Table of Contents
Executive Summary
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- Impact of COVID-19 on the security equipment market
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- Figure 1: Short-, medium- and long-term impact of COVID-19 on the security equipment market, 22 February 2021
- The market
- Market size and forecast
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- Figure 2: Market size and forecast for the UK security equipment market, 2016-25, (£ million)
- Market segmentation
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- Figure 3: Security equipment market segmentation, 2016-20, (£ million)
- Companies and brands
- Industry structure
- Company profiles
Issues and Insights
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- COVID-19 is amplifying the utility of next-generation security systems
- Johnson Controls and Microsoft’s partnerships highlights the future of security system integration
The Market – Key Takeaways
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- COVID-19 slows growth but demand for newer technology adds to market resilience
- Intruder alarms hit by small business closures
- Digital transformation will drive security equipment market to £1.4 billion by 2025
Market Size
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- Preparation for an integrated future and responses to COVID-19 support the security market’s resilience
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- Figure 4: Short-, medium- and long-term impact of COVID-19 on the security equipment market, 22 February 2021
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- Figure 5: UK security equipment market size, 2016-20, (£ million) (prepared on 22 February 2021)
Market Segmentation
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- Impact of COVID-19 on small business puts the squeeze on intruder alarms
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- Figure 6: Security equipment market segmentation, 2016-20, (£ million)
Market Forecast
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- Digital transformation will sustain growth as new technology becomes increasingly accessible
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- Figure 7: UK security equipment market forecast, 2020-25, (£ million)
Market Trends
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- Technical and digital transformation requires more open platforms
- Next-generation functionality is key to the industry’s future value
- Artificial intelligence
- Biometrics
Market Drivers
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- Responses to COVID-19
- Demand for interoperability is driving investment into next-generation equipment
Companies and Brands – Key Takeaways
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- Number of businesses entering sector supported by adoption of next-gen security equipment
- Social distancing compliance raises the value of AI-enhanced products and the industry is in position to benefit
Industry Structure
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- Changes in industry structure
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- Figure 8: Analysis of changes in ‘security system service’ activities, 2016-20, (number of outlets and businesses)
- Structure by employment
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- Figure 9: Analysis of the employment structure of ‘security system service’ activities, 2019-20, (number of outlets)
- Structure by turnover
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- Figure 10: Analysis of the financial structure of ‘security system service’ activities, 2019-20, (number of businesses)
Company Profiles
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- ADT Fire & Security
- Recent company activity
- Financial information
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- Figure 11: Financial analysis of ADT Fire & Security, 2015-19, (£ million and %)
- FLIR Systems
- Recent company activity
- Financial information
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- Figure 12: Financial analysis of FLIR Systems, 2015-19, (£ million and %)
- Hanwha Techwin Europe
- Recent company activity
- Financial information
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- Figure 13: Financial analysis of Hanwha Techwin Europe, 2015-19, (£ million and %)
- HID Corporation
- Recent company activity
- Financial information
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- Figure 14: Financial analysis of HID Corporation, 2015-19, (£m and %)
- Secom
- Recent company activity
- Financial information
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- Figure 15: Financial analysis of Secom, 2015-19, (£m and %)
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- Big Brother Watch
- British Security Industry Association
- National Security Inspectorate
- Security System & Alarms Inspection Board
- Trade magazines
- International Fire & Safety Journal
- International Security Journal
- Professional Security
- PSI
- Security Journal United Kingdom
- Trade events
- FIREX International
- IFSEC International
- Security & Policing 2021 (Home Office Event)
- The Security Event
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