Global Perimeter Intrusion Detection Systems Market Highlights Over 2020 - 2030
The global perimeter intrusion detection systems market is estimated to garner a revenue of USD 59788.2 Million by the end of 2030 by growing at a CAGR of 8.6% over the forecast period, i.e., 2020 – 2030. Moreover, in the year 2020, the market generated a revenue of USD 26318.0 Million. The growth of the market can be attributed to the growing smart city initiatives globally, followed by the growing concern for robbery and thefts worldwide, which in turn, is driving the need for perimeter intrusion detection systems. According to the statistics by the Federal Bureau of Investigation (FBI) of the United States, around 267988 robberies were recorded in the country in the year 2019. On the other hand, according to the statistics by the Eurostat, in the year 2019, 1567500 burglaries and 4801400 thefts in the European Union were recorded.
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Besides this, the growing installations of video surveillance systems worldwide, which includes sonar, radar, automatic identification systems, and GPS among others, followed by the rising advancements in cloud and wireless technology in security systems are some of the additional factors anticipated to drive the market growth. Moreover, growing use of artificial intelligence, machine learning, and internet of things (IoT) technologies in perimeter intrusion detection systems, along with the numerous initiatives taken by the government of developed and developing countries globally to keep their citizens safe, are some of the key opportunities projected to contribute to the market growth in the coming years.
Global Perimeter Intrusion Detection Systems Market Regional Synopsis
Regionally, the global perimeter intrusion detection systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the largest market revenue of USD 24613.8 Million by the end of 2030, up from a revenue of USD 10649.9 Million in the year 2020. Moreover, the market in the region is expected to grow with a CAGR of 8.7% during the forecast period. One of the major factors anticipated to drive the growth of the market in the region is the growing focus of the government of the nations in the region, especially China, in increasing the perimeter security of different areas. China is also known to have the heaviest CCTV surveillance amongst all other countries globally. The country registered a share of close to 55% of the total number of CCTV surveillance cameras installed worldwide. Besides this, cities, such as Taiyuan, Wuxi, Changsha, and Beijing among others, were registered in the top 20 most surveilled cities around the globe, recording close to 120 cameras (per 1000 people), 90 cameras, 55 cameras, and 50 cameras respectively.
The market in the region is further divided by countries into Australia, Japan, Singapore, South Korea, China, India, and the Rest of Asia Pacific. Out of these, the market in China is anticipated to generate the largest revenue of USD 11637.4 Million by the end of 2030, by growing with the second-highest CAGR of 8.8% during the forecast period.
The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and Challenges Impacting the Growth of the Global Perimeter Intrusion Detection Systems Market
- Increasing Smart City Initiatives
- Growing Concern for Robberies and Thefts
- Increasing Installations of Video Surveillance Systems for Security Purposes
- High Installation Costs
- Complexities in System Integration
Global Perimeter Intrusion Detection Systems Market Segmentation Synopsis
The global perimeter intrusion detection systems market is segmented by component into video surveillance systems, physical access control systems, perimeter security systems, other solution & systems, and services. Out of these, the video surveillance systems segment is anticipated to generate the largest revenue of USD 33720.3 Million by the end of 2030, up from a revenue of USD 15206.6 Million in the year 2020. By deployment type, the market is segmented into buried/invisible, fence mounted, and open-area/freestanding. Out of these, the open-area/freestanding segment is anticipated to generate the largest revenue of USD 32158.3 Million by the end of 2030. The segment further registered a revenue of USD 14257.7 Million in the year 2020. By communication technology, the market is segmented into cellular, microwave, VSAT, and others. Out of these, the cellular segment is expected to generate the largest revenue of USD 23019.6 Million by the end of 2030. By installation, the market is segmented into retrofit and new installations, out of which, the retrofit installation segment is anticipated to grow with the highest CAGR of 8.8% during the forecast period and also attain the largest revenue by the end of 2030. By end-user, the market is segmented into small enterprise, medium & large enterprise, and residential. Out of these, the medium & large enterprise segment is expected to attain the largest revenue of USD 38896.3 Million by the end of 2030. The market is further segmented by industry vertical into government & defense, BFSI, retail, transportation, information technology (IT), healthcare, and others. Out of these, the BFSI segment is expected to generate the largest revenue of USD 13409.2 Million by the end of 2030.
Top Featured Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global perimeter intrusion detection systems market that are included in our report are Bosch Security Systems, LLC, Johnson Controls, Inc., Honeywell International Inc., Axis Communications AB, RBtec Perimeter Security Systems, Southwest Microwave, Inc., Fiber SenSys, Inc., Senstar Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., ZKTECO CO., LTD., and others.
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