Electronic Security Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Electronic Security Market in 2025 is evaluated at USD 57.85 billion. The global market size was valued at over USD 52.36 billion in 2024 and is expected to expand at a CAGR of around 13.1%, surpassing USD 259.43 billion revenue by 2037. North America is forecasted to remain at the forefront, driven by increasing crime rates, smart city developments, and retail growth.
The market growth is attributed to massively increasing ratio of crime incidences such as robbery, and theft across the globe. For instance, until mid of 2022, the ratio of violent crime in United States has boosted to approximately 48.50 per 100,000 inhabitants.
Electronic security encompasses all systems that use electronic devices and integrated technology to boost safety and protect human life and physical assets. It consists surveillance, access control, intrusion detection, alarm and other security channels. Such systems comprise of alarms, access controls and CCTVs (closed circuit televisions), which are prominently and broadly utilized. The electronic security provides users with invaluable video surveillance benefits. Video surveillance helps to oversee entry points in the home or business.
The mounting adoption of electronic security systems by government agencies, and manufacturing industries is the significant factor to boost the electronic security market revenue. For instance, by 2022, around 44% of police agencies are anticipated to use digital tools to improve public security and an alternate solution framework, such as live video streaming and shared workflows.
Electronic Security Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Awareness for Safety and Security – Since the crime and theft cases are increasing day by day, thus installing security systems gives enterprises and residential inhabitants a feeling of safety and security. As a result, there has been a significant increase in the adoption of such electronic security components which is driven by the growing awareness for safety and security among the people. For instance, around 773 million security cameras were installed globally by the end of 2019.
- Upsurge in Larceny Theft Incidences – According to the Federal Bureau of Investigation, an estimated 5,086,096 larcenies - thefts were reported in the United States in 2019.
- Emerging Terrorist Attacks – For instance, with a startling 50% of all terrorism-related deaths worldwide, Sub-Saharan Africa has been emerging as the world's center stage of terrorism.
- Escalating Urbanization - As per the World Economic Forum, 80% of the world's population, up from the present 55%, is estimated to inhabit in urban areas by 2050.
- Growing Wi-Fi Penetration - Presently, around 5.35 billion people worldwide have internet connectivity.
Challenges
- High Cost Associated with the Electronic Security Systems
- Lack of Awareness Among Consumers Regarding the Security Products
- Deficit of Technical Knowledge to Use Electronic Security Systems
Electronic Security Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
13.1% |
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Base Year Market Size (2024) |
USD 52.36 billion |
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Forecast Year Market Size (2037) |
USD 259.43 billion |
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Regional Scope |
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Electronic Security Segmentation
Product Type (Intrusion Alarm Systems, Video Surveillance Systems, Fire Alarm, Access control Systems, IP & Analog CCTV, Hybrid Video Recorder)
The video surveillance systems segment is expected to dominate majority of electronic security market share during the forecast period, owing to growing count of crime cases around the world, and growing adoption of surveillance systems. For instance, until 2019, there were an estimated 780 million surveillance cameras installed around the world, with China accounting for 56% of those cameras.
Our in-depth analysis of the global electronic security market includes the following segments:
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By Product Type |
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By Deployment Mode |
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By Connectivity |
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By Application |
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By End-User |
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Customize this ReportElectronic Security Industry - Regional Synopsis
The market in North America is anticipated to account for majority electronic security market share by the end of 2037, propelled by increasing crime ratio, surge in smart city concept, and constantly rising number of retail stores and facilities in the region. For instance, in 2020, there were nearly 1.10 million retail outlets in the United States.
Companies Dominating the Electronic Security Market
- ASSA ABLOY
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Honeywell International Inc.
- A2 Systems, LLC.
- Axis Communications AB
- ADT LLC
- ALL-TAG Corporation
- Anixter, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Hanwha TechwinCo., Ltd.
- Allegion plc.
In the News
- ASSA ABLOY acquired Bird Home Automation GmbH ("DoorBird"), a German manufacturer of indoor station and smartphone-controlled IP door intercoms for single and multi-family buildings.
- Axis Communications AB announced the AXIS A12 Network Door Controller Series, which offers several product versions to meet various requirements. The AXIS A12 door controller offers fast and easy wall installation with a keyhole mounting plate and DIN rail mount support.
Author Credits: Abhishek Verma
- Report ID: 344
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
