Perimeter Security Market Report

Perimeter Security Market Analysis By System (Access Control, Alarms & Notification, Intrusion Detection, Video Surveillance, Barrier Systems), By Service, By End-use, By Region, And Segment Forecasts, 2014 - 2025

Published: November 2017  |  145 Pages  |  Format: PDF  |  Report ID: GVR-2-68038-042-2

Industry Insights

The global perimeter security market size was valued at USD 15,326.8 million in 2016 and is expected to witness growth over the forecast period. The increasing threat of terrorism and cross border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in the growth of the market across the globe.

The rise in the development of smart cities and infrastructure is the key factor in the growth of the perimeter security market. The government support for implementing different security systems at critical locations is on rise. Technological advancements in the field of automation have resulted in the rapid adoption of latest techniques such as video analytics and aerial drones to provide better results.

U.S. perimeter security market, by type, 2014 - 2025 (USD Million)

U.S. perimeter security market

With the growing insecurities among people, manufacturers have come up with new multilayered perimeter protection solutions. Some of the technologies that are gaining popularity are electronic fencing with sensors and infrared and integrated fiber-optic intrusion detection systems. However, improving the reliability of the systems is emerging as a key challenge for the manufacturers.

Perimeter security systems find applications particularly at national borders, military & defense sectors, government offices, commercial domains, banks, correctional sites, and other huge industrial plants. However, the increasing cost of implementing perimeter security systems is expected to hinder the market growth.

System Insights

Video surveillance systems are estimated to emerge as the fastest-growing type segment in the market, owing to the increasing focus on the continuous capturing of images and complete safety. The segment mainly comprises video cameras, CCTV cameras, video analytics, and smart video devices that can be linked to more than one device. The ease in installation of video surveillance systems and their myriad applications are resulting in their increased adoption across the globe.

The size of the video surveillance system segment was valued at USD 5,298.2 million in 2016. The segment accounted for the largest share in terms of revenue in 2016 and is expected to grow rapidly over the forecast period. Additionally, the systems that are expected to gain traction over the forecast period are Intrusion Detection Systems and Access Control Systems.

Service Insights

System integration and consulting services are gaining traction among security system providers. The service segment is presumed to grow at a CAGR of 7.9% over the forecast period. The integration of various security systems provides the controller with more accurate information and enhanced decision-making power.

The risk assessment & analysis services are estimated to grow at a very fast pace over the forecast period owing to the increased concerns for safety of data and other valuable assets. The risk analysis tools equip companies with decision making power regarding safety measures that are required. The segment was valued at USD 672.5 million in the year 2016.

Europe perimeter security market, by service, 2016 (%)

Europe perimeter security market

End-Use Insights

The increasing population and growing shopping and outing trends, along with the presence of large entertainment hubs at various locations, have led to the emergence of a vast application for perimeter security systems. Additionally, the transportation segment is expected to grow at a faster pace owing to its immense applications in railways, freight cars and cargo vehicles to protect the valuable assets on board.

Government sites and offices are increasingly adopting perimeter security systems and this segment expected to witness substantial growth over the forecast period. The government segment was valued at USD 1,926.4 million in the year 2016. Apart from these, the military and defense segment too is increasingly adopting these systems at a fast pace.

Regional Insights

The North American region dominated the market with the U.S. and Canada being the main countries adopting these systems. The presence of technology hubs in the U.S. and the continuous research and development in the field have resulted in North America region gaining the maximum market share valued at USD 4,968.5 million in 2016.

Asia Pacific is expected to emerge as the fastest-growing region over the next eight years. The region is anticipated to witness growth owing to the developing infrastructure and stringent government measures towards the safety of nations.

Competitive Insights

Prominent players dominating the market include Anixter International Inc., Axis Communications AB, Optex, Inc., Honeywell International, Inc., Tyco International Ltd., Puretech Systems, RBtec Perimeter Security Systems, and Cias Elettronica Srl, among others.

Industry players are adopting various strategic initiatives such as mergers and acquisitions, partnerships, integrating with other firms for particular technologies and new product development. For instance, in 2016, Honeywell International, Inc. acquired Xtralis Pty Ltd., a global company dealing in products related to smoke detection, intrusion threat detection, and fire threat detection. This acquisition equipped Honeywell with a larger product portfolio in visual monitoring and early threat detection.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million, CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, UK, Germany, India, Japan, China, Brazil, and Mexico

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global perimeter security market on the basis of system, service, end use, and region:

  • System Outlook (Revenue, USD Million; 2014 - 2025)

    • Access Control Systems

    • Alarms and Notification Systems

    • Intrusion Detection Systems

    • Video Surveillance Systems

    • Barrier Systems

      • Active Barriers

      • Passive Barriers

    • Others

  • Service Outlook (Revenue, USD Million; 2014 - 2025)

    • System Integration and Consulting

    • Risk Assessment and Analysis

    • Managed Services

    • Maintenance and Support

  • End-Use Outlook (Revenue, USD Million; 2014 - 2025)

    • Government

    • Military & Defense

    • Transportation

    • Commercial

    • Industrial

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

Key questions answered by the report
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