AUSTIN, Texas -- A new report by IMS Research forecasts the world market for perimeter security sensors will exceed $440 million by 2014. The market growth is expected to be primarily driven by proposed legislation in Europe and security needs at chemical, biological, radiological and nuclear plants (CBRN). Chemical facility anti-terrorism standards (CFATS) in the United States, along with airport and nuclear power plant expansion across Asia will also drive growth, according to the report.
The "World Market for Perimeter Security Equipment" study states that the perimeter security market can be described in terms of cabled and non-cabled sensors.
"The preference toward non-cabled or cabled sensors in the Americas and EMEA [Europe, Middle East and Africa] regions is often a price consideration," says Blake Kozak, a market analyst who authored the report. "To complicate matters further, each environment and application within which perimeter sensors are used varies enormously. This unpredictability is leading to major opportunities for perimeter equipment suppliers."
The research agency estimates non-cabled sensors to account for the largest portion of perimeter sensor revenues with an estimated 63.9 percent share of the market in 2010.
"While non-cabled sensors provide a more covert form of detection, a line of demarcation is still required. This suggests that neither market will cannibalize the other," Kozak says.
Other Recent News
May 21, 2012
The Hard Rock Hotel and Casino Albuquerque has selected Surveillance Systems Integration (SSI) to migrate the hotel’s analog security system to IP video.
May 16, 2012
SafeMart Home Security, based here, will extend its service capabilities with the addition of Verizon Wireless as a network service provider for its wireless home security systems.
May 11, 2012
The Security Industry Association (SIA) has tapped New York Times best-selling author Brad Thor to serve as keynote speaker during its 2012 Government Summit, scheduled for June 19-20 in Washington.
May 11, 2012
In an effort to enhance communication with customers, partners, prospects and industry experts, Datacard Group, a secure ID and card personalization solutions provider, has launched a new corporate blog.
May 8, 2012
Welcome back to SECURITY SALES & INTEGRATION's "Security Speaking" podcast! Here, Editor-in-Chief Scott Goldfine talks to Deborah Hansen, false alarm reduction coordinator for the city of Naperville (Ill.) Police Department at the False Alarm Reduction Association (FARA) Symposium in Albuquerque, N.M.