Latin America. The Latin American electronic security market anticipates a compound annual growth (CAGR) of 6.5% between 2025 and 2030, according to Mordor Intelligence's "Latin America Electronics Security Market Size & Share Analysis" report. The increase in demand in both the public and private sectors is related to population growth, urban progress and the need to strengthen security in critical areas.
The research detects a notable growth in the implementation of video surveillance, access control and alarm systems in government institutions, universities, industrial sectors, transport, banks and retail businesses. "The application of video surveillance systems to prevent and control crime and geospatial analysis to map it is increasingly common in large Latin American cities."
One of the outstanding cases was the deployment of 13,720 cameras in Mexico City as part of an urban surveillance system. "This solution has been successfully deployed in Mexico City by local authorities. Since its implementation, the system has improved neighborhood security by 40%," the report states.
It also mentions the expansion of the Pegasus software in Brazil, as well as the installation of surveillance systems with sensors, facial recognition and drones on the border with Venezuela.
Brazil, in particular, is positioned as a relevant growth market due to the digitization of buildings and the incorporation of technologies such as facial recognition. "The growing number of buildings in Brazil is complementing or replacing doormen with more efficient devices," the report adds.
Among the main companies active in the region are Hikvision, Bosch Security Systems, Dahua Technology and Magal Security Systems, with a presence in sectors such as ports, energy, mining and airports.
