Global Glass Break Sensors Market Overview:
Glass break sensor is used in electronic burglar alarms that detect if a pane of glass is broken. Glass break sensor market has high growth prospects owing to increasing demand from commercial industries and rise in government initiatives to promote smart homes globally. Further, market players are focusing on technological developments to increase the rage of detection distance for glass break sensor expected to drive the demand for over the forecasted period.
As per latest study released by AMA Research, the Global Glass Break Sensors market is expected to see growth rate of 6.1%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emphasizing on the development of the Glass Break Sensing technology with a focus on increasing detection distance
Market Growth Drivers:
Rising Commercial Applications of Glass Break Sensors to Strengthen the Security of Valuable Assets Fueled By Growing Number of Commercial Showrooms and Growing Adoption among Working Populations in Residential Applications amid Rise in Number of Incidents of Theft
Challenges:
Increasing Dominance of Local Players Product and Lack of Awareness Especially in Low and Middle-Income Countries
Restraints:
High Chances of Giving False Alarm Making It Ineffective To Be Used In Region with High Frequency of Sound and Lack of Compatibility of Sensors with All Glass Types
Opportunities:
Rise in Number of Smart Home Solution Attributed By Growing Investment by Government and Growing Awareness about Glass Break Sensors in Emerging Countries
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Satel (Finland), Aartech Canada Inc. (India), Johnson Controls (United States), Siemens (Germany), United Technologies Corporation (Belgium), Honeywell (United States), Doberman security (United States), Interlogix (United States) and Simplisafe (United States). Additionally, following companies can also be profiled that are part of our coverage like Vivint, Inc. (United States) and Frontpoint Security (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Glass Break Sensors market by 2030. Considering Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Glass Break Sensors market. Considering Market by Technology, the sub-segment i.e. Wireless will boost the Glass Break Sensors market. Considering Market by End User, the sub-segment i.e. Hotel will boost the Glass Break Sensors market.
Latest Market Insights:
On March 7th, 2023, ADT, a major security company, acquired the glass break sensor technology and intellectual property of GlassBreak Technologies for an undisclosed amount. This move aimed to strengthen ADT's residential security offerings.
On June 15th, 2023, DSC Security launched the PowerSeries Neo G2W Glass Break Detector, a wireless detector with features like pet immunity and long-range detection.
What Can be Explored with the Glass Break Sensors Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glass Break Sensors Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glass Break Sensors
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glass Break Sensors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glass Break Sensors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Glass Break Sensors Manufacturers, Glass Break Sensors Distributors and Traders, Technology Providers, Research Institutes, Government Agencies, Market Research Firms, Potential investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.