Product Code: 2132
Global electronic security market size is anticipated to witness significant expansion over the forecast timeframe 2022-2028, with higher adoption of surveillance, anti-theft, access and control solutions. Telecom, residential and public sectors are among the leading users of modern security systems. Improved access to both wired and cellular networks has enabled faster deployment and convenient use of these solutions across the cloud. Availability of cost-effective managed and professional services has strengthened the market outlook.
Electronic security industry share from antiterrorist and inspection equipment segment will expand at around 7.4% CAGR through 2028. There have been consistent threats from terrorism and increased terror funding over the past decade. According to a U.S. state department report, over 10,000 terror attacks took place across 98 countries in 2020, which was an increase from the previous year. This data undoubtedly indicates a continuous need for enhancing national security systems.
Professional services accounted for nearly 65.4% of total electronic security market size during 2021. Most organizations look for cost-efficiency when deciding to implement reliable security systems. Professional services are witnessing consistent demand globally, as businesses look to outsource the deployment and managing of security solutions.
Global electronic security industry share from managed services segment is projected to register nearly 14.5% CAGR over 2022-2028. Managed security services are being favored across both the public and private sector organizations. Using a managed service provider essentially helps an organization expand its security team, gain access to specialized cybersecurity professionals, enable fast incident response and reduce the total cost of security ownership.
Custom service sector is among the key application areas for electronic security systems owing to the threat of smuggling and other issues. The movement of contraband goods across international borders has long been a major problem for security forces. Modern electronic equipment and solutions can help counter these threats. In addition, advanced security products also have a considerable scope of deployment across environmental and postal applications.
Residential electronic security market share is anticipated to grow at over 11.7% CAGR through 2028, with increased availability of products for the consumer segment. Large residential complexes adopt professional security services for ensuring the safety of its inhabitants. Homeowners are also investing more in perimeter security due to improved awareness about reliable surveillance and anti-theft systems.
Latin America held almost 7.51% share of global electronic security industry in 2021, with high prevalence of thefts in the region. LATAM witnesses a significant number of illegal activities and physical violence, driving the need for security solutions across public and private applications. The Middle East and Africa (MEA) electronic security market size is projected to record around 11.7% CAGR over 2022-2028. Besides a notable threat of terror attacks, the region has been a ground for the sabotage of some critical energy infrastructure, bolstering the need to reinforce security solutions across environmental and public sector applications.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definitions
- 1.2 Methodology & forecast parameters
- 1.3 Region-wise COVID-19 impact analysis
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Regional trends
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Electronic security industry 360 degree synopsis, 2018 - 2028
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Component trends
- 2.5 Deployment model trends
- 2.6 Connectivity trends
- 2.7 Application trends
Chapter 3 Electronic Security Industry Insights
- 3.1 Introduction
- 3.2 Industry segmentation
- 3.3 Impact of COVID-19 outbreak
- 3.3.1 Global outlook
- 3.3.2 By region
- 3.3.2.1 North America
- 3.3.2.2 Europe
- 3.3.2.3 Asia Pacific
- 3.3.2.4 Latin America
- 3.3.2.5 Middle East & Africa
- 3.3.3 Industry value chain
- 3.3.3.1 Component suppliers
- 3.3.3.2 Manufacturers
- 3.3.3.3 Marketing & distribution channels
- 3.3.4 Competitive landscape
- 3.3.4.1 Strategy
- 3.3.4.2 Distribution network
- 3.3.4.3 Business growth
- 3.4 Electronic security ecosystem analysis
- 3.4.1 Component suppliers
- 3.4.2 Manufacturers
- 3.4.3 System integrators
- 3.4.4 Distribution channels
- 3.4.5 End-users
- 3.4.6 Shareholder profit margin analysis
- 3.4.7 Vendor matrix
- 3.5 Electronic security evolution
- 3.6 Regulatory landscape
- 3.6.1 Data Protection Act 1998
- 3.6.2 British standards for video surveillance equipment
- 3.6.3 Health Insurance Portability and Accountability Act (HIPAA) security regulations
- 3.6.4 ISO standard
- 3.6.5 Australian Design Rule 25/02 - Anti-Theft Lock
- 3.6.6 BSi PAS 68 and 69
- 3.6.7 INFCIRC/225 Russia to implement biometric at border points
- 3.7 Technology and innovation landscape
- 3.7.1 Remote monitoring security systems
- 3.7.2 Intelligent door locking system
- 3.7.3 Biometric technology
- 3.7.4 License plate readers
- 3.7.5 Surveillance drones
- 3.7.6 IP network cameras
- 3.8 CCTV camera installation statistics, by top countries
- 3.9 Patent analysis
- 3.10 Investment portfolio
- 3.11 Industry impact forces
- 3.11.1 Growth drivers
- 3.11.1.1 Rising instances of property theft and break-ins in the U.S
- 3.11.1.2 Growing penetration of home security solutions in the UK
- 3.11.1.3 High risks associated with the terrorist attacks in U.S, India and Europe
- 3.11.1.4 Growing trend of automation and smart technology in the Asia Pacific
- 3.11.1.5 Technological advancements in security electronics in Asia Pacific and the U.S
- 3.11.1.6 High demand for wireless and contactless technologies in the U.S. and UK
- 3.11.2 Industry pitfalls & challenges
- 3.11.2.1 High costs associated with security system electronics
- 3.11.2.2 Lack of technical knowledge to use the security systems
- 3.12 Porter's analysis
- 3.13 PESTEL analysis
Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Market share analysis, 2021
- 4.3 Competitive analysis of key market players, 2021
- 4.3.1 Chart key
- 4.3.2 ADT Inc.
- 4.3.3 ASSA Abloy
- 4.3.4 BOSCH Security
- 4.3.5 G4S Ltd.
- 4.3.6 Honeywell International Inc.
- 4.3.7 Johnson Controls International
- 4.3.8 Teledyne FLIR LLC
- 4.4 Competitive analysis of market innovators, 2021
- 4.4.1 AXIS Communications AB
- 4.4.2 IDEMIA S.A.
- 4.4.3 Napco Security Technologies, Inc.
- 4.4.4 OSI Systems Inc
- 4.4.5 Siemens AG
- 4.5 Vendor adoption matrix
Chapter 5 Electronic Security Market, By Component
- 5.1 Electronic security market share, by component, 2021 & 2028
- 5.2 Solution
- 5.2.1 Market estimates and forecast, 2018 - 2028
- 5.2.2 Access and Control Systems
- 5.2.2.1 Market estimates and forecast, 2018 - 2028
- 5.2.3 Surveillance and Alert System
- 5.2.3.1 Market estimates and forecast, 2018 - 2028
- 5.2.4 Anti-theft Systems
- 5.2.4.1 Market estimates and forecast, 2018 - 2028
- 5.2.5 Antiterrorist and Inspection Equipment
- 5.2.5.1 Market estimates and forecast, 2018 - 2028
- 5.2.6 Others
- 5.2.6.1 Market estimates and forecast, 2018 - 2028
- 5.3 Service
- 5.3.1 Market estimates and forecast, 2018 - 2028
- 5.3.2 Professional Services
- 5.3.2.1 Market estimates and forecast, 2018 - 2028
- 5.3.3 Managed Services
- 5.3.3.1 Market estimates and forecast, 2018 - 2028
Chapter 6 Electronic Security Market, By Deployment Model
- 6.1 Electronic security market share, by deployment model, 2021 & 2028
- 6.2 On-premise
- 6.2.1 Market estimates and forecast, 2018 - 2028
- 6.3 Cloud
- 6.3.1 Market estimates and forecast, 2018 - 2028
Chapter 7 Electronic Security Market, By Connectivity
- 7.1 Electronic security market share, by connectivity, 2021 & 2028
- 7.2 Ethernet
- 7.2.1 Market estimates and forecast, 2018 - 2028
- 7.3 Wireless
- 7.3.1 Market estimates and forecast, 2018 - 2028
- 7.4 Cellular
- 7.4.1 Market estimates and forecast, 2018 - 2028
Chapter 8 Electronic Security Market, By Application
- 8.1 Electronic security market share, by application, 2021 & 2028
- 8.2 Environmental
- 8.2.1 Market estimates and forecast, 2018 - 2028
- 8.3 Public sector
- 8.3.1 Market estimates and forecast, 2018 - 2028
- 8.4 Custom service sector
- 8.4.1 Market estimates and forecast, 2018 - 2028
- 8.5 Postal
- 8.5.1 Market estimates and forecast, 2018 - 2028
- 8.6 Telecommunications
- 8.6.1 Market estimates and forecast, 2018 - 2028
- 8.7 Residential
- 8.7.1 Market estimates and forecast, 2018 - 2028
- 8.8 Others
- 8.8.1 Market estimates and forecast, 2018 - 2028
Chapter 9 Electronic Security Market, By Region
- 9.1 Electronic security market share, by region, 2021 & 2028
- 9.2 North America
- 9.2.1 Market estimates and forecast, 2018 - 2028
- 9.2.2 Market estimates and forecast, by component, 2018 - 2028
- 9.2.2.1 Market estimates and forecast, by solution, 2018 - 2028
- 9.2.2.2 Market estimates and forecast, by service, 2018 - 2028
- 9.2.3 Market estimates and forecast, by deployment model, 2018 - 2028
- 9.2.4 Market estimates and forecast, by connectivity, 2018 - 2028
- 9.2.5 Market estimates and forecast, by application, 2018 - 2028
Similar information is provided for
- 9.3 Europe
- 9.3.1 Market estimates and forecast, 2018 - 2028
- 9.3.2 Market estimates and forecast, by component, 2018 - 2028
- 9.3.2.1 Market estimates and forecast, by solution, 2018 - 2028
- 9.3.2.2 Market estimates and forecast, by service, 2018 - 2028
- 9.3.3 Market estimates and forecast, by deployment model, 2018 - 2028
- 9.3.4 Market estimates and forecast, by connectivity, 2018 - 2028
- 9.3.5 Market estimates and forecast, by application, 2018 - 2028
Similar information is provided for
- 9.3.6 UK
- 9.3.7 Germany
- 9.3.8 France
- 9.3.9 Italy
- 9.3.10 Spain
- 9.3.11 Russia
- 9.4 Asia Pacific
- 9.4.1 Market estimates and forecast, 2018 - 2028
- 9.4.2 Market estimates and forecast, by component, 2018 - 2028
- 9.4.2.1 Market estimates and forecast, by solution, 2018 - 2028
- 9.4.2.2 Market estimates and forecast, by service, 2018 - 2028
- 9.4.3 Market estimates and forecast, by deployment model, 2018 - 2028
- 9.4.4 Market estimates and forecast, by connectivity, 2018 - 2028
- 9.4.5 Market estimates and forecast, by application, 2018 - 2028
Similar information is provided for
- 9.4.6 China
- 9.4.7 India
- 9.4.8 Japan
- 9.4.9 South Korea
- 9.4.10 Australia & New Zealand (ANZ)
- 9.4.11 Singapore
- 9.5 Latin America
- 9.5.1 Market estimates and forecast, 2018 - 2028
- 9.5.2 Market estimates and forecast, by component, 2018 - 2028
- 9.5.2.1 Market estimates and forecast, by solution, 2018 - 2028
- 9.5.2.2 Market estimates and forecast, by service, 2018 - 2028
- 9.5.3 Market estimates and forecast, by deployment model, 2018 - 2028
- 9.5.4 Market estimates and forecast, by connectivity, 2018 - 2028
- 9.5.5 Market estimates and forecast, by application, 2018 - 2028
Similar information is provided for
- 9.5.6 Mexico
- 9.5.7 Colombia
- 9.5.8 Brazil
- 9.5.9 Argentina
- 9.6 MEA
- 9.6.1 Market estimates and forecast, 2018 - 2028
- 9.6.2 Market estimates and forecast, by component, 2018 - 2028
- 9.6.2.1 Market estimates and forecast, by solution, 2018 - 2028
- 9.6.2.2 Market estimates and forecast, by service, 2018 - 2028
- 9.6.3 Market estimates and forecast, by deployment model, 2018 - 2028
- 9.6.4 Market estimates and forecast, by connectivity, 2018 - 2028
- 9.6.5 Market estimates and forecast, by application, 2018 - 2028
Similar information is provided for
- 9.6.6 UAE
- 9.6.7 Saudi Arabia
- 9.6.8 South Africa
- 9.6.9 Israel
Chapter 10 Company Profiles
- 10.1 ADT Inc.
- 10.1.1 Business Overview
- 10.1.2 Financial Data
- 10.1.3 Product Landscape
- 10.1.4 Go-to-Market Strategy
- 10.1.5 SWOT Analysis
- 10.2 ASSA Abloy
- 10.2.1 Business Overview
- 10.2.2 Financial Data
- 10.2.3 Product Landscape
- 10.2.4 Go-to-Market Strategy
- 10.2.5 SWOT Analysis
- 10.3 Autoclear LLC
- 10.3.1 Business Overview
- 10.3.2 Financial Data
- 10.3.3 Product Landscape
- 10.3.4 Go-to-Market Strategy
- 10.3.5 SWOT Analysis
- 10.4 AXIS Communications AB
- 10.4.1 Business Overview
- 10.4.2 Financial Data
- 10.4.3 Product Landscape
- 10.4.4 Go-to-Market Strategy
- 10.4.5 SWOT Analysis
- 10.5 AVA Group
- 10.5.1 Business Overview
- 10.5.2 Financial Data
- 10.5.3 Product Landscape
- 10.5.4 Go-to-Market Strategy
- 10.5.5 SWOT Analysis
- 10.6 BOSCH Security
- 10.6.1 Business Overview
- 10.6.2 Financial Data
- 10.6.3 Product Landscape
- 10.6.4 Go-to-Market Strategy
- 10.6.5 SWOT Analysis
- 10.7 Brivo, Inc.
- 10.7.1 Business Overview
- 10.7.2 Financial Data
- 10.7.3 Product Landscape
- 10.7.4 Go-to-Market Strategy
- 10.7.5 SWOT Analysis
- 10.8 Fisher Research Laboratory
- 10.8.1 Business Overview
- 10.8.2 Financial Data
- 10.8.3 Product Landscape
- 10.8.4 Go-to-Market Strategy
- 10.8.5 SWOT Analysis
- 10.9 Frontier Pitts Ltd.
- 10.9.1 Business Overview
- 10.9.2 Financial Data
- 10.9.3 Product Landscape
- 10.9.4 Go-to-Market Strategy
- 10.9.5 SWOT Analysis
- 10.10 G4S Ltd.
- 10.10.1 Business Overview
- 10.10.2 Financial Data
- 10.10.3 Product Landscape
- 10.10.4 Go-to-Market Strategy
- 10.10.5 SWOT Analysis
- 10.11 Honeywell International, Inc.
- 10.11.1 Business Overview
- 10.11.2 Financial Data
- 10.11.3 Product Landscape
- 10.11.4 Go-to-Market Strategy
- 10.11.5 SWOT Analysis
- 10.12 IDEMIA S.A.
- 10.12.1 Business Overview
- 10.12.2 Financial Data
- 10.12.3 Product Landscape
- 10.12.4 Go-to-Market Strategy
- 10.12.5 SWOT Analysis
- 10.13 Johnson Controls, Inc.
- 10.13.1 Business Overview
- 10.13.2 Financial Data
- 10.13.3 Product Landscape
- 10.13.4 Go-to-Market Strategy
- 10.13.5 SWOT Analysis
- 10.14 Napco Security Technologies, Inc.
- 10.14.1 Business Overview
- 10.14.2 Financial Data
- 10.14.3 Product Landscape
- 10.14.4 Go-to-Market Strategy
- 10.14.5 SWOT Analysis
- 10.15 OSI Systems Inc.
- 10.15.1 Business Overview
- 10.15.2 Financial Data
- 10.15.3 Product Landscape
- 10.15.4 Go-to-Market Strategy
- 10.15.5 SWOT Analysis
- 10.16 Scanna MSC Ltd.
- 10.16.1 Business Overview
- 10.16.2 Financial Data
- 10.16.3 Product Landscape
- 10.16.4 Go-to-Market Strategy
- 10.16.5 SWOT Analysis
- 10.17 Siemens AG
- 10.17.1 Business Overview
- 10.17.2 Financial Data
- 10.17.3 Product Landscape
- 10.17.4 Go-to-Market Strategy
- 10.17.5 SWOT Analysis
- 10.18 Teledyne FLIR LLC
- 10.18.1 Business Overview
- 10.18.2 Financial Data
- 10.18.3 Product Landscape
- 10.18.4 Go-to-Market Strategy
- 10.18.5 SWOT Analysis
- 10.19 Vanderbilt LLC
- 10.19.1 Business Overview
- 10.19.2 Financial Data
- 10.19.3 Product Landscape
- 10.19.4 Go-to-Market Strategy
- 10.19.5 SWOT Analysis
- 10.20 Westminster Group PLC
- 10.20.1 Business Overview
- 10.20.2 Financial Data
- 10.20.3 Product Landscape
- 10.20.4 Go-to-Market Strategy
- 10.20.5 SWOT Analysis
- 10.21 Zod Security
- 10.21.1 Business Overview
- 10.21.2 Financial Data
- 10.21.3 Product Landscape
- 10.21.4 Go-to-Market Strategy
- 10.21.5 SWOT Analysis