Global Physical Security Equipment Market Set to Reach Over US$ 60,000 Million | Future Market Insights,Inc.

According to Future Market Insights (FMI), the global physical security equipment market will be worth nearly $64,000 million by the end of 2022. The global market for physical security equipment is expected to grow at a staggering 10% CAGR during the forecast period (2017-2022).

The emergence of Thermal Cameras – A Major Trend Observed in the Market

A major trend being discerned in the market is the emergence of thermal cameras. As these cameras are water & heat-resistant, and use infrared radiation for taking images, they have evolved an indispensable part of physical security equipment in observing unique/large-scale outdoor environments.

Several institutions and critical infrastructures are being offered grants by governments for purchasing efficient surveillance equipment. The requirement for sophisticated security systems that help in ensuring safety of data has led the organisations to adopt data analytics, along with cloud-based data storages.

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The nature of the global physical security equipment market is highly fragmented, with presence of various large- as well as small-scale vendors competing for gaining larger market share.

These vendors are concentrating on providing innovative and highly-efficient security solutions coupled with customized security services for sustaining their presence in the market. In addition, they are also providing integrated security systems, which ensure optimum security. Global leaders in the market are adopting key strategies such as M&A, and are acquiring niche players, in a bid to enhance their product portfolio.

Organisations Adopting Physical Security Equipment for Safeguarding their Personnel & Property

It has become pivotal for different institutions around the world to adopt physical security equipment on the back of surging threats related to physical damage and attacks. Various organisations from end-use sectors including transportation, commercial, utilities & energy retail, residential, government, manufacturing, education, healthcare and BFSI are adopting physical security equipment for safeguarding their property as well as personnel.

The elevation in threats pertaining to terrorism across the globe has led the organisations and governments to spend more on latest and highly advanced security solutions, for ensuring safety of physical sites and people working there. Increasing incidences of espionage and thefts, particularly in banking sector and commercial buildings, are further driving adoption of physical security equipment worldwide.

Key Insights from FMI’s Report on Global Physical Security Equipment Market

  • Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fastest-growing market for physical security equipment. By the end of forecast period, APEJ will become the second most lucrative region for growth of the market. Government agencies in APEJ are increasingly deploying physical security equipment in public and transportation security, especially in China and India. In addition, soaring IT sector, coupled with rapid industrialisation in APEJ countries will further drive the market growth.
  • Sales of physical security equipment in government vertical segment are projected to register the highest CAGR through 2022. In addition, although healthcare vertical currently accounts for relatively lower revenue share of the market, it will exhibit an impressive expansion over the forecast period. BFSI is expected to remain the second largest vertical in the global physical security equipment market.
  • Consumer video surveillance will continue to be the most attractive physical security equipment, followed by thermal cameras and wireless infrastructure. Revenues from consumer video surveillance, thermal cameras and wireless infrastructure will collectively account for nearly two-third share of the market throughout the forecast period.

Competitive Landscape

FMI’s report has listed key players that are actively operating in the global physical security equipment market, which include Montaplast GmbH, Valeo SA, The Chamberlain Group, Inc., Siemens AG, Bosch Security Systems, Inc., United Technologies Corporation, Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis AB, Hanwha Techwin Co., Ltd., Johnson Controls International Plc, and Schneider Electric SE.

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Market Taxonomy

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Security Equipment:

  • Video Surveillance
  • Access Control
  • Intruder Alarms
  • Entrance Control
  • Consumer Video Surveillance
  • thermal Cameras
  • Wireless Infrastructure

Vertical:

  • BFSI
  • Education
  • Healthcare
  • Government
  • Manufacturing
  • Retail
  • Residential
  • Transportation
  • Utilities & Energy
  • Commercial

Table of Content

1. Global Market – Executive Summary

2. Global Market Overview

2.1. Introduction

2.1.1. Global Market Taxonomy

2.1.2. Global Market Definition

2.2. Global Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Market Y-o-Y Growth

2.3. Global Market Dynamics

2.4. Cost Structure Analysis

2.5. Pricing Analysis

2.6. Trade Outlook and Flow

2.7. Value Chain Assessment and Profitability Margins

2.8. Raw Material Sourcing Strategy and Analysis

2.9. Key Participants Market Presence (Intensity Map) By Region

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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