PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535846
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535846
Perimeter Security Market Size - By Component (System, Services), By End Use (Government, Military & Defense, Transportation, Commercial, Industrial, Others) & Forecast, 2024 - 2032
Perimeter security market size is anticipated to witness over 7% CAGR between 2024 and 2032 driven by the increasing need for enhanced security measures across various sectors due to rising threats and criminal activities. As incidents of theft, vandalism, and terrorism are becoming more frequent and sophisticated, organizations are investing in advanced perimeter security solutions to protect their assets and infrastructure.
The growing trend of urbanization and the development of smart cities are also influencing the market growth. With the expanding urban areas and surging new infrastructure projects, there is an increased focus on securing public spaces, transportation hubs, and critical infrastructure. Governments and private entities are investing in advanced perimeter security systems to ensure safety and mitigate risks in these high-traffic areas. For instance, in November 2023, Huawei unveiled the Smart Airport Perimeter Security with Fiber Sensing solution, capable of detecting vibrations from wind and rain to identify perimeter intrusions in any weather.
The overall industry is segmented into component, end use and region.
Based on component, the perimeter security market value from the system segment is slated to witness significant growth during 2024-2032. This is due to its comprehensive and integrated approach to security management. Perimeter security systems, which include a combination of surveillance cameras, motion detectors, access control systems, and intrusion detection technologies, provide a unified solution to enhance the overall effectiveness of security measures.
In terms of end use, the perimeter security market from the government segment is anticipated to witness substantial growth through 2032. This is owing to the heightened security needs for protecting critical infrastructure and public assets. Government facilities, including military bases, airports, and public buildings, are prime targets for various security threats, further boosting the segment growth.
North America perimeter security industry is anticipated to grow at a significant pace over 2024-2032 attributed to rapid adoption of cutting-edge security technologies and heightened infrastructure development. As the region continues to expand its smart city initiatives and invest in modernizing critical infrastructure, there is an increased demand for advanced perimeter security solutions to safeguard these assets.
Table of Contents
Chapter 1 Scope & Methodology
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Technology & innovation landscape
- 3.4 Patent analysis
- 3.5 Key news and initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Increasing incidence of security threats
- 3.7.1.2 Urbanization and infrastructure development
- 3.7.1.3 Integration of cyber and physical security
- 3.7.1.4 Supportive government regulations and initiatives
- 3.7.1.5 Technological advancements in security solutions
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 High initial costs and maintenance expenses
- 3.7.2.2 Technological limitations and false alarms
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 (USD Billion)
- 5.1 Key trends
- 5.2 System
- 5.2.1 Access control systems
- 5.2.2 Alarms & notification systems
- 5.2.3 Intrusion detection systems
- 5.2.4 Video surveillance systems
- 5.2.5 Barrier systems
- 5.2.6 Others
- 5.3 Service
- 5.3.1 System integration & consulting
- 5.3.2 Risk assessment & analysis
- 5.3.3 Managed services
- 5.3.4 Maintenance & support
Chapter 6 Market Estimates & Forecast, By End Use, 2021 - 2032 (USD Billion)
- 6.1 Key trends
- 6.2 Government
- 6.3 Military & defense
- 6.4 Transportation
- 6.5 Commercial
- 6.6 Industrial
- 6.7 Others
Chapter 7 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Billion)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 ANZ
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Rest of Latin America
- 7.6 MEA
- 7.6.1 UAE
- 7.6.2 Saudi Arabia
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 Bosch Security Systems
- 8.2 Dahua Technology
- 8.3 FLIR Systems
- 8.4 Gallagher Group
- 8.5 Hanwha Techwin (formerly Samsung Techwin)
- 8.6 Hikvision
- 8.7 Honeywell International Inc.
- 8.8 Johnson Controls International plc
- 8.9 Optex Group
- 8.10 Panasonic Corporation
- 8.11 Pelco
- 8.12 Senstar Corporation
- 8.13 Southwest Microwave, Inc.
- 8.14 UTC Climate, Controls & Security
- 8.15 Verkada
- 8.16 Videotec
- 8.17 VIVOTEK Inc.
