Physical security refers to security measures that help monitor and control access to premises, equipment, or resources. These measures protect property or individuals from theft or attack. Physical security involves the use of multiple layers of security products such as surveillance systems, locks, and access control systems. The overall market is divided into two main segments, electronic physical security and mechanical physical security. Electronic physical security involves the integrated application of numerous systems synchronized to achieve specific aims. Some of the popular electronic physical security products include access control systems, video surveillance systems, alarms, vehicle security systems, contraband detection systems, and electronic article surveillance systems.
TechNavio’s analysts forecast the Electronic Security Products market in the US will grow at a CAGR of 6.64 percent during the period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Electronic Security Products market in the US for the period 2014-2018. To calculate the market size, the report considers revenue generated from the sales of products such as access control, alarms, video surveillance, contraband detectors, vehicle security, and electronic article surveillance used in electronic security systems. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.
TechNavio’s report, the Electronic Security Products market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US; it also covers the Electronic Security market in the US market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors
Bosch Security Systems Inc.
Honeywell International Inc.
Ingersoll-Rand plc
Tyco International Ltd.
Other Prominent Vendors
Cisco Systems Inc.
Electronic Security Products Inc.
Johnson Controls Inc.
Stanley Black & Decker Inc.
United Technologies Corp.
Key Market Driver
Growing Security Concerns in Government Sector.
For a full, detailed list, view our report.
Key Market Challenge
High Implementation Costs.
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Key Market Trend
Rapid Technological Advancements.
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Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?