Electronic Security Market is Booming Worldwide with Key Players: ADT, ASSA ABLOY Group, Axis Communications, Bosch Security and Safety Systems, FLIR Systems, G4S, Johnson Controls, Smiths Detection

The North America Electronic Security Market is projected to dominate the global business landscape owing to the government initiatives to integrate these systems into their public safety segment. For instance, the FAA Modernization and Reform Act of 2012 contains provisions to make the unmanned aerial systems (UAS) licensing process easier and quicker for law enforcement officials. Various U.S states are currently conducting trial operations on drones to understand their capabilities and their operational efficiency.

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The state and central governments of various countries are placing high focus on the development and adoption of advanced systems in high-traffic locations such as public roads, transit stations, and malls, contributing to the growth of the electronic security market.

Key Companies –

1. ADT
2. ASSA ABLOY Group
3. Autoclear
4. Axis Communications
5. Bosch Security and Safety Systems
6. Brivo
7. Fisher Research Laboratory Inc
8. FLIR Systems
9. Frontier Pitts Ltd
10. Future Fibre Technologies
11. G4S
12. Hitachi
13. Honeywell
14. Johnson Controls
15. L3 Security & Detection Systems
16. Millivision Inc
17. NAPCO Security Technologies
18. OSI Systems
19. Morpho
20. RedXDefense, LLC
21. Scanna MSC
22. Siemens
23. Schneider Electric
24. SDMS SECURITY PRODUCTS UK LIMITED
25. Smiths Detection
26. Thales

For instance, the Indian government in 2014 set up a USD 125 million fund solely devoted to the prevention of sexual violence among women through the installation of security equipment such as surveillance systems at high-risk public locations. These hardware systems are equipped with video analytics and advanced algorithms that allow the detection of criminals. Furthermore, technological advancements have also aided in the improvement of existing technologies such as high-resolution 4k cameras and IP surveillance units.

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The rising trend of the development of smart cities in countries such as China and India is contributing to the high growth of the electronic security market. For instance, the Chinese government has undertaken large construction projects for the development of smart cities imbued with advanced security solutions in cities such as Dalian, Hangzhou, Nanjing, and Tianjin. The rise in traveler population across the world is also leading to the growth of the electronic security market.

Public-sector applications are the largest revenue-generating segment. Various government bodies are making use of advanced solutions for surveillance and criminal detection applications. For instance, in September 2017, a police department in Arkansas was reported to be using drones for highly specialized missions such as the tracking of a suspect or obtaining an inside view and additional information in a hostage situation.

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Players operating in the global electronic security market include Axis Communications, BOSCH Security Systems, Hitachi Ltd, OSI Systems, Inc., SDMS Security Products UK Ltd., Siemens AG, MilliVision Technologies, ASSA ABLOY, Scanna MSC Ltd., Thales Group, RedXDefense LLC, etc. Industry players conduct strategic moves such as mergers and acquisitions to sustain growth. For instance, in July 2017, Assa Abloy announced the acquisition of Arjo Systems SAS to strengthen their physical and digital identity solution provisions.

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