The Latin America security market reached around USD 768.98 Billion in 2025. The market is projected to grow at a CAGR of 4.10% between 2026 and 2035 to reach nearly USD 1149.27 Billion by 2035.
Base Year
Historical Period
Forecast Period
The military expenditure and defence budget for Latin America and the Caribbean in 2022 amounted to $57.26 billion, reflecting a 0.77% rise compared to the previous year, 2021.
As per a study, organised crime accounts for a minimum of 50% of homicides in Latin America and the Caribbean, which has the highest regional homicide rate globally.
The urban population of Latin America and the Caribbean in 2022 reached 538,111,356, reflecting a growth of 0.96% compared to the previous year, 2021.
Compound Annual Growth Rate
4.1%
Value in USD Billion
2026-2035
*this image is indicative*
| Latin America Security Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 768.98 |
| Market Size 2035 | USD Billion | 1149.27 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 4.10% |
| CAGR 2026-2035 - Market by Country | Mexico | 4.3% |
| CAGR 2026-2035 - Market by Country | Brazil | 4.0% |
| CAGR 2026-2035 - Market by Service | Managed Security Services | 4.5% |
| CAGR 2026-2035 - Market by Application | Government | 4.7% |
| 2025 Market Share by Country | Argentina | 8.7% |
In 2021, military expenditure in Latin America and the Caribbean reached $56.82 billion, reflecting a 4.19% increase compared to the previous year. The integration of security technologies, such as sophisticated surveillance systems, drones, and satellite imaging, plays a vital role in providing real-time intelligence and reconnaissance for military operations. These technologies are instrumental in border monitoring, threat identification, and strategic planning support.
With the increase in crime rates, especially in urban regions, there is a heightened demand for residential security systems. Homeowners and tenants are progressively investing in alarm systems, CCTV surveillance, smart locks, and motion sensors to safeguard their properties and ensure the safety of their families. Throughout Latin America, organised crime and a corresponding surge in violence have jeopardised the safety of residents, leaving governments struggling to devise effective solutions. Approximately one-third of all murders globally occur in Latin America each year, with a significant portion attributed to organised crime by national authorities. The geographical landscape plays a crucial role in establishing Latin America as a focal point for global crime, as it houses three of the largest cocaine-producing nations: Colombia, Peru, and Bolivia. The scope of these criminal enterprises extends beyond drug trafficking as they are also involved in human smuggling, fuel theft, illegal logging and mining, and extortion.
Rising urbanisation, enhanced security of public infrastructure, stringent law enforcement and ensuring security in banking and financial institutions are the major trends impacting the Latin America security market expansion.
The increasing crime rate has led to a greater focus on securing public infrastructure such as transportation hubs, schools, hospitals, and government buildings. Enhanced security measures, including metal detectors, baggage scanners, and perimeter security systems, are being implemented to safeguard these critical areas.
Financial institutions face significant risks from criminal activities, such as theft and cyberattacks. The escalating rates of crime have prompted these organisations to enhance their security measures by investing in advanced technologies, including biometric authentication, secure vaults, surveillance systems, and fraud detection software, aimed at safeguarding both assets and customer information.
The transportation and logistics sector is currently experiencing an increase in criminal activities, notably cargo theft and vehicle hijacking. In response, companies are allocating resources towards GPS tracking, vehicle immobilisation technologies, and real-time monitoring systems to protect their assets while in transit.
The rising incidence of crime is contributing to a heightened demand for sophisticated security technologies within law enforcement and emergency services. This encompasses the implementation of body-worn cameras, the utilisation of data analytics for crime forecasting, and the advancement of communication systems to enhance response times and overall effectiveness.
The rapid expansion and increasing density of urban environments have significant implications for public safety and social stability. As cities grow and populations inflate, the concentration of individuals in confined spaces can lead to a variety of challenges, including a heightened likelihood of crime, accidents, and social disturbances.
In response to the rising incidence of crime, financial institutions are also increasingly investing in advanced security protocols and technologies. One of the key areas of focus is biometric authentication, which utilises unique physical characteristics—such as fingerprints, facial recognition, or iris scans to verify the identity of individuals accessing sensitive information or conducting transactions.
"Latin America Security Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by System
Market Breakup by Service
Market Breakup by Application
Market Breakup by Country
| CAGR 2026-2035 - Market by | Country |
| Mexico | 4.3% |
| Brazil | 4.0% |
| Argentina | XX% |
| Others | XX% |
Based on the application, the market is segmented into government, military and defence, transportation, commercial, and industrial, among others. The government segment is projected to grow at a CAGR of 6.5% during the forecast period of 2026-2035 amid the growing incidences of cybercrimes.
Major players are focusing on the adoption of artificial intelligence and IoT in the market to gain a competitive edge in the market.
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market attained a value of nearly USD 768.98 Billion.
The market is assessed to grow at a CAGR of 4.10% between 2026 and 2035.
The market is estimated to reach around USD 1149.27 Billion by 2035.
The market is being driven by the rising crime rate in the region and the adoption of security tools by residents due to swift urbanisation.
The key trends aiding the market expansion include the rising government investment in national security and the integration of AI and IoT into security solutions.
The major applications are government, military and defence, transportation, commercial, and industrial, among others.
The countries considered in the market are Brazil, Mexico, and Argentina, among others.
The major players in the market are Motorola Solutions, Inc., Honeywell International Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co. Ltd., Axis Communications AB, Ubiquiti Inc., Robert Bosch GmbH, Global Guardian, LLC, Anviz Global Inc., and Magnetic Autocontrol GmbH, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by System |
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| Breakup by Service |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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