The global electronic security market has reached a value of 53.5 billion dollars in 2021. Looking to the future, the IMARC group expects the market to reach it 80 billion dollars by 2027exhibiting a CAGR of 6.9% on occasion 2022-2027.
Electronic security stands for an integrated system of integrated electronic circuits that provide the physical security of an enclosed space. It uses numerous power and mechanical components, such as access control, fire alarms, closed circuit TV surveillance (CCTV), and intrusion control systems. Electronic security also offers entry point monitoring and helps reduce property damage and inventory losses by taking prompt action.
We are regularly monitoring the direct effect of COVID-19 on the market, together with the indirect influence of associated industries. These observations will be incorporated into the report.
Electronic Security Market Trends:
Rising levels of urbanization, coupled with the growing penetration of automated machinery into various industry verticals, are increasing the global electronic security market. In addition, the growing incidence of break-ins and property thefts is also driving the installation of electronic security systems in the residential and commercial sectors. In addition to this, the growing attention of numerous government authorities to the safety of public transport and infrastructure, such as water systems, power grids, pipelines, etc., is also driving the demand for electronic security. The growing adoption of electronic security systems in shopping malls, residential apartments and commercial buildings is also driving the growth of the market. Furthermore, these systems are also used by people for access checksurveillance, fire detection, attendance record keeping and internet monitoring, thus encountering high demand.
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Coverage and segmentation of the global electronic security market 2022-2027:
The competitive landscape of the market has been studied in the relationship with the detailed profiles of the main players operating in the market.
Axis Communications (Canon Inc.), ADT Security Services Inc. (Apollo Global Management Inc.), Bosch Security Systems Inc., FLIR Systems Inc., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Tyco International (Johnson Controls) , Lockheed Martin Corporation, OSI Systems, Siemens AG, Thales Group, etc.
The report segmented the market based on region, product type, service type and end use sector.
Breakdown by product type:
- Surveillance system
- Access control system
- Intrusion detection system
- Alarming system
Breakdown by type of service:
- Installation services
- Managed services
- Consulting services
Breakdown by sector of final use:
- Health care
- See in detail
Breakdown by region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, UK, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, others)
- Middle East and Africa
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Highlights of the report:
- Market trend (2016-2021)
- Market outlook (2022-2027)
- Porter’s five forces analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the personalization.
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