2021
9
UK Security Equipment, Access Control and CCTV Market Report 2021
2021-03-12T03:50:23+00:00
OX1042427
1495
135504
[{"name":"Services","url":"https:\/\/store.mintel.com\/industries\/business-industrial\/services"}]
Report
en_GB
"The security equipment market continues to strengthen despite weak economic growth and business investment in recent years. COVID-19 brought major disruption, but the integrated nature of the sector’s products, and…

UK Security Equipment, Access Control and CCTV Market Report 2021

£ 1,495 (Excl.Tax)

Description

Providing the most comprehensive and up-to-date information and analysis of the Security Equipment, Access Control and CCTV market, including the behaviours, preferences and habits of the consumer.

While many markets saw a decline during the 2020 COVID-19 pandemic, the security market saw a slight increase, with the sector growing by 2.3% despite the disruption. Only security alarms saw a decrease in sales due to a drop in demand, while the demand for technology integration, connectivity, AI, and thermal imaging equipment rose and helped keep the market resistant.

The adoption of next-generation security systems and the replacement of legacy systems with newer, interoperable technology has been a long-term market driver, and the sudden move to working from home has accelerated that. This goes alongside the growing international competition and uncertainty from Brexit.

The current market is predominantly made up of small independent companies, with 90% of outlets registering around nine employees each. These small companies are also supplying the increased demand for bespoke technological services, improving the integration of devices.

The value of the sector is predicted to rise by 26% between 2021 and 2025, increasing to £1.4 billion. This report explores how the market has handled the disruption caused by the COVID-19 pandemic, as well as the future potential for brands and businesses.

Read on to discover more details or take a look at all of our Technology and Telecoms market research.

Quickly understand

  • The impact of COVID-19 on the security equipment market.
  • Growth, value, segmentation and forecast of the security equipment market.
  • Trends in the security equipment market’s development and the drivers of its growth.
  • Analysis of the industry, employment and financial structure of the security equipment market.
  • Profiles of key companies in the market and their recent activity.

Covered in this report

Brands: ADT Fire & Security, New Tech Security, FLIR Systems, Hanwha Techwin Europe, HID Corporation, Secom.

Expert analysis from a specialist in the field

Written by Francesco Salau, a leading analyst in the B2B sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.

The security equipment market continues to strengthen despite weak economic growth and business investment in recent years. COVID-19 brought major disruption, but the integrated nature of the sector’s products, and its relation to facilities management and construction, helped minimise losses. In some cases, the market has benefited, including from demand for AI and thermal imaging technology as tools to enforce social regulation compliance at workplaces and venues. Overall, the pandemic has accelerated existing trends, driving further development in favour of greater interoperability and interconnectivity.

Francesco Salau
B2B Analyst

Table of Contents

  1. Overview

    • Key issues covered in this report
    • Economic and other assumptions
    • Products covered in this Report
  2. Executive Summary

    • Impact of COVID-19 on the security equipment market
      • 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
      • Figure 2: Market size and forecast for the UK security equipment market, 2016-25, (£ million)
    • Market segmentation
      • Figure 3: Security equipment market segmentation, 2016-20, (£ million)
    • Companies and brands
    • Industry structure
    • Company profiles
  3. Issues and Insights

    • COVID-19 is amplifying the utility of next-generation security systems
    • Johnson Controls and Microsoft’s partnerships highlights the future of security system integration
  4. The Market – Key Takeaways

    • 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
  5. Market Size

    • Preparation for an integrated future and responses to COVID-19 support the security market’s resilience
      • Figure 4: Short-, medium- and long-term impact of COVID-19 on the security equipment market, 22 February 2021
      • Figure 5: UK security equipment market size, 2016-20, (£ million) (prepared on 22 February 2021)
  6. Market Segmentation

    • Impact of COVID-19 on small business puts the squeeze on intruder alarms
      • Figure 6: Security equipment market segmentation, 2016-20, (£ million)
  7. Market Forecast

    • Digital transformation will sustain growth as new technology becomes increasingly accessible
      • Figure 7: UK security equipment market forecast, 2020-25, (£ million)
  8. Market Trends

    • Technical and digital transformation requires more open platforms
    • Next-generation functionality is key to the industry’s future value
    • Artificial intelligence
    • Biometrics
  9. Market Drivers

    • Responses to COVID-19
    • Demand for interoperability is driving investment into next-generation equipment
  10. Companies and Brands – Key Takeaways

    • 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
  11. Industry Structure

    • Changes in industry structure
      • Figure 8: Analysis of changes in ‘security system service’ activities, 2016-20, (number of outlets and businesses)
    • Structure by employment
      • Figure 9: Analysis of the employment structure of ‘security system service’ activities, 2019-20, (number of outlets)
    • Structure by turnover
      • Figure 10: Analysis of the financial structure of ‘security system service’ activities, 2019-20, (number of businesses)
  12. Company Profiles

    • ADT Fire & Security
    • Recent company activity
    • Financial information
      • Figure 11: Financial analysis of ADT Fire & Security, 2015-19, (£ million and %)
    • FLIR Systems
    • Recent company activity
    • Financial information
      • Figure 12: Financial analysis of FLIR Systems, 2015-19, (£ million and %)
    • Hanwha Techwin Europe
    • Recent company activity
    • Financial information
      • Figure 13: Financial analysis of Hanwha Techwin Europe, 2015-19, (£ million and %)
    • HID Corporation
    • Recent company activity
    • Financial information
      • Figure 14: Financial analysis of HID Corporation, 2015-19, (£m and %)
    • Secom
    • Recent company activity
    • Financial information
      • Figure 15: Financial analysis of Secom, 2015-19, (£m and %)
  13. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
    • Methodology
  14. Further Sources and Contacts

    • 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

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

Below is a sample report, understand what you are buying.

Click to show report
2024 Sample Consumer Cover

Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

Trusted by companies. Big and small.

Want to speak to us directly?

Contact us with your enquiry and our expert global team can help.

Get in touch