Asia-Pacific Public Infrastructure Safety Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Asia-Pacific Public Infrastructure Safety Market Analysis

The Asia Pacific Public Infrastructure Safety Market size is estimated at USD 1.18 billion in 2024, and is expected to reach USD 2.79 billion by 2029, growing at a CAGR of 18.70% during the forecast period (2024-2029).

• The growing crime rate, number of accidents, and terrorist activities, coupled with the increasing investments in smart grid technology, are contributing to the growth of the market studied. Moreover, over the past few years, terrorist activity and crime rates have increased in the region, resulting in heightened concerns about the safety of people, assets, and processes. If left unchecked, these factors may lead to severe damage to infrastructure and the loss of multiple lives.
• Governments across the region are making significant investments. Several commercial offices, buildings, businesses, and residential buildings are using access controls. These systems offer enhanced property security for tenants and staff, who can quickly enter with credentials while denying access to unauthorized individuals.
• The increase in terror attacks raises the demand for public infrastructure safety solutions. Furthermore, governments are investing in physical security solutions to reduce crime rates and protect residents, employees, and assets.
• Several countries in the region are using AI in video surveillance as it provides significant benefits in detecting unusual incidents and generating alerts. Starting with high-quality surveillance cameras, Japan's Security System has expanded into AI to ensure optimal safety and efficiency.
• The high initial investment is a significant hindrance to market growth. Governments are spending on installing surveillance systems, biometric security, critical communication networks, and scanning and screening systems, which incur high installation and maintenance costs.
• Furthermore, the impact of macroeconomic factors such as supply chain disruptions, energy prices, sanctions, trade restrictions, and rising inflation, along with the Russia-Ukraine war, has created a challenging environment for the public infrastructure safety market. While the war presents challenges through supply chain disruptions, economic uncertainty, and increased costs, it also drives a renewed focus on security, resilience, and innovation in public infrastructure safety within the Asia-Pacific region.

Asia-Pacific Public Infrastructure Safety Market Trends

Physical Security To Hold Significant Market Share

Asia-Pacific Public Infrastructure Safety Industry Segmentation

Public infrastructure safety refers to the security of infrastructure and includes all essential systems and facilities that allow the smooth flow of an economy’s day-to-day activities and enhance the people's standard of living. The study tracks the revenue accrued through the sale of various security products by the players in the Asia-Pacific market. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which support the market estimations and growth rates during the forecast period.

The Asia-Pacific public infrastructure safety market is segmented by security type (physical security [screening & scanning and video surveillance], building management systems, and vehicle identification management), deployment type (on-premise and cloud-based), end-user industry (transportation, healthcare, educational, and other end users), and country (China, Japan, India, South Korea, and Rest of Asia Pacific). The market sizes and forecasts are provided in terms of value (USD) for all the segments mentioned above.