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, 2013
The Security Industry Association (SIA) has selected Rep. Michael McCaul (R-Texas) to serve as a keynote speaker at its 2013 Government Summit, scheduled for June 4-5 at the W Hotel in Washington.
May 16, 2013
In response to last month’s Boston Marathon bombings, Will Electronics will host the Citywide Surveillance Expo to discuss the role public surveillance plays in identifying and apprehending perpetrators.
May 13, 2013
In an effort to collaborate and share knowledge with customers, partners and governments on how to solve energy and sustainability challenges, Schneider Electric will launch the Xperience Efficiency series next month.
May 9, 2013
In an effort to help increase security for the Indianapolis 500 and the OneAmerica 500 Festival Mini-Marathon, the owners of Koorsen Fire & Security (KFS) and Koorsen Security Technologies (KST) have donated a $20,000 mobile security camera system to the city of Indianapolis.
May 9, 2013
With the goal to deter crime in certain areas, as well as capture video of criminal activity, the Dauphin County Crimes Task Force will install 10 wireless cameras throughout this city.