Global Window Sensors Market to Reach US$ 17.8 Billion by 2027, Propelled by Rising Incidences of Security Breaches

December 01, 2022

The latest report by IMARC Group, titled “Window Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global window sensors market reached a value of US$ 10.8 Billion in 2021. Window sensors are automated home security solutions designed to detect and report the opening and closing of windows. It comprises a reed switch and a magnet installed at entry points to trigger an alarm during the invasion. It is also available in wired and wireless variants with temperature protection solutions to provide enhanced security and convenience to the users. Owing to these properties, window sensors are widely adopted across commercial and residential spaces.

Global Window Sensors Market Trends:

The market is primarily driven by the rising incidences of security breaches and thefts across residential and commercial sectors. In addition, the growing consumer awareness regarding the availability of effective solutions to ensure optimal home security represents another major growth-inducing factor. Besides this, various manufacturers are integrating these sensors with wireless and Internet of Things (IoT) technologies that can be connected to a smartphone application and enable consumers to set timings for automatic open and shut operations for smart lighting. They are also integrating smart heating and air conditioning solutions to pause ventilation when the window is opened to optimize energy usage. This, coupled with the increasing utilization of deep learning and artificial intelligence (AI) solutions in home security systems, is providing a positive thrust to market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 17.8 Billion by 2027, exhibiting a CAGR of 8.54% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been bifurcated into indoor and outdoor.
  • On the basis of the product type, the market has been classified into wired and wireless.
  • Based on the application, the market has been segmented into commercial and residential.
  • Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being Eve Systems GmbH (Elgato), Honeywell International Inc., Hotron Ltd., MS Sedco, Optex Group Co. Ltd., Panasonic Corporation, Pepperl+Fuchs SE, SABRE - Security Equipment Corp., Samsung Electronics Co. Ltd., and SecurityMan Inc.
     

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Global Window Sensors Market to Reach US$ 17.8 Billion by 2027, Propelled by Rising Incidences of Security Breaches
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