Worldwide Intelligent Fencing request is expected to be esteemed at US$ 589.0 Million of every 2022, conjecture to develop at a CAGR of 6.4% to be esteemed at US$ 1,100.0 Million from 2022 to 2032. Development is ascribed to the ascent in wellbeing and security concerns.
The intelligent fencing market is growing significantly due to the increase in the number of crimes such as burglary, robbery and, vandalism. The growing demand for intelligent security solution across residential, commercial, and government sector is one of the major factors which are fueling the growth of intelligent fencing market.
Various residential, commercial, and government organizations are adopting intelligent fencing to protect the property and makes it difficult and risky for the criminals to penetrate.
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Intelligent fencing is an electric fence security system that is attached to existing perimeter wall or fence of the property to detect and prevent intrusion into the perimeter. Intelligent fencing is the first line of defense against unauthorized access, and it provides the physical barrier that delays the intrusion time, thus giving more time to respond to alarm/alert message.
Intelligent fencing is widely used to isolate and protect public and private places such as airports, military bases, and power stations against unauthorized accesses.
Intelligent Fencing Market: Drivers and Restraints
Drivers
The rise in safety and security concerns and spending carried out for the commercial and government constructions are expected to spur the market growth in near future. Also, various advantages of intelligent fencing over alarm system and CCTV surveillance are fueling the growth of intelligent fencing market. Moreover, intelligent fencing market is witnessing the high growth due to the increase in government spending for enhancing public places, and government premises.
Restraints
The critical challenge in the Intelligent Fencing market is the vulnerability to cyber-attacks. Also, the device and system compatibility is also a major challenge which may hamper the growth of Intelligent Fencing market. Moreover, the high cost of intelligent fencing is also one of the major factors which may hinder the growth of the intelligent fencing market.
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Intelligent Fencing Market: Segmentation
Segmentation of Intelligent Fencing market on the basis of end-user:
On the basis of end-user, Intelligent Fencing market can be segmented as residential, commercial, government, and others. Among this, government segment is anticipated to capture the largest market during the forecast period owing to the increase in the adoption of intelligent fencing in various government property.
Intelligent Fencing Market: Competition Landscape
Key Players
The prominent players in Intelligent Fencing market includes SensorTec, Gallagher Group, Tru-test Group, Smart Fence integrated Security, Betafence NV, Long Fence, CertainTeed, ST Microelectronics, NXP semiconductors, and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Recent Development:
- In June 2020, Under the National Agriculture Development Scheme, the INR 3 crore were allocated to encourage the use of solar electric fence system for farmlands in Tamil Nadu.
- In September 2019, Parker McCrory Mfg. Co launched Model MAG-12-U.O. and MAG-12-SP Model of electric fencing chargers. It can pass electricity of twelve volts for medium to large pastures. They possess low impedance and will shock through weeds and brush and are ideal for cattle, sheep, and deer, etc. The MAG-12-U.O. (solar powered) and MAG-12-SP are used for fencing large animals and larger pastures.
- In July 2019, Senstar Corporation has published a case study about intelligent lighting systems and LM100 hybrid perimeter intrusion detection systems. These are used to provide electric fence security for U.S. electrical utility companies. The Senstar Corporation developed LED-based (LM100 hybrid perimeter) lighting, which acts as an initial deterrent if any unauthorized entrant attempts to break through the electric fencing sending an instant alert through a security management system.
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Key Segments Profiled in the Intelligent Fencing Industry Survey
Intelligent Fencing Market By Product Type:
- Cloud-Based Intelligent Fencing
- On-Premise Intelligent Fencing
Intelligent Fencing Market By Application:
- Intelligent Fencing for Commercial Use
- Intelligent Fencing for Residential Use
Intelligent Fencing Market By Region:
- North America Intelligent Fencing Market
- Latin America Intelligent Fencing Market
- Europe Intelligent Fencing Market
- Asia Pacific Intelligent Fencing Market
- Middle East and Africa Intelligent Fencing Market
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