Philippines Electronic Security Market Driven by Emergence of Technology Integrated Electronic Security Systems and Rapid Infrastructure Projects: Ken Research

0


“Emergence of new technology integrated electronic security systems launched in the market by the local players and Shift towards Wireless Technology-Based Systems has supported Market Growth”.

Emergence of Technology Integrated Electronic Security Systems: There has been an emergence of new technology integrated electronic security systems launched in the market by the local players. For instance, a local safety and security device provider namely MiGuard recently launched an Internet of Things (IoT) based alarm system to cover the residential market. It also launched a wireless-based technology alarm for homes. The IoT based alarm system has offered a lot of Filipinos affordable security systems. MiGuard wirelessly connected and controlled up to 100 devices by the MiGuardWiFi and GSM Console due to the IoT based alarm system. Another latest technology in an alarm system is the IP based dual path transmission technology. This is a secure and managed type of technology that gives the benefit that the communication from one alarm panel to the central monitoring receiver is intact. The new technology-based alarm systems are mostly used in the business and corporate settings.

Rising Government Projects: In the year 2018, Projects such as “Safe Philippines” were declared by The Department of the Interior and Local Government (DILG) to install 12000 CCTV Cameras in Metro Manila and Davao cities to reduce crimes and increase response time. A contract of PHP 396.8 million was signed with China International Telecommunication Construction Corporation (CITCC) regarding the monitoring and installation of the CCTV cameras. The “Build Build Build” program was initiated by the President Rodrigo Duterte to increase the infrastructure spending from 5.4 percent of the country’s GDP in 2017 to 7.3 percent by the end of his term in 2022. The government will spend around PHP 8.4 trillion in an infrastructure plan which aims to facilitate the flow of capital, goods, and people nationwide in every region in the country.

Shift towards Wireless Tech-Based Alarm Systems: Filipinos have started shifting towards wireless technology-based alarm systems since they are easy to install and the components of a wireless security alarm system can be moved to different locations in the home. The wireless home security alarm system works through a transmitter. Each component has a transmitter that sends signals to the central control receiver of your alarm system. When a transmitter is activated, the central control receiver sounds an alarm. It seems simple enough but with the more costly wireless alarm systems, not only does an alarm sound off but it is also able to indicate which particular device was triggered.

Analyst at Ken Research in their latest publication Philippines Electronic Security Market Outlook to 2024-Emergence of Technology Integrated Electronic System and Growth in Infrastructure Projects”, believe that the companies can expand their sales target team and a particular department can primarily focus on capturing government projects. They should fill out suitable government tenders and carry out other necessary steps that are required to win a government tender. A number of such tenders are high-value projects which could prove to be highly beneficial not only in terms of revenue but also in terms of brand value. The market is anticipated to register a positive CAGR of 11.2% in terms of revenues during the forecasted period 2019P-2024.

Key Segments Covered:-

By Channel of Sales

System Integrator Led

Direct Sales

By Product and Installation & Accessories

Product

Installation & Accessories

By Type of End Users

Residential Sector

Non- Residential Sector

Product by Type of Sector

Organized Sector

Unorganized Sector

Product by Type of Product

CCTV Camera

Fire Alarm Systems

Access Control Systems

Intrusion Detection Systems

Specialty Devices

By Type of CCTV Camera

Fixed CCTV Camera

PTZ CCTV Camera

360 Degree Camera

By Type of CCTV Camera

IP Camera

Analog Camera

By Type of IP Camera

Wireless Camera

Non-Wireless Camera

By Type of Camera Housing

Dome

Bullet

Discreet

CCTV By Type of Region

Luzon

Visayas

Mindanao

CCTV Camera by End Users

Residential

Non-Residential

By Type of Fire Alarms

Conventional

Addressable

By Type of Detection

Heat Detectors

Smoke Detectors

Fire Alarm by Type of Region

Luzon

Visayas

Mindanao

Fire Alarm by Type of End-user:

Residential

Non- Residential

By Type of Access Control

Card-Based

Hybrid (Integration of Two or Three Access Control Systems)

Key Pad

Biometric

Access Control by Region

Luzon

Visayas

Mindanao

Access Control by Type of End Users

Residential Sector

Non-Residential Sector

By Type of Intrusion Detection Systems

Motion Sensors

Infrared Beam Sensors

Seismic Detectors

Intrusion Detection System by Type of Region

Luzon

Visayas

Mindanao

Intrusion Detection Systems by Type of End Users

Residential Sector

Non-Residential Sector

By Type of Specialty Devices

Barriers

Scanners

Metal Detectors

Specialty Devices by Type of End Users

Residential sector

Non-Residential Sector

Key Target Audience

Existing Electronic Security Manufacturers

System Integrators

New Market Entrants

Government

Electronic System Retailers and Online Suppliers

Time Period Captured in the Report:-

Historical Period: 2014-2019

Forecast Period: 2019-2024E

Key Companies Covered:-

OEM

Hikvision

Panasonic

Axis

Bosch

HID (Hong Kong)

UTC (U.S.) – Lenel, Interlogix

Tyco (US) – C-Cure

ICT (New Zealand)

Honeywell

Simplex

Eduards

Nohmibosai

Hochiki

System Integrators

MEC Network Corporation

Net Pacific Inc.

DTSI (as of March)

Esscor

Guard All

I3 Technologies

EVI Distribution Inc.

Alcon Philippines Technologies and Solutions

Infinite Systems Technology Corporation

Right security solutions

Mustard Seed Systems Corporation

Key Topics Covered in the Report:-

Philippines Fire Alarm Market Key Players

Philippines Access Control Market

Philippines Fire Alarm Market

Philippines Specialty Devices Market Share

System Integrators Market Philippines

Growth Drivers Electronic Security Market

Margins Electronic Security Market Philippines

Philippines Fixed CCTV Camera Market

Philippines Card Readers Access Control Systems Market

Philippines Biometrics Access Control Systems Market

Philippines Keypad Access Control Systems Market

Philippines Motion Sensor Intrusion Detection Systems

Philippines Infrared Beam Sensor Intrusion Detection Systems

For More Information On The Research Report, Refer To Below Link:-

Philippines Electronic Security Market Research Report

Related Reports by Ken Research:-

Middle East Electronic Security Market Outlook to 2022 – By Monitoring and Surveillance (CCTV, Access Control and Intruder Detection), Restricted Entry Systems (Traffic Barriers, Turnstiles, Detectors, Automated Gates, Traffic Bollards)

Middle East Cyber Security Market Outlook to 2022 – By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region

Turkey Electronic Security Market Outlook to 2021 – Rising Tourist Safety Concern from Looming Threat of Neighboring Countries Will Drive Market Growth

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Share.

Comments are closed.