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Perimeter Security Market Trends

  • Report ID: GMI9911
  • Published Date: Jun 2024
  • Report Format: PDF

Perimeter Security Market Trends

Thermal imaging and Infrared (IR) technologies are gaining traction in perimeter security due to their effectiveness in low-light conditions and their ability to detect heat signatures. Governments and manufacturers are investing in thermal cameras and sensors to enhance situational awareness and perimeter monitoring capabilities. Thermal imaging and IR technologies are used in perimeter security owing to their unique capabilities to enhance surveillance, detection, and threat assessment in various environments and conditions.
 

For example, in May 2024, Rostec, a Russian state-owned corporation, developed an advanced thermal imaging system for driving in zero visibility conditions. This system is intended to enhance safety and visibility for drivers in low-light or foggy environments where traditional sensors may struggle to function effectively.
 

Rapid urbanization is fueling the construction of new infrastructure projects such as residential complexes, commercial buildings, transportation hubs, and public facilities. This expansion creates a greater need for perimeter security solutions to protect these assets from various security threats. Critical infrastructure sectors, such as energy, water, telecommunications, and healthcare, are vital for the functioning of society and the economy. With increasing threats of cyber-attacks, physical intrusions, and natural disasters, securing these facilities with perimeter security solutions becomes imperative.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of perimeter security reached USD 79.8 billion in 2023 and is set to witness over 7% CAGR from 2024 to 2032, owing to the increasing incidences of security threats worldwide.

Perimeter security industry from the services segment held around 55% share in 2023, due to the complexity of perimeter security systems requiring specialized expertise for installation, integration, and maintenance.

North America market accounted for 35% share in 2023, attributed to the robust economy and infrastructure driving significant investments in security measures to protect critical assets and public safety in the region.

Hikvision, Dahua Technology, Honeywell International Inc., Bosch Security Systems, FLIR Systems, Hanwha Techwin, and Johnson Controls International plc, are some of the major perimeter security companies worldwide.

Perimeter Security Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 209
  • Countries covered: 22
  • Pages: 220
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