SAN FRANCISCO, Sept. 8, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Electronic Security Systems (ESS) – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 16184
Companies: 227 – Players covered include ADT LLC; Allegion plc; ASSA ABLOY AB; Axis Communications AB; Bosch Security Systems; Brinks Home Security; Changzhou Minking Electronics Co. Ltd.; CP PLUS GmbH & Co. KG; Dahua Technology Co. Ltd.; Diebold Nixdorf, Inc.; DoorKing Inc.; dormakaba Holding AG; Fermax Electronica S.A.U.; Gemalto N.V.; Genetec Inc.; Global Security Solutions; Gunnebo AB; Hangzhou Hikvision Digital Technology Co. Ltd.; Hanwha Techwin Co. Ltd.; HID Global; Honeywell International, Inc.; IDEMIA; IDenticard Systems; Identiv Inc.; Johnson Controls plc; March Networks Corporation; MOBOTIX AG; NEC Corporation of America; Nortek Security and Control LLC; Panasonic Corp.; Pelco by Schneider Electric; SecuGen Corporation; STANLEY Security; Vanderbilt Industries; Vivint Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (CCTV & Video Surveillance Systems, Alarms, Electronic Access Control Systems, Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Electronic Security Systems (ESS) Market to Reach $66.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Electronic Security Systems (ESS) estimated at US$45.8 Billion in the year 2020, is projected to reach a revised size of US$66.9 Billion by 2026, growing at a CAGR of 6.3% over the analysis period. CCTV & Video Surveillance Systems, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$36.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alarms segment is readjusted to a revised 3.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.2 Billion in 2021, While China is Forecast to Reach $14.4 Billion by 2026
The Electronic Security Systems (ESS) market in the U.S. is estimated at US$13.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.4 Billion by the year 2026 trailing a CAGR of 10.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Electronic Access Control Systems Segment to Reach US$9.3 Billion by the year 2026
In the global Electronic Access Control Systems segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.5 Billion in the year 2020 will reach a projected size of US$7.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.