Security

Global Physical Security Product Sales will Reach over $31Bn in 2018

We have published a brand new report on Access Control, Intruder Alarm & Video Surveillance in 2018, forecasting to 2023; which brings together all the factors that are influencing the future of the security industry. The total value of world production of Physical Security products at factory gate prices in 2018 was approx. $31.55Bn, and the market is forecast to reach $51.38Bn by 2023. We estimate that China accounts for approx. 31% of the worlds physical security business. It is now the biggest single country market for physical security products having increased its share by almost 50% in the last 7 years. Video surveillance equipment has been the major contributor here, with the market growing rapidly through a boom in new construction and safe city projects in the public sector. However very little of this vast expanding market has been of benefit to western manufacturers as they have failed to establish a solid business base […]

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