Global Integrated Perimeter Security System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Integrated Perimeter Security System Market’ report is in the process of completion by MarketResearch.biz, and delivers detailed insights, revenue details, and other critical data and information on the integrated perimeter security system market. Included are various key trends, drivers, restraints, opportunities, and threats, and detailed information on key players operating in the target market, along with their respective financials, innovations, key and recent developments, strategies, and acquisitions and mergers etc. The report has been segmented on the basis of system, service, end user, and region. The regions are further sub-segmented at country level, with each segment revenue presented. The system segment is sub-segmented into fence detection system, buried cable detection system, microwave detection system, infrared & dual technology sensors, and alarm monitoring & control system. The service segment is sub-segmented into system integration & consulting, risk assessment & management, managed security service, and maintenance & support. The end user segment is sub-segmented into military & defense, government, commercial, transportation, and others.
Perimeter security systems are systems that are deployed to deter or prevent illegal or unauthorized breach or access, or entry of external threats or individuals. These systems are used to safeguard critical infrastructure. Threats could be in the form of terrorist or militant attacks, natural calamities, miscreants and thieves, burglars, and vandals etc. Integrated perimeter security systems are combinations of set-ups, components, and technologies integrated to safeguard assets. These systems are widely used in military, defense, and aerospace facilities, government infrastructure, industries and critical industrial facilities, and commercial facilities. These systems are getting more elaborate and efficient owing to technological innovations and advancements. Advancements in camera technologies, as well as sensors and other components, the market for perimeter security systems has been vastly gaining traction in the recent past. Technologies rapidly gaining traction include integrated fiber-optic intrusion detection systems and electronic fencing with sensors and infrared technologies. Demand and adoption of such systems and technologies is projected to continue at a high rate over the next 10 years as unrest and political instability continues to create groups and individuals seeking to damage or destroy, or perhaps attack and kill or maim other individuals or personnel. Furthermore, such systems act as a deterrent to any low-threat level – such as from inebriated or intoxicated individuals – as well as wild animals.
Perimeter security systems are widely used at borders, military and defense facilities, government infrastructure, banks, prisons and correctional facilities, and industrial plants. Increasing industrialization, and expanding infrastructure and construction projects and initiatives, as well as smart city initiatives is projected to support market growth. Growing security concerns in many countries where unrest and civil wars have started migrant and refugee surges into surrounding countries has prompted additional safety measures to safeguard against unauthorized entry, attack, or damage and loss. Security at installations such as power grid control stations, and water supply facilities is critical. Entry and damage can be costly, besides causing damage in terms of not having electricity or power until repairs and completed and services restored. Integrated RADAR is ideal for expansive locations or remote properties and enables management or detection, and tracking and identification. A major factor that can hamper adoption or deployment of such solutions is the high initial cost. In addition, securing permission for perimeter security systems that have potential to inflict harm or cause injury – such as electric fences – is also a challenge in some countries. Standardization of regulations is another. Companies can focus on reducing costs in order to capitalize on potential revenue opportunities.
Global Integrated Perimeter Security System Segment Analysis:
By System: Among the system segments, the fence detection segment currently accounts for highest revenue share as compared to other system segments. The system operates on the basis of a cable, which uses accelerometers to sense and detect vibrations in the fence. Any attempt at entering the location by climbing, lifting, or cutting the fence will trigger a sensor, and an alarm to alert inhabitants or security personnel.
By Service: The system integration & consulting segment among the application service accounts for relatively higher share in terms of revenue in the global market.
By End User: The military & defense segment among the end user segments is projected to continue to account for highest revenue share, and the trend is expected to continue over the forecast period. This is attributable to increased spending on defense budget and expansion of military bases and facilities.
Global Integrated Perimeter Security System Market Regional Analysis:
The market in North America continues to account for highest revenue share, and the trend is expected to continue over the forecast period. Deployment of such systems is expected to increase significantly in countries in Europe over the forecast period. This is attributable to influx of illegal militants, potential terrorist attacks, and unstable political scenario in some countries in the region. Factors such as rapid urbanization, increasing infrastructure development and industrialization, and unstable political situations and threats of violence and war, terror attacks, and border incursions in countries in Asia Pacific is projected to support market in the region. The market in Middle East & Africa is also expected to register significant revenue share in the global market over the forecast period. This is attributable to increased deployment of security features owing to civil war, threat of terrorist, rebel, and militia attacks in countries such as Syria, Iraq, and others.
Global Integrated Perimeter Security System Market Segment Analysis:
- Fence Detection System
- Buried Cable Detection System
- Microwave Detection System
- Infrared & Dual Technology Sensors
- Alarm Monitoring & Control System
- System Integration & Consulting
- Risk Assessment & Management
- Managed Security Service
- Maintenance & Support
By end user
- Military & Defense
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2018 Estimated Year 2019 Forecast Period 2019–2029 Revenue in US$
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Honeywell International Inc.
- Fiber Sensys Inc.
- Senstar Corporation
- Bosch Security Systems
- Cias Elettronica
- RBtec Perimeter Security Systems
- Axis Communications AB
- Johnson Controls International PLC
- United Technologies Corporation
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