The 3D virtual fence market is expected to register a CAGR of 38.7% during the forecast period (2020 - 2025). Current trends in refurbishing borders suggest their transformation towards flexible, sophisticated and mobile devices capable of tracking, filtration, and exclusion.
- Increasing risk of terrorism and infiltration is the major market growth driver. For instance, in April 2019, the US declared Maulana Masood Azhar as a global terrorist after the terror attack on CRPF convoy in Pulwama district of Kashmir. The US also declared Iran force as a foreign terrorist organization. This points towards the increasing terrorist threat towards the world.
- There have also been government regulations regarding perimeter security. The US government agency called FEMA provides funds to eligible applicants for the installation of perimeter security enhancements that protect employees, visitors, and building functions and services from outside threats. In the UK, the government developed PAS 68, a Publicly Available Specification for vehicle security barriers, developed in partnership with perimeter security manufacturers. It has become the UK’s standard and the security industry’s benchmark for hostile vehicle mitigation (HVM) equipment.
- However, high maintenance and restoration costs are the factors which hinder the installation of 3D virtual fences. The US Department of Homeland Security canceled a project to build a virtual fence on the Southwest border, between the USA and Mexico because the project cost escalated from an initial USD 67 million to a final USD 1 billion (albeit for a longer virtual fence).
Scope of the Report
The main purpose of a 3D virtual fence is to manipulate human’s or animal’s ‘landscape of fear to create areas which are perceived to be scarier than others. This is achieved by simulating the presence of scary or unpleasant events, such as alarm, distress, etc. There has been increasing the use of 3D Virtual Cameras and 3D Video Motion Detection System in various security strategies. Verticals like Livestock Industry, BFSI and Defence are the major users of this technology.
Key Market Trends
Security Sector to Drive the Market Growth
- There has been an increasing need for perimeter security due to a growing number of terrorist attacks. One of the countries affected by terrorism, India launched the "Smart Fence" Project along the Indo-Pak border in 2018, which includes installing sensors, radars, day and night vision cameras
- Sweden also introduced terrorist-proof digital geo-fencing, due to the growing threat of radical terrorism and organized crime. The new generation of sensors being used in the pilot project is capable of picking up and identifying the location of sounds, such as gunshots, explosions and breaking glass, and reporting them to central police monitoring stations in real time.
- Moreover, attacks like Ester bombings in Sri Lanka in 2019 and open gunfire at Christmas market in Strasbourg, France in 2018 indicate that new faces of terrorism are surfacing, which require advanced technologies for tackling them thereby driving the need for the smart and virtual fence.
Asia-Pacific to Witness the Highest Growth
- According to the Australian Strategic Policy Institute, while global deaths from terrorism fell by 27% in 2018, they rose by 30% in the Asia-Pacific. The increase has been centered in three countries: the Philippines, Myanmar, and Thailand have together experienced nearly 4,000 attacks over the past five years.
- This rise has broadly corresponded with the expansion of transnational terrorist franchises, such as al-Qaeda and Islamic State, into the region.
- The involvement of absolutist religious elements makes these groups difficult to eliminate. Therefore, the countries in the region are significantly investing in the border and country security.
The market for 3D virtual fencing is emerging with the majority of players bringing our new technologies to cater to various segments. Vendors like CONTROP Precision Technologies Ltd. and G&A Surveillance offer limited services which are much demanded.
- March 2019 - Agersens and The Ohio State University have signed a Memorandum of Understanding (MoU) that paves the way for the two organizations to implement research trials to determine the efficacy and economics of the eShepherd system for local conditions. eShepherd is a smart collar system for livestock, enabling cattle producers to create “virtual fences”
- October 2018 - Nofence released virtual fencing system to help keep animals inside a defined pasture, with the help of a solar-powered colar.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Risk of Terrorism and Infiltration is the Major Market Growth Driver
4.3.2 Government Regulations Regarding Perimeter Security is Expanding the Market
4.4 Market Restraints
4.4.1 High installation and Maintenance Cost is Hindering the Market Growth
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 3D Video Motion Detection System
5.1.2 3D Virtual Cameras
5.2 By End-user Industry
188.8.131.52 Warehouse Logistics
184.108.40.206 Transportation Based Logistics
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Controp Precision Technologies, Ltd
6.1.2 G&A Surveillance
6.1.3 Huper Laboratories Co. Ltd
6.1.4 Rbtec Perimeter Security Systems
6.1.5 Senstar Corporation
6.1.6 Schneider Electric
6.1.7 Tyco International, PLC
6.1.8 Anixter International, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.