Electronic Security Products US Market Forecasts by Product and Market

System Upgrades and New Construction Activity Drive Security Spending

Electronic Security Products

Gains will result from demand for upgraded security systems as new technologies come on line. Additionally, sales will be aided by growing construction activity in both the residential and nonresidential markets, as many security systems are installed during or shortly after initial construction.

Key Findings in the Electronic Security Product Study:

Security System Installations Balance Perceived Risk of Crime, Convenience, & Cost

The decision to purchase an electronic security system depends on a number of factors, key among them being the end user’s perceived risk of crime, as well as the convenience and cost of the system. This balance varies significantly between end users. For example, nonresidential users with high security risks (e.g., trade and distribution facilities that house goods and/or cash onsite or air transport facilities) are much more likely to invest in comprehensive electronic security systems, such as integrated video and alarm systems, electronic article surveillance, and contraband detection.

Most homeowners and low risk nonresidential users, on the other hand, typically invest in basic systems, such as intrusion alarms or a single camera. Nonetheless, products that offer greater affordability and ease of use have worked to bring new end users into the market. For example, there has been rising interest in self-installed, self-monitored alarms and video cameras among consumers who typically would not purchase a full-service system.

Interoperability, Flexibility, & Other Technological Advances Continue to Drive Gains

Technological advances continue to play a significant role in driving demand for electronic security products. For example, shifts in technology have driven system updates in a number of segments within the industry, including:

• the shift from legacy analog to digital, Internet Protocol (IP) video surveillance systems

• the shift away from basic card-based access control technologies such as magnetic stripe and proximity types to more secure technologies such as smart cards and biometrics

Furthermore, sales of upgrade products will benefit from the introduction of products that offer a variety of improved characteristics, such as:

• ease of operation
• durability
• cyber-hardened components
• greater flexibility and interoperability with other systems

Interoperability, in particular, continues to be a key consideration. End users are willing to adopt systems that are capable of working not only with other types of security systems, but also with others such as building operations. Such systems may also allow end users to leverage the data gathered to improve business operations or increase profits, supporting spending on these traditionally non-revenue generating systems.

Study Coverage

This Freedonia industry study presents historical demand data (2006, 2011, and 2016) and forecasts (2021) by product (alarms, video surveillance equipment, access controls, contraband detection systems, electronic article surveillance systems), and market (nonresidential, consumer). The study also evaluates company market share and provides analysis on industry competitors including Canon, dorma+kaba, Hangzhou Hikvision, Honeywell International, Johnson Controls, Robert Bosch, Smiths Group, and United Technologies.

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  1. Electronic Security Products US Market Forecasts by Product and Market

    $4,900.00

    1. 1 EXECUTIVE SUMMARY

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      1. figure 1-1 | US Electronic Security Product Market

    2. 2 OVERVIEW

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      1. 2.1 Key Findings

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        1. figure 2-1 | Key Trends Impacting the Electronic Security Product Market

      2. 2.2 Technological Environment

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      3. 2.3 Regulatory Environment

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        1. 2.3.1 Types of Regulations

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        2. 2.3.2 Alarm Regulations

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        3. 2.3.3 Government Mandates

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        4. 2.3.4 Personal Privacy

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      4. 2.4 Pricing Dynamics

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      5. 2.5 Foreign Trade

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        1. Table | Electronic Security Product Foreign Trade, 2006 - 2021

    3. 3 PRODUCTS

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      1. 3.1 Key Findings

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        1. figure 3-1 | Key Electronic Security Trends by Product

      2. 3.2 Demand by Product

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        1. Table | Electronic Security Product Demand by Product, 2006 – 2021

      3. 3.3 Alarms

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        1. figure 3-2 | Key Security Alarm Trends

      4. 3.4 Video Surveillance

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        1. figure 3-3 | Key Video Surveillance Equipment Trends

      5. 3.5 Access Controls

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        1. figure 3-4 | Key Access Control System Trends

      6. 3.6 Contraband Detection Systems

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        1. figure 3-5 | Key Contraband Detection Equipment Trends

      7. 3.7 Electronic Article Surveillance Systems

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        1. figure 3-6 | Key Electronic Article Surveillance Trends

      8. 3.8 Other Electronic Security Products

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        1. 3.8.1 Other Electronic Security Products: Scope

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        2. 3.8.2 Other Electronic Security Products: Demand Forecast

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          1. figure 3-7 | Key Other Electronic Security Product Trends

    4. 4 MARKETS

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      1. 4.1 Key Findings

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        1. figure 4-1 | Key Electronic Security Product Trends by Market

      2. 4.2 Demand by Market

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        1. Table | Electronic Security Product Demand by Market, 2006 – 2021

      3. 4.3 Nonresidential

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        1. 4.3.1 Nonresidential: Demand by Product

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          1. Table | Nonresidential Electronic Security Product Market by Product, 2006 – 2021

        2. 4.3.2 Nonresidential: Demand by Segment

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          1. Table | Nonresidential Electronic Security Product Market by Segment, 2006 – 2021

          2. figure 4-2 | Trade & Distribution Market: Electronic Security Product Demand by Product, 2016

          3. figure 4-3 | Government Market: Electronic Security Product Demand by Product, 2016

          4. figure 4-4 | Financial Institutions Market: Electronic Security Product Demand by Product, 2016

          5. figure 4-5 | Industrial Market: Electronic Security Product Demand by Product, 2016

          6. figure 4-6 | Air Transport Market: Electronic Security Product Demand by Product, 2016

          7. figure 4-7 | Offices Market: Electronic Security Product Demand by Product, 2016

          8. figure 4-8 | Services Market: Electronic Security Product Demand by Product, 2016

          9. figure 4-9 | Educational Market: Electronic Security Product Demand by Product, 2016

          10. figure 4-10 | Healthcare Market: Electronic Security Product Demand by Product, 2016

          11. figure 4-11 | Lodging Market: Electronic Security Product Demand by Product, 2016

          12. figure 4-12 | Other Nonresidential Market: Electronic Security Product Demand by Product, 2016

      4. 4.4 Consumer

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        1. 4.4.1 Consumer: Demand by Product

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          1. Table | Consumer Electronic Security Product Market by Product, 2006 – 2021

        2. 4.4.2 Consumer: Trends in Reported Versus Perceived Crime Risk

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          1. Table | Age of Consumers Who Agree: "I worry about violence and crime," 2017

          2. Table | Types of Consumers Who Agree: "I worry about violence and crime," 2017

    5. 5 INDUSTRY STRUCTURE

      $4,480.00

      1. 5.1 Key Findings & Industry Composition

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        1. Table | Electronic Security Product Sales by Company, 2016

      2. 5.2 Market Share

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        1. figure 5-1 | US Electronic Security Product Market Share, 2016

        2. figure 5-2 | Electronic Security Product Market Leader: Leading Supplier

        3. figure 5-3 | Electronic Security Product Market Leader: Second Leading Supplier

        4. figure 5-4 | Electronic Security Product Market Leader: Third Leading Supplier

      3. 5.3 Research & Product Development

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      4. 5.4 Manufacturing

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      5. 5.5 Marketing & Distribution

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      6. 5.6 Mergers & Acquisitions

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        1. Table | Selected Acquisitions & Divestitures

      7. 5.7 Cooperative Agreements

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        1. Table | Selected Cooperative Agreements

      8. 5.8 List of Participating Companies

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    6. 6 APPENDIX

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      1. 6.1 Scope

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        1. Table | Study Scope: Electronic Security Products

        2. Table | Relevant NAICS

      2. 6.2 Methodology

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      3. 6.3 Sources

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      4. 6.4 Associations & Agencies

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      5. 6.5 Related Freedonia Group Studies

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      6. 6.6 Definitions

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      7. 6.7 Abbreviations

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        1. Table | Abbreviations & Acronyms Used in Study

      8. 6.8 Macroeconomic Assumptions

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        1. 6.8.1 Economic Environment

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          1. Table | Macroeconomic Indicators, 2006 – 2021

          2. figure 6-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average

        2. 6.8.2 Demographic Trends

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          1. Table | Population & Households, 2006 – 2021

          2. figure 6-2 | Annual Population Growth, 2001 – 2016

      9. 6.9 Building Construction Outlook

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        1. Table | Building Construction Expenditures, 2006 – 2021

        2. 6.9.1 Residential Building Construction

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          1. Table | Residential Building Construction, 2006 – 2021

        3. 6.9.2 Nonresidential Building Construction

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          1. Table | Nonresidential Building Construction Expenditures, 2006 – 2021

      10. 6.10 Building Stock Trends

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        1. 6.10.1 Residential Building Stock

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          1. Table | Housing Stock by Type, 2006 – 2021

          2. figure 6-3 | Housing Stock by Year of Construction, 2016

        2. 6.10.2 Nonresidential Building Stock

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          1. Table | Nonresidential Building Stock by Type, 2006 – 2021

      11. 6.11 Business Establishment Trends

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        1. Table | Business Establishments, 2006 – 2021

      12. 6.12 Consumer Spending Environment

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        1. Table | Personal Consumption Expenditures, 2006 – 2021

      13. 6.13 Public Safety Environment

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        1. 6.13.1 Overview

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        2. 6.13.2 Crime

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          1. figure 6-4 | US Crime Rates, 2006 – 2015

          2. Table | Violent Crime Levels, 2006 – 2015

          3. Table | Property Crime Levels, 2006 – 2015

          4. Table | Incidences of Terrorism in the US, 2006 - 2015

          5. Table | Selected Other Nonconventional Crimes, 2006 – 2015

        3. 6.13.3 Fire

          $703.00

          1. Table | Fire Levels & Losses, 2006 - 2015

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