Research Nester has released a report titled “Perimeter Intrusion Detection Systems Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In the year 2019, about 267988 robberies were recorded in the United States, according to the statistics by the Federal Bureau of Investigation (FBI) of the United States. On the other hand, 1567500 burglaries and 4801400 thefts were recorded in the European Union in the same year, according to the statistics by Eurostat.
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The statistics portray the growing concern for the rising incidences of robberies and thefts worldwide, which is one of the major factors anticipated to drive the demand for perimeter intrusion detection systems amongst residential and commercial users. These systems, which are usually connected via cloud and wireless technology, and include sonar, radar, automatic identification systems, and GPS among others, significantly help to lower such incidences of robberies and thefts. Such factors are anticipated to drive the growth of the perimeter intrusion detection systems market in the coming years.
The global perimeter intrusion detection systems market is anticipated to grow with a CAGR of 8.6% over the forecast period, i.e., 2020 – 2030. The market registered a revenue of USD 26318.0 Million in the year 2020, and is further expected to touch USD 59788.2 Million by the end of 2030. The market is segmented by deployment type into buried/invisible, fence mounted, and open-area/freestanding. Amongst these segments, the open-area/freestanding segment generated the largest revenue of USD 14257.7 Million in the year 2020, and is further projected to touch USD 32158.3 Million by the end of 2030.
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Regionally, the global perimeter intrusion detection systems market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in the Asia Pacific attained the largest revenue of USD 10649.9 Million in the year 2020, and is further anticipated to touch USD 24613.8 Million by the end of 2030.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the high installation costs, and the complexities in system integration are some of the major factors predicted to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global perimeter intrusion detection systems market, which includes company profiling of Bosch Security Systems, LLC, Johnson Controls, Inc., Honeywell International Inc., Axis Communications AB, RBtec Perimeter Security Systems, Southwest Microwave, Inc., Fiber SenSys, Inc., Senstar Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., ZKTECO CO., LTD., and others.
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