Security

The Global Market for Physical Security Products is worth $28.44bn in 2016

We have published a new report on Access Control, Intruder Alarms & Video Surveillance in 2016, forecasting to 2021; which brings together all the factors that are influencing the future of the security industry. The total world production value of security products at factory gate prices was $28.44 billion in 2016, and we are forecasting a CAGR of 5.65% over the next 5 year period to 2021. Access Control was the fastest growing sector at around 10%. Over the last 5 years the total market has grown at a CAGR of 8.2% but there has been a significant fall in growth over the last 2 years. This slow down in revenue growth is attributable, not to a decline in demand, but to aggressive pricing by Chinese manufacturers of Video Surveillance equipment. They have adopted this strategy in order to win market share and scale up volume to take advantage of future commoditization. Indeed, Chinese manufacturers […]

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