ID: MRFR/ICT/6820-HCR | 111 Pages | Published By Ankit Gupta on March 2023
Perimeter Protection Market to hit USD 132.4 Billion by 2030 registering 7.40% CAGR during the forecast period 2022-2030
The Perimeter protection systems are integrated systems that help the facilities and organizations safeguard their premises. The advanced technologies in the market and the increasing investments in the industries are playing a crucial role in the overall growth of the Perimeter protection market. Especially the integration of the infra-red, microwave, radar, seismic sensors in the perimeter protection systems have enhanced the overall value of the devices and overall performance of the systems. The affordability of these advanced technologies and increasing production rate of the perimeter protection systems are propelling the overall growth of the Perimeter protection market. The increasing terror attacks and malicious activities in the developed countries have propelled the government to install potential perimeter protection systems that comply with the country’s regulations and standards. Perimeter Protection Market is expected to cross USD 132.4 Billion by 2030 at an impressive CAGR of 7.40%.
COVID 19 Analysis:
The COVID 19 has brought in several disruptions in varied industries and limited the development of the overall perimeter protection market growth. However, the demand for perimeter protection systems was increasing to monitor the inappropriate intrusions in the critical infrastructure such as military sectors and health sectors. The remote controlling systems were rapidly increasing during the pandemic as they minimize the requirement of on-premise operators. The demand for thermal monitoring devices in key public places in developed countries was rapidly increasing owing to the widespread of COVID 19. Therefore the pandemic has been favorable for the overall growth of the Perimeter protection industry.
CCTV cameras are increasingly replaced by IP cameras and IP network systems, as they are considered more flexible and offer remote accessibility and better scalability for large enterprises. The beneficiary features such as controllable bandwidth and higher resolution of even the fast-moving objects of the IP-based cameras and surveillance systems are increasing the demand for the IP-based surveillance systems, thereby propelling the overall growth of the perimeter protection industry.
The increasing investments in the market are bringing in several advancements in Perimeter protection systems, Thermal imaging, integration of AI and computer vision, facial recognition and unmanned aerial vehicles are driving the Perimeter Protection market growth in recent years.
The Potential Benefits of the perimeter protection systems which include the minimal requirement of manpower as the security force, easier operation, flexibility, advancement in technologies are expected to boost the perimeter protection market growth during the forecast period. Moreover, the increasing demand in the critical infrastructure such as military sites, financial institutions are also presenting lucrative opportunities for the overall growth of the Perimeter protection industry during the forecast period.
Several countries are increasingly facing terrorist attacks and intrusions. Therefore the protection of the crucial sectors is rapidly increasing. Additionally, the affordability of the protection systems combined with the favorable economic conditions of these countries is expected to fuel the Perimeter protection market growth during the forecast period. One of the recent reports states that there were over 125,000 illegal border crossings detected in Europe in the year 2020. Such factors are presenting lucrative opportunities for the overall growth of the Perimeter Protection industry.
The economic condition of several countries might not be sufficient to deploy the perimeter protection systems with the advancing technologies. The higher costs incurred for the deployment and maintenance of these perimeter protection systems are expected to hinder the overall growth of the market.
Lack of technical experts in some developing regions to operate the technology, handle advanced security solutions such as cloud-based security systems, IoT integrated systems are also hindering the overall growth of the market. Operators who lack proper knowledge in integrating the security systems could potentially damage the existing IT system or the critical infrastructure. Such factors are hindering the overall growth of the perimeter protection industry.
The integration of two different security systems might lead to major security issues. For instance, the integration of the systems from two different vendors might bring in several integrations and compatibility issues. This is considered a huge challenge for the overall growth of the perimeter protection industry.
Countries like Europe are facing numerous threats from global terrorism, which has propelled the installation of potential perimeter protection systems in several sectors. Many airports across the region are implementing advanced perimeter protection systems. However European countries have set up several regulations and standards for these protection technologies to comply, the higher standard and regulations are generally hard to meet and considered as the major challenge for the market.
Cumulative Growth Analysis:
The Commercial sector is considered as the major end-user of the market, owing to the involvement of huge value. Especially, financial institutions and banks require more protection when compared to other sectors. Additionally, corporate institutions are investing a significant amount for the protection of sensitive information about the organization and its employees. Therefore the commercial segment is expected to witness a higher growth rate when compared to other segments of the Perimeter protection market. The perimeter protection industry is expected to surpass the market value of over USD 276.46 Billion by the year 2027 while registering a CAGR of 13.46% during the forecast period.
The advent of automated protection systems, advanced sensors, intelligent perimeter protection systems in the market is further propelling the overall growth of the Perimeter Protection market in recent years. Moreover, the costs incurred for setting up manpower for security are higher and therefore the organizations are focusing on replacing the manpower with advanced perimeter protection solutions. Additionally, some of the recent reports also show that the automated perimeter protection systems have reduced the requirement of manual checking posts. Such factors are presenting lucrative opportunities for the perimeter protection market growth.
Value Chain Analysis:
The perimeter protection industry growth is highly influenced by the increasing number of urban crimes and terrorist attacks in several countries. In developed countries, the government is increasingly taking initiatives in protecting the government buildings, and higher-security areas. Especially, North America pioneers in adopting efficient perimeter security systems such as IP-based video surveillance for public safety. Moreover, the expanse of the end-user industries of Perimeter Protection market is increasing in recent years, whereas the major end-user industries include, Transportation, government and defense, critical infrastructure, nuclear power plants, chemical industries, power generation industries, oil and gas industries, and so on. Such factors are considered as the major drivers of Perimeter Protection industry growth.
Among other systems, video surveillance systems are considered the most-popular surveillance systems, as the cameras utilized for the video surveillance systems, are advancing in recent times. They can capture the images and videos with higher resolution that can be compressed and stored for analysis. The utilization of Cloud-based technologies and other advancing technologies in video surveillance systems are further augmenting the segment in recent years.
Based on End-User Industries:
Based on Area Of Restriction:
Based on Type:
Based on Services:
Among other regions, the Asia-pacific region is expected to witness tremendous growth in the Perimeter protection market owing to the increasing adoption of novel technologies. Moreover, the economic condition of the countries such as China, Japan, Singapore, Australia, and New Zealand is considered as the primary growth-stimulating factor of the Perimeter protection market. The favorable government policies across the region and growing urbanization are also presenting lucrative opportunities for the overall growth of the Perimeter protection market across the Asia-pacific region.
On the other hand, the increasing demand for the Perimeter Protection market is highly influenced by the increasing terrorist attacks and growing concern for the surveillance of the public in key areas, such as commercial and industrial verticals.
In the year 2020, one of the leading market players, Dahua Technology has introduced the Retail Epidemic solution that helps the retailers to carry out their daily operations and increase business efficiency. Dahua Technology is considered one of the leading video-centric IoT service providers. As several organizations were implementing safety measures due to pandemics, the Retail Epidemic Solution introduced by Dahua Technology possesses beneficiary features such as monitoring the body temperature and calculating the customer accurately with the AI technology.
In the year 2019, one of the leading market players, Honeywell has introduced its Honeywell Forge Cyber Security Suite that offers better cyber security risk monitoring and increases the visibility of the vulnerabilities and threats to the operators. This helps the organization to mitigate the risks and increase the efficiency of the management.
This Report Has Covered:
|Market Size||USD 276.46 Billion (2025)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Services|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Honeywell International Inc, Schneider Electric, Hikvision Digital Technology Co., Ltd, FLIR Systems, Axis Communications AB, Dahua Technology Co., Ltd, Tyco International PLC,Bosch Security Systems, United Technologies Corporation, Southwest Microwave, Inc Johnson Controls International PLC, Rbtec Perimeter Security Systems, Fiber Sensys, Inc, Cias Elettronica, Senstar Corporation, Puretech Systems, Inc|
|Key Market Opportunities||Perimeter protection also reduces the reliance on manned protection and limits the manpower required to oversee the protection of vast areas.|
|Key Market Drivers||Increased government focus on perimeter protection|
The global perimeter protection market is projected to grow at approximately 7.40% CAGR during the assessment period (2022-2030).
The valuation of the global perimeter protection market is estimated to increase to USD 132.4 BN by the end of 2030.
North America holds the largest share in the global perimeter protection market, followed by Europe and the Asia Pacific region, respectively.
Honeywell International Inc., Schneider Electric, Hikvision Digital Technology Co., Ltd., FLIR Systems, Axis Communications AB, Dahua Technology Co., Ltd., Tyco International PLC, Bosch Security Systems, United Technologies Corporation, Southwest Microwave, Inc., Johnson Controls International PLC, Rbtec Perimeter Security Systems, Fiber Sensys, Inc., Cias Elettronica, Senstar Corporation, and Puretech Systems, Inc., are some of the top players operating in the global perimeter protection market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global perimeter protection market adopt to gain a larger competitive advantage.