Mexico Security Market Report and Forecast 2025-2034
Market Report I 2025-06-05 I 116 Pages I EMR Inc.
The Mexico Security market was valued at USD 2.43 Billion in 2024. The industry is expected to grow at a CAGR of 4.60% during the forecast period of 2025-2034 to attain a valuation of USD 3.81 Billion by 2034.
Mexico Security Market Growth
According to the National Statistics and Geographic Institute of Mexico, Tabasco, Veracruz, State of Mexico, and San Luis Potosi are some of the Mexican states most vulnerable to crime-related threats. The National Survey on Urban Public Security suggests that the cities of Guadalajara, Ecatepec de Morelos, Venustiano Carranza, Zapopan, and Atizapan de Zaragoza, among others, also face significant threats of crime. Hence, private spending on security systems has increased significantly due to the limited availability of public security resources, increasing efforts to safeguard critical personal and institutional assets, and rising awareness about collective responsibility for crime prevention and good education.
Some of the common security challenges in Mexico include organised crime (homicide, robbery, kidnapping), migration, and oil and gas theft, among others. The Mexican government implemented the National Peace and Security Plan in 2019 to create the National Guard, in order to prevent crimes and preserve public security. It also underpins the development of the capabilities and reach of domestic military force, to combat criminal activity. In 2023, the government spent USD 17.8 billion on its national security and defence budget, which indicates its strong commitment to strengthening peace and harmony within the state. This is expected to drive the market growth over the forecast period.
Mexico Security Industry Segmentation
Mexico Security Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Security System:
- Access Control Systems
- Alarms and Notification Systems
- Intrusion Detection Systems
- Video Surveillance Systems
- Barrier Systems
- Others
Market Breakup by Security Service:
- System Integration and Consulting
- Risk Assessment and Analysis
- Managed Security Services
- Maintenance and Support
Market Breakup by End Use:
- Government
- Military and Defence
- Transportation
- Commercial
- Industrial
- Others
Market Breakup by Region:
- Baja California
- Northern Mexico
- The Bajio
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Mexico Security Market Share
Based on security system, the market is divided into access control systems, alarms and notification systems, intrusion detection systems, video surveillance systems, and barrier systems, among others. Over the forecast period, video surveillance systems are expected to emerge as the leading market segment, as an increasing number of consumers seek smart cameras for round-the-clock monitoring of their households.
Leading Companies in the Mexico Security Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Teledyne Technologies Inc. (Teledyne FLIR LLC)
- Canon Inc. (Axis Communications AB)
- Honeywell International Inc.
- Johnson Controls International Plc
- WESCO International, Inc. (Anixter Inc.)
- ASSA ABLOY AB
- Global Guardian, LLC
- Black Mountain Solutions Ltd.
- Eagle Eye International Protective Services
- Others
Major market players are expected to launch technologically advanced security systems amid growing privacy and security concerns.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Latin America Security Market Overview
5.1 Key Industry Highlights
5.2 Latin America Security Historical Market (2018-2024)
5.3 Latin America Security Market Forecast (2025-2034)
6 Mexico Security Market Overview
6.1 Key Industry Highlights
6.2 Mexico Security Historical Market (2018-2024)
6.3 Mexico Security Market Forecast (2025-2034)
7 Mexico Security Market by Security System
7.1 Access Control Systems
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Alarms and Notification Systems
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Intrusion Detection Systems
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Video Surveillance Systems
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Barrier Systems
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
7.6 Others
8 Mexico Security Market by Security Service
8.1 System Integration and Consulting
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Risk Assessment and Analysis
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Managed Security Services
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Maintenance and Support
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
9 Mexico Security Market by End Use
9.1 Government
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Military and Defence
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Transportation
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Commercial
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Industrial
9.5.1 Historical Trend (2018-2024)
9.5.2 Forecast Trend (2025-2034)
9.6 Others
10 Mexico Security Market by Region
10.1 Baja California
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Northern Mexico
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 The Bajio
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Central Mexico
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Pacific Coast
10.5.1 Historical Trend (2018-2024)
10.5.2 Forecast Trend (2025-2034)
10.6 Yucatan Peninsula
10.6.1 Historical Trend (2018-2024)
10.6.2 Forecast Trend (2025-2034)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 Teledyne Technologies Inc. (Teledyne FLIR LLC)
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 Canon Inc. (Axis Communications AB)
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 Honeywell International Inc.
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Johnson Controls International Plc
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 WESCO International, Inc. (Anixter Inc.)
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 ASSA ABLOY AB
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Global Guardian, LLC
12.5.7.1 Company Overview
12.5.7.2 Product Portfolio
12.5.7.3 Demographic Reach and Achievements
12.5.7.4 Certifications
12.5.8 Black Mountain Solutions Ltd.
12.5.8.1 Company Overview
12.5.8.2 Product Portfolio
12.5.8.3 Demographic Reach and Achievements
12.5.8.4 Certifications
12.5.9 Eagle Eye International Protective Services
12.5.9.1 Company Overview
12.5.9.2 Product Portfolio
12.5.9.3 Demographic Reach and Achievements
12.5.9.4 Certifications
12.5.10 Others
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