Electronic Security Market is Growing at a CAGR of 8.4% During the Forecast Period

Electronics and Semiconductor Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Electronic Security Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the electronic security market size reached a value of US$ 36.43 Billion in 2020 and the market is expected to grow at a CAGR of 8.4% during 2021-2026.

Electronic security stands for an integrated system of integrated electronic circuits that provide physical safety of an enclosed space. It utilizes numerous power and mechanical components, such as access control, fire alarms, closed-circuit television (CCTV) surveillance, and intrusion control systems. Electronics security also offers monitoring over the entry points and help in reducing property damages and inventory losses by taking on-time action. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Electronics Security Market Trends:

The elevating levels of urbanization, along with the increasing penetration of automated machinery across diverse industry verticals, are augmenting the global market for electronics security. Additionally, the rising incidences of property break-ins and thefts are also driving the installation of electronics security systems across residential and commercial sectors. Besides this, the growing focus of numerous government authorities on securing public transportation and infrastructures, such as water plants, power grids, pipelines, etc., is also propelling the demand for electronics security.  The rising adoption of electronic security systems in shopping malls, residential apartments, and commercial buildings, is also inducing the market growth. Moreover, these systems are also used by individuals for access control, surveillance, fire detection, maintenance of attendance records, and internet monitoring, thereby experiencing high demand.

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Global Electronic Security Market Coverage and Segmentation 2021-2026:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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, etc.

The report has segmented the market on the basis of region, product type, service type and end-use-sector.

Breakup by Product Type:

  • Surveillance System
  • Access Control System
  • Intrusion Detection System
  • Alarming System
  • Others

Breakup by Service Type:

  • Installation Services
  • Managed Services
  • Consulting Services

Breakup by End-Use Sector:

  • Government
  • Residential
  • Transportation
  • Banking
  • Hospitality
  • Healthcare
  • Retail
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electronics-security-market

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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