Latin America Perimeter Security Market Size & Outlook
The perimeter security market in Latin America is expected to reach a projected revenue of US$ 18,112.6 million by 2030. A compound annual growth rate of 9.2% is expected of Latin America perimeter security market from 2023 to 2030.
Revenue, 2022 (US$M)
$8,963.4
Forecast, 2030 (US$M)
$18,112.6
CAGR, 2023 - 2030
9.2%
Report Coverage
Latin America
Latin America perimeter security market, 2017-2030 (US$M)
Related Markets
Latin America perimeter security market highlights
- The Latin America perimeter security market generated a revenue of USD 8,963.4 million in 2022.
- The market is expected to grow at a CAGR of 9.2% from 2023 to 2030.
- In terms of segment, system was the largest revenue generating component in 2022.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 8,963.4 million |
| Market revenue in 2030 | USD 18,112.6 million |
| Growth rate | 9.2% (CAGR from 2022 to 2030) |
| Largest segment | System |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | System, Service |
| Key market players worldwide | Canon Inc, Barrier1, Optex Group Co Ltd, Honeywell International Inc, Johnson Controls International PLC, PureTech Health PLC, Senstar Technologies Corp, The Delta Companies |
Other key industry trends
- In terms of revenue, Latin America region accounted for 16.2% of the global perimeter security market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,116.3 million by 2030.
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Perimeter Security Market Scope
Perimeter security market segmentation & scope
Others
Perimeter Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America perimeter security market size, by country, 2017-2030 (US$M)
Latin America Perimeter Security Market Outlook Share, 2022 & 2030 (US$M)
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