What Is Driving the Electronic Security Market? Axis Communications, Bosch Security and Safety Systems, FLIR Systems, G4S, Johnson Controls, Smiths Detection, ADT, ASSA ABLOY Group
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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.
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.
Key Companies -
2. ASSA ABLOY Group
4. Axis Communications
5. Bosch Security and Safety Systems
7. Fisher Research Laboratory Inc
8. FLIR Systems
9. Frontier Pitts Ltd
10. Future Fibre Technologies
14. Johnson Controls
15. L3 Security & Detection Systems
16. Millivision Inc
17. NAPCO Security Technologies
18. OSI Systems
20. RedXDefense, LLC
21. Scanna MSC
23. Schneider Electric
24. SDMS SECURITY PRODUCTS UK LIMITED
25. Smiths Detection
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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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