The report, now available on ASDReports, "Perimeter Intrusion Detection Systems Market by Solution (Sensors (Microwave, Radar), Services (System Integration & Consulting)), Deployment Type (Open Area, Fence Mounded, Buried), Vertical (Commercial, Industrial), and Region - Global Forecast to 2021", is estimated to grow from USD 4.12 Billion in 2016 to USD 5.82 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 7.1%. The major forces driving this market include the increasing risk of terrorism and infiltration, increasing government regulations on perimeter security, and significant reduction in manpower cost offered by these systems. The perimeter intrusion detection systems solutions (sensors and services) are used across diverse industrial verticals, such as critical infrastructure; military & defense; government; transportation; industrial; correctional facilities; commercial; and other verticals, such as educational and residential facilities.
Sensors subsegment of solution is estimated to hold the largest market size in the perimeter intrusion detection systems solution market in 2016
The sensors segment is expected to play a key role in changing the perimeter intrusion detection systems solution market landscape during the forecast period and it also expected to have the largest market size during the forecast period. Perimeter intrusion detection systems are equipped with various types of sensors, such as microwave sensors, radar sensors, fiber-optic sensors, infrared sensors, and others (geophone seismic sensors, e-field sensors, vibration sensors, acoustic sensors (air turbulence), and laser sensors). These sensors are integrated into the perimeter intrusion detection architecture and form a strong line of defense to tackle a variety of sophisticated threats.
Open area segment is expected to be the fastest-growing deployment type segment during the forecast period
The open area deployment type is expected to be the fastest-growing deployment type segment as this deployment type usually cover a larger area, offers volumetric protection, and has huge demand from transportation and commercial facilities.
The North American region is expected to contribute to the maximum market share to the overall perimeter intrusion detection systems market
The highest defense budget & expenditure and the increasing need for security against terrorist attacks are among the main factors responsible for the largest market size in North America. Latin America offers potential growth opportunities for the perimeter intrusion detection systems market to grow, as the countries in this region are investing heavily to deploy perimeter intrusion detection systems.
The major vendors in the perimeter intrusion detection systems market include Honeywell International Inc. (U.S.), FLIR Systems, Inc. (U.S.), Tyco International PLC (U.S.), Anixter International Inc. (U.S.), Axis Communications AB (Sweden), Schneider Electric (France), Senstar Corporation (Canada), Southwest Microwave (U.S.), RBtec Perimeter Security Systems (U.S.), and Advanced Perimeter Systems Limited (U.K.).
Source: ASDReports - Market Research
Date: Mar 30, 2017