Table of Contents
Overview
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- What you need to know
- Covered in this Report
Executive Summary
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- The market
- Security equipment sector’s focus on value has been key to resilience
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- Figure 1: UK security equipment market value, 2015-19, (£ million)
- Improvements in technology drive CCTV and access control growth
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- Figure 2: Security equipment market segmentation, 2015-19*, (£ million)
- Brexit remains the sector’s main obstacle to future success
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- Figure 3: UK security equipment market value forecast, 2019-24
- Companies and brands
- What we think
Issues and Insights
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- Integration remains the key to market success
- The facts
- The implications
- Brexit has opened up opportunities but remains a major threat
- The facts
- The implications
The Market – What You Need to Know
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- Technological innovation and economic growth underpin the market
- CCTV and access control are leading the drive for integration
- Future of success hinges on Brexit
Market Size
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- Growth solidifies despite the economy’s wider challenges
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- Figure 4: UK security equipment market value, 2015-19
Market Segmentation
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- CCTV and access control lead market as innovations mature
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- Figure 5: Security equipment market segmentation, 2015-19*, (£ million)
Market Forecast
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- Post-Brexit trade disruption is the biggest barrier to future success
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- Figure 6: UK security equipment market value forecast, 2020-24, (£ million)
The Impact of the Economy
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- Number of businesses rebound from 2018
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- Figure 7: Number of UK businesses and outlets, 2015-2019
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- Figure 8: UK quarterly GDP, 3 month rolling average, Q1 2015 – Q3 2019, (% quarterly change)
- Recovery of business confidence and investment necessary to boost growth
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- Figure 9: ICAEW UK Business Confidence Index, 2013 Q3 - 2019 Q4, (index)
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- Figure 10: UK business investment excluding exceptional transfers, Q3 2015 – Q3 2019, (£ million, CVM SA)
Market Trends
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- Security equipment could be the anchor of the smart home revolution
- International competition sharpens contrast between price and quality
Market Drivers
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- Police workforce numbers start to rise
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- Figure 11: Total police workforce, police officers* and police staff numbers, England and Wales, 2009-2019**, (number of personnel)
- Responses to crime
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- Figure 12: Index of the number of offences and number of charges/summonses in England and Wales, selected crimes, 2015-19, (number)
- Customer theft accounts for the majority of recorded crimes against businesses
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- Figure 13: Crimes against businesses, by type, 2018, (incidents per 1,000 premises)
- Incidence by sector
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- Figure 14: Crimes against businesses, by type and business industry, excluding thefts, 2018, (number of incidents per 1,000 premises)
- Thefts in the wholesale and retail sector
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- Figure 15: Incidents of theft in the Wholesale and retail sector, 2012-18, (incidents per 1,000 premises)
- The cost of business crime and its prevention
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- Figure 16: Value of items stolen/unpaid items in all incidents of shoplifting experienced by each victim in the 12 months prior to interview, 2012-18, (£)
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- Figure 17: Proportion of premises experiencing anti-social behaviour by sector and impact, 2016-18, (% of premises)
- New construction orders shrink but areas of growth are positive for security equipment sector’s success
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- Figure 18: new construction output by type of work, Great Britain, 2014-18
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- Figure 19: Changes in construction output by type of work, top and bottom three, 2014 versus 2018, (% change)
Companies and Brands - What You Need to Know
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- Brexit headwinds appear to have little effect on growth in businesses and outlets
- Innovation driven by collaboration and long-term partnerships
Industry Structure
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- Changes in industry structure
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- Figure 20: Analysis of the changes in security system activities, number of businesses and outlets, 2015-19
- Structure by employment
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- Figure 21: Analysis of the employment structure of security system activities by employment band, 2018 and 2019, (number of outlets)
- Structure by turnover
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- Figure 22: Analysis of the turnover structure of security system service activities, 2018 and 2019, (number of businesses)
Company Profiles
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- ADT Fire & Security
- Recent company activity
- Financial information
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- Figure 23: Financial analysis of ADT Fire and Security Plc, 2014-18
- FLIR Systems Ltd
- Recent company activity
- Financial information
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- Figure 24: Financial analysis of FLIR Systems Ltd, 2014-18
- Hanwha Techwin Europe Ltd
- Recent company activity
- Financial information
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- Figure 25: Financial analysis of Hanwha Techwin Europe Ltd, 2014-18
- HID Corporation Ltd
- Recent company activity
- Financial information
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- Figure 24: Financial analysis of HID Corporation Ltd, 2014-18*
- Secom Plc
- Recent company activity
- Financial information
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- Figure 25: Financial analysis of SECOM Plc, 2014-18
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- Trade magazines
- Trade events
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