World Security Equipment

World demand for security equipment is forecast to increase 6.8 percent annually to $126 billion in 2018. The fastest gains will be in developing areas, where security markets are relatively immature. Technological innovations and the integration of security equipment with electronic devices and building systems will aid sales.This study analyzes the $90.2 billion world security equipment industry. It presents historical demand data (2003, 2008 and 2013) and forecasts (2018 and 2023) by product (e.g., access control and video surveillance, alarms, mechanical locks), market (commercial and industrial, government and institutional, residential), world region, and for 14 countries.The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 43 industry participants, including ASSA ABLOY, Tyco International, and United Technologies.