Physical Security Market (By Component: Systems, Services; By Systems: Video Surveillance, Intrusion Detection, Access Control, Exterior Security Systems; By Services: System Integration, Remote Monitoring; By End-use: Transportation, Government, Banking & Finance, Utility & Energy, Residential, Manufacturing & Industrial, Industrial, Retail, Commercial, Hospitality) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 2030

The global physical security market size is expected to be worth around US$ 180.0 billion by 2030, according to a new report by Vision Research Reports.

The global physical security market size was valued at US$ 115.9 billion in 2020 and is anticipated to grow at a CAGR of 8.5% during forecast period 2021 to 2030.

Physical Security Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size USD 180.0 billion by 2030
Growth Rate CAGR of 8.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Component, systems, services, end use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Genetec Inc.; Cisc Systems Inc.; Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; ADT LLC

Growth Factors

 safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth.

Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries.

By Component Analysis

Based on component, the market has been segmented into systems and services. The systems segment is anticipated to hold the largest share of the market through the forecast period. The growth is primarily attributed to an increase in adoption of video surveillance systems within the residential sector. 

The services segment is expected to register a CAGR of over 6.5% from 2020 to 2020. Services comprise deployment, maintenance, and updating of equipment as well as software, which further improves performance by providing the user with optimum control of the complete security infrastructure. 

By Systems Analysis

On the basis of systems, the market has been classified into video surveillance, intrusion detection, access control, and exterior security systems. Video surveillance system dominated the market in 2019 with a share of more than 45.0%.

The access control hardware segment is anticipated to witness the highest growth rate over the forecast period. Implementation of mobile access control with readers is likely to improve access control security, thereby enhancing security architecture.

By Services Analysis

Based on services, the market has been segmented into system integration, remote monitoring, and others. The system integration segment accounted for a share of more than 48.0% of the physical security market. The segment is driven by factors such as new technologies, changing approach of customers toward security operations, demand for cost-effective physical security hardware, stringent regulatory compliance, and rapid growth of enterprises.

Wide usage of cloud computing solutions in organizations, increasing automation, and an integrated approach in business processes are projected to drive the implementation of integrated solutions. 

By End-use Analysis

 Based on end use, the market has been classified into transportation, government, banking and finance, utility and energy, residential, manufacturing and industrial, retail, commercial, hospitality, and others. Residential is projected to register the highest CAGR of 10.4% from 2020 to 2030 due to the high number of damages caused to assets and resources during thefts and other attacks.

Advancements in physical security technology such as IoT, coupled with growing awareness about cyber-attacks among consumers, drives the demand for physical security systems for protecting government and banking institutions. 

By Regional Analysis

North America dominated the global market in 2020 and this trend is expected to continue through the forecast period. North America accounts for the highest adoption of advanced physical security systems. The regional market is driven by factors such as strong economic growth, regulatory reforms, and rising investments by SMEs in physical security solutions.

The Asia Pacific market is expected to register the highest CAGR over the forecast period. This growth can be attributed to the increasing demand for smart security solutions across India and China. Significant investments by the Chinese government in safe city projects which primarily focus on city surveillance and traffic monitoring are anticipated to drive market growth.

Key Players

Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc.; Genetec Inc.; Cisc Systems Inc.; Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; and ADT LLC.  

Market Segmentation

  • By Component 

    • Systems

    • Services

  • By Systems 

    • Video Surveillance

    • Intrusion Detection

    • Access Control

    • Exterior Security Systems

  • By Services 

    • System Integration

    • Remote Monitoring

    • Others

  • ByEnd-use 

    • Transportation

    • Government

    • Banking & Finance

    • Utility & Energy

    • Residential

    • Manufacturing & Industrial

    • Industrial

    • Retail

    • Commercial

    • Hospitality

    • Others

  • Regional

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

The Physical Security market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Physical Security market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Physical Security market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Physical Security market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Physical Security market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Physical Security capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Physical Security by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Physical Security market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Physical Security market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Physical Security market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Physical Security industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Physical Security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Physical Security market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Physical Security market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Physical Security market. These factors have benefited the growth of the global market for Physical Security. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Physical Security. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Physical Security are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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