The UK market for access control (including sales and rental income) was estimated to have increased by 6 per cent in nominal terms, this year taking the value to a high of GB pound 657 million, says the latest market report.
This follows annual growth of between 5 and 7 per cent recorded in the previous three years, according to Market & Business Development.
Access control has remained one of the most buoyant sectors of the electronic security market during recent years. This is mainly due to the development of more sophisticated and higher value systems, says the report.
“Demand has been generated by the heightened perceived threat of terrorism, which has increased the focus on security in commercial and public buildings. Insurance requirements have also become more stringent in recent years, increasing demand.”
Growth will oscillate
The UK market is forecast to demonstrate growth in real terms throughout the five year forecast period up to 2012.
“Annual growth levels are expected to oscillate around 3 per cent in real terms, except for 2010, when more moderate growth of 1 per cent is predicted.
“In 2012, the value of the market is forecast to reach GB pound 738m at 2007 prices, representing overall growth of 12 per cent in real terms compared with the current year.
“Access control equipment and systems are also expected to continue to be one of the most buoyant areas of the wider security alarms and systems market. The market is expected to benefit from the continued trend towards integrated solutions and advanced networked systems.”
Online systems increase
The value of the online systems sector is forecast to increase throughout the five year forecast period up to 2012, says the report.
Its proportional importance to the total access control market is also expected to further increase, rising from an estimated 47 per cent during the current year to 50 per cent by 2012. In value terms, the sector is forecast to increase by a cumulative 18 per cent in real terms over the five year forecast period. The online sector is expected to continue to benefit from technological developments and the trend towards integrating security systems.
Audio/Video grows
The value of audio/video entry equipment sales and rental income is also expected to increase in each year of the five year forecast period. However the share of the sector to the total market is expected to remain relatively consistent at around 34 per cent. Between the current year and 2012 the value of the sector is projected to increase by 12 per cent in real terms, reaching an estimated GB pound 252.7m at 2007 prices.
“The sector is anticipated to continue to benefit from the high share accounted for by flats and apartments in total residential construction.”
Stand Alone declines
Sales of stand alone systems have “reached a certain level of maturity, thus growth opportunities are expected to remain limited in this sector,” says the report. “Indeed, between 2007 and 2012, sales in this sector are expected to decline by 5 per cent in real terms.”
Enjoy the latest fire and security news, updates and expert opinions sent straight to your inbox with IFSEC Insider's essential weekly newsletters. Subscribe today to make sure you're never left behind by the fast-evolving industry landscape.
Sign up now!
