Abstract
Demand to increase nearly 8% annually through 2012
Global demand for security equipment is projected to climb 7.8 percent
annually through 2012 to $90.5 billion. Market gains in developing parts of
Asia, Eastern Europe, the Africa/Mideast region and Latin America will outpace
demand in the US, Western Europe and Japan. Security markets in these areas
are, for the most part, underdeveloped, and product demand will be fueled by
generally strong economic conditions, new business formation and foreign
investment activity, increased urbanization (contributing to social tensions
and criminal activity), growing middle and upper class populations, and an
ongoing trend toward privatization of formerly state-owned industries such as
banking and air transportation. Russia, Brazil China and India are expected to
see some of the best sales gains. By 2012, China will surpass Japan to become
the second largest security equipment market in the world behind the US.
Growth is also expected to be strong in lower-volume markets like Turkey,
Indonesia and Israel.
Security equipment demand in developed parts of the world will be spurred by
generally healthy economic conditions, rising business and personal incomes,
strengthening building construction activity in the US and Japan, and ongoing
concerns about the threat of new terrorist attacks. However, building
construction spending is expected to moderate in Western Europe, and the
maturity of most security equipment markets in developed areas will constrain
future increases in product demand.
Study coverage
It presents historical demand data (1997, 2002, 2007) plus forecasts for 2012
and 2017 by product and market in 6 regions and 28 countries. The study also
assesses market environment factors, evaluates company market share data and
profiles 39 industry competitors worldwide.
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