Turkey electronic security market was estimated at USD ~ million in 2011 which increased to USD ~ million in 2016 registering 5 year CAGR of ~%. Turkey is at the border of Europe, Africa and Asia and was a victim of terrorist attacks. Government increased investments in increasing surveillance expenditure on electronic security. Fire warning systems and intercom systems were Growth was mainly driven by IP-based video surveillance systems. Several large distributors began to dominate the local market. As opposed to the earlier distributors who use European manufacturers, these companies imported and distributed products mainly from Asian manufacturers making it more accessible and affordable to Turkish people., CCTV Market in Turkey, Sale CCTV cameras Turkey, Tyco Intrusion alarm sale Turkey, Bosch Sale CCTV camera Turkey, Competition Hikivision Honeywell major companies,
Turkey Electronic Security Market Segmentation
CCTV video surveillance had market share of ~% in Turkey electronic surveillance market. Government bodies and public sector units were the major consumer of CCTV electronic surveillance. Majority of the modern installation opting for all new electronic security choose IP based CCTV cameras. Fire alarm system was the second largest segment generating revenue of USD ~ million. In 2016, Panasonic Fire Sensing Systems was introduced in Turkish market. Intrusion alert system provide security for homes and businesses ranging from burglar alarms to a range of security systems, including alarm control panels, keypads, sensors and central station receiving equipment used in security monitoring centers. Bosch Security Systems, Optex, Castlebank Security Solutions were some global intrusion alarm manufacturers selling their product in Turkey market. Access control devices generated revenue of USD ~ million accounting for ~% market share. Pin based locks are gaining momentum in domestic households. Integrated system with multiple access control was also very popular and was generally used as combination of card and pin based access control tools.
Trends And Developments
Social media seems likely to increase given the age of many social media users for whom the use of smartphones and online information is now second nature. Manufacturers are using content marketing methods by providing useful information on the company’s websites and marketing the content via social media. Price competition among vendors and manufacturers has made them realize that merely selling devices is not enough to survive in the industry. Players have started moving towards systems and solutions, expanding their market, developing their own brands, or strengthening relations with their partners. Turkey has the largest refugee population from Syria and Iraq.
Market for electronic security devices is expected to register positive growth. It will be mainly driven by demand for new and modern electronic security devices for replacement. Improved technologies such as 4K technology bring industry leading clarity and sensitivity to critical video monitoring and surveillance systems. Explosion-proof cameras are an important solution in areas which are on high risk. Turkey is expected to implement (electronic traffic inspection system) TEDES in many of its cities. This will lead to additional demand for electronic security devices as well as R&D in the sector. An estimated market size on the basis of revenue will be USD ~ million in 2021. It is expected that CCTV will continue its dominance in the electronic security market in Turkey.
Topics Covered in The Report
- CCTV Market in Turkey
- Sale CCTV cameras Turkey
- Demand Analog digital CCTV camera Turkey
- Fire Alarm Industry Turkey
- Revenue Fire Alarm Market Turkey
- Growth Access Control industry Turkey
- Intrusion Alarm Future Projection Turkey
- Bosch Sale CCTV camera Turkey
- Competition Hikivision Honeywell major companies
- Market share companies Electronic Security Market Turkey
- Tyco Intrusion alarm sale Turkey
- Leading company in Electronic Security Turkey
Ankur Gupta, Head Marketing & Communications