Report: Perimeter Security Sensor Market to Surpass $440 million by 2014
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.
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