Security and Surveillance Equipment Market

Security and Surveillance Equipment Market Snapshot (2022-2032)

The Global Security and Surveillance Equipment market share is projected to reach US$ 31.6 Bn in 2032. The growing global security concern, theft prevention and safety assurance has been increasing the demand for Security and Surveillance Equipment.

According to FMI, the Global Security and Surveillance Equipment market is estimated to be valued at US$ 17.8 Bn in 2022 and is projected to increase at a CAGR of 4.8% in the forecast period from 2022 to 2032.

Attribute	Details
Market Size (2021)	US$ 16.2 Billion
Market Size 2022	US$ 17.8 Billion
Market Size 2032	US$ 31.6 Billion
Value CAGR (2022 to 2032)	4.8%

Security and surveillance equipment is used to proctor any premises or any public place by complete monitoring those place digitally and observing any abnormal or irregular activity. Security and surveillance equipment is used to observe people's behaviour and activities. The equipment is set up for security, or the safety of persons and things. For people, businesses, and the government, theft and fraud at different sites result in enormous losses. This equipment helps identify these losses and minimise such activities as much as possible.

The potentiality of Security and surveillance equipment have been converted by latest technology of how digital data is gathered, analysed, shared, and stored. Smart cities and other locations with security concerns are already being developed with the help of security and surveillance technology. Additionally, a variety of government buildings, crucial national infrastructure, transportation, industry sectors, enterprises, and traffic control operations are now seen and managed by surveillance system equipment. Most of the institutes and government offices premises also adopting video surveillance equipment for their safety concern.

Historic Market Outlook for Global Security and Surveillance Equipment

The analysis of Security and Surveillance Equipment demand from 2017 to 2021 showed a historical growth rate of less than 3.5% CAGR, with growing expansion of smart cities, construction of big infrastructures, development of sectors like commercial and industrial sectors and growing businesses driving the market growth.

The world economy was significantly impacted by the COVID-19 pandemic. Several businesses were shut down and numerous people lost their jobs as a result of the virus spreading throughout the nation. Although huge firms were also impacted, small enterprises were primarily impacted. Barriers to the supply chain, lack of raw material for manufacturing of security equipment, industry closing, and an obstacle to the sales network temporarily dashed growth expectations of the Security and Surveillance Equipment.

However, supply and sales chain activities resumed in significant markets when infection curves began to flatten beginning in 2022. As a result, FMI’s Global Security and Surveillance Equipment demand projection predicts a CAGR of 4.8% by 2032.

What are the Various Factors Driving the Global Security and Surveillance Equipment Market?

The factors like growing safety and security concern, deters thieves and robbers, to reduce crimes and thefts, gathering of evidence of some irregular activities and to maintain its record are responsible for growth in Security and Surveillance Equipment used in various end use sectors.

The developing critical infrastructure which includes commercial sectors like financial services, government offices, business zones, institutions, emergency services, IT services, transportation are needed high level of security to prevent activities or accident before they occur. Almost every of these sectors install Security and Surveillance Equipment like CCTV camera’s, audio equipment to record the video or audio evidence of the incident which had been happened at that respective places. Similarly, most of the industry is having risk of occurring of hazardous incident like fire catching, accident of any labour or failure of any equipment. For this not to be happened, almost every industry and factory owner install security surveillance equipment for industry safety and Relentlessly monitoring of the plant site. Now-a days, the most chances of crime like theft, robbery and any violence is to government buildings and residential buildings. To fight theft, violence, and vandalism, efficiently, buildings owners are installing new-generation CCTV cameras, by which they can detect and interpret suspicious incidents by themselves. This Security and Surveillance Equipment systems also have the capability to cooperate with other systems, such as alarm systems. All of these factors are driving the market for Security and Surveillance Equipment Market.

However, data store by this Security and Surveillance Equipment is stored on cloud, therefore physical data storage devices is not required, which reduces the cost required to install the system. This advantage of low cost investment with other benefits discussed above will continue the growth of the Global Security and Surveillance Equipment market's growth trajectory.

Which Factors May Hinder the Global Security and Surveillance Equipment Market Growth?

Privacy and security concern regarding video Surveillance data or privacy regarding any individual personal data are the limiting factor for market of Security and Surveillance Equipment Market Growth.

In developed nations, video surveillance usage is widely used and growing quickly. The employment of such technologies is required due to ongoing security risks to public safety. The privacy of persons captured on camera is threatened by the extensive features offered by modern video surveillance systems. Utilization of video surveillance must be weighed against any privacy violations it may cause. Recent efforts have been made in several nations to exploit this capability to combat the coronavirus outbreak and impose social seclusion and stay-at-home rules. CCTV cameras are being installed outside, and occasionally even inside, the apartments of people for proctoring them for security reason. Because of this, organisations are becoming more and more conscious of their obligations to secure data under laws like the General Data Protection Regulation (GDPR), and they are taking more and more precautions.

The aforementioned, factor of privacy reason is hindering Global Security and Surveillance Equipment Market Growth

What is the Regional Analysis of the Global Security and Surveillance Equipment Market?

Geographically, the market is sub-segmented into North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa, Oceania. Among all of these region , North America and Europe are among the top region in terms of end use application sectors, collectively accounting as a prominent contributor to the total Security and Surveillance Equipment in 2021.

Established and already developed IT infrastructure with other growing commercial sectors in the North America region are main factors for contributing the development of the market in the region. Also, presence of top key global manufacturers in the region leads to maximum sales of Security and Surveillance Equipment in the region.

Similarly, growing businesses, commercial sectors and industrial sectors in Europe region is creating positive impact on Security and Surveillance Equipment Market. The Surveillance system installation is increasing in this sectors due to increasing awareness and importance of security concern.

Market Competition

Key players operating in the Global Security and Surveillance Equipment market include Hikvision Digital Technology Co., Sony Corporation, Zhejiang Dahua Technology Co., Swann surveillance systems, Defender surveillance systems, Uniden Corporation, Zmodo, Logitech, Samsung, Vivotek and Axis Communications.

The Global Security and Surveillance Equipment market is highly consolidated, with a limited number of large-scale vendors having the lion's share. The majority of companies in the Security and Surveillance Equipment invest a large amount of money in detailed research and development, mostly to create new and improved products with introduction of other digital and alarming services to it. The primary strategies taken by the key players in the Security and Surveillance Equipment are product expansion and mergers and acquisitions.

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 4.8% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type Application End User Region
Region Covered	North America Latin America Europe East Asia South Asia Middle East and Africa Oceania
Key Countries Covered	USA Canada Mexico Brazil Germany UK France Italy Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Hikvision Digital Technology Co. Sony Corporation Zhejiang Dahua Technology Co. Swann surveillance systems Defender surveillance systems Uniden Corporation Zmodo, Logitech Samsung Vivotek Axis Communications
Customization & Pricing	Available upon Request

Key Segments Profiled in the Global Security and Surveillance Equipment Market Report

By Product Type, Security and Surveillance Equipment Market is segmented as:

• Cameras
• Audio surveillance equipment
• Signal tracking
• Signal interception
• Computer surveillance software’s

By Application, Security and Surveillance Equipment Market is segmented as:

• Safety and security check
• Damage detection
• Structural health monitoring system in aerospace
• Structural health monitoring system in automotive industry
• Structural health monitoring system in naval
• Structural health monitoring system in civil
• Other

By End Use, Security and Surveillance Equipment Market is segmented as:

• Industrial
• Commercial
• Government
• Military

By Region, Security and Surveillance Equipment Market is segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

Frequently Asked Questions

What was the value of the Global Security and Surveillance Equipment Market in 2021?

In 2021, the value of the Global Security and Surveillance Equipment market reached over US$ 16.2 Bn.

At what rate is the Global Security and Surveillance Equipment market projected to expand during the forecast period?

During the forecast period, the Global Security and Surveillance Equipment market is estimated to expand at a CAGR of 4.8% during 2022-2032.

By 2032, what will the value of the Global Security and Surveillance Equipment market?

The Global Security and Surveillance Equipment market is projected to reach US$ 31.6 Bn by the end of 2032.

Which region/country is set to lead the Global Security and Surveillance Equipment market?

North America is projected to lead the Global Security and Surveillance Equipment market in the forecast period.

Which are the top players in the Global Security and Surveillance Equipment market?

The key players operating in the Global Security and Surveillance Equipment market are Hikvision Digital Technology Co., Sony Corporation, Zhejiang Dahua Technology Co., Swann surveillance systems, Defender surveillance systems, Uniden Corporation, Zmodo, Logitech, Samsung, Vivotek and Axis Communications.