China's Security Radar Industry Development Trend Analysis and Investment Prospect Forecast Report

1. The scale of the security market.

In recent years, public safety incidents have occurred frequently both at home and abroad. As an important guarantee system for institutions and places such as hospitals, schools, airports, ports, railway transportation, and warehouses, the prosperity of the security industry has risen rapidly. Data shows that from 2017 to 2022, the scale of China's security market increased from 601.6 billion yuan to 1013.4 billion yuan.

2. Demand for security radars.

Security radar is an important part of the security system, which is a device that uses the principle of radar for security monitoring. Its main function is to detect objects in the surrounding environment, determine whether they are suspicious targets, and then provide security protection measures.

Compared with other products such as infrared monitoring and video monitoring, security radar has the advantages of small size, light weight, strong long-distance resolution, excellent anti-interference performance, and high reliability. In the context of the rapid development of smart cities and the Internet of Things, the application field of security radar has gradually expanded to digital cities, emergency management, environmental safety, information security, safe cities, home security, and other scenarios, and the market demand for security radar has been constantly increasing.

According to the data, from 2015 to 2021, the demand for security radars in China increased from 121,500 sets to 805,200 sets. In 2022, the demand for security radars in China exceeded 1 million sets, reaching 1,006,500 sets, a year-on-year increase of 25.00% compared with the previous year.

3. The market size of security radar.

Security radar has excellent performance and is widely used in various scenarios. With the rise of "Internet of Things", "Safe City", and "Smart City", security radar has entered a period of rapid development, and the industry market scale has expanded rapidly. According to the data, from 2015 to 2022, the market scale of China's security radar increased from 267 million yuan to 1.186 billion yuan, with an annual compound growth rate of 20.5%.

4. Segmentation of the security radar market

From the perspective of market segmentation, according to different frequency bands, security radars can be divided into microwave radars, millimeter wave radars, laser radars, etc. Among them, millimeter wave radars have the advantages of high cost-performance, strong hardware performance, high long-distance resolution, and high integration, and are widely used in the field of automotive assisted driving. The penetration rate of millimeter wave radars in the field of security radars is constantly increasing, and it has gradually become the main segmentation product in the security radar market.

According to the data, in 2022, the market size of China's security millimeter wave radar was about 900 million yuan, an increase of about 25% year-on-year, accounting for 75.89% of the total market size of security radar. Laser radar was the second largest category of security radar, and the market size of laser radar and other radars in 2022 was about 286 million yuan, an increase of about 22% year-on-year, accounting for 24.11% of the total market size of security radar.

Note: The above information is for reference only. Please refer to the main text of the report for the specific content.