Study Reveals U.S. Electronic Security Shipments to Grow 10% Through 2006
CLEVELAND — A recent study from The Freedonia Group of Cleveland states that shipments of electronic security systems will marginally outpace sales growth. Shipments are expected to rise 10 percent annually to $11.4 billion in 2006.
According to the study, “Electronic Security: Products & Systems,” this growth will be propelled by heightened security awareness as a result of the Sept. 11 attacks, anthrax mailings, government agencies and the air travel industry, to name a few. Office buildings and other high-profile targets are also expected to invest heavily in new protective measures.
Some of the primary high-technology electronic security modalities expected to be shipped are bomb detectors, CCTV cameras, and access control and biometrics equipment.
While the federal government will invest heavily in airport security measures (trace detectors, explosive detection), gains in the retail sector will concentrate on CCTV and EAS systems. And, industrial and medical construction will invest in biometric and smart card-based systems, according to the study. To find out more, visit www.freedoniagroup.com.
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