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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Military and Defence Sector to Hold a Significant Market Share in the Perimeter Security Industry Over the Forecast Period
Based on end use, the military and defence segment is predicted to hold a significant market share over the forecast period. This can be attributed to the growing investments to ensure the security and safety of troops and citizens. The use of drones for aerial surveillance has considerably increased in the last few years.
The use of latest technology, such as integrated fibre optic perimeter intrusion detection systems (PIDS), video analytics, and thermal cameras, among others, is expected to significantly contribute to the market growth in the coming years.
Perimeter Security Market Report Snapshots
Perimeter Security Market Size
Perimeter Security Market Share
Perimeter Security Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global perimeter security market attained a value of nearly USD 74.53 billion.
The market is projected to grow at a CAGR of 7.8% between 2024 and 2032.
The major market drivers include the growing deployment of latest technologies in perimeter security, the emerging shift towards digital solutions, and surging concerns regarding perimeter intrusion threats from terrorist groups.
The increasing investments in public safety measures by the governments and the growing adoption of AI based unmanned aerial vehicles innovations are the key trends supporting the market growth.
The major regions in the perimeter security market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Access control, alarms and notifications, intrusion detection, video surveillance, and barriers, among others, are the various systems considered in the market report.
The major segments based on service of perimeter security included in the market report are system integration and consulting, risk assessment and analysis, managed security services, and maintenance and support.
The different end uses of perimeter security are commercial, government, industrial, military and defence, and transportation, among others.
The major players in the market are Agent Video Intelligence Ltd., Honeywell International Inc., Dahua Technology Co., Ltd, Senstar Corporation, Fiber SenSys, Inc., and Bosch Sicherheitssysteme GmbH, among others.
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