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.
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 report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Philippines Electronic Security Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Philippines Electronic Security Manufacturing Base Distribution, Sales Area, Product Type
6.2 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 Sales
7.2 System Integrator Led
8. Philippines Electronic Security Market, By Sector, 2019-2032 (USD Million)
8.1 Organized Sector
8.2 Unorganized Sector
9. Philippines Electronic Security Market, By Product, 2019-2032 (USD Million)
9.1 Access Control Systems
9.1.1 Biometric
9.1.2 Card-Based
9.1.3 Hybrid (Integration of Two or Three Access Control Systems)
9.1.4 Key Pad
9.2 CCTV Camera
9.2.1 360 Degree Camera
9.2.2 Analog Camera
9.2.3 Fixed CCTV Camera
9.2.4 IP Camera
9.2.5 Non-Wireless Camera
9.2.6 PTZ CCTV Camera
9.2.7 Wireless Camera
9.3 Fire Alarm Systems
9.3.1 Addressable
9.3.2 Conventional
9.4 Intrusion Detection Systems
9.4.1 Infrared Beam Sensors
9.4.2 Motion Sensors
9.4.3 Seismic Detectors
9.5 Specialty Devices
9.5.1 Barriers
9.5.2 Metal Detectors
9.5.3 Scanners
10. Philippines Electronic Security Market, By End User, 2019-2032 (USD Million)
10.1 Non-Residential Sector
10.2 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 Luzon
11.4 Mindanao
11.5 Visayas
12. Company Profiles
12.1 Alcon Philippines Technologies and Solutions
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Axis
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Bosch
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 DTSI
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Eduards
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Esscor
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 EVI Distribution Inc.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Guard All
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 HID
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Hikvision
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Hochiki
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Honeywell
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 ICT
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Infinite Systems Technology Corporation
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 MEC Network Corporation
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
12.16 Mustard Seed Systems Corporation
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
12.17 Net Pacific Inc.
12.17.1 Company details
12.17.2 Financial outlook
12.17.3 Product summary
12.17.4 Recent developments
12.18 Nohmibosai
12.18.1 Company details
12.18.2 Financial outlook
12.18.3 Product summary
12.18.4 Recent developments
12.19 Panasonic
12.19.1 Company details
12.19.2 Financial outlook
12.19.3 Product summary
12.19.4 Recent developments
12.20 Right Security Solutions
12.20.1 Company details
12.20.2 Financial outlook
12.20.3 Product summary
12.20.4 Recent developments
12.21 Simplex
12.21.1 Company details
12.21.2 Financial outlook
12.21.3 Product summary
12.21.4 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.
