Always one of the most buoyant security sectors, access control is expected to see strong on-line growth in the next five years... but stand-alone systems will not do so well...
One of the most buoyant sectors of the security market, access control is forecast to increase by 11 per cent in real terms between now and 2011, says a new survey.
Integrated systems, advanced network systems and asset tagging systems are expected to show the strongest growth in the period, according to the survey by Market & Business Development Ltd.
Market review 2002-2006
The UK market for access control has increased in nominal terms during each year since 2002, says the MBD report. In 2005 the value of the market, including sales and rental income, increase by 5 per cent which was followed by an estimated growth of 7 per cent in 2006, taking the value to 拢630 million.Compared with 2002 this represents overall growth of 23 per cent.
The access control sector has remained one of the more buoyant sectors of security during recent years, partly due to the development of more sophisticated and higher value systems. Furthermore, demand has been generated by the heightened perceived threat of terrorism which has increased the focus on security in commercial and public buildings, says the survey.
Insurance requirements have also become more stringent in recent years, increasing demand for access control equipment.
Market forecast 2007-2011
The market is expected to demonstrate real term growth throughout the five year period up to 2011. Access control in the wider security market will continue to be buoyant and strongest growth is expected in the integrated systems, advanced network and asset tagging systems. The overall value of the market is forecast to increase by 11 per cent in real terms from 2006-2011 with annual growth levels expected to be between 2-3 per cent.
Construction of commercial and non-residential buildings will spur growth, says the report. Demand is also expected in the residential sector as flats and apartments command a large proportion of residential construction. Perceived threats of terrorist attack will increase demand in the commercial and public sector.
Online systems to 2011
Online systems are forecast to continue to gain market share over the five year period. The proportional importance of this sector is expected to increase from 46 per cent in 2006 to 48 per cent in 2011. In value terms, this sector is expected to increase by a strong 16 per cent in real terms over the five year period. It is expected to continue to benefit from technology developments and the trend towards integrating security systems, says the report.
Audio/video entry
The value of audio/video entry equipment, sales and rental income is expected to increase in each year of the five year forecast, broadly in line with the overall market development. The sector will also benefiting from the construction of flats and apartments and its proportional importance in the total access control market will likely remain stable at around 33 per cent. The overall value of the sector is expected to increase by 12 per cent in real terms, says the report.
Stand-alone systems
Sales of stand-alone systems have reached a 鈥渃ertain level of maturity鈥 and further growth opportunities are expected to remain limited. Between 2006 and 2011 sales in this sector are expected to increase by just 1 per cent in real terms.
Source
Security Installer
Postscript
The UK Access Control Market Development Report is available from MBD price 拢550. For more information go to www.mbdltd.co.uk
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