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Perimeter Security Market Research Report Information By Component (Solution, and Services), By Service (Professional Services, and Managed Services), By System (Perimeter Intrusion Detection, Video Surveillance Systems, Access Control Systems, Alarm and Notification Systems, Barrier Systems, and Other Systems (Fencing, Lighting, and Detection Devices for Metals, Explosives, Drugs, and Chemicals)), By End-use Sector (Commercial, Industrial, Infrastructural, Government, Military & Defense, Residential), And By Region (North America, Europe,


ID: MRFR/A&D/10999-HCR | 128 Pages | Author: Sejal Akre| June 2024

Global Perimeter Security Market Overview


Perimeter Security Market Size was valued at USD 65.2 Billion in 2022. The Perimeter Security market industry is projected to grow from USD 71.92 Billion in 2023 to USD 157.55Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.30% during the forecast period (2023 - 2032). Growing market participants' demand for technological cooperation and the high frequency of cross-border terrorist activity are the key market drivers accelerating market expansion.


 


Perimeter Security Market Overview


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Perimeter Security Market Trends



  • High frequency of terrorist acts across borders is driving the market growth


Market CAGR for perimeter security is being driven by the high frequency of terrorist acts across borders. Natural or artificial defenses that detect any entrance into the guarded site and notify the guards to take necessary action are examples of Perimeter Security. A Perimeter Security system keeps invaders out and hostages inside the secured area, protecting against burglary and vandalism. Sensor cables, microwave and infrared obstacles, concertinas, video sensors, fences with sensors, and other integrated electronic and mechanical components make up Perimeter Security systems.


Additionally, the establishment of Perimeter Security systems in vulnerable areas, such as military installations and critical infrastructure, the rise in terrorism, theft, sabotage, and illegal immigration has led to a major growth in the need for advanced security systems worldwide. Economic progress is contingent upon the implementation of advanced Perimeter Security technologies. Because of the enormous financial expenditures involved, terrorism has a detrimental effect on the economy. In an effort to combat terrorism and safeguard vital infrastructure, governments everywhere are concentrating on developing industry standards and regulations pertaining to Perimeter Security.


The necessity to cut personnel is a major factor driving the Perimeter Security market. Additionally, fewer manually checked checkpoints are required when using automated processes. Demand will rise in the near future for end-use sectors like oil, petrochemical, power, and other hazardous industries. Artificial intelligence, electronics, remote controls, semiconductors, and computer programming are frequently used in real-time security solutions. Technical collaboration among market participants is encouraged by the high level of manufacturing and operational complexity in the inspection drone sector. Stakeholders will have to spend more on research and development if they want to maintain their competitive edge. Security solutions help industry by enabling manufacturers to keep up with the growing level of automation in their facilities.


For instance, a total of EUR 350 million was spent by the German government in 32 projects that were chosen from the 2020 Smart City Model Projects Program. With an emphasis on cross-sectoral initiatives that other municipalities can adopt, by providing funds for the creation and execution of integrated smart city projects, the German government supports local governments. Thus, result in driving the Perimeter Security market revenue.


Perimeter Security Market Segment Insights


Perimeter Security Component Insights


The Perimeter Security market segmentation, based on Component includes Solution, and Services. The services segment dominated the market. A range of systems, such as access control, perimeter intrusion detection, video surveillance, and other systems, are used by Perimeter Security to enhance security measures. These technologies monitor and prevent crime in public spaces including airports, malls, and banks.


Perimeter Security Service Insights


The Perimeter Security market segmentation, based on Service, includes Professional Services, and Managed Services. The professional services category generated the most income. To function correctly, any ecosystem requires expert services. The services provided here include risk analysis, maintenance and support, training, system integration, and consultancy. The factors driving the professional services market are the need for more mobility among service consultants, the need for better productivity and efficiency, and the growing vulnerability of enterprises to cyber-attacks as a result of corporate digitalization.


Figure 1:  Perimeter Security Market, by Service, 2022&2032(USD Billion)


Perimeter Security Market, by Service, 2022&2032(USD Billion)


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Perimeter Security System Insights


The Perimeter Security market segmentation, based on System includes Perimeter Intrusion Detection, Video Surveillance Systems, Access Control Systems, Alarm and Notification Systems, Barrier Systems, and Other Systems (Fencing, Lighting, and Detection Devices for Metals, Explosives, Drugs, and Chemicals). The video surveillance systems dominated the market. CCTV cameras, video analytics, smart video devices that can be connected to many devices, and video cameras are the main products in this market. Due to its many uses and ease of installation, video surveillance systems are growing in popularity all over the world.


Perimeter Security End-use Sector Insights


The Perimeter Security market segmentation, based on End-use Sector, includes Commercial, Industrial, infrastructural, Government, Military & Defense, Residential. The military & defense segment generated the most income. There is a wide range of uses for Perimeter Security systems as a result of the growing population, evolving shopping and travel habits, and the existence of major entertainment hubs in different places.


Perimeter Security Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Perimeter Security market area will dominate this market. The existence of technology centers in the United States and the results of ongoing research and development in the field are responsible for this leading share. In addition, the region's growing adoption of the Internet of Things (IoT) is anticipated to support the Perimeter Security market's expansion.


Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.


Figure 2:  PERIMETER SECURITY MARKET SHARE BY REGION 2022 (USD Billion)


 


PERIMETER SECURITY MARKET SHARE BY REGION 2022 (USD Billion)


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Europe Perimeter Security market has the second-largest portion of the market due to the growing flames and other dangerous circumstances. Further, the German Perimeter Security market maintained the most market share, and the UK Perimeter Security market was the European market with the quickest rate of growth.


The Asia-Pacific Perimeter Security Market is expecting to expand between 2023 and 2032 at the quickest CAGR. Due to the region's expanding infrastructure and strict government regulations aimed at international safety, growth is predicted. Moreover, China’s Perimeter Security market maintained the most market share, and the Indian Perimeter Security market was the Asia-Pacific region's fastest-growing market.


Perimeter Security Key Market Players& Competitive Insights


Leading market players are putting a lot of money into R&D to expand the range of products they provide, which will help the perimeter security market flourish. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Perimeter Security industry must provide reasonably priced goods.


One of the main business strategies employed by manufacturers is to manufacture locally in order to reduce operating expenses in the Perimeter Security industry to help customers and expand the market segment. In recent years, the Perimeter Security industry has provided some of the most important benefits for defense security. Major players in the Perimeter Security market, including Axis Communications AB; Barrier1 Systems, Inc.; Optex, Inc.; Honeywell International, Inc.; Tyco International Ltd.; Puretech Systems; Senstar Corporation; Delta Scientific Corporation; and others, are making investments in R&D activities in an effort to raise market demand.


Honeywell International Inc. is a worldwide business with its headquarters located in Charlotte, North Carolina. Its main business sectors are building technologies, safety and productivity solutions (SPS), performance materials and technologies (PMT), and aircraft. Ranked 115th in 2023, Honeywell is a Fortune 500 firm. Although the corporate offices were amalgamated with AlliedSignal's in Morristown, New Jersey, the combined business decided to go with the moniker "Honeywell" due to the high level of brand awareness. In April 2021, The Xupermask is a smart mask that was created in partnership between Will.i.am and Honeywell. It is composed of silicon and athletic mesh fabric and has 3-speed fans, LED lighting, and noise-canceling headphones.


Tyco International plc was a security systems business that was founded in the United States (Tyco International (US) Inc.) and had its operating headquarters located in Princeton, New Jersey, in the Republic of Ireland. Fire protection and security solutions comprised Tyco International's two main business segments. The merger of Johnson Controls and Tyco was announced on January 25, 2016, with Tyco International plc—which would later become Johnson Controls International plc—combining all of the companies' operations. On September 9, 2016, the transaction was finalized. In October 2021, Johnson Controls revealed that Ava Robotics would power their new "Tyco Security Robot." This fully autonomous security robot combines video surveillance, security robotics, and access control with sensors, a touchscreen, and two Tyco Illustra cameras.


Key Companies in the Perimeter Security market include



  • Barrier1 Systems, Inc.

  • Optex, Inc.

  • Honeywell International, Inc.

  • Tyco International Ltd.

  • Axis Communications AB

  • Senstar Corporation

  • Delta Scientific Corporation

  • RBtec Perimeter Security Systems

  • Cias Elettronica Srl

  • Puretech Systems


Perimeter Security Industry Developments


August 2022 Morley Max is a new product from Honeywell. With its performance-driven design and user-friendly features, the lightweight, robust, and easy-to-use Morley MAX fire detection and alarm system is a performance-driven fire alarm control panel. It helps protect buildings and their occupants. Innovative technologies that help with faster communication are multi-Boolean logic and the CANBus protocol between panels. With Honeywell Connected Life Safety Services (CLSS), the panel is easily networkable.


June 2022 Night Color 2.0 Fusion Camera is a new product from Dahua Technology. Low-light applications needing full-color images and covert security are well-suited for the Night Color 2.0 fusion camera with fusion technology. Advanced real-time perimeter protection security, intelligent motion detection, and other features are included in the Analytics+ features. ePoE, triple-stream encoding, IP67 certification, and an Ultra-Wide Dynamic Range are further features.


Perimeter Security Market Segmentation


Perimeter Security Component Outlook



  • Solution

  • Services


Perimeter Security Service Outlook



  • Professional Services

  • Managed Services


Perimeter Security System Outlook



  • Perimeter Instrusion Detection

  • Video Surveullance Systems

  • Access Control Systems

  • Alarm and Notification Systems

  • Barrier Systems

  • Other Systems (Fencing, Lighting, and Detection Devices for Metals, Explosives, Drugs, and Chemicals)


Perimeter Security End-use Sector Outlook



  • Commercial

  • Industrial

  • Infrastrutural

  • Government

  • Military & Defense

  • Residential


Perimeter Security Regional Outlook



  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe


  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size2022 USD 65.2 Billion
Market Size 2023 USD 71.92Billion
Market Size2032 USD 157.55 Billion
Compound Annual Growth Rate (CAGR) 10.30% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Component, Service, System, End-use Sector, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil
Key Companies Profiled  Axis Communications AB; Barrier1 Systems, Inc.; Optex, Inc.; Honeywell International, Inc.; Tyco International Ltd.; Puretech Systems; Senstar Corporation;
Key Market Opportunities Significant advancements in cutting-edge technologies
Key Market Dynamics Growing demand from market players for technical collaboration


Frequently Asked Questions (FAQ) :

In 2022, the market for Perimeter Security was estimated to be worth USD 65.2 billion worldwide.

During the forecast period of 2023–2032, it is anticipated that the market would grow at a CAGR of 10.30%.

North America held the most market share worldwide.

Senstar Corporation, Tyco International Ltd., Axis Communications AB, Barrier1 Systems, Inc., Optex, Inc., Honeywell International, Inc., and Puretech Systems are the major companies in the market.

In 2022, the Services category held a dominant market share.

In the market, professional services held the biggest share.

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