Electronic Security Systems Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0091262
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.95 |
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The Electronic Security Systems Market size is estimated to grow at a CAGR of 7.92% between 2022 and 2032. The market size is forecast to increase by USD 4,567.23 million. The growth of the market depends on several factors, including the increasing need for advanced security solutions, rising concerns about safety and security, and the growing adoption of smart home technologies. Electronic security systems refer to a range of security solutions that utilize electronic devices and technologies to protect individuals, properties, and assets from unauthorized access, theft, and other security threats. These systems are widely used in residential, commercial, and industrial sectors to enhance security and provide peace of mind.
Electronic Security Systems Market Overview:
Drivers:
One of the key factors driving the electronic security systems market growth is the increasing need for advanced security solutions. With the rising concerns about safety and security, individuals and organizations are investing in electronic security systems to protect their properties and assets. These systems offer features such as surveillance cameras, access control systems, intrusion detection systems, and alarm systems, which provide real-time monitoring, deterrence, and quick response to security incidents. The demand for electronic security systems is further fueled by factors such as increasing crime rates, the need for remote monitoring, and the growing awareness about security among individuals and businesses.
Moreover, the growing adoption of smart home technologies is also driving the market growth. Smart security systems, including electronic security systems, offer advanced features such as remote monitoring, smartphone integration, and automation capabilities. These systems can be easily integrated with other smart home devices, allowing users to control and monitor their security systems from anywhere, anytime. The convenience, flexibility, and enhanced security provided by smart electronic security systems are driving their adoption in residential and commercial settings.
Trends:
A key trend shaping the electronic security systems market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. Manufacturers are incorporating AI and ML algorithms into security systems to enable advanced video analytics, facial recognition, and behavior analysis. These intelligent security systems can automatically detect and alert users about suspicious activities, unauthorized access, or potential security threats. The integration of AI and ML technologies enhances the accuracy, efficiency, and effectiveness of electronic security systems, making them more reliable and proactive in detecting and preventing security breaches.
Furthermore, there is a growing demand for cloud-based electronic security systems. Cloud-based solutions offer several advantages, including remote access, scalability, and cost-effectiveness. Users can access and manage their security systems through web-based interfaces or mobile apps, eliminating the need for on-site servers or dedicated hardware. Cloud-based electronic security systems also provide data storage and backup capabilities, ensuring the security and availability of critical security footage and information. The adoption of cloud-based solutions is expected to increase as more individuals and businesses recognize the benefits of remote monitoring, data accessibility, and scalability.
Restraints:
One of the key challenges hindering the electronic security systems market growth is the high initial cost of installation and equipment. Electronic security systems require upfront investment in cameras, sensors, control panels, and other components, along with installation and maintenance costs. The cost factor may deter price-sensitive consumers or small businesses from adopting comprehensive electronic security systems, especially in price-sensitive markets. However, advancements in technology, increased competition, and the availability of cost-effective solutions are expected to mitigate this restraint over time.
Electronic Security Systems Market Segmentation By Application:
The commercial segment is estimated to witness significant growth during the forecast period. Electronic security systems play a crucial role in ensuring the safety and security of commercial establishments such as offices, retail stores, banks, and healthcare facilities. These systems provide surveillance, access control, and alarm functionalities, enabling businesses to protect their assets, employees, and customers. The increasing awareness about security threats, the need for compliance with regulations, and the growing adoption of smart building technologies are driving the demand for electronic security systems in the commercial sector.
The residential segment is also expected to contribute to the market growth. With the rising concerns about home security, individuals are investing in electronic security systems to protect their homes and loved ones. These systems offer features such as video doorbells, smart locks, and security cameras, providing homeowners with peace of mind and remote monitoring capabilities. The increasing adoption of smart home technologies and the growing trend of home automation are driving the demand for electronic security systems in residential settings.
Electronic Security Systems Market Segmentation By Type:
The video surveillance segment is expected to dominate the market during the forecast period. Video surveillance systems, including CCTV cameras and network cameras, are widely used for monitoring and recording activities in various settings. These systems provide real-time video footage, deterrence, and evidence collection capabilities, making them essential for security applications. The increasing demand for video analytics, high-definition cameras, and IP-based surveillance solutions is driving the growth of this segment.
The access control segment is also expected to witness substantial growth. Access control systems enable authorized individuals to enter or exit a premises or specific areas within a premises. These systems use technologies such as keycards, biometrics, or mobile credentials to authenticate and grant access. The increasing need for secure access management, the growing adoption of contactless access control solutions, and the integration of access control with other security systems are driving the demand for electronic access control systems.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global electronic security systems market during the forecast period. The region has a high adoption rate of advanced security solutions, driven by factors such as increasing security concerns, stringent regulations, and technological advancements. The presence of key market players, the growing demand for smart home technologies, and the need for enhanced security in commercial and industrial sectors further support market growth in North America.
Europe is also expected to witness substantial growth in the electronic security systems market. The region has a strong focus on safety and security, driven by factors such as increasing urbanization, the need for public safety, and the presence of critical infrastructure. The stringent regulations and standards related to security, along with the growing adoption of smart city initiatives, are driving the market in Europe.
Electronic Security Systems Market Customer Landscape:
The electronic security systems market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Electronic Security Systems Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the electronic security systems market include:
- Acuity Brands Lighting Inc.
- Cree Inc.
- Eaton Corporation
- General Electric Company
- Hafele America Co.
- Hubbell Incorporated
- Koninklijke Philips N.V.
- Legrand SA
- Osram Licht AG
- Signify Holding
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The electronic security systems market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Residential
o Commercial
o Industrial
- Type Outlook (USD Million, 2019 - 2032)
o Video Surveillance
o Access Control
o Intrusion Detection
o Alarm Systems
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Electronic Security Systems Industry MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Electronic Security Systems Industry MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Electronic Security Systems Industry Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Electronic Security Systems Industry MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type Ⅰ
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Type Ⅱ
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4. Type Ⅲ
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.5. Type Ⅳ
5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.6. Type Ⅴ
5.6.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.6.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Electronic Security Systems Industry MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application Ⅰ
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Application Ⅱ
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4. Application Ⅲ
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.5. Application Ⅳ
6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.6. Application Ⅴ
6.6.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.6.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Electronic Security Systems Industry MARKET REGIONAL OUTLOOK
7.1. Electronic Security Systems Industry Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Electronic Security Systems Industry Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Electronic Security Systems Industry Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Electronic Security Systems Industry Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Electronic Security Systems Industry Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Electronic Security Systems Industry Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Electronic Security Systems Industry Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Electronic Security Systems Industry Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Electronic Security Systems Industry Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Electronic Security Systems Industry Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Electronic Security Systems Industry Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Electronic Security Systems Industry Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Electronic Security Systems Industry Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Electronic Security Systems Industry Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Electronic Security Systems Industry Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Electronic Security Systems Industry Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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