Auther / Researcher : MSf_78357
  • Category : Information & Communications Technology
  • Region : Global
  • Publishing Date : 04/15/2022
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Global Perimeter Security Market


Global Perimeter Security Market Share, Size, Trends, Industry Analysis Report, By Component (System, Service); By End-User (Commercial & Services, Industrial, Building &Infrastructure, Government, Military and Defense, Transportation), By Regions; Segment Forecast, 2021–2028

Market Overview

The global perimeter security market was valued at USD 62.2 billion in 2020 and is likely to reach USD 104.6 billion by 2028, growing at a CAGR of 7.7% during 2021-2028.

Perimeter security is a security solution which uses technology to secure a property’s perimeter or site from unauthorized access. The usage of perimeter security systems is rising across verticals such as military sites, critical infrastructure and other high-risk verticals to prevent and detect intrusions. Rising incidences of terrorism activities, theft, sabotage, and illegal immigration has led to a significant increase in demand for advanced security systems globally. 

Market Dynamics

Increasing perimeter threats across applications including military, transportation, chemicals, oil & gas, commercial complex and building & infrastructure among others has resulted in increased demand for multi-layered perimeter protection. The adoption of advanced perimeter security systems such as video surveillance, access control systems and alarm detection & notification has increased significantly due to rising incidences of vandalism, theft and sabotage.

With the rapid advancement in technology, the use of next-generation sensors, thermal cameras, infrared sensors, video analytics and integrated fiber-optic perimeter intrusion detection system (PIDS) has increased substantially in the past few years and is anticipated to continue to grow at a momentous growth rate over the forecast period. The use of internet protocol cameras has increased substantially over traditional CCTV cameras as it provides remote access, flexibility, and better scalability. Furthermore, growing emphasis on aerial security using unmanned aerial vehicles which are powered with computer vision and artificial intelligence is likely to propel the market growth.

Segmental Overview:

The market is primarily segmented on the basis of component, end-user, and geography.

By Component:

The systems segment accounted for largest market share in 2020 and is expected to register significant growth during the review period. Perimeter security systems comprise of access control systems, intrusion detection system, video surveillance systems, barrier systems, and alarm & notification systems among others. 

By End-User:

The military & defense segment dominated the perimeter security market in 2020. Military segment includes military bases, border patrol, command centers, maintenance areas, missile defense systems, surveillance centers, deployed operations, and weapons storage. It is essential to maintain proper military base perimeter security to ensure safety and security of troops & operations as well as secure check points.

By Geography:

Geographically, North America accounted for the largest market share of over 35% in 2020 and is likely to register a considerable CAGR during the assessment period. The regional growth can be attributed to increasing need for security against attacks. The presence of strong military industry coupled with high military budget and expenditure is the key factor driving the need for strong security system. In the US, the government agencies have taken initiatives to implement advanced surveillance systems at government embassies and courts as well as high-security areas. 

The market growth in Europe region is driven by increasing investment on perimeter security by countries such as Germany, the UK, Sweden, and France, among others in various sectors such as commercial, military & defense, banking and building & infrastructure. For instance, in UK approximately 22% of the overall security technology expenditure is spent on perimeter security technology.

COVID-19 Impact

The COVID-19 outbreak created a proliferating need to improve security as there were limited security personnel which increased the need for monitoring via CCTV cameras, video surveillance systems, thermal sensors, and motion controls, among others in different verticals. During the pandemic, the dependency on homeland security and law enforcement agencies has increased substantially. 

Competitive Insights

Some of the major players operating the global market are Honeywell, Hikvision, Dahua Technology, Pelco, Fiber Sensys, Inc., Bosch, Johnson Controls, Thales, Axis Communications, and Panasonic. These players are primarily engaged into designing and manufacturing of security and surveillance equipment. It offers high quality products equipped with latest technologies to enable smooth functioning of business operations. 

 

Chapter 1 Research Methodology

1.1 Introduction

Our team of researchers implemented a mix of primary and secondary research. Our projects initiate with secondary research, where we referred to a variety of sources comprising trade databases, investor presentations, company annual reports, the government published documents, white papers, and several paid databases. This process helped us outline the market and refine the scope of the study. We have a very strict guideline for selecting the sources of our information. These sources were screened and checked for the quality of data they offer and their methods of collecting such data. We always double-check the information from at least two sources to determine the credibility of the data.

1.1 Data Capture Sources

Post the initial data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across teams and by our in-house SMEs. Along with data mining, we also initiate the primary research phase in which we interact with compa-nies operating within the market space.

To evaluate the wholeness of the market, we interact (via email or telephone) with players who are responsible for adding value to the final product. Additionally, we interact with related industries to understand the external factors that can drive/hamper a market. We also make it a point to evaluate various economic parameters, which typically, have an impact on the purchasing choices of individuals as well as companies.

Post this stage, data is cross-verified with the companies that operate in a market space. It is important for us to study these companies in detail, to understand their existing performance and future strategies which will define the market in the coming years.

All this data is collected and evaluated by our analysts. Post the preparation of the report and data analysis, the findings are presented to our in-house experts who then eliminate discrepancies (if any).

1.1.1 Primary Sources

• Industry Associations

• Patent Websites

• Solutions and service providers

• Key industry leaders

• Technology consultants

• System Integrators

• Others

1.1.2 Secondary Sources

• Company Websites

• Company Presentations

• Company Annual Reports

• IEEE Journals

• Industrial Magazines

• White Papers

• Press Releases

1.1.3 Paid Data Sources

• Factiva

• D&B Hoovers

• Statista

• Owler

• Enlyft

• HG Insights

• Bloomberg

• CrunchBase

1.2 Market Size Estimation

We employ the universally accepted approach of data triangulation to estimate market sizes. We have applied a combination of top-down and bottom-up approaches to arrive at a small range close to the market size. We then connected with industry opinion leaders, subject matter experts, market participants, suppliers, traders, regulators, etc., to validate and verify our research findings and estimations. We approached participants from all stages of the supply chain and get their insights on the market to enhance the accuracy of our estimations and gain qualitative and subjective information to support our data.

1.2.1 Top-down approach: 

The top-down approach includes estimating the global market. We study the whole value chain to determine the parent market and the upstream market size in the value chain to justify our estimations for the market being studied. The top-down approach provides a way to verify the market size estimates from the total number. It is also used in further segmenting the market into smaller segments (country/application/others).

1.2.2 Bottom-up approach: 

We employ the bottom-up approach where the market data is available for sales of companies participating in the market. We study the country sales and sales in the inclusive segments of the market along with demographics of the individual countries to arrive at the estimates for the market.

 

  FIG. 1 Market Size Estimation: Top-down and Bottom-up Methodology 

 

Source: XYZ Research

1.3 Market Forecast

In the rapidly changing business scenario catalyzed by the changes in technology, traditional forecasting models fall short. Each market has unique characteristics and risks that impact it differently. We aim to find commonalities and abnormalities to identify real patterns. Consequently, we employ custom forecasting models using a mix of traditional time series forecasting methods adjusted to accommodate the effects of current factors that may have an impact on the current and future outlook of the market. 

The forecasting techniques we use are a mixture of regression analysis and exponential smoothening to align our predictive analysis with the recent trends and rapidly changing business cycles. For seasonal markets, we use hybrid forecasting methods that include spectral analysis in combination with the decomposition forecasting method.

  FIG. 2 Market Forecast 

 

Source: XYZ Research

 

 

1.4 Data Triangulation

  FIG. 3 Research Methodology -  Data Triangulation 

 

Source: XYZ Research

 

1.5 Assumptions and Limitations

• Factors including the underlying growth of end-user industry industries and new product launches by key manufacturers have been taken into consideration while forecasting growth.

• Financial data is provided for the private as well as publicly listed companies.

• Numbers may not add up due to rounding off.

• Inflation has not been considered while estimating and forecasting the market.

• Constant currency rates have been taken into consideration while calculating the market estimates to maintain uniformity.


Global Perimeter Security Market Share, Size, Trends, Industry Analysis Report, By Component (System, Service); By End-User (Commercial & Services, Industrial, Building &Infrastructure, Government, Military and Defense, Transportation), By Regions; Segment Forecast, 2021–2028

 

 1  Executive Summary

 

 2  Market Introduction

 2.1  Definition

 2.2  Architecture

 2.3  Scope of the Study

 2.4  Related Stakeholders

 

 3  Research Methodology

 3.1  Introduction

 3.2  Primary Research

 3.2.1  Key Insights

 3.2.2  Breakdown of Primary Interviews

 3.3  Secondary Research

 3.3.1  Important Sources

 3.4  Market Size Estimation Approaches

 3.4.1  Top-Down Approach

 3.4.2  Bottom-Up Approach

 3.4.3  Data Triangulation

 3.5  List of Assumptions

 

 4  Market Dynamics

 4.1  Introduction

 4.2  Drivers

 4.3  Restraints

 4.4  Opportunities

 4.5  Trends

 4.6  Porter's Five Forces Model Analysis

 4.7  Value Chain Analysis

 4.7.1  Vendor Matrix

 4.8  Regulatory Framework

 4.9  Impact of COVID-19 on Global Perimeter Security Market

 

 5  Global Perimeter Security Market, By Component

 5.1  Introduction

 5.2  System

 5.3  Service

 

 6  Global Perimeter Security Market, By End-User

 6.1  Introduction

 6.2  Commercial & Services

 6.3  Industrial

 6.4  Building &Infrastructure

 6.5  Government

 6.6  Military and Defense

 6.7  Transportation

 

 7  Global Perimeter Security Market, By Region

 7.1  Introduction

 7.2  North America

 7.2.1  US

 7.2.2  Canada

 7.2.3  Mexico

 7.3  Europe

 7.3.1  Germany

 7.3.2  UK

 7.3.3  France

 7.3.4  Italy

 7.3.5  Spain

 7.3.6  Rest of Europe

 7.4  Asia-Pacific

 7.4.1  China

 7.4.2  India

 7.4.3  Japan

 7.4.4  South Korea

 7.4.5  Rest of Asia-Pacific

 7.5  Rest of the World

 7.5.1  Middle East and Africa

 7.5.2  South America

 

 8  Competitive Landscape

 8.1  Introduction

 8.2  Market Ranking Analysis, 2020

 8.3  Competitive Dashboard

 8.4  Recent Developments, 2018-2021

 8.4.1  New Product Launches

 8.4.2  Partnerships

 8.4.3  Mergers or Acquisitions

 8.4.4  Business Expansions

 

 9  Company Profiles

(This section covers the Business Overview, Financial Overview, Product and Product Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.

 9.1  Honeywell

 9.1.1  Company Overview

 9.1.2  Financial Overview

 9.1.3  Product Offerings

 9.1.4  Key Developments

 9.1.5  SWOT Analysis

 9.1.6  Key Strategies

 9.2  Hikvision

 9.3  Dahua Technology

 9.4  Pelco

 9.5  Fiber Sensys, Inc.

 9.6  Bosch

 9.7  Johnson Controls

 9.8  Thales

 9.9  Axis Communications

 9.10  Panasonic

 

 10  Appendix

 10.1  Discussion Guide

 10.2  Customization Options

 10.3  Related Reports

 

 

List of Tables

 

Table 1  Global Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 2  Global Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 3  Global Perimeter Security Market, By Region, 2019-2028 (USD Billion)

Table 4  North America Perimeter Security Market, By Country, 2019-2028 (USD Billion)

Table 5  North America Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 6  North America Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 7  United States Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 8  United States Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 9  Canada Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 10  Canada Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 11  Mexico Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 12  Mexico Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 13  Europe Perimeter Security Market, By Country, 2019-2028 (USD Billion)

Table 14  Europe Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 15  Europe Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 16  Germany Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 17  Germany Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 18  United Kingdom Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 19  United Kingdom Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 20  France Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 21  France Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 22  Italy Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 23  Italy Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 24  Spain Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 25  Spain Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 26  Rest of Europe Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 27  Rest of Europe Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 28  Asia-Pacific Perimeter Security Market, By Country, 2019-2028 (USD Billion)

Table 29  Asia-Pacific Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 30  Asia-Pacific Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 31  China Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 32  China Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 33  India Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 34  India Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 35  Japan Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 36  Japan Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 37  South Korea Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 38  South Korea Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 39  Rest of Asia-Pacific Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 40  Rest of Asia-Pacific Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 41  Middle East and Africa Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 42  Middle East and Africa Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

Table 43  South America Perimeter Security Market, By Component, 2019-2028 (USD Billion)

Table 44  South America Perimeter Security Market, By End-User, 2019-2028 (USD Billion)

 

List of Figures

 

Figure 1 Global Perimeter Security Market: Market Segmentation

Figure 2 Global Perimeter Security Market: Research Methodology

Figure 3 Breakdown of Primary Interviews

Figure 4 Top Down Approach

Figure 5 Bottom Up Approach

Figure 6 Data Triangulation

Figure 7 Global Perimeter Security Market: Drivers, Restraints, Opportunities, and Challenges

Figure 8 Global Perimeter Security Market: Porter's Five Forces Model Analysis

Figure 9 Global Perimeter Security Market: Value Chain Analysis

Figure 10 Global Perimeter Security Market Share Analysis, By Component, 2020 and 2028

Figure 11 Global Perimeter Security Market Share Analysis, By End-User, 2020 and 2028

Figure 12 Global Perimeter Security Market Share Analysis, By Region, 2020 and 2028

Figure 13 North America Perimeter Security Market Share Analysis, By Country, 2020 and 2028

Figure 14 North America Perimeter Security Market Share Analysis, By Component, 2020 and 2028

Figure 15 North America Perimeter Security Market Share Analysis, By End-User, 2020 and 2028

Figure 16 Europe Perimeter Security Market Share Analysis, By Country, 2020 and 2028

Figure 17 Europe Perimeter Security Market Share Analysis, By Component, 2020 and 2028

Figure 18 Europe Perimeter Security Market Share Analysis, By End-User, 2020 and 2028

Figure 19 Asia-Pacific Perimeter Security Market Share Analysis, By Country, 2020 and 2028

Figure 20 Asia-Pacific Perimeter Security Market Share Analysis, By Component, 2020 and 2028

Figure 21 Asia-Pacific Perimeter Security Market Share Analysis, By End-User, 2020 and 2028

Figure 22 Middle East and Africa Perimeter Security Market Share Analysis, By Component, 2020 and 2028

Figure 23 Middle East and Africa Perimeter Security Market Share Analysis, By End-User, 2020 and 2028

Figure 24 South America Perimeter Security Market Share Analysis, By Component, 2020 and 2028

Figure 25 South America Perimeter Security Market Share Analysis, By End-User, 2020 and 2028

Figure 26 Global Perimeter Security Market: Competitive Benchmarking

Figure 27 Global Perimeter Security Market: Vendor Share Analysis, 2020