Philippines Electronic Security Market Research Report: Ken Research

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How Philippines Electronic Security Market Is Positioned?

The electronic security market in the Philippines has grown tremendously over the last few years, on the grounds of an increasing number of criminal and terrorist activities that have stimulated the need for surveillance at public places, commercial buildings, banks, and financial institutions. The electronic security market in the Philippines has grown at a promising CAGR during the period 2014-2019.

Video surveillance systems have been the largest products category which has commanded the largest share of ~% in the total revenue generated by the Philippine’s electronic security market during 2019. Fire alarm systems have occupied the second-largest share in the Philippines electronics security market and thus have registered a contribution of ~% during 2019.

The rising security concerns of governments and individuals are the major drivers of the Philippines booming electronic security market. The demand for security has triggered governments, banks, and financial institutions, showroom owners, corporate and residential building owners to install advanced and sophisticated security systems. The rise of the urban population in the Philippines and the rise of the middle class have been considered as a major factor behind the rapid growth of Philippine’s electronic security market, during the span of the last five years. Security concerns have escalated due to terrorist activities and have forced governments and citizens to invest in electronic security. This has radically enhanced the growth of the electronic security market in the Philippines.

Philippines Electronic Security Market Segmentation

By Channel of Sales (Direct Sales and System Integrator Led): The electronic security market in the Philippines is segmented into Direct sales and System Integrator Led with System Integrator holding a majority share in the market in 2019. System integrators provide electronic security systems as per the clients’ requirements. They also save the end-user client personnel cost and also take accountability for time and resources.

By Organized and Unorganized Sector: The electronic security product market in the Philippines can be broadly categorized into organized and unorganized sectors. The organized sector has dominated Philippine’s electronic security market. Despite being price sensitive, consumers have become conscious of the product quality they are purchasing. The consumers have attempted to focus on the technological aspect and their requirements well. This has been one of the prime reasons behind the enlarging the share of the organized sector and declining share of the unorganized sector.

By Residential and Non Residential Sector: The non-residential sector has been a major contributor to the overall revenues in the Philippines’ electronic security market during the span of the last five years 2013-2019. The market has been largely supported by government-issued norms to install electronic security and surveillance equipment in buildings and offices of under commercial and industrial areas as well as banks and other financial institutions.

Philippines CCTV Market Size, Segmentation and Market Share

CCTV’s have been the major contributor to the growth trajectory of the industry over the past five years. The demand for these systems is majorly driven by the government, banking, commercial, and transportation sector which require a high level of security systems. The market for Philippines CCTV has increased at a CAGR of ~% during the period 2014-2019, with revenues reported at PHP ~ million during 2019.

By Type of CCTV Camera: Fixed CCTV has dominated the market for CCTV in the Philippines followed with Pan and Virtual PTZ camera in 2019. Fixed CCTV cameras are Reliable in image framing during recording. They are comparatively cheaper than PTZ cameras and require less maintenance as they have fewer moving parts.

By Type of Camera (IP and Analog Camera), 2019: IP Cameras have the ability to contain three or more cameras in one which can cover a wide area that may take multiple cameras to cover.

Wireless based IP Cameras have a very low share in the IP Camera market since they are more expensive in price and also, they require better internet connectivity which is not accessible in The Philippines. Therefore, a larger share of IP cameras is being captured by the Nonwireless based IP Cameras.

Market Share

CCTV products market is highly concentrated with the presence of Hikvision been dominating the market.

Philippines Fire Alarm Market Size, Segmentation and Market Share

Philippines fire alarm market is well established and with the arrival of new and innovative technologies, the market has achieved an increase in the electronic security market in the Philippines. The market amplified as the Government rules and regulations mandated the installation of fire alarm systems in buildings and offices. The market for the Philippines Fire Alarm has increased at a CAGR of ~% during the period 2014-2019, with revenues reported at PHP ~ million during 2019.

By Type of Fire Alarm (Conventional, and Addressable): Conventional Fire Alarm is suitable for smaller business premises where the sophisticated fire alarm system is not needed. These fire alarm systems are ideal for small buildings such as individual offices or retail shops.

By Type of Detection (Heat Detectors and Smoke Detectors): Heat detectors provide a more reliable fire detection device in dusty or dirty environments in which false alarms can be triggered on smoke detectors.

Market Share

The fire alarm system is fragmented among a large pool of international companies, innovating products to penetrate the market for electronic security products.

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 CCTV Camera Market
Philippines Access Control Market
Philippines Intrusion Detection Market
Philippines Fire Alarm Market
Philippines Specialty Devices Market Share
Philippines Electronic Security Market Competition
System Integrators Market Philippines
Growth Drivers Electronic Security Market
Margins Electronic Security Market Philippines
Philippines Fixed CCTV Camera Market
Philippines PTZ Camera Market
Philippines 360 degree camera Market
Philippines Dome Camera Market

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

Philippines Electronic Security Market Research Report

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Ken Research
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Ankur@kenresearch.com
+91-9015378249

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