Although the market for security systems in the UK will continue to grow, it will be at a slower pace compared with recent years, predicts the latest report on the industry from MBD.
Although CCTV, access control and integrated systems will show a healthy increase between now and 2008, the market for intruder alarms will show a slight decline reflecting its maturity.

Market & Business Development Ltd estimates the total current market (2003) at £2714 million, representing 21 per cent growth on 1999.

It forecasts the market to reach £2882m by 2008 reflecting an overall increase of 5 per cent compared with 2004. Growth of the whole market will be more moderate than in past years due to increased price competition and some security sectors reaching maturity.

Intruder alarms: Income is expected to decline and by 2008 is predicted to be £806m representing a moderate decline of 2 per cent compared with 2004. This is not only due to sector maturity but intense price competition from within the sector and competition from other security sectors.

CCTV: Continued growth is predicted although rates are likely to be more moderate. By 2008 the sector is predicted to be £1108m, representing growth of 9 per cent compared with 2004.

Access control: This sector is predicted to increase by 7 per cent between now and 2008, reaching £568m.

Integrated systems: Growth of 5 per cent is predicted between now and 2008 rising from £247m to £260m.

In a separate report on the access control sector, MBD says real growth is expected with the importance of on-line systems expected to increase considerably. Between now and 2009 a 14 per cent growth in the on-line sector of access control is expected taking it from 45 per cent of the sector to 48 per cent of the sector, representing £272m.

Sales and rental of audio/video systems, however, are forecast to show a moderate decline from 33 per cent now to 32 per cent of the access control sector in 2008. Sales of stand alone access control systems are also expected to show a slight decline.

  • The Security Equipment Market Development Report and the UK Access Market Development Report are both priced £550 and available from MBD (tel 0161 247 8600, fax 0161 247 8606).

    • Source

    Security Installer