Press release
3D Virtual Fence Market Size, Share - Industry Trend and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "3D Virtual Fence" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Virtual fencing is used to identify real time movement, activities or operations in areas under surveillance and notify if any suspicious activity is detected. The normal virtual fencing is two dimensional where accuracy is a huge concern since it uses 2D analytical camera which can easily be manipulated. 2D virtual fence can be influenced by environmental conditions, such as fallen leaves, snow, shadow and light changes, which may lead to false alarms, due to which 3D virtual fencing technology was introduced. 3D virtual fence is a system that can perceive real-time disturbances of objects or persons in-depth, at different heights, when an object passes a fence, which is predefined by installing a 3D stereo camera. The global 3D virtual fence market consists of numerous products such as 3D virtual cameras, 3-dimensional video motion detection systems and others. It is based on seismic detector technology, laser beam technology, laser systems integration and other technologies. 3D virtual fence is less influenced by lights and shadows and hence applicable to high traffic areas, infrastructure automation, banks, and defense which distinguishes it from other video analytics in the global market. The system requires no sensor devices or electro-sensitive protective equipment. The operation is guided by the 3D camera wizard. 3D virtual fence is ideally suited for monitoring treasure/product showcases, production inspection in factories, and building entrances with height restrictions, and danger zone protection etc.
There are various factors driving the growth of the 3D virtual fence market. One of the key factors is the level of accuracy provided by fencing. Accuracy has reduced the cost of additional facilities as there have been innovations in components and related technologies. High reliability is increasing the demand for 3D virtual fence in different verticals. Adoption rate of fencing is high in industrial, bank, and defense sectors. Impressive growth of this market is attributed to factors such as initiatives by governments. Ease of setting up the system, flexibility, and security needs on regional borders are also driving factors. Strong trend of R&D investment in several industries is driving the vendors to use more technologically advanced systems in order to gain competitive advantage in the market. However, 3D virtual fence system requires high capital investment for 3D stereo camera which is hampering the growth of the market.
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The 3D virtual fence market is segmented on the basis of type, technology, application, and geographic regions. By type, the market is segmented into 3D virtual fence and others. 3D virtual fence is again sub divided into 3D stereo camera. On the basis of technology, the 3D virtual fence market is segregated into seismic detector technology, laser beam technology, laser systems integration and others. The market is divided based on application into infrastructure automation, banks, defense and others. Geographically, the 3D virtual fence market is distributed over North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to dominate the global 3D virtual fence market due to high demand for virtual fencing in various industry verticals such as defense and banking.
Key players in the global 3D virtual fence market include Huper Laboratories, G&A Surveillance, CONTROP Precision Technologies Ltd., AngryMole Technologies and others. In order to gain competitive advantage in the market, these players are vigorously involved in organic and inorganic growth strategies. Partnerships, collaborations, agreements, and new product launches are some of the vital strategies followed by them.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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