Hangzhou Hikvision Digital Technology Co., Ltd, Johnson Controls and Honeywell International Inc. are Dominating the Latin America Electronic Safety System Market in 2020

Latin America Electronic Safety System Market is expected to grow with the CAGR of 7.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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Latin America electronic safety system is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Latin America electronic safety system market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2021, Robert Bosch GmbH had introduced the new FLEXIDOME multi 7000i cameras for wide-area coverage applications combine multi-directional overviews with actionable insights. The new FLEXIDOME multi 7000i camera series includes infrared and non-infrared variants with 12- or 20-megapixel resolution for highly detailed multi-directional overviews.

Hangzhou Hikvision Digital Technology Co., Ltd is the dominating player in the Latin America electronic safety system market. The other key players existing in the electronic safety system market are Robert Bosch GmbH, ASSA ABLOY, Hanwha Techwin America, Johnson Controls, SALTO Systems, S.L, Teledyne FLIR LLC, Honeywell International Inc., Motorola Solutions, Inc., ALL-TAG Corporation, Nortek Controls, Milestone Systems A/S., Cisco, Genetec Inc. among others.

Latin America Electronic Safety System MarketHangzhou Hikvision Digital Technology Co., Ltd:

Hangzhou Hikvision Digital Technology Co., Ltd is headquartered in Hangzhou, China and was founded in 2001. The company empowers decision makers by enhancing safety and sustainable development with network of products as cameras. The company operates its business through segments namely video products and video services. The company has several products under categories including network products, turbo HD products, transmission, display and control, mobile products, intelligent traffic products, access control, video intercom products, thermal products, alarm products, accessories, software, network cameras, PTZ cameras, network video recorders, data centre storage and kits in which network products, intelligent traffic products, access control, alarm products, software, network cameras, PTZ cameras and network video recorders are the market focused categories.

For instance,

  • In November 2020, Hangzhou Hikvision Digital Technology Co., Ltd was awarded for its MinMoe Touch-Free Face Recognition Terminals at the 2020 Security and Fire Excellence Awards ceremony. This prestigious award has made a great acknowledgement of the companies R&D and product development teams, thereby creating brand awareness in the competitive market.

The company has wide presence across Asia-Pacific and Americas. The company also has various subsidiary companies including Hangzhou Ezviz Network Co., Ltd. (China), Prama Hikvision India Pvt Ltd (India), Hangzhou Hikrobot Technology Co., Ltd. (U.S.), Chongqing Hikvision System Technology Co., Ltd. (China), Wuhan Hikstorage Technology Co., Ltd. (China) and Hangzhou Hikmicro Sensing Technology Co., Ltd (China) among others.

Johnson Controls:

Johnson Controls is headquartered in Cork, Ireland and was founded in 1885. The company offers fire, HVAC and security systems and solutions across the region. The company operates its business through segments namely building solutions North America, building solutions EMEA/LA, building solutions Asia-Pacific and global products in which global products is the market focused segment. The company has several products under categories including HVAC equipment, building automation and controls, security, fire detection, fire suppression, digital solutions, industrial refrigeration, residential and smart home, retail solutions, distributed energy storage and oil and gas products in which security and fire detection are the market focused categories.

For instance,

  • In May 2021, Johnson Controls had announced the partnership with VSBLTY to enhance shopper engagements retail outcomes and connectivity. This will enhance the users experience and give necessary insights. With this partnership, the company has provided better in-store customer experience, thereby increasing revenue.

The company has wide presence across Asia-Pacific, Americas, Europe and Middle East and Africa. The company also has various subsidiary companies including SimplexGrinnell (U.S.), Silent-Aire Limited Partnership (U.S.), Tyco Integrated Security (U.S.), York International (U.S.), Recaro (Germany), VARTA (Germany), TOTAL WALTHER GmbH (Germany), Qolsys, Inc. (U.S.), Autocall (U.S.) among others.

Honeywell International Inc.:

Honeywell International Inc. is headquartered in North Carolina, U.S. and was founded in 1885. The company provides innovative technologies by integrating health, safety and environmental considerations into all aspects of the business. The company operates its business through segments namely aerospace, Honeywell building technologies, performance materials and technologies and safety and productivity solutions in which safety and productivity solutions and Honeywell building technologies are the market focused segments. The company has several products under categories including aerospace, building & cities, chemicals & materials, healthcare & pharma, industrial & manufacturing, retail, safety, supply chain, software, services, products and services in which building & cities, software, product and services are the market focused categories.

For instance,

  • In May 2021, Honeywell International Inc. had received the “Best Clinical Administration Hardware Device” for its CT40 XP Health care (HC) mobile computer. The CT40 HC is a multi-purpose mobile computer for frontline medical workers and other health-care professionals that helps to simplify, streamline, and error-proof health-care delivery while also providing safe access to patient data.

The company has wide presence across Asia-Pacific, Americas and Europe. The company also has various subsidiary companies including Notifier (U.S.), Novar GmbH (Germany), Honeywell Automation India Limited (U.S.), Intermec (U.S.), Sparta Systems Inc. (U.S.), UOP LLC (U.S.), Vocollect, Inc. (U.S.), Elster GmbH (Germany), Honeywell Korea Ltd (Korea), Honeywell Specialty Chemicals Seelze GmbH (Germany) among others.