The i & i – Proplan report predicts that in the seven years to 2025 the Chinese market will double in size again, dwarfing European and North American outputs.
In the last five years several Chinese manufacturers have emerged in market-leading positions, particularly in the area of digital video surveillance. The country’s electronic security market was worth over GB pound 855m last year, with CCTV far outstripping the access control and intruder alarm markets.
Researchers say the unprecedented growth in the CCTV market is down to fear of crime and the increased construction in the country, particularly in the commercial and industrial sectors.
As part of the Chinese government’s 11th five-year-plan, new public security programmes were introduced. One of these, the Safe City Scheme, has apparently given a huge boost to the sales of security systems and is expected to encourage further growth as it continues to be rolled out across the country.
Building a solid commercial base in China is said to have become much easier since the country joined the World Trade Organisation in 2001.
Despite the security boom forecast in China between now and 2018, it is thought that it will still only have a penetration of 25% of the world’s most developed markets.
