Mexico Security Market Report and Forecast 2025-2034

Mexico Security Market Growth

According to the National Statistics and Geographic Institute of Mexico, Tabasco, Veracruz, State of Mexico, and San Luis Potosi are some of the Mexican states most vulnerable to crime-related threats. The National Survey on Urban Public Security suggests that the cities of Guadalajara, Ecatepec de Morelos, Venustiano Carranza, Zapopan, and Atizapan de Zaragoza, among others, also face significant threats of crime. Hence, private spending on security systems has increased significantly due to the limited availability of public security resources, increasing efforts to safeguard critical personal and institutional assets, and rising awareness about collective responsibility for crime prevention and good education.

Some of the common security challenges in Mexico include organised crime (homicide, robbery, kidnapping), migration, and oil and gas theft, among others. The Mexican government implemented the National Peace and Security Plan in 2019 to create the National Guard, in order to prevent crimes and preserve public security. It also underpins the development of the capabilities and reach of domestic military force, to combat criminal activity. In 2023, the government spent USD 17.8 billion on its national security and defence budget, which indicates its strong commitment to strengthening peace and harmony within the state. This is expected to drive the market growth over the forecast period.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Mexico Security Industry Segmentation

Mexico Security Market Share

Based on security system, the market is divided into access control systems, alarms and notification systems, intrusion detection systems, video surveillance systems, and barrier systems, among others. Over the forecast period, video surveillance systems are expected to emerge as the leading market segment, as an increasing number of consumers seek smart cameras for round-the-clock monitoring of their households.

Leading Companies in the Mexico Security Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• Teledyne Technologies Inc. (Teledyne FLIR LLC)

• Canon Inc. (Axis Communications AB)

• Honeywell International Inc.

• Johnson Controls International Plc

• WESCO International, Inc. (Anixter Inc.)

• ASSA ABLOY AB

• Global Guardian, LLC

• Black Mountain Solutions Ltd.

• Eagle Eye International Protective Services

• Others

Major market players are expected to launch technologically advanced security systems amid growing privacy and security concerns.