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Perimeter security refers to an integrated system that allows for a facility's physical security. It helps to safeguards against unauthorized physical intrusions. Outdoor perimeter security involves technologies such as video surveillance systems, access control systems, communication and notification systems, and detection systems for intrusion. The latest advancements in technology have led to the introduction of infrared, microwave, radar, and seismic sensors. This added to the robustness of those systems. The market for outdoor perimeter security has been characterized by the presence of global as well as local manufacturers that cater to the needs of customers around the world. These technologies and systems are entirely dedicated to the protection of corporate and intellectual assets within the perimeter.
COVID – 19 Scenario Analysis:
Due to increased thefts around the world, the outdoor perimeter security market is rapidly expanding. Another key factor boosting the outside perimeter security market is the increase in demand for outdoor safety systems among residential individuals. The risk of terrorism, increased criminal activity, illegal immigration, and protests against the government are key factors that influence the security market. Many governments around the world have implemented laws to make their facilities safer. They also offer subsidies for new technology adoption. On the other hand, the growing need for end-to-end support and maintenance solutions-customers play a vital role in maximizing existing infrastructure profits. Besides, increasing demands for consulting and system integration are providing market players with more opportunities. However, lack of knowledge of the perimeter security benefits has hindered to a greater extent market growth. Conversely, during the forecast period, the economic slowdown and high costs are estimated to hamper the market.
The Global Perimeter Security market trends are as follows:
Polaris Sensor Technologies, sponsored by the Army Research Laboratory and Picatinny Arsenal, has introduced the Pyxis camera, an imaging polarimeter incorporating infrared (IR) and polarization technology to build a new thermal imaging device in 2020. While the U.S. military is deploying the new sensor to enhance its ability to detect camouflaged targets, the Pyxis' early development focused on oil spill detection. Also, FLIR Systems Inc 's experts in electro-optical sensors will upgrade and repair sensors that provide beyond-the-fence surveillance of U.S. Marine Corps facilities under a $16.1 million contract announced in 2020. G-BOSS is a trailer-mounted tower that provides persistent surveillance in the Marine Corps with a stable, elevated platform for sensors and communications. Besides, under the Kifaru Rising Project, a partnership between FLIR Systems and the World Wildlife Fund (WWF), FLIR systems will deploy thermal imaging technology in 10 locations in Kenya to fight illegal rhino poaching by 2021. It has pledged $3 million in thermal imaging, engineering assistance, and training technology.
Another important factor boosting the perimeter security market is the need to reduce the workforce. Automated operations also reduce the number of manual checkpoints. Shortly, demand will be enlarged in the end-use industries such as oil, petrochemical, electricity plants, and other hazardous industries. Computer programming, AI, remote control, and semiconductors and electronics are some fields of science and technology which are commonly used in security solutions offering real-time protection. The high degree of manufacturing and operational complexities involved in the market for inspection drones reinforces technological collaborations between market players. As such, extensive R&D is likely to become an unavoidable business strategy for stakeholders to maintain their lead in the market. Furthermore, growing automation in various manufacturing industries require constant monitoring, which can be achieved via these security solutions, thereby giving an impetus to market growth.
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Questions answered in the Perimeter Security Market research report:
Key Market Segments
Key Market Players