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Electronic Security Market Size By Component (Solution [ Access & Control System, Surveillance & Alert System, Anti-Theft System, Antiterrorist & Inspection Equipment], Service [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Connectivity (Ethernet, Wireless, Cellular), By Application (Environmental, Public Sector, Custom Service Sector, Postal, Telecommunications, Residential), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2132
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Electronic Security Market size exceeded USD 40 billion in 2020 and is anticipated to grow at a CAGR of over 10% from 2021 to 2027.

The market growth is attributed to the rising urbanization and favorable government initiatives through projects such as safe city and smart city. Large scale terrorist attacks and growing instances of organized crimes, such as smuggling, property theft, etc., are fueling the demand for electronic security systems in the market. The presence of surveillance and access monitoring equipment can also reduce the occurrences of vandalism and homicides. The growing emphasis on technologically advanced radars, surveillance systems, and night vision equipment is driving the market expansion.

Electronic Security Market Overview

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The electronic security market progression is credited to the increasing instances of property concerns and break-ins across geographies. The lack of adequate security measures taken up by consumers residing in high population locations in the U.S. is contributing to the increasing instances of security breaches and property theft. A high-quality electronic security can reduce the number of security guards and armed patrols and increase the overall visibility to all areas of a commercial location. The companies operating in the market are expected to develop an advanced electronic security system to cater to consumer demand.


Rising demand for real-time monitoring systems to foster the growth for surveillance systems in the electronic security market

In China, the demand for surveillance and alert systems is projected to grow significantly over the forecast timeline. Surveillance and alert systems are increasingly used in public places such as malls, bus stations, and airports. Variations in closed-circuit televisions, such as HD CCTV, analogue CCTV, ANPR systems, and video analytics, cater to requirements from several applications. The advanced operational capabilities of these electronic security systems will support the overall industry growth.

High focus of the UK government on counter-terrorism and national security to spur the electronic security market value in the country

Electronic Security Market Size

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In the UK, the cloud deployment segment will reach USD 500 million by 2022 led by the expansive digitization and penetration of CCTV cameras across the country. The regional authorities are also focusing on enhancing the regulatory framework. For instance, in June 2019, the UK government announced new security standards and compliance mark for manufacturers of CCTV cameras. There has been an extensive deployment of surveillance systems across cities in the country. These factors are poised to fuel the demand for cloud-based electronic security solutions.

Industry-wide penetration of digital infrastructure and favorable government initiatives to stimulate the electronic security market market revenue in Germany

Electronic Security Market Share

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In Germany, the ethernet connectivity segment is likely to cross USD 1 billion by 2027. The modern electronic security systems including surveillance cameras leverage ethernet connectivity to transmit the digital information to host computers. In addition, several enterprises in the market have developed electronic security systems with the support of power-over-ethernet (PoE) technology to manage both power flow and data transmission. The country is also witnessing substantial deployments of wireless surveillance systems.

Increasing complexity of attacks and government investments to accelerate the electronic security market demand in the Canada public sector

In Canada, the public sector application segment is set to progress at a significant growth rate of 10% through 2027. Theft of nuclear weaponry and radioactive products by unauthorized personnel for the creation of dirty bombs can lead to large scale destruction. To avoid this, the installation of electronic security has become a necessity in places such as nuclear facilities and medical & scientific laboratories. Electronic security equipment is predicted to observe a significant adoption by public security agencies due to installations in streets and heavy traffic roads.

Extensive emphasis on national security and rapidly evolving urbanization to drive the growth opportunities for the APAC region

Asia Pacific Electronic Security Market

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Asia Pacific electronic security market is estimated to attain a CAGR of over 10% during 2021 and 2027. The increased demand to safeguard the national security from terrorist attacks is one of the major factors enabling the demand for electronic security solutions in the market. This demand is also boosted by the rising spending to protect the critical infrastructures such as airports, banks, trade centers, government headquarters, and enterprise facilities. Additionally, rapid urbanization and continuing globalization have increased the need for advanced security solutions across the industry verticals, propelling the industry expansion.

Engaging in strategic mergers and acquisitions to gain a competitive edge in the industry

Some of the key players operating in the electronic security market are Auto Clear LLC, Axis Communications, Bosch Security Systems, FLIR Systems, Inc., G4S PLC, Hitachi Ltd, Honeywell, Lockheed Martin Corporation, Siemens AG, Thales Group, and OSI Systems, Inc. The global market has showcased strategic mergers and acquisitions.

The electronic security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Component

  • Solution
    • Access and Control Systems
    • Surveillance and Alert System
    • Anti-theft Systems
    • Antiterrorist and Inspection Equipment
  • Service
    • Professional Service
    • Managed Service

Market, By Deployment Model

  • On-premise
  • Cloud

Market, By Connectivity

  • Ethernet
  • Wireless
  • Cellular

Market, By Application

  • Environmental
  • Public sector
  • Custom service sector
  • Postal
  • Telecommunications
  • Residential
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Singapore
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The global market size of electronic security was valued at over USD 40 billion in 2020 and is poised to record a CAGR of more than 10% up to 2027.

China market size from surveillance and alert systems will grow considerable due to increasing adoption in public places, including malls, bus stations, and airports.

The regional industry revenue from the cloud deployment segment could cross USD 500 million through 2022 owing to the growing digitization and higher usage of CCTV cameras in the country.

Canada market share from the public sector application will grow at 10% rate through 2027 with rising instances of theft of nuclear weaponry and radioactive products by unauthorized personnel.

Asia Pacific electronic security market size will observe a 10% CAGR up to 2027 driven by the surging need for national security from terrorist attacks in the region.

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Premium Report Details

  • Published Date: Jul 2021
  • Companies covered: 20
  • Tables & Figures: 470
  • Countries covered: 22
  • Pages: 320

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