공공안전 하드웨어 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2024-2029년)

The Public Safety Hardware Market is expected to register a CAGR of 9.12% during the forecast period.

The market for public safety hardware is driven by the increasing use of technologies such as AI and analytics in law enforcement, as well as growing investments in public safety-related projects.

Key Highlights

• Rapid urbanization spurs the demand for commercial, residential, and infrastructure projects, drawing a larger population to urban centers. This growth necessitates the construction of tall buildings, housing units, multiplexes, and transportation networks, all aimed at accommodating the rising populace and bolstering economic progress. Consequently, infrastructure development is a key driver, fueling the demand for surveillance cameras.
• The advent of 5G technology, with its reduced latency and high data speeds, is a pivotal growth driver. Its swift data transfer capabilities facilitate the seamless transmission of large video files from surveillance cameras to monitoring centers or cloud storage. Moreover, the increasing integration of AI in cameras, enabling real-time video analysis, is revolutionizing the market. AI-powered cameras offer advanced features like facial recognition, object detection, and behavioral analysis, significantly enhancing surveillance system efficiency.
• The growing advancements are set to boost market growth. For instance, in May 2024, Teledyne FLIR launched the Trafibot AI 4K visible camera system, designed specifically for intercity traffic intelligence. This closed-circuit camera harnesses advanced artificial intelligence, ensuring top-tier detection capabilities and reliable data collection on intercity routes from highways to tunnels. It maintains high image resolution and minimizes data loss, even in bandwidth-constrained scenarios. Paired with Teledyne's renowned 3D global tracker, FLIR, the Trafibot AI camera boasts enhanced incident detection. It can predict the speed and trajectory of vehicles as they enter their field of view, even when these objects are partially obscured by other vehicles or road elements.
• Organizations and government agencies in countries such as Saudi Arabia have become more aware of the potential risks and consequences of security threats. This increased awareness has led to a proactive approach to security, focusing on advanced monitoring systems as a key component of overall security strategies. For instance, in May 2023, Saudi Arabia's public security department announced the implementation of automated surveillance of seven traffic infractions. These violations include driving on sidewalks or pedestrian paths where driving is prohibited, failing to use the proper lighting when driving at night or in poor visibility conditions, and failing to keep trucks and other large vehicles in the right lane on multi-lane roads. Traffic laws are also automatically monitored, as are driving with covered or damaged license plates and avoiding the station that measures the weights and dimensions of vehicles. It exemplifies the importance of advanced monitoring systems, which are becoming increasingly integral to maintaining security and order in various sectors, including traffic management and law enforcement in Saudi Arabia.
• Further, rapid urbanization has led to the development of smart cities and large-scale infrastructure projects. These urban environments require sophisticated electronic security solutions to ensure the safety and security of residents, businesses, and visitors. As a result, advanced monitoring systems are crucial in creating secure and efficient urban spaces.
• The market growth is likely to be hampered by the substantial upfront expenses associated with installing surveillance cameras. Establishing a robust surveillance network demands a hefty outlay on top-tier cameras, storage units, networking gear, and ancillary tools. Beyond the hardware outlay, ancillary costs like labor, cabling, and system integration add to the initial financial burden. Such costs can be particularly challenging for budget-constrained organizations, complicating the ROI evaluation.

Public Safety Hardware Market Trends

Investments in Public Safety-related Projects Are Increasing

• Public safety stands as a cornerstone of effective governance. However, in recent years, numerous communities have significantly reduced their allocations to public safety. Consequently, this trend has translated into diminished police and fire personnel, longer emergency response times, and an overall decline in public safety standards. Prioritizing investments in public safety is about safeguarding communities, and it is also a prudent economic decision.
• Enhanced security concerns, driven by rising criminal activities, are fueling the demand for surveillance cameras. Enterprises, governments, and individuals are increasingly turning to these solutions to monitor their premises effectively and mitigate risks. Furthermore, as urbanization and global infrastructure development surge, the need for surveillance systems to safeguard critical facilities and ensure public safety is amplifying. In 2022/23, the United Kingdom allocated approximately GBP 43.9 billion to public order and safety. The largest portion of this budget, totaling GBP 25.3 billion, was directed toward the police service.
• Public investments in community safety manifest in various forms, including funding for law enforcement, bolstering public infrastructure, and supporting social programs. Each avenue holds promise in enhancing community safety. Law enforcement is a cornerstone in these investments, with its visible presence deterring crime and its actions dissuading potential wrongdoers. Meanwhile, investments in public infrastructure, like enhanced street lighting, deter crime and improve visibility, fostering a safer environment.
• Amid growing recognition of technology's vital role in public safety, federal and state governments in the United States are bolstering their funding efforts. Post-pandemic, there was a notable uptick in initiatives to modernize public safety communication and infrastructure. A clear testament to this commitment was the Biden administration's 2022 announcement of a substantial USD 10 billion allocation for public safety enhancements.

North America is Expected to Hold the Largest Market Share

• In recent years, North America has witnessed a steady increase in the adoption of surveillance cameras. This surge can be attributed to rising security concerns, a spike in urban crimes, and a heightened need for enhanced surveillance and safety measures. Entities ranging from enterprises to governments and even individuals are recognizing the pivotal role surveillance cameras play in thwarting criminal activities and aiding in investigations and evidence gathering.
• As the United States faces the pressing issue of aging public safety infrastructure, the efforts of several cities to revamp and modernize their facilities mark the initial steps in a broader national mandate. Almost half of the nation's fire stations and public safety structures have exceeded their planned life spans. This, coupled with a projected expenditure of USD 70 billion for upgrades, underscores the urgent need for bolstered public safety measures.
• In April 2024, Congressman Salud Carbajal, alongside Grover Beach officials, unveiled a significant USD 543,000 federal grant. This grant, a result of Carbajal's efforts during the 2024 federal budget deliberations, was included in the bill signed into law by President Biden. The allocation empowers the Grover Beach Police Department with crucial equipment upgrades. These upgrades encompass advanced in-car video recorders, public safety cameras, license plate readers, and versatile multi-band radios. Such enhancements are poised to elevate public safety standards throughout the Grover Beach community.
• The FirstNet Authority, in collaboration with AT&T, unveiled a significant commitment to bolster public safety communications in the US. Through its partnership with AT&T, the FirstNet Authority is set to channel USD 6.3 billion over the next decade. Additionally, there is a potential for an extra USD 2 billion, subject to ongoing discussions, aimed at further enhancing public safety coverage. These investments are strategically designed to not only expand FirstNet but also ensure that public safety remains the focal point of advanced, life-saving technologies.

Public Safety Hardware Industry Overview

The market is semi-consolidated, with the presence of significant players. The players are expected to opt for launches, acquisitions, and collaborations to bolster market growth during the forecast period.

• May 2024: Teledyne FLIR launched the Trafibot AI 4K visible camera system, designed specifically for intercity traffic intelligence. This closed-circuit camera harnesses advanced artificial intelligence, ensuring top-tier detection capabilities and reliable data collection on intercity routes from highways to tunnels. It maintains high image resolution and minimizes data loss, even in bandwidth-constrained scenarios. Paired with Teledyne's renowned 3D global tracker, FLIR, the Trafibot AI camera boasts enhanced incident detection. It can predict the speed and trajectory of vehicles as they enter their field of view, even when these objects are partially obscured by other vehicles or road elements.
• December 2023: Motorola Solutions unveiled its latest innovation, the V500 body camera. This advanced device harnesses LTE cellular technology, equipping security personnel with real-time updates and vital intelligence in emergency scenarios. The V500 empowers first responders by enabling them to stream live video and location data directly to control centers. This capability not only provides incident managers with a detailed view of on-ground situations but also streamlines the formulation of response strategies.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definitions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

• 4.1 Market Overview
• 4.2 Ecosystem Analysis
• 4.3 Porters Five Force Analysis
  • 4.3.1 Bargaining Power of Buyers/Consumers
  • 4.3.2 Bargaining Power of Suppliers
  • 4.3.3 Threat of New Entrants
  • 4.3.4 Threat of Substitute Products
  • 4.3.5 Intensity of Competitive Rivalry
• 4.4 Analysis of macro-economic scenarios

5 MARKET DYNAMICS

• 5.1 Market Drivers
  • 5.1.1 Increasing use of technologies such as AI, Analytics in law enforcement
  • 5.1.2 Growing investments on public safety related projects
• 5.2 Market Restraints
  • 5.2.1 High installation and maintenance cost associated with public safety hardware products
• 5.3 Case Study Analysis
• 5.4 Pricing Analysis
• 5.5 Impact of regulations

6 MARKET SEGMENTATION

• 6.1 By Type
  • 6.1.1 Security and Dashboard Cameras
  • 6.1.2 Rugged Tablets and wearable devices
  • 6.1.3 Infrastructure Safety devices
  • 6.1.4 Others
• 6.2 By Application
  • 6.2.1 Law Enforcement
  • 6.2.2 Emergency Services
  • 6.2.3 Military
  • 6.2.4 Infrastructure Security
  • 6.2.5 Disaster Management
  • 6.2.6 Others
• 6.3 By Geography
  • 6.3.1 North America
  • 6.3.2 Europe
  • 6.3.3 Asia
  • 6.3.4 Latin America
  • 6.3.5 Middle East and Africa

7 COMPETITIVE LANDSCAPE

• 7.1 Company Profiles
  • 7.1.1 Icom America
  • 7.1.2 Teledyne FLIR LLC
  • 7.1.3 IP Access
  • 7.1.4 L3Harris
  • 7.1.5 Motorola Solutions
  • 7.1.6 Honeywell International Inc.
  • 7.1.7 Purvis
  • 7.1.8 RadioMobile
  • 7.1.9 Westnet
  • 7.1.10 Zetron

8 INVESTMENTS ANALYSIS

9 FUTURE TRENDS