It is expected that the surveillance and alert systems market will show substantial growth during the foreseen term. The reduction in the costs of the components and the raw material is contributing to the decrease in the trend of the prices of the electronic security market. Remote monitoring systems are finding more and more applications in developed regions such as the United States and Western Europe. The installation of a security solution for the home with remote monitoring capabilities allows the owner to access security cameras and video units located within the residential location in real time.
The North American electronic security market is projected to dominate the global business landscape due to government initiatives to integrate these systems into its public security segment. For example, the 2012 FAA Modernization and Reform Act contains provisions to make the process of licensing unmanned aerial systems (UAS) easier and faster for law enforcement officials. Several US states UU They are currently conducting test operations on drones to understand their capabilities and operational efficiency.
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The state and central governments of several countries are focusing mainly on the development and adoption of advanced systems in places of high traffic, such as public roads, transit stations and shopping centers, which contributes to the growth of the electronic security market. For example, the government of India in 2014 established a USD 125 million fund dedicated exclusively to the prevention of sexual violence among women through the installation of security equipment, such as surveillance systems in high-risk public places. These hardware systems are equipped with video analysis and advanced algorithms that allow the detection of criminals. In addition, technological advances have also helped improve existing technologies, such as high resolution 4k cameras and IP surveillance units.
The study on the global electronic security market evaluated the historical and current performance of this market, highlighting especially the key trends and opportunities for growth. According to the study, the growing demand for this product is driving the Global Electronic Security global market significantly. It is also expected that the expansion in the various related industries will be reflected positively in the sales of the Global Electronic Security product during the coming years.
Crime rates around the world are strongly affected by the increasing penetration of these systems in residential and commercial environments and are expected to boost the growth of the electronic security market. End users around the world are replacing conventional security systems, such as guards and physical controls, with high-tech solutions. The controls of the physical body in shopping centers and airports can be cumbersome and increase the discomfort of customers, mainly among women. X-ray body scanners, on the other hand, require the person to pass through an electronic frame.
The growing trend of smart city development in countries such as China and India is contributing to the high growth of the electronic security market. For example, the Chinese government has undertaken major construction projects for the development of smart cities with advanced security solutions in cities such as Dalian, Hangzhou, Nanjing and Tianjin. The increase in the population of travelers around the world is also leading to the growth of the electronic security market.
Public sector applications are the largest segment that generates revenue. Several government agencies are making use of advanced solutions for surveillance and criminal detection applications. For example, in September 2017, it was reported that a police department in Arkansas was using drones for highly specialized missions, such as tracking a suspect or obtaining an internal view and additional information in a hostage situation.
The players operating in the global electronic security market include Axis Communications, BOSCH Security Systems, Hitachi Ltd, OSI Systems, Inc., SDMS Security Products UK Ltd., Siemens AG, MilliVision Technologies, ASSA ABLOY, Scanna MSC Ltd ., Thales Group, RedXDefense LLC, etc. Industry players make strategic moves, such as mergers and acquisitions, to sustain growth. For example, in July 2017, Assa Abloy announced the acquisition of Arjo Systems SAS to strengthen its provisions for physical and digital identity solutions.
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The electronic security market research report includes an in-depth coverage of the industry with estimates and forecasts in terms of revenue in USD from 2013 to 2024, for the following segments:
Electronic Security Market, by Product.
• Access and control systems.
• Surveillance and alert system.
• Anti-theft system
• Counter-terrorism and inspection team.
Electronic Security Market, by Application.
• Public sector
• Personalized services sector.
The above information has been provided at the regional level for the following:
• North America
• Pacific Asia
• Central and South America
• Middle East and Africa
Chapter 1. Methodology and scope.
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast.
1.1.3. Information and validation of the industry.
1.1.4. Definition and forecast parameters.
1.2. Data sources
Chapter 2. Executive summary
2.1. 360 degree synopsis of the electronic security industry, 2013 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Application trends
Chapter 3. Perspectives of the electronic security industry
3.1. Segmentation of the industry
3.2. Landscape of the industry, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Provider matrix
3.4. Technology and landscape innovation.
3.4.1. Remote monitoring of security systems.
3.4.2. Smart door locking system
3.4.3. Biometric technology
3.4.4. License plate readers
3.4.5. Surveillance drones
3.4.6. IP network cameras
3.5. Regulatory landscape
3.5.1. Data Protection Act of 1998
3.5.2. British standards for video surveillance equipment.
3.5.3. Security rules of the Health Insurance Portability and Accountability Act (HIPAA)
3.5.4. ISO standard
3.5.5. Australian design rule 25/02 – Anti-theft lock
3.5.6. BSi PAS 68 and 69
3.6. Industry impact forces
3.6.1. Growth controllers
18.104.22.168. Growing instances of property theft and robbery in the United States.
22.214.171.124. Increasing penetration of home security solutions in the United Kingdom.
126.96.36.199. High risks associated with terrorist attacks in the United States, India and Europe.
188.8.131.52. Growing trend of automation and smart technology in Asia Pacific.
184.108.40.206. Technological advances in security electronics in Asia Pacific and the United States.
220.127.116.11. Great demand for wireless and contactless technologies in the US UU And the United Kingdom
3.6.2. Difficulties and challenges of the industry
18.104.22.168. High costs associated with the electronics of the security system.
22.214.171.124. Lack of technical knowledge to use security systems.
3.7. Analysis of growth potential
3.8. Porter analysis
3.9. Competitive panorama
3.9.1. Strategy Board
3.10. Pestel Analysis
Chapter 4. Electronic Security Market, by Product.
4.1. Market share of electronic security by product, 2016 and 2024.
4.2. Access and control system.
4.2.1. Estimates and forecasts of the market, 2013 – 2024.
4.3. Surveillance and alert system.
4.3.1. Estimates and forecasts of the market, 2013 – 2024.
4.4. Anti-theft system
4.4.1. Estimates and forecasts of the market, 2013 – 2024.
4.5. Counter-terrorism and inspection team.
4.5.1. Estimates and forecasts of the market, 2013 – 2024.
4.6.1. Estimates and forecasts of the market, 2013 – 2024.
Chapter 5. Electronic Security Market, by Application.
5.1. Security system of market share in electronics, by product, 2016 and 2024.
5.2.1. Estimates and forecasts of the market, 2013 – 2024.
5.3. Public sector
5.3.1. Estimates and forecasts of the market, 2013 – 2024.
5.4. Personal services sector
5.4.1. Estimates and forecasts of the market, 2013 – 2024.
5.5.1. Estimates and forecasts of the market, 2013 – 2024.
5.6.1. Estimates and forecasts of the market, 2013 – 2024.
5.7.1. Estimates and forecasts of the market, 2013 – 2024.
5.8.1. Estimates and forecasts of the market, 2013 – 2024.
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