The US market for security products and systems is expected to increase 6.3 percent annually to $19.9 billion in 2016. Electronic access control systems such as smart cards and biometrics, as well as mechanical and electromechanical locks, will post the fastest gains as new construction rebounds. The most rapid market growth will occur in the office and lodging segment.
This study analyzes the $14.6 billion US security product industry. It presents historical demand data (2001, 2006, 2011) and forecasts for 2016 and 2021 by product (e.g., access controls, alarms, video surveillance, contraband detection systems, vehicle security products, electronic article surveillance systems, locks, security storage) and market (e.g., consumer, government and institutional, industrial, trade and distribution, financial institutions, air transport).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including Tyco International, Honeywell International and ASSA ABLOY.