Increasing Defense Budget Allocations to Expand Perimeter Intrusion Detection Systems (IDS) Market 2022
January 22, 2020 by Market-NewsFlash
Increasing investments in security solutions for residential, commercial, and military applications are expected to drive the proliferation of the perimeter intrusion detection systems market on the global front. In this observation presented by Market Research Future (MRFR), the global perimeter intrusion detection systems market is expected to mark expansion at a CAGR of 6% across the assessment period 2017 to 2023. The market is further analyzed to reveal that its valuation is likely to touch USD 6 Bn mark by the end of the evaluation period.
Key players are leveraging next-gen technologies for the development of their product lines. It is anticipated to drive the expansion of the perimeter intrusion detection systems market in the coming years. In addition, the rising threats posed by the rise in crime rate have intensified the growth rate of the global market. Also, the rising attacks by terrorists and their constant infiltrations have boosted the military applications of security solutions. It is poised to unleash opportunities for the players in the perimeter intrusion detection systems market.
Based on component, the perimeter intrusion detection systems market has been segmented into solution, hardware (sensors (acoustic glass-break sensors, seismic sensors, and shock sensors)), services (maintenance & support, system integration & consulting, managed services, risk assessment & analysis), and others.
The deployment type segmentation of the perimeter intrusion detection systems market covers open area, fence mounted, buries, and others.
The segments of the perimeter intrusion detection systems market, based on vertical, are — aerospace, transportation, industrial, government & defense, commercial, and others.
The global perimeter intrusion detection systems market is assessed in this report on the basis of regions. These regions are then studied on the basis of countries. The regional segments profiled for the study are — North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is an established market and the technological development of the region is one of the key drivers of the market. A large fraction of the key players is from the region which is anticipated to have a positive effect on the growth of the regional perimeter intrusion detection systems market. Asia Pacific is a thriving perimeter intrusion detection systems market. The rising residential application of the product in the region is likely to contribute to market expansion.
Honeywell International Inc. (U.S.), Schneider Electric (France), Anixter International Inc. (U.S.), RBtec Perimeter Security Systems (U.S.), Axis Communications AB (Sweden), Advanced Perimeter Systems Limited (U.K.), Senstar Corporation (Canada), Tyco International PLC (U.S.), FLIR Systems, Inc. (U.S.), and Southwest Microwave (U.S.) are some of the major players of the perimeter intrusion detection systems market profiled in this MRFR study. These players are investing in technological developments for capturing more market share over the next couple of years.
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