Covid-19 (CoronaVirus) Impact on Perimeter Intrusion Detection Systems Industry: Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Components (Service, Solution), Deployment Type (Open Area, Buries, Fence Mounted), Verticals (Aerospace, Government & Defense, Transportation, Industrial, Commercial) – Forecast Till 2023
According to MRFR, the global perimeter intrusion detection systems market 2020 is expected to reach USD 6 billion by 2023 at a CAGR of 6% over the review period 2017-2023.
The major players in the global perimeter intrusion detection systems market: Southwest Microwave (U.S.), Anixter International Inc. (U.S.), Honeywell International Inc. (U.S.), Schneider Electric (France), Advanced Perimeter Systems Limited (U.K.) RBtec Perimeter Security Systems (U.S.), Axis Communications AB (Sweden), FLIR Systems, Inc. (U.S.), Senstar Corporation (Canada), Tyco International PLC (U.S.), and among others.
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Adoption of fiber optics technology and network security technologies is pushing the perimeter detection systems market to expand. It is extensively used by sensing, questioning, and networking, and others, to deliver end-to – end intrusion detection solutions. There is a increasing demand for remote access via the cloud, and wireless technology is fueling market growth in security systems. Perimeter intrusion detection systems are commonly used in advanced video processing, video motion detection, microwave ovens, radar video monitoring, electromagnetic, infrared rays, electronic safety detection and others. These broad spectrum of applications greatly boost market growth. In addition, the implementation of strict government regulations on perimeter safety works favorably towards market growth. Such systems allow the cost of manpower to be that, which helps to create tremendous traction for the global market. There has been a boom in video surveillance systems that can be accessed through the cloud and wireless technology, because they are more reliable and size-efficient. This rise in the demand can be due to the increasing risk of terrorism and infiltration worldwide as well as increased government regulation on the securities. These systems enable the reduction the manpower cost. The terrorist threats and infiltration attempts have risen over the last few years. To retain common people’s security and important data, governments around the world are investing enormous amounts in security systems, triggering the global market for perimeter intrusion detection systems.
The increase in false alarm rates, on the other hand, hinders market growth. In addition, the challenges of integrating the current systems with the latest technologies are restricting business development. Conversely, the current perimeter intrusion detection systems have the high false alarm rate that hinders global market growth. The issues that are related to the integration of present systems with the new advanced technologies are keeping the market unstable.
The global market for perimeter intrusion detection systems is segmented according to components, type of deployment, verticals, and region. The part is segmented into hardware (sensors (seismic sensors, acoustic glass-break sensors, and shock sensors), solution, facilities (managed services, maintenance & support, system integration & consulting, risk assessment & analysis), and others. The form of deployment is further segmented into open field, buries, fence mounted, etc. The vertical component is further divided into aerospace, government & defense, transport, manufacturing, commercial and other sectors.
The regional analysis of perimeter intrusion detection systems market is being studied for region such as North America, Asia pacific, Europe and Rest of the World. North America is one of the leading regions across the world in terms of market share in perimeter intrusion detection systems market as the perimeter intrusion detection systems are widely used in various sectors aerospace, government & defense, transportation, industrial, commercial, and others. The demand for perimeter intrusion detection systems in Europe area is expected to see rapid growth in the years ahead. Though Asia Pacific countries such as China , Japan and India are an emerging player in the market for perimeter intrusion detection systems and are expected to develop at the highest CAGR in the coming years, as companies are interested in targeting perimeter intrusion detection systems in these markets to meet customer requirements.
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Heterogeneous Network
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
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