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Philippines Electronic Security Market Outlook to 2024

Emergence of Technology Integrated Electronic System and Growth in Infrastructure Projects

Region:Asia

Author(s):Vaishnavi Dayalani

Product Code:KR938

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Published On

January 2020

Total pages

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About the Report

The report Philippines Electronic Security Market Outlook to 2024-Emergence of Technology Integrated Electronic System and Growth in Infrastructure Projects provides a comprehensive analysis of the various aspects such as market size of the Philippines electronic security market, video surveillance systems market, fire alarm systems market, access control systems market and intrusion detection systems market. The segmentation has been thoroughly covered in the report by transmission and demand from end-users for each product category considered in the report. The report also covers the market shares and revenues of major companies in the Philippines' electronic security market. It also covers the future outlook and projections, which have been analyzed on the macroeconomic factors that have a direct bearing on the market. The competitive landscape of major players has been covered including Hikvision, HID Global, UTC Fire, Panasonic, Dahua, Bosch Security and others. Future market segmentation, growth opportunities, up-coming business models, government regulations and analyst recommendations have been covered.

Philippines Electronic Security Market Overview and Size: Among the 5 ASEAN countries such as Indonesia, Malaysia, Philippines, Thailand, and Vietnam, the Philippines has the second-highest annual growth rate of around 6.5% in GDP from (2018-19). The economic expansion sets the stage for similar growth in the Philippines’ electronic security industry, which is at a relatively young stage compared to other mature Asian markets yet has a lot of room to grow. 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.

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 market in the Philippines can be broadly categorized into organized and unorganized sectors. The organized sector has dominated the Philippines 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 2014-2019. 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. The residential electronic security market presently accounts for a small meager part of the Philippines' electronic security market and has showcased a slower growth as compared to the non-residential sector over the years. The residential electronic security market in the Philippines has been driven by rising urban population and consequent growth in the housing societies which have been increasingly resolving to install electronic security and surveillance systems in the buildings.

By-Products (CCTV, Fire Alarm Systems, Access Control Systems, Intrusion Detection Systems, and Specialty Devices): The electronic security equipment can be broadly divided into video surveillance systems, access control systems, intrusion alarms, fire alarm systems, intercom, and others including metal and X-ray detectors.

CCTVs: 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

Fire Alarm System: The 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

Access Control Market: The increase in revenues has been attributed to the technological advances in the access control systems market and improved usage of smart cards and biometric solutions. Additionally, growing awareness about the importance of security equipment as a result of a rise in burglaries, theft and overall sense of insecurity also supported the sales

Intrusion Alarm Systems Market: Intrusion alarms are most popular amongst the residential sector, but they fail to garner demand from other sectors, owing to high-rate of false alarms instances, generally induced by environmental conditions. The financial sector including banks was amongst the early adopters of intrusion alarms in the country, as a government made the installation of intrusion alarms and other electronic security equipment mandatory for banks and hotels

Trends and Issues

Filipinos have started shifting towards wireless technology-based alarm systems since they are easy to install and the components of a wireless security alarm system can be moved to different locations at the home. The wireless home security alarm system works through a transmitter. Each component has a transmitter that sends signals to the central control receiver of your alarm system. Infrastructure development has increased in the recent decade. An increasing number of railway stations, airports, roads, colleges, hospitals, offices, and shopping malls and others have helped in surging the demand for the electronic security systems. Under the “Build Build Build” Program, PHP 8.4 trillion is allocated for infrastructure projects up till 2022. As of June 2018, over 60 projects are listed in under this program, including 24 roads, highway and bridge projects, 15 airport-related projects and nine rail/subway projects

System Integrators in Philippines Electronic Security Market

System Integrators have benefitted the most from the presence of foreign manufacturers in the country over the period 2014-2019. System integrators sell and install products of different manufacturers. They can customize a sale depending on the customers’ needs. Owing to the local presence of foreign manufacturers in the country, it has become easier for the system integrators to procure those products. They are the ones who install them and provide after-sale services. Furthermore, entry of foreign manufacturers in the market has created a number of employment opportunities for the system integrators in the country as they are the ones installing their products in different sectors. During 2019 (P), the total revenues generated by system integrator from sales and installation for electronic security products has grown at a significant growth rate during the period 2014-2019.

Competitive Landscape of Philippines Electronic Security Market

Philippines' electronics security market is highly fragmented with the presence of foreign companies. In terms of revenues and technology, International companies have dominated the market over the past few years. However, a very small amount of local players do benefit from the presence of these foreign companies. CCTV products market is highly concentrated with the presence of Hikvision been dominating the market. On the other side, the Fire alarm system and access control systems market is fragmented among a large pool of international companies, innovating products to penetrate the market for electronic security products.

Philippines Electronic Security Market Future Outlook and Projections

Philippines' electronic security market is expected to witness phenomenal growth across all industry verticals driven by the growing awareness among the domestic population. The wide publicity by media and other government entities about the advantages of electronic security systems is anticipated to further support the growth of the market in the coming years. Additionally, recurring incidents of crime, terror, and burglary have also driven the need for around-the-clock robust security solutions. These factors will amplify the demand for CCTV surveillance systems, access control systems, intrusion alarms, fire alarm systems, and specialty security equipment in the coming years and hence will lead to the overall development of the market.

Key Topics Covered in the Report

Executive Summary
Research Methodology
Philippines Electronic Security Market Overview and Genesis
Philippines Electronic Security Market Value Chain Analysis
Philippines Electronic Security Market Size, 2014-2019
Philippines Electronic SecurityMarket Segmentation
Competitive Scenario in the Philippines Electronic Security Market
Company Profiles of Major Players in the Philippines Electronic Security Market
Major Trends and Development in the Philippines Electronic Security Market
Issues and Challenges in Philippines Electronic Security Market
Snapshot on Philippines System Integrators Market
Emerging Technologies in the Philippines Electronic Security Market
Government Role and Regulations in the Philippines Electronic Security Market
SWOT Analysis of Philippines Electronic Security Market
Philippines Electronic Security Market Future Outlook and Projections, 2019-2024E
Philippines Electronic Security Market Future Segmentation, 2024E
Analyst Recommendations for the Philippines Electronic Security Market

Products

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

Companies

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

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
2.4Consolidated Research Approach
2.5Market Sizing – Electronic Security Market
2.6Market Sizing – System Integrators
2.7Sample Size Inclusion Table
2.8Limitations
2.9Variables (Dependent and Independent)
2.10Multi Factor Based Sensitivity Model
2.11Final Conclusion

3. Philippines Electronic Security Market

3.1. Philippines Electronic Security Market Overview and Genesis
3.2. Value Chain Analysis in Philippines Electronic Security Market
3.3. Philippines Electronic Security Market Size, 2014-2019

4. Philippines Electronic Security Market Segmentation, 2019

4.1. By Channel of Sales (Direct Sales and System Integrator Led), 2019
4.2. By Product and Installation & Accessories, 2019
4.3. Product Market Segmentation By Kind of Sector (Organized and Unorganized), 2019
4.4. By Type of End Users (Residential and Non-Residential Sector), 2019
4.5. Product Market Segmentation By Type of Product, 2019
4.6. Philippines CCTV Market Segmentation, 2019
4.6.1. By Type of CCTV Camera (Fixed, PTZ and 360 Degree), 2019
4.6.2. By Type of Camera (IP and Analog Camera), 2019
4.6.3. By Type of IP Camera (Wireless and Non Wireless), 2019
4.6.4. By Type of Camera Housing (Dome, Bullet and Discreet Camera), 2019
4.6.5. By Region (Luzon, Visayas and Mindanao), 2019
4.6.6. By End Users (Residential and Non-Residential Sector), 2019
4.7. Philippines Fire Alarm Market Segmentation, 2019
4.7.1. By Type of Fire Alarms (Conventional, Addressable and Semi-Addressable), 2019
4.7.2. By Type of Detection (Heat Detectors and Smoke Detectors), 2019
4.7.3. By Region (Luzon, Visayas and Mindanao), 2019
4.7.4. By End Users (Residential and Non-Residential Sector), 2019
4.8. Philippines Access Control Market Segmentation, 2019
4.8.1. By Type of Access Control (Card Based, Hybrid (Integration of any Two or All Three Access Control Systems), Key Pad and Biometric), 2019
4.8.2. By Region (Luzon, Visayas and Mindanao), 2019
4.8.3. By End Users (Residential and Non-Residential Sector), 2019
4.9. Philippines Intrusion Detection Market Segmentation, 2019
4.9.1. By Type of Intrusion Alarm (Motion Sensors, Infrared Beam Sensors and Seismic Detectors), 2019
4.9.2. By Region (Luzon, Visayas and Mindanao), 2019
4.9.3. By End Users (Residential and Non-Residential Sector), 2019
4.10. Philippines Specialty Devices Market segmentation, 2019
4.10.1. By Type of Specialty Devices (Barriers, Scanners and Metal Detectors), 2019
4.10.2. By End Users (Residential and Non-Residential Sector), 2019

5. Competitive Scenario in Philippines Electronic Security Market, 2019

5.1. Competitive Landscape in Philippines CCTV Camera Market, 2019
5.2. Competitive Landscape in Philippines Fire Alarm Systems, 2019
5.3. Competitive Landscape in Philippines Access Control Market, 2019
5.4. Company Profiles of Major Players in Philippines Electronic Security Market
5.4.1. Hikvision
5.4.2. Bosch Security Systems
5.4.3. Panasonic Corporation
5.4.4. Axis Communications
5.4.5. HID Global
5.4.6. United Technologies Corporation (UTC)
5.4.7. Johnson Control International Plc
5.4.8. Honeywell International Plc

6. Trends and Developments in Philippines Electronic Security Market

6.1Emergence of Technology integrated Electronic security systems
6.2Shift Towards Wireless Technology Based Alarm Systems
6.3Growing government projects
Increase in Number of Commercial Buildings
6.4Growth in BPO Industry
6.5Rapid Infrastructural Development

7. Issues and Challenges in Philippines Electronic Security Market

7.1Dependence on Technicians/ System Integrators
7.2Difficulty in After Sales and Maintenance
7.3Competition from Unorganized Players
7.4Rapid Change in Technology
7.5Unexpected Failure of Fire Alarms and CCTV Cameras

8. Snapshot on Philippines System Integrators Market

Market Share of Major System Integrators in Philippines, 2018

9. Emerging Technologies in Philippines Electronic Security Market

10. Government Role and Regulations in Philippines Electronic Security Market

10.1. Regulations for CCTV Cameras
CCTV Act
City Ordinance 2381
No CCTV No business Permit
LTFRB regulation
10.2. Regulations for Fire Alarm Systems
New Fire Code of 2008 (RA9514)
NFPA 72

11. SWOT Analysis of Philippines Electronic Security Market

12. Philippines Electronic Security Future Projections, 2019-2024E

12.1. Philippines Electronic Security Future Market Segmentation, 2024E
12.1.1. By Channel of Sales (Direct Sales and System Integrators), 2024E
12.1.2. By Product and Installation & Accessories, 2024E
12.1.3. Product By Kind of Sector (Organized and Unorganized), 2024E
12.1.4. By Type of End Users (Residential and Non-Residential Sector), 2024E
12.1.5. By Type of Product (CCTV Cameras, Access Control Systems, Intrusion Detection Systems, Fire Alarm Systems and Specialty Devices), 2024E
12.2. Philippines CCTV Future Market Segmentation, 2024E
12.2.1. By Type of Camera (Fixed, PTZ, 360- Degree), 2024E
12.2.2. By Type of Camera (IP Camera and Analog Camera), 2024E
12.2.3. By Type of IP Camera (Non Wireless and Wireless), 2024E
12.2.4. By Type of Camera Housing (Dome, Bullet and Discrete), 2024E
12.2.5. By Region (Luzon, Visayas and Mindanao), 2024E
12.2.6. By End Users, 2024E
12.3. Philippines Fire Alarm Future Market Segmentation, 2024E
12.3.1. By Type of Fire Alarm (Conventional, Addressable and Semi-Addressable), 2024E
12.3.2. By Type of Detection (Heat Detectors and Smoke Detectors), 2024E
12.3.3. By Region (Luzon, Visayas and Mindanao), 2024E
12.3.4. By End Users (Residential and Non-Residential Sector), 2024E
12.4. Philippines Access Control Future Market Segmentation, 2024E
12.4.1. By Type of Access Control Systems, 2024E
12.4.2. By Region (Luzon, Visayas and Mindanao), 2024E
12.4.3. By Type of End Users (Residential and Non Residential), 2024E
12.5. Philippines Intrusion Alarm Future Market Segmentation, 2024E
12.5.1. By Type of Intrusion Alarm Systems (Motion Sensors, Infrared Beam Sensors and Seismic Detectors), 2024E
12.5.2. By Region (Luzon, Visayas and Mindanao), 2024E
12.5.3. By Type of End Users (Residential and Non-Residential Sector), 2024E
12.6. Philippines Specialty Devices Future Market Segmentation, 2024E
12.6.1. By Type of Specialty Devices (Barriers, Scanners and Metal Detectors), 2024E
12.6.2. By Type of End Users (Residential and Non- Residential Sector), 2024E

13. Analyst Recommendations for Philippines Electronic Security Market

13.1Collaborate with government bodies and NGOs
13.2Focus towards Better Home Control Solutions
13.3Customized Product Offerings
13.4Increased Focus on integration of electronic security products in the construction phase

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