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3. Commercial Security System Companies -Johnson Controls (US) and Hangzhou Hikvision Digital Technology Co., Ltd (China) are the Key Players

The commercial security system market is expected to reach USD 343.7 billion by 2028 from USD 236.3 billion in 2023, at a CAGR of 7.8% during the 2023–2028 period.

The major players in the commercial security system market with a significant global presence are include Johnson Controls (US), Hangzhou Hikvision Digital Technology Co., Ltd (China), Carrier (US), Honeywell International Inc. (US), Robert Bosch GmbH (Bosch Sicherheitssysteme GmbH) (Germany), Dahua Technology Inc. (China), dormakaba Group (Switzerland), ADT (US), Axis Communication AB. (Sweden), SECOM. CO. LTD, (Japan), ASSA ABLOY(Sweden), Siemens (Germany), Halma plc (US), Hochiki Corporation (Japan), Teledyne FLIR LLC(US), Allegion plc (Ireland), Nice S.p.A. (US), Alarm.com (Canada), Motorola Solutions, Inc. (Avigilon)(Canada), Dallmeier electronic (Germany), Securitas Technology (Canada), Gunnebo AB (Sweden), Control4 (US), Viking Group Inc. (US), Norden (UK), Vivint Inc (US).

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Johnson Controls (US)

Johnson Controls provides a comprehensive range of security, fire detection, suppression, and life safety products and services. The company offers these products under various brand names, including Tyco, Simplex, Grinnell, Sensormatic, Ansul, Scott and ADT, Software House, Visonic, Chemguard, and Exacq. In September 2016, Johnson Controls merged with Tyco to expand its presence in the home security system market, acquiring approximately 56% equity and enabling the delivery of advanced home security systems.

Johnson Controls operates through 4 major segments—Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products. The company sells its commercial security products through all of its 4 business segments. The company sells its integrated control systems, security systems, fire detection systems, equipment and services. Through its extensive digital offering OpenBlue, Johnson Controls, a company with more than 135 years of innovation, offers the future's blueprint for sectors like healthcare, education, data centers, airports, stadiums, manufacturing, and more. Johnson Controls offers the greatest range of building technology, software, and service solutions in the world, along with some of the most reputable brands in the business, with a worldwide workforce of more than 100,000 specialists in more than 150 countries. Johnson Controls have their specialties in Engineering, Manufacturing Operations, Sales, Building Automation, Industrial Refrigeration, Fire & Hazard Protection, HVAC, Security, and Sustainability.

Hangzhou Hikvision Digital Technology Co., Ltd (China)

Hangzhou Hikvision Digital Technology Co., Ltd is one of the world’s leading suppliers of video surveillance products and solutions. The company has state-of-the-art manufacturing facilities for innovative CCTV and video surveillance products across 20 locations worldwide. Hikvision also offers security, visual management, video content, and Big Data services. The company operates in 8 major business segments— products and services for main business, smart home business, robotic business, thermal imaging business, constructions for main business, auto electronics business, storage business, other innovative businesses which cater to markets such as public security, transportation, judicial systems, education, healthcare, financial institutions, energy, and intelligent buildings. Consequently, it provides professional and customized products and Intelligent visual management (IVM) solutions to meet diverse market requirements. The company supplies its video encoder products through its video surveillance business segment.

Carrier (US)

Carrier, an industry leader, specializes in providing a comprehensive range of products, solutions, and services in the fields of heating, ventilation, air conditioning (HVAC), refrigeration, fire safety, security, and building automation. Previously operating as a division of United Technologies Corporation, Carrier became an independent company in March 2020. With a global presence, the company serves customers in 160 countries and offers over 100 different products. In addition to its product offerings, Carrier also provides a wide range of building services, including auditing, design, installation, system integration, repair, maintenance, and monitoring.

Carrier's products find applications in commercial, government, infrastructure, residential properties, as well as refrigeration and transportation. The company operates through three distinct business segments: HVAC, Refrigeration, and Fire & Security. Carrier's fire and security division offers an extensive portfolio of products, such as fire, flame, gas, and smoke detection systems, portable fire extinguishers, fire suppression systems, intruder alarms, access control systems, video surveillance systems, and building control systems. Governments, financial institutions, architects, building owners, developers, security and fire consultants, homeowners, and other end users who prioritize security and fire protection rely on Carrier's fire and security products and services. These solutions cater to the diverse needs of businesses and residences, providing a high level of safety and protection.

Honeywell International Inc. (US)

Honeywell International Inc., founded in 1885, is a provider of security and automation solutions for residential and commercial applications. The company was acquired by AlliedSignals in the year 1999, but it was elected to retain the Honeywell name for its brand recognition. The company offers intrusion, access control, and video surveillance products and systems in the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Honeywell International Inc. operates through 4 business segments—Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company sells its commercial security systems under its Honeywell Building Technologies and Safety and Productivity Solutions business segments. Through these 2 segments, Honeywell offers products, software, solutions, and technologies that enable commercial building owners and occupants to ensure that their facilities are safe, energy efficient, sustainable, and productive.

Robert Bosch GmbH (Bosch Sicherheitssysteme GmbH) (Germany)

Bosch Sicherheitssysteme GmbH designs and supplies security equipment for communications, video surveillance, access control, intrusion, and fire detection applications. The company is a subsidiary of Robert Bosch GmbH (Germany). Bosch’s product portfolio encompasses video-surveillance, intrusion detection, fire detection, and voice alarm systems, as well as access control and professional audio and conference systems. The company offers access control solutions including analog cameras, IP cameras, digital video recorders, monitors, accessories, and video software; conference systems including discussion systems, wireless discussion systems, and wireless language distribution systems; and fire alarm systems including fire panels, smoke detectors, and notification appliances and accessories. Bosch Sicherheitssysteme GmbH offers access modular controllers, readers and cards, Access Professional Edition (APE), building integration systems, security escort systems, access easy control systems, and access control software.

Related Reports:

Commercial Security System Market by Hardware (Fire Protection, Video Surveillance, Access Control, Entrance Control), Software (Fire Analysis, Video Surveillance, Access Control), Services, Vertical and Region- Global Forecast to 2028

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