Security

Changes in the Structure of the Physical Security Market & Future Prospects

2018 has been a year of solid performance for the Physical Security Industry. Sales at factory gate prices have increased by 7.5% in 2018 reaching $31.55Bn, whilst the average annual growth over the last ten years has been 5.3%. In 2018 Video Surveillance products at $17.38 billion had a share of 55%. This could change significantly over the next 5 years with Video Surveillance increasing its share as the impact of AI Video Analytics starts to kick in. Access Control was expected to deliver a slightly higher performance than 8% as it further penetrated the IP Network business, also advancing further into biometric, identity management and wireless locking systems. Intruder & Perimeter Protection Business, the father of the physical security business, has through improved performance of radar, thermal and multi sensor cameras, significantly increased their contribution to growth. In addition, advances in sensor technologies, wireless technology and the integration with Video Surveillance, Access and outdoor […]

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