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 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 the 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 PlayersPhilippines 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:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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