Driveway Alarm Market Scope
A driveway alarm is a device that detects the motion of people or vehicles entering the property or driveway and is used in the home as well as commercial security applications. It is available in wireless and wired systems with two components one transmitter and one receiver. It consists of different types of sensors which include an Infrared driveway sensor, magnetic probe driveway sensor, rubber hose driveway sensor, photo beam sensors, etc. It serves as a notifier when there is any kind of movement on the driveaway providing desired safety and security.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Dakota Alert (United States), Reliable Chimes (United States), Prestige Alarm & Specialty Products, Inc. (United States), Cartell (United States), Honeywell International Inc. (United States), AT&T Inc. (United States), Solar Made (United States) and Northeast Security Solutions, Inc. (United States) |
CAGR | % |
The global driveway alarm market is fragmented with numerous players in the market. The companies are focusing on investing in research & development activities enhancing their products and services. They are also planning on strategic activities like merger & acquisition, partnership activities expanding their horizon in the market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Driveway Alarm market throughout the predicted period.
Dakota Alert (United States), Reliable Chimes (United States), Prestige Alarm & Specialty Products, Inc. (United States), Cartell (United States), Honeywell International Inc. (United States), AT&T Inc. (United States), Solar Made (United States) and Northeast Security Solutions, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Swann (Australia), Asheboro Alarm and Electric Company (United States) and Bay Alarm Company (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Driveway Alarm market by Type , by Application (Commercial and Residential) and Region with country level break-up.
On the basis of geography, the market of Driveway Alarm has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2018 , AT&T* announced its plans to acquire AlienVault®, a privately held company based in San Mateo, Calif. The agreement has been approved by both companies.
In November , 2023, AT&T announced the creation of a new managed security services business backed by WillJam Ventures. Businesses of all types and sizes want to, and need to focus on innovation, growth, and transformation strategies. Meanwhile, the complexity of managing the evolving cybersecurity landscape continues to expand.
Influencing Trend:
Increasing Use of Wireless of Driveway Alarm with Ethernet Connectivity and Integrated Infrared Driveway Sensor in Driveway Alarm
Market Growth Drivers:
Growing Demand for Home Security and Safety and Demand for an Effective and Advanced Protection in the Entry Points to the Property
Challenges:
Stiff Competition in the Driveway Alarm Market
Restraints:
Regulatory Standards and Guidelines Associated with Driveway Alarm
Opportunities:
Surging Demand for the Outdoor Weatherproof Driveway Alarm and Demand from the Developing Regions with the Growing Populations will Boost the Driveway Alarm Market
Key Target Audience
Driveway Alarm Manufacturers, Driveway Alarm International Traders, Driveway Alarm Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Other