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Worldwide Electronic Security Industry to 2026 - Featuring FLIR Systems, Hitachi and Honeywell International Among Others - ResearchAndMarkets.com

·4 min read

DUBLIN, September 06, 2021--(BUSINESS WIRE)--The "Electronic Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global electronic security market reached a value of US$ 36.43 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 8.4% during 2021-2026.

Companies Mentioned

  • Axis Communications (Canon Inc.)

  • ADT Security Services Inc. (Apollo Global Management Inc.)

  • Bosch Security Systems Inc.

  • FLIR Systems Inc.

  • Hitachi Ltd.

  • Honeywell International Inc.

  • IBM Corporation

  • Tyco International (Johnson Controls)

  • Lockheed Martin Corporation

  • OSI Systems

  • Siemens AG

  • Thales Group

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Electronic security refers to a system of integrated electronic circuits that are used to ensure the physical security of an enclosed space. It is designed to deny access to unauthorized individuals from physically entering a building or accessing stored information. It uses both power and mechanical components, such as access control, surveillance through close-circuit televisions (CCTVs), fire alarms and intrusion control systems. It provides users with elaborate surveillance that enables them to monitor entry points and minimize both property damages and inventory losses by taking timely action. Owing to this, it finds extensive applications across various sectors, including residential, government, transportation, banking, healthcare, hospitality and retail.

Rapid urbanization, along with the increasing automation across industries, is one of the key factors driving the growth of the market. Furthermore, rising instances of property thefts and break-ins are acting as another major factor contributing to the market growth. Both government and private organizations are employing electronic security solutions to monitor the occurrence of terrorist activities, such as contraband smuggling, shoot-outs and bombings in high risk and sensitive locations. In line with this, the rising inclination of the authorities toward securing public transportation and infrastructures, such as power grids, water plants and oil and gas facilities, is also providing a boost to the market growth. Additionally, widespread adoption of electronic security systems in shopping malls, residential apartments and commercial buildings, is acting as another growth-inducing factor. Individuals are using these systems for access control, surveillance, fire detection, maintenance of attendance records and internet monitoring.

The publisher provides an analysis of the key trends in each sub-segment of the global electronics security market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, service type and end-use-sector.

Key Questions Answered in This Report:

  • How has the global electronic security market performed so far and how will it perform in the coming years?

  • What are the key regional markets?

  • What has been the impact of COVID-19 on the global electronic security market?

  • What is the breakup of the market based on the product type?

  • What is the breakup of the market based on the service type?

  • What is the breakup of the market based on the end-use sector?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global electronic security market and who are the key players?

  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Electronic Security Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Product Type

7 Market Breakup by Service Type

8 Market Breakup by End-Use Sector

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Indicators

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/s5qif5

View source version on businesswire.com: https://www.businesswire.com/news/home/20210906005124/en/

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