US Electronic Security Systems Market to 2027 - Country Analysis and Forecasts by Product Type (Surveillance Systems, Alarming Systems, Access Control System); Component (Camera, Monitor, Storage Device, Software)
US electronic security systems market was valued at US$ 10.33 Mn in 2018, and is calculated to reach US$ 20.50 Mn by 2027, growing at a CAGR of 8.4% from 2019 – 2027.
The US electronic security systems market is anticipated to grow at a higher pace during the forecast period, mainly due to a large number of vendors coming forward and offering electronic security systems to the federal, state and local government agencies throughout the US. The leading players are involved in designing, developing, installation, and maintenance of technically complex integrated electronic security systems for federal government customers. There are number of agencies and associations in the United States working for the development of security systems, such as, Department of Homeland Security (DHS), Department of Defense, Department of Transportation, Department of Health and Human Services, US States Security Licensing Guide, Department of Energy, National Security Agency (NSA), General Services Administration (GSA), and Electronic Security Association (ESA), among others.
The electronic security systems market players are experiencing significant demand for their products and solutions in recent years as the buyer’s base is at a constant rise. The buyers of electronic security systems include the Federal Government verticals. The demand for electronic security systems differs among end-users; for instance, the Department of Homeland Security (DHS) demands for access control systems such as biometrics systems, network management support service; intrusion detection system among other. Alike to DHS, the Department of Defense (DoD) also demands biometrics and intrusion detection, the DoD also procures card readers, video surveillance systems, electronic locks. On the other hand, the Department of Transportation (DoT) majorly adopts smart card readers and video surveillance cameras. The mixed demand for different system types is throttling the growth of the electronic security systems market. Pertaining to the factors as mentioned above, the bargaining power of buyers is expected to remain high throughout the forecast period.
Market Insights
Rise in Adoption of AI in Video Surveillance Cameras
There is a massive demand for the incorporation of artificial intelligence (AI) in video surveillance systems. The incorporation of Artificial Intelligence (AI) in video surveillance systems to assist in video, Big Data, and the Internet of Things (IoT) analytics is attributed to reduce the analysis timing and improve decision-making capabilities. The video analytics software also enhances the capabilities of IP cameras and enables them to function intelligently and efficiently. AI assists in effective monitoring, followed by feeding captured imageries and alerting the guards in case of suspicious activities in and around the workstations. This factor helps the surveillance teams to enhance security, and save human efforts and time. Moreover, AI in video surveillance systems facilitate a wide range features such as facial recognition, motion detection, and license plate reading. The processing power of modern video surveillance cameras has increased to a greater extent with the incorporation of AI, which in turn has increased the hosting power of cameras for various analytics tools, thereby enhancing the reliability of IP camera. Thus, the incorporation of AI in video surveillance systems is fueling the electronic security systems market and is anticipated to bolster the market in the future.
Electronic security systems Market - Product Type Insights
The US electronic security systems market by product type is segmented into surveillance systems, alarming systems, and access control. The surveillance systems segment dominated the electronic security systems market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. The access control system segment is the anticipated to surge at a prime rate during the forecast period.
Surveillance Systems Insights
Surveillance security systems are available in both wired and wireless configurations and can be further segmented into: camera, video management, and IP video recording. These systems continuously monitor buildings such as governmental buildings, federal office buildings, or governmental infrastructures. The output of surveillance systems can be used remotely viewed on smartphones, tablets, and computers for recording any illegal activities. It helps the building owners in monitoring the tasks when remotely. The US Federal Governmental buildings and infrastructures are challenged with severe levels of threat from various illicit groups. Thus, with an objective to secure the building or infrastructure premises from any unlawful entrance, the Federal Government is undertaking significant strides to adopt technologically advanced surveillance systems, which is boosting the surveillance systems market, which in turn is catalyzing the growth of the US electronic security systems market.
Access Control Systems Insights
The US governmental buildings, transportation systems, border areas, airports, seaports, and various other infrastructures have experienced illegal entrance which has led to significant loss in terms of monetary funds and data. This factor has escalated the demand for access control systems across the country, thereby, driving the electronic security systems market in the US. The card readers are by far the most attractive access control systems across verticals of Federal Government, however, higher demand for biometrics is being experienced in the current scenario. In the current technologically advanced market scenario, the card readers are easily breach-able, which is again a potential threat to various security-prone infrastructures. On the other hand, biometrics systems are highly secured as the same records and access an individual’s biological characteristics. These factors are attracting the customers which is propelling the electronic security systems market in the US.
US Electronic security systems Market by Access Control System
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Strategic Insights
Mergers and acquisition and acquiring contracts are the two most prominent strategies adopted by companies to enhance the product portfolio and meet the growing demand. The players present in the electronic security systems market also adopt the strategy of expansion and investment in research and development to enlarge customer base in the US and worldwide, which also permits the players to maintain their brand name globally.
US Electronic security systems Market, by Product Type
- Video Surveillance Systems
- Camera
- Video Management
- IP Video Recording
- Alarming Systems
- Monitoring System
- Intrusion Detection System
- Perimeter Alarm System
- Access Control System
- Card Reader
- Biometrics
- Electronic Systems
US Electronic security systems Market, by Component
- Camera
- Monitor
- Storage Devices
- Software
- PSIM
- Identity Management
Electronic security systems Market - Company Profiles
- ADT
- BAE Systems
- Evergreen Fire and Security
- Honeywell International Inc.
- Surveillance Secure Inc.
- Integrated Security Technologies
- Johnson Controls
- KBR Inc.
- Leidos
- Lockheed Martin Corporation
- LVW Electronics
- MC Dean Inc.
- Mantech International Corporation
- Northrop Grumman Corporation
- Orion Security Systems
- Parsons Corporation
- Securitas Electronic Security, Incorporated.
- Science Application International Corporation
- Security Hunter
- Serco Inc.
- Siemens
- Split Pine Technologies, Inc.
- Stanley Convergent Security Solutions
- Xator Corporation
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 US Electronic Security Systems Market, by Product Type
1.3.2 US Electronic Security Systems Market, by Component
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Electronic Security Systems– Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 PEST Analysis: US Market
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat to New Entrants
4.3.4 Threat to Substitutes
4.3.5 Degree of Competition
4.4 Ecosystem Analysis
5. Key Market Dynamics
5.1 Drivers
5.1.1 Increasing Incidences of Terrorist Attacks and Other Crimes
5.1.2 Rise in Adoption of AI in Video Surveillance Cameras
5.2 Restraints
5.2.1 High Maintenance and Installation Costs, and Privacy Issues
5.3 Opportunities
5.3.1 Proliferation of “Smart City” Initiatives
5.4 Trends
5.4.1 Integration of Bluetooth Low Energy is Expected to Draw Attention of End Users
5.5 Impact Analysis of Drivers and Restraints
6. Electronic Security Systems – US Market Analysis
6.1 US Electronic Security Systems Market Overview
6.1.1 US Electronic Security Systems Market Forecast and Analysis
6.1.2 Competitive Analysis
7. US Electronic Security Systems Market Analysis – By Product Type
7.1 Overview
7.2 US Electronic Security System Market Breakdown, by Product Type, 2018 and 2027
7.3 Surveillance Security System
7.3.1 Overview
7.3.2 Surveillance Security System Market, Revenue and Forecast to 2027 (US$ Bn)
7.3.2.1 Camera
7.3.2.1.1 Camera Market, Revenue and Forecast to 2027 (US$ Bn)
7.3.2.2 Video Management
7.3.2.2.1 Video Management Market, Revenue and Forecast to 2027 (US$ Bn)
7.3.2.3 IP Video Recording
7.3.2.3.1 IP Video Recording Market, Revenue and Forecast to 2027 (US$ Bn)
7.4 Alarming System
7.4.1 Overview
7.4.2 Alarming System Market, Revenue and Forecast to 2027 (US$ Bn)
7.4.2.1 Monitoring Systems
7.4.2.1.1 Monitoring Systems Market, Revenue and Forecast to 2027 (US$ Bn)
7.4.2.2 Intrusion Detection
7.4.2.2.1 Intrusion Detection Market, Revenue and Forecast to 2027 (US$ Bn)
7.4.2.3 Perimeter Alarm
7.4.2.3.1 Perimeter Alarm Market, Revenue and Forecast to 2027 (US$ Bn)
7.5 Access Control System
7.5.1 Overview
7.5.2 Access Control System Market, Revenue and Forecast to 2027 (US$ Bn)
7.5.2.1 Card Reader
7.5.2.1.1 Card Reader Market, Revenue and Forecast to 2027 (US$ Bn)
7.5.2.2 Biometrics
7.5.2.2.1 Biometrics Market, Revenue and Forecast to 2027 (US$ Bn)
7.5.2.3 Electronic Locks
7.5.2.3.1 Electronic Locks Market, Revenue and Forecast to 2027 (US$ Bn)
8. US Electronic Security Systems Market Analysis – By Component
8.1 Overview
8.2 US Electronic Security System Market Breakdown, by Component, 2018 and 2027
8.3 Camera
8.3.1 Overview
8.3.2 Camera Market, Revenue and Forecast to 2027 (US$ Bn)
8.4 Monitor
8.4.1 Overview
8.4.2 Monitor Market, Revenue and Forecast to 2027 (US$ Bn)
8.5 Storage Device
8.5.1 Overview
8.5.2 Storage Device Market, Revenue and Forecast to 2027 (US$ Bn)
8.6 Software
8.6.1 Overview
8.6.2 Software Market, Revenue and Forecast to 2027 (US$ Bn)
8.6.2.1 PSIM Locks
8.6.2.1.1 PSIM Market, Revenue and Forecast to 2027 (US$ Bn)
8.6.2.2 Identity Management
8.6.2.2.1 Identity Management Market, Revenue and Forecast to 2027 (US$ Bn)
9. Industry Landscape
9.1 Overview
9.2 Partnerships & Acquisitions
9.3 Synergetic Market
10. Company Profiles
10.1 ADT Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 BAE SYSTEMS PLC
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Evergreen Fire and Security
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Honeywell International Inc.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Integrated Security Technologies, Inc.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Johnson Controls International Plc.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 KBR Inc.
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 LVW Electronics
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 LOCKHEED MARTIN CORPORATION
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Leidos Holdings, Inc.
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
10.11 M.C. Dean, Inc.
10.11.1 Key Facts
10.11.2 Business Description
10.11.3 Products and Services
10.11.4 Financial Overview
10.11.5 SWOT Analysis
10.11.6 Key Developments
10.12 ManTech International Corporation
10.12.1 Key Facts
10.12.2 Business Description
10.12.3 Products and Services
10.12.4 Financial Overview
10.12.5 SWOT Analysis
10.12.6 Key Developments
10.13 Orion Security Systems
10.13.1 Key Facts
10.13.2 Business Description
10.13.3 Products and Services
10.13.4 Financial Overview
10.13.5 SWOT Analysis
10.13.6 Key Developments
10.14 Northrop Grumman Corporation
10.14.1 Key Facts
10.14.2 Business Description
10.14.3 Products and Services
10.14.4 Financial Overview
10.14.5 SWOT Analysis
10.14.6 Key Developments
10.15 Parsons Corporation
10.15.1 Key Facts
10.15.2 Business Description
10.15.3 Products and Services
10.15.4 Financial Overview
10.15.5 SWOT Analysis
10.15.6 Key Developments
10.16 Surveillance Secure
10.16.1 Key Facts
10.16.2 Business Description
10.16.3 Products and Services
10.16.4 Financial Overview
10.16.5 SWOT Analysis
10.16.6 Key Developments
10.17 Science Application International Corporation
10.17.1 Key Facts
10.17.2 Business Description
10.17.3 Products and Services
10.17.4 Financial Overview
10.17.5 SWOT Analysis
10.17.6 Key Developments
10.18 Securitas Electronic Security, Incorporated
10.18.1 Key Facts
10.18.2 Business Description
10.18.3 Products and Services
10.18.4 Financial Overview
10.18.5 SWOT Analysis
10.18.6 Key Developments
10.19 Security Hunter
10.19.1 Key Facts
10.19.2 Business Description
10.19.3 Products and Services
10.19.4 Financial Overview
10.19.5 SWOT Analysis
10.19.6 Key Developments
10.20 Serco Inc.
10.20.1 Key Facts
10.20.2 Business Description
10.20.3 Products and Services
10.20.4 Financial Overview
10.20.5 SWOT Analysis
10.20.6 Key Developments
10.21 Split Pine Technologies, Inc
10.21.1 Key Facts
10.21.2 Business Description
10.21.3 Products and Services
10.21.4 Financial Overview
10.21.5 SWOT Analysis
10.21.6 Key Developments
10.22 Stanley Convergent Security Solutions, Inc
10.22.1 Key Facts
10.22.2 Business Description
10.22.3 Products and Services
10.22.4 Financial Overview
10.22.5 SWOT Analysis
10.22.6 Key Developments
10.23 Siemens AG
10.23.1 Key Facts
10.23.2 Business Description
10.23.3 Products and Services
10.23.4 Financial Overview
10.23.5 SWOT Analysis
10.23.6 Key Developments
10.24 Xator Corporation
10.24.1 Key Facts
10.24.2 Business Description
10.24.3 Products and Services
10.24.4 Financial Overview
10.24.5 SWOT Analysis
10.24.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. US Electronic Security Systems Market Revenue and Forecasts to 2027 (US$ Bn)
Table 2. Glossary Of Terms, US Electronic Security Systems Market
LIST OF FIGURES
Figure 1. US Electronic Security Systems Market Segmentation
Figure 2. US Electronic Security Systems Market Overview
Figure 3. US Electronic Security Systems Market, By Product Type
Figure 4. US Electronic Security Systems Market, By Components
Figure 5. US Market – PEST Analysis
Figure 6. US Market – Porter’s Five Forces Analysis
Figure 7. Ecosystem Analysis –US Electronic Security Systems Market
Figure 8. Impact Analysis: Drivers and Restraints Pertaining to US Electronic Security System Market
Figure 9. US Electronic Security Systems Market Forecast and Analysis Revenue (US$ Bn)
Figure 10. US Electronic Security Systems Market Competitive Analysis
Figure 11. US Electronic Security System Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 12. Surveillance Security System Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 13. Camera Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 14. Video Management Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 15. IP Video Recording Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 16. Alarming System Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 17. Monitoring Systems Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 18. Intrusion Detection Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 19. Perimeter Alarm Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 20. Access Control Systems Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 21. Card Reader Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 22. Biometrics Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 23. Electronic Locks Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 24. US Electronic Security System Market Breakdown, by Component, 2018 and 2027 (%)
Figure 25. Camera Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 26. Monitor Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 27. Storage Device Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 28. Software Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 29. PSIM Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 30. Identity Management Market, Revenue and Forecast to 2027 (US$ Bn)
The List of Companies - US Electronic Security Systems Market
- ADT
- BAE Systems
- Evergreen Fire and Security
- Honeywell International Inc.
- Surveillance Secure Inc.
- Integrated Security Technologies
- Johnson Controls
- KBR Inc.
- Leidos
- Lockheed Martin Corporation
- LVW Electronics
- MC Dean Inc.
- Mantech International Corporation
- Northrop Grumman Corporation
- Orion Security Systems
- Parsons Corporation
- Securitas Electronic Security, Incorporated.
- Science Application International Corporation
- Security Hunter
- Serco Inc.
- Siemens
- Split Pine Technologies, Inc.
- Stanley Convergent Security Solutions
- Xator Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US electronic security systems market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the US electronic security systems market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.