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Perimeter Intrusion Detection Systems Market size was valued at USD 13.61 billion in 2023 and is poised to cross USD 77.35 billion by the end of 2036, registering more than 14.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of perimeter intrusion detection systems is estimated at USD 15.17 billion.
The growth of the perimeter intrusion detection systems market can be attributed to the growing smart city initiatives globally, followed by the growing concern for robbery and thefts worldwide, which in turn, is driving the need for perimeter intrusion detection systems. According to the statistics by the Federal Bureau of Investigation (FBI) of the United States, around 267988 robberies were recorded in the country in the year 2019. On the other hand, according to the statistics by the Eurostat, in the year 2019, 1567500 burglaries and 4801400 thefts in the European Union were recorded.
Besides this, the growing installations of video surveillance systems worldwide, which includes sonar, radar, automatic identification systems, and GPS among others, followed by the rising advancements in cloud and wireless technology in security systems are some of the additional factors anticipated to drive the market growth. Moreover, growing use of artificial intelligence, machine learning, and internet of things (IoT) technologies in perimeter intrusion detection systems, along with the numerous initiatives taken by the government of developed and developing countries globally to keep their citizens safe, are some of the key opportunities projected to contribute to the perimeter intrusion detection systems market growth in the coming years.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
14.3% |
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Base Year Market Size (2023) |
USD 13.61 billion |
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Forecast Year Market Size (2036) |
USD 77.35 billion |
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Regional Scope |
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The perimeter intrusion detection systems market is segmented by component into video surveillance systems, physical access control systems, perimeter security systems, other solution & systems, and services. Out of these, the video surveillance systems segment is anticipated to generate the largest revenue share of 42.66% by the end of 2036, up from a revenue share of USD 19.55% in the year 2020. By deployment type, the market is segmented into buried/invisible, fence mounted, and open-area/freestanding. Out of these, the open-area/freestanding segment is anticipated to generate the largest revenue share of 41.55% by the end of 2036. The segment further registered a revenue share of 18.18% in the year 2020. By communication technology, the perimeter intrusion detection systems market is segmented into cellular, microwave, VSAT, and others. Out of these, the cellular segment is expected to generate the largest revenue of USD 23019.6 Million by the end of 2030. By installation, the market is segmented into retrofit and new installations, out of which, the retrofit installation segment is anticipated to grow with the highest CAGR of 8.8% during the forecast period and also attain the largest revenue by the end of 2030. By end-user, the market is segmented into small enterprise, medium & large enterprise, and residential. Out of these, the medium & large enterprise segment is expected to attain the largest revenue of USD 38896.3 Million by the end of 2030. The perimeter intrusion detection systems market is further segmented by industry vertical into government & defense, BFSI, retail, transportation, information technology (IT), healthcare, and others. Out of these, the BFSI segment is expected to generate the largest revenue of USD 13409.2 Million by the end of 2030.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Deployment Type |
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Communication Technology |
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Installation |
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Regionally, the global perimeter intrusion detection systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific industry is likely to dominate 41% revenue share by 2036, due to growing focus of the government of the nations in the region, especially China, in increasing the perimeter security of different areas. China is also known to have the heaviest CCTV surveillance amongst all other countries globally. The country registered a share of close to 55% of the total number of CCTV surveillance cameras installed worldwide. Besides this, cities, such as Taiyuan, Wuxi, Changsha, and Beijing among others, were registered in the top 20 most surveilled cities around the globe, recording close to 120 cameras (per 1000 people), 90 cameras, 55 cameras, and 50 cameras respectively.
The market in the region is further divided by countries into Australia, Japan, Singapore, South Korea, China, India, and the Rest of Asia Pacific. Out of these, the perimeter intrusion detection systems market in China is anticipated to generate the largest revenue of USD 11637.4 Million by the end of 2030, by growing with the second-highest CAGR of 8.8% during the forecast period.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global perimeter intrusion detection systems market that are included in our report are
January 28, 2021: Dahua Technology Co., Ltd. announced that its 3rd Gen eco-thermal cameras, brand named Eureka, which was released in October 2020, is now available in major markets globally.
January 11, 2021: Southwest Mirowave, Inc. announced that it has introduced a broad range of digital and IP-based POE microwave intrusion detection links. The new generation technology is an alternative to the range of analog sensors of the company.
Author Credits: Abhishek Verma
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