Global demand for security equipment will climb 7.8 percent annually through 2012. Strongest gains will occur in the underdeveloped markets of Asia, Eastern Europe, Africa/Middle East and Latin America. Electronic security products will post stronger sales advances than mechanical security equipment.
This study analyzes the $62.1 billion world security equipment industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by product (e.g., access controls, CCTV surveillance, alarms, locks); market (commercial and industrial, government and institutional, residential); world region (e.g., Western Europe, North America, Asia/Pacific); and for 28 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 41 industry players, including ASSA ABLOY, United Technologies and Honeywell International.