According to the recent research report titled ‘UK Electronic Security Market Share By Application, Product, Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, UK electronic security market is projected to grow substantially during the forecast period and reach a valuation of USD 11 billion by the year 2026.
 

Increasing penetration of home security solutions, rising prevalence of crimes, high government investments, and rapid industrialization are the key factors driving the growth of UK electronic security market.
 

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Additionally, shifting customer preferences towards expensive and luxury goods are also contributing towards the expansion of UK electronic security industry. Introduction of devices like Yale Conexis L1 Smart Door Lock permits the users to safeguard their homes without a key.
 

Speaking of solution type, surveillance & alert systems segment is projected to grow substantially over the study period on account of its widespread adoption in public places like airports, bus stations, and malls. Low costs of raw materials and components has decreased the prices of the equipment which will in turn propel the product demand, thereby contributing to the UK electronic security market outlook. Moreover, advancements like night vision cameras is expected to positively impact surveillance & alert systems demand.
 

Based on application spectrum, UK electronic security system market share from the environmental segment is expected to record a CAGR of 9% through 2026. This growth is credited to rising unexpected cases of flash floods, cyclones, forest fires, and other such environmental calamities, thereby contributing to the expansion of UK electronic survey industry.
 

In fact, in June 2018, the country witnessed wildfires throughout the summer. To fight such incidences, adoption of environmental surveillance systems like thermal sensors and UAVs has helped in identifying temperature changes and sending alerts to conduct evacuations in times of need, thereby positively influencing the UK electronic security market size.
 

Major players in UK electronic security market are FLIR Systems, Inc., Canon Inc., Bosch Security Systems, ASSA ABLOY Group, Future Fibre Technologies, Frontier Pitts, Ltd., and Honeywell International, Inc. among others.