Mexico Perimeter Security Market Size & Outlook, 2022-2030
The perimeter security market in Mexico is expected to reach a projected revenue of US$ 4,856.0 million by 2030. A compound annual growth rate of 10.1% is expected of Mexico perimeter security market from 2023 to 2030.
Revenue, 2022 (US$M)
$2,252.7
Forecast, 2030 (US$M)
$4,856.0
CAGR, 2023 - 2030
10.1%
Report Coverage
Mexico
Mexico perimeter security market, 2017-2030 (US$M)
Related Markets
Mexico perimeter security market highlights
- The Mexico perimeter security market generated a revenue of USD 2,252.7 million in 2022 and is expected to reach USD 4,856.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.1% 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.
Perimeter security market data book summary
| Market revenue in 2022 | USD 2,252.7 million |
| Market revenue in 2030 | USD 4,856.0 million |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | System |
| Fastest growing segment | Service |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 4.1% of the global perimeter security market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil perimeter security market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 4,856.0 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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Mexico perimeter security market size, by component, 2017-2030 (US$M)
Mexico Perimeter Security Market Outlook Share, 2022 & 2030 (US$M)
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