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, Hetal Singh
Report ID: 344
Published Date: Feb 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing awareness for safety and security, upsurge in larceny theft incidences, emerging terrorist attacks are some major factors driving the growth of the market.
The market is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2023-2033.
High cost associated with the electronic security systems, lack of awareness among consumers regarding the security products, and deficit of technical knowledge to use electronic security systems are estimated to hamper the market growth.
The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are ASSA ABLOY, Honeywell International Inc., A2 Systems, LLC., Axis Communications AB, ADT LLC, ALL-TAG Corporation, Anixter, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, deployment mode, connectivity, application, end-user, and by region.
The video surveillance systems segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.