PUBLISHER: The Business Research Company | PRODUCT CODE: 1503871
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503871
A perimeter intrusion detection system (PIDS) is a security solution devised to detect and respond to unauthorized entry into a defined perimeter. Typically, it utilizes a combination of sensors, including motion detectors, infrared sensors, and video surveillance, to monitor the perimeter and trigger alarms or alerts upon breaches, thereby bolstering overall security and thwarting unauthorized access attempts.
The primary components of perimeter intrusion detection systems comprise hardware, software, and services. Hardware in the perimeter intrusion detection system market encompasses physical devices such as sensors, cameras, and alarms utilized for detecting unauthorized entry. Various deployment options include barrier-mounted, ground-based, free-standing, and rapidly deployable solutions, catering to both large enterprises and small and medium-sized enterprises (SMEs). Industry verticals leveraging these systems include critical infrastructure, military and defense, government, transportation, industrial, correctional facilities, commercial enterprises, and others.
The perimeter intrusion detection system market research report is one of a series of new reports from The Business Research Company that provides perimeter intrusion detection system market statistics, including perimeter intrusion detection system industry global market size, regional shares, competitors with perimeter intrusion detection system market share, detailed perimeter intrusion detection system market segments, market trends, and opportunities, and any further data you may need to thrive in the perimeter intrusion detection system industry. This perimeter intrusion detection system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The perimeter intrusion detection system market size has grown rapidly in recent years. It will grow from $16.39 billion in 2023 to $19.36 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth observed during the historic period can be attributed to several factors, including increasing security concerns, urbanization and population growth, evolution of the threat landscape, initiatives aimed at cost reduction, and adherence to industry standards and best practices.
The perimeter intrusion detection system market size is expected to see rapid growth in the next few years. It will grow to $38.03 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The anticipated growth in the forecast period can be attributed to increasing security concerns, regulatory compliance requirements, urbanization, and infrastructure development, as well as integration with smart city initiatives. Major trends expected during the forecast period include the emergence of smart sensors, a focus on IoT integration, a shift towards cloud-based solutions, growing emphasis on cybersecurity measures, and rising demand for wireless systems.
The rising threat of terrorism is poised to drive the expansion of the perimeter intrusion detection system market in the foreseeable future. Terrorism, characterized by the systematic use of violence or intimidation to achieve political, religious, or ideological objectives, often targets civilians or non-combatants. The escalation of terrorism stems from multifaceted socio-political factors, including grievances, ideology, and geopolitical tensions. Perimeter intrusion detection systems play a critical role in counterterrorism efforts, bolstering security by swiftly identifying unauthorized access attempts along boundaries and mitigating potential threats before they escalate. For instance, according to the Global Terrorism Index published by the Institute for Economics and Peace, terrorist attacks became more lethal in 2022, resulting in an average of 1.7 fatalities per attack, compared to 1.3 deaths per attack in 2021. Consequently, the heightened threat of terrorism is fueling the growth of the perimeter intrusion detection system market.
Key players in the perimeter intrusion detection system market are innovating with advanced solutions such as ZoneSentry to enhance their competitive edge in the industry. ZoneSentry is an advanced perimeter intrusion detection system (PIDS) tailored for smaller sites, leveraging cutting-edge fiber optic sensing technology. This innovative system delivers efficient and cost-effective protection for properties and assets with smaller perimeters, covering distances of up to 8 kilometers. For example, in April 2022, Bandweaver Technologies introduced ZoneSentry, operating on a zonal basis and utilizing fiber-optic distributed acoustic sensing (DAS) technology. By deploying a single fiber optic sensing cable along the external perimeter or critical assets, ZoneSentry rapidly detects and alerts to vibrations indicative of intrusion events, facilitating swift intervention to prevent potential damage or theft.
In May 2023, Vitaprotech acquired Harper Chalice to broaden its commercial offerings and product portfolio. Harper Chalice, based in the UK, specializes in manufacturing intrusion detection systems such as fences and barriers.
Major companies operating in the perimeter intrusion detection system market are Honeywell International Inc., Zhejiang Dahua Technology Co. Ltd., Johnson Controls International plc, Hangzhou Hikvision Digital Technology Co. Ltd., Arthur J. Gallagher & Co. (AJG), SICK AG, FLIR Systems Inc., Axis Communications AB, Anixter International Inc., Optex Co. Ltd., RISCO Group S.A., Texecom Ltd., Southwest Microwave Inc., Bosch Sicherheitssysteme GmbH, Senstar Technologies Corporation, Frontline Security Solutions Ltd., Zaun Ltd., SightLogix Inc., Future Fibre Technologies Pty Ltd, Fiber SenSys Inc., Detekion Security Systems Inc., Advanced Perimeter Systems Ltd., PureTech Systems Inc., RBtec Perimeter Security Systems Ltd., CIAS Elettronica Srl
North America was the largest region in the perimeter intrusion detection system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the perimeter intrusion detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the perimeter intrusion detection system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The perimeter intrusion detection system market consists of revenues earned by entities by providing services such as system design and engineering, installation and deployment, and maintenance and support contracts. The market value includes the value of related goods sold by the service provider or included within the service offering. The perimeter intrusion detection system market also includes sales of perimeter sensors, communication equipment, control panels and alarm systems, barrier systems, and access control systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Perimeter Intrusion Detection System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on perimeter intrusion detection system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for perimeter intrusion detection system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The perimeter intrusion detection system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.