Electronic Security Products

US demand for electronic security products is forecast to grow 7.0 percent annually through 2019 to $16.2 billion. Technological advances will drive growth by boosting value demand via the incorporation of value-added features and by increasing market penetration. Video surveillance, access controls and alarms will be the fastest growing products.This study analyzes the $11.6 billion US security product industry, with forecasts for 2019 and 2024 by product (e.g., alarms, access controls, video surveillance, contraband detection, electronic article surveillance) and market (e.g., government and institutional, consumer, trade and distribution, industrial, air transport, financial institutions, office and lodging establishments).The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 42 industry players, including Tyco International, United Technologies, and Honeywell International.