Philippines Electronic Security Market Revenue, Demand, Competition, Analysis and Future Trends 2032
Philippines Electronic Security Market Size- By Channel of Sales, By Sector, By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: IACT2323 | Pages: 1 - 107 | Formats*: |
| Category : Information & Communications Technology | |||
Philippines Electronic Security Market Overview
According to SPER Market Research, the Philippines Electronic Security Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
Electronic equipment that offers security solutions including surveillance, access control, alarms, intrusion detection, and other security measures is referred to as electronic security. Electronic security solutions can help businesses and government organizations strengthen their security protocols. Electronic security enhances safety measures and safeguards individuals and assets. Market expansion is to blame for the rise in residential break-ins, robberies, and thefts of property. The demand for electronic security systems is rising along with organized crime. Entrepreneurs will therefore be forced to come up with solutions to address the country's requirement for safe settings as a result of the rising security needs.
The Philippines has the second-highest yearly GDP growth rate of the five ASEAN nations—Indonesia, Malaysia, Thailand, and Vietnam. The Philippines' electronic security business, which is still in a relatively early stage compared to other established Asian economies but has a lot of room to grow, will benefit from a comparable growth in the economy. The Philippines' electronic security market has expanded significantly over the past few years as a result of an uptick in criminal and terrorist activity, which has increased demand for surveillance in public areas, businesses, banks, and other financial institutions. The Philippines' electronic security industry expanded at a promising CAGR.
Since they are simple to install and the components of a wireless security alarm system may be moved to multiple locations at the home, wireless technology-based alarm systems are becoming more and more popular among Filipinos. A transmitter powers the wireless home security alarm system. Each component of your alarm system includes a transmitter that transmits signals to the alarm system's central control receiver. In the last ten years, infrastructure construction has increased. The demand for electronic security systems has risen as a result of an increase in the number of highways, colleges, hospitals, offices, retail malls, and other infrastructure.
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Impact of COVID-19 on the Philippines Electronic Security Market
The COVID-19 epidemic is beginning to fuel the development of electronic security while also highlighting the technologies that will be crucial to sustaining larger economic momentum in the near future. Due to the pandemic's increased digitization of business activities, demand for electronic security systems is increasing significantly.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Channel of Sales, By Sector, By Product, By End User |
| Regions covered | Luzon, Mindanao, Visayas |
| Companies Covered | Alcon Philippines Technologies and Solutions, Axis, Bosch, DTSI, Eduards, Esscor, EVI Distribution Inc., Guard All, HID, Hikvision, Hochiki, Honeywell, ICT, Infinite Systems Technology Corporation, MEC Network Corporation, Mustard Seed Systems Corporation, Net Pacific Inc., Nohmibosai, Panasonic, Right Security Solutions, Simplex |
Target Audience-
- Electronic System Retailers and Online Suppliers
- Existing Electronic Security Manufacturers
- Government
- New Market Entrants
- System Integrators
Philippines Electronic Security Market Segmentation:
1. By Channel of Sales:
- Direct Sales
- System Integrator Led
2. By Sector:
- Organized Sector
- Unorganized Sector
3. By Product:
- Access Control Systems
- CCTV Camera
- Fire Alarm Systems
- Intrusion Detection Systems
- Specialty Devices
4. By End User:
- Non-Residential Sector
- Residential Sector
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Philippines Electronic Security Market (FY’2019-FY’2032)
- Overview of Philippines Electronic Security Market
- Segmentation of Philippines Electronic Security By Channel of Sales (Direct Sales, System Integrator Led)
- Segmentation of Philippines Electronic Security Market By Sector (Organized Sector, Unorganized Sector)
- Segmentation of Philippines Electronic Security Market By Product (Access Control Systems, CCTV Camera, Fire Alarm Systems, Intrusion Detection Systems, Specialty Devices)
- Segmentation of Philippines Electronic Security Market By End User (Non-Residential Sector, Residential Sector)
- Statistical Snap of Philippines Electronic Security Market
- Growth Analysis of Philippines Electronic Security Market
- Problems and Challenges in Philippines Electronic Security Market
- Competitive Landscape in the Philippines Electronic Security Market
- Impact of COVID-19 and Demonetization on Philippines Electronic Security Market
- Details on Recent Investment in Philippines Electronic Security Market
- Competitive Analysis of Philippines Electronic Security Market
- Major Players in the Philippines Electronic Security Market
- SWOT Analysis of Philippines Electronic Security Market
- Philippines Electronic Security Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Philippines Electronic Security Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Philippines Electronic Security Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Electronic Security Market
7. Philippines Electronic Security Market, By Channel of Sales, 2019-2032 (USD Million)
7.1 Direct Sales7.2 System Integrator Led
8. Philippines Electronic Security Market, By Sector, 2019-2032 (USD Million)
8.1 Organized Sector8.2 Unorganized Sector
9. Philippines Electronic Security Market, By Product, 2019-2032 (USD Million)
9.1 Access Control Systems9.1.1 Biometric9.1.2 Card-Based9.1.3 Hybrid (Integration of Two or Three Access Control Systems)9.1.4 Key Pad9.2 CCTV Camera9.2.1 360 Degree Camera9.2.2 Analog Camera9.2.3 Fixed CCTV Camera9.2.4 IP Camera9.2.5 Non-Wireless Camera9.2.6 PTZ CCTV Camera9.2.7 Wireless Camera9.3 Fire Alarm Systems9.3.1 Addressable9.3.2 Conventional9.4 Intrusion Detection Systems9.4.1 Infrared Beam Sensors9.4.2 Motion Sensors9.4.3 Seismic Detectors9.5 Specialty Devices9.5.1 Barriers9.5.2 Metal Detectors9.5.3 Scanners
10. Philippines Electronic Security Market, By End User, 2019-2032 (USD Million)
10.1 Non-Residential Sector10.2 Residential Sector
11. Philippines Electronic Security Market, By Region, 2019-2032 (USD Million)
11.1 Philippines Electronic Security Size and Market Share by Region (2019-2025)11.2 Philippines Electronic Security Size and Market Share by Region (2026-2032)11.3 Luzon11.4 Mindanao11.5 Visayas
12. Company Profiles
12.1 Alcon Philippines Technologies and Solutions12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 Axis12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Bosch
12.3.1 Company details
12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 DTSI12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 Eduards12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 Esscor12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 EVI Distribution Inc.12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments12.8 Guard All12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 HID12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 Hikvision12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments12.11 Hochiki12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments12.12 Honeywell12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments12.13 ICT12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments12.14 Infinite Systems Technology Corporation12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments12.15 MEC Network Corporation12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments12.16 Mustard Seed Systems Corporation12.16.1 Company details12.16.2 Financial outlook12.16.3 Product summary12.16.4 Recent developments12.17 Net Pacific Inc.12.17.1 Company details12.17.2 Financial outlook12.17.3 Product summary12.17.4 Recent developments12.18 Nohmibosai12.18.1 Company details12.18.2 Financial outlook12.18.3 Product summary12.18.4 Recent developments12.19 Panasonic12.19.1 Company details12.19.2 Financial outlook12.19.3 Product summary12.19.4 Recent developments12.20 Right Security Solutions12.20.1 Company details12.20.2 Financial outlook12.20.3 Product summary12.20.4 Recent developments12.21 Simplex12.21.1 Company details12.21.2 Financial outlook12.21.3 Product summary12.21.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered Alcon Philippines Technologies and Solutions, Axis, Bosch, DTSI, Eduards, Esscor, EVI Distribution Inc., Guard All, HID, Hikvision, Hochiki, Honeywell, ICT, Infinite Systems Technology Corporation, MEC Network Corporation, Mustard Seed Systems Corporation, Net Pacific Inc., Nohmibosai, Panasonic, Right Security Solutions, Simplex.
Philippines Electronic Security Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.
Philippines Electronic Security Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.
Philippines Electronic Security Market CAGR of XX% during the forecast period.
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Philippines Electronic Security Market size is USD XX billion from 2022 to 2032.
Philippines Electronic Security Market Segment is Covered By Channel of Sales, By Sector, By Product, By End User.
The Asia-Pacific region is anticipated to have the highest market share in Philippines Electronic Security Market.
The Philippines has the second-highest yearly GDP growth rate of the five ASEAN nations—Indonesia, Malaysia, Thailand, and Vietnam.
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