The global Security Radar Device market gathered revenue around USD 934.0 Million by the end of 2027 and is estimated to expand at a modest CAGR of 5% during the prediction period 2021 to 2027.
The global security radar device market is broadly affected by several factors, including an increase in the demand for advanced security solutions in industrial use cases. Thus, the expansion of applications of the security radar device in the industrial sector is propelling the global security radar device market.
Security radar devices are the multifunctional devices that have applications such as border control and critical infrastructure protection. These devices are compact, lightweight, and can be flexibly mounted. Consequently, they are increasingly being used in monitoring applications across industrial infrastructures such as manufacturing facilities and warehouses. Increasing security concerns across the globe is prompting industrial players to emphasize on the enhancement of their perimeter security systems. This factor is augmenting the opportunities for security radar device manufacturers.
Moreover, the integration of conventional video surveillance systems with security radar to enhance accuracy and reduce false alarm rate, which has increased in the past couple of years, thereby driving the security radar device market.
NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.
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|Market Size||USD 934.0 Million by 2027|
|Growth Rate||CAGR of 5% From 2021 to 2027|
|Forecast Period||2021 to 2027|
|Historic Data||2017 to 2020|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered||Application and Region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Axis Communications AB, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Kelvin Hughes limited, Dahua Technology Co., Ltd, Avigilon Corporation, and Sensurity Ltd.|
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Security Radar Device Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Security Radar Device market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The report includes thorough compilation of the quantitative analysis of the industry for the period of 7 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global Security Radar Device market.
Highlights of the Report:
In-depth analysis of various insights, namely, Security Radar Device Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Security Radar Device Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
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The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Security Radar Device market are included as given below:
Some of the prominent players in the Security Radar Device Market include: Axis Communications AB, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Kelvin Hughes limited, Dahua Technology Co., Ltd, Avigilon Corporation, and Sensurity Ltd.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Security Radar Device Market: Segmentation
Security Radar Device Market, by Application
The regional segmentation covers:
-North America Region (U.S., Canada, Mexico)
-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
-South America Region (Brazil, Argentina, Columbia, Rest of South America)
-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
COVID-19 Impact on Security Radar Device Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Security Radar Device market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Security Radar Device market 2021 onwards. This trend will however continue through the course of the report’s assessment period
Emerging Nations to Continue Attracting Investments :
The expansion of various industries across India, China, Brazil, and other emerging countries will help the Security Radar Device market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.
Expansion initiatives undertaken by various countries will aid the growth of the Security Radar Device market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the Security Radar Device market.
Key Points of the Global Security Radar Device Market Report:
The report provides a basic overview of the Security Radar Device industry including its definition, applications, and manufacturing technology.
The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to 2027 year along with the market shares for each company.
Through the statistical analysis, the study depicts the global market for Security Radar Device including capacity, production, production value, cost/profit, and supply/demand from an international perspective.
Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.
The report then estimates the market development and trends of the Security Radar Device industry up to 2027.
The report hints at crucial information associated with new market developments being undertaken in the Security Radar Device industry before evaluating its feasibility.
Reasons to Purchase this Report:
- Estimates Security Radar Device development trends with SWOT analysis
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
- Market dynamics scenario, along with growth opportunities for players in the years to come
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
TABLE OF TENTCON
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
184.108.40.206. List of Suppliers
220.127.116.11. List of Buyers
Chapter 7. Global Security Radar Device Market, By Application
7.1. Security Radar Device Market, by Application, 2021-2027
18.104.22.168. Market Revenue and Forecast (2016-2027)
22.214.171.124. Market Revenue and Forecast (2016-2027)
126.96.36.199. Market Revenue and Forecast (2016-2027)
188.8.131.52. Market Revenue and Forecast (2016-2027)
184.108.40.206. Market Revenue and Forecast (2016-2027)
220.127.116.11. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Security Radar Device Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Application (2016-2027)
8.1.3. Rest of North America
18.104.22.168. Market Revenue and Forecast, by Application (2016-2027)
8.2.1. Market Revenue and Forecast, by Application (2016-2027)
22.214.171.124. Market Revenue and Forecast, by Application (2016-2027)
126.96.36.199. Market Revenue and Forecast, by Application (2016-2027)
8.2.4. Rest of Europe
188.8.131.52. Market Revenue and Forecast, by Application (2016-2027)
8.3.1. Market Revenue and Forecast, by Application (2016-2027)
184.108.40.206. Market Revenue and Forecast, by Application (2016-2027)
220.127.116.11. Market Revenue and Forecast, by Application (2016-2027)
18.104.22.168. Market Revenue and Forecast, by Application (2016-2027)
8.3.5. Rest of APAC
22.214.171.124. Market Revenue and Forecast, by Application (2016-2027)
8.4.1. Market Revenue and Forecast, by Application (2016-2027)
126.96.36.199. Market Revenue and Forecast, by Application (2016-2027)
8.4.3. North Africa
188.8.131.52. Market Revenue and Forecast, by Application (2016-2027)
8.4.4. South Africa
184.108.40.206. Market Revenue and Forecast, by Application (2016-2027)
8.4.5. Rest of MEA
220.127.116.11. Market Revenue and Forecast, by Application (2016-2027)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Application (2016-2027)
18.104.22.168. Market Revenue and Forecast, by Application (2016-2027)
8.5.3. Rest of LATAM
22.214.171.124. Market Revenue and Forecast, by Application (2016-2027)
Chapter 9. Company Profiles
9.1. Axis Communications AB
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Hangzhou Hikvision Digital Technology Co. Ltd
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Honeywell International Inc.
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Kelvin Hughes limited
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. Dahua Technology Co., Ltd
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Avigilon Corporation, and Sensurity Ltd.
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
Final Report will add the analysis of the impact of COVID-19 on this industry.
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