Electronic Security Market - Global Analysis & Forecast By 2024
Category: #technology  By Ronak Bora  Date: 2021-08-03
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Electronic Security Market - Global Analysis & Forecast By 2024

The electronic security market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

Global electronic security market is claimed to amass remarkable returns in the coming years, inherently propelled by the rising instances of break-ins, property thefts, terror incidents, smuggling contraband and the likes across major economies. The sophistication and complexity of security threats has been rapidly evolving with the advancements of technology, the fundamental factor that has resulted in deployment of advanced electronic security systems much more pronounced in majority of the end-use domains. According to few trusted reports, the total valuation of the stolen property in U.S. is reported to be USD 12.42 billion in 2016. Within a span of two decades (1995-2015), the world has witnessed nearly 2500 incidents of thefts of radioactive materials and trafficking, cite the International Atomic Energy Agency. Market players seem to be well aware of the need to assess the potential threats and proactively respond to the alarming call of safety and security across vulnerable domains.

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Growing security concerns across commercial units, residential sectors and airports could accelerate the adoption of antiterrorist and inspection equipment. Surveillance devices like X-ray inspection machines, turnstile & revolving doors, and metal detectors can easily be deployed on a rent basis or at cheaper rates. These systems play a crucial role in dissuading criminals with harmful armaments and explosives.

Cross border drug smuggling and human trafficking have increased at an exponential rate over the past couple of years. Illegal contrabands can now be placed in body cavities or transported through packages easily without any major hassles. This has compelled several countries to enhance their surveillance systems. The U.S government has decided to tighten its border security protocols to curb the rising instances of drug trades.

In a bid to strengthen cross border security, several surveillance companies are beginning to develop new technologies with advanced features. Taking August 2020 for instance, Elbit Systems introduced two new variants of autonomous and intelligent trailer-mounted surveillance tower systems, which could increase situational awareness and safety, and minimize operator workload.

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Regionally, Asia Pacific observes a strong foothold in the global electronic security market share. The primary reason behind APAC to become the hotspot for market investors is the real and perceived concerns regarding social unrest and economic growth across this belt. Uptick in industrialization, increasing disposable incomes of the middle-class population, tightened security procedures across airports and malls, and smart city phenomenon are some of the other driving factors, which are expected to result in market specific consumption and would impel APAC industry share. Another standout issue that has complemented market growth in APAC belt is the increasing prevalence of religious conflict especially in India, that has remarkably upscaled installation of advanced surveillance equipment in risk prone areas, such as airports.

Prominent electronic security market players like Honeywell International, ADT LLC, ASSA ABLOY Group, G4S PLC, Auto Clear LLC, Frontier Pitts, BOSCH Security Systems and Hitachi Ltd. are undertaking innovative business strategies like mergers and product innovations to enhance their geographical presence.

Major Key Points from Table of Content:

Chapter 4.   Electronic Security Market, By Product

4.1.  Electronic security market share by product, 2016 & 2024

4.2.  Access and control system

4.2.1. Electronic security market estimates and forecasts, 2013 - 2024

4.3.  Surveillance and alert system

4.3.1. Market estimates and forecasts, 2013 - 2024

4.4.  Anti-theft system

4.4.1. Market estimates and forecasts, 2013 - 2024

4.5.  Antiterrorist and inspection equipment

4.5.1. Market estimates and forecasts, 2013 - 2024

4.6.  Others

4.6.1. Market estimates and forecasts, 2013 – 2024

Chapter 5.   Electronic Security Market, By Application

5.1.  Security system electronics market share, by product, 2016 & 2024

5.2.  Environmental

5.2.1. Market estimates and forecasts, 2013 - 2024

5.3.  Public sector

5.3.1. Market estimates and forecasts, 2013 - 2024

5.4.  Custom service sector

5.4.1. Market estimates and forecasts, 2013 - 2024

5.5.  Postal

5.5.1. Market estimates and forecasts, 2013 - 2024

5.6.  Telecommunications

5.6.1. Market estimates and forecasts, 2013 - 2024

5.7.  Residential

5.7.1. Market estimates and forecasts, 2013 - 2024

5.8.  Others

5.8.1. Market estimates and forecasts, 2013 – 2024

Browse Complete Table of Content @  https://www.decresearch.com/toc/detail/electronic-security-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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