, which will increase the penetration rate of intruder alarm products into the residential sector. Europe also may not be too far behind," said Adi Pavlovic, analyst for access control, fire and security at IHS. 

He explained that the rise of more energy-efficient technology is helping to drive the home management implementation in many households across the world. 

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