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- UK Security Equipment, Access Control and CCTV Market Report 2022
“Technological innovation promoting simplicity through providing interoperable products strategically catered to act as solutions to the COVID-19 pandemic has shielded and, in some cases, fostered growth within the industry. Refining and controlling interoperability will further safeguard demand, despite future threats from inflation and a potential recession, as businesses look to purchase security equipment that facilitates energy-efficient solutions and negates staffing costs and shortages.”
– Jack Maskell, B2B Analyst
Key issues covered in this Report:
- The growth, value, segmentation and forecast of the security equipment market.
- Trends in the security equipment market’s development and the drivers of 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.
Collapse All
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Overview
- Key issues covered in this Report
- COVID 19, inflation and the Russia–Ukraine conflict: Market context
- Products covered in this Report
-
Executive Summary
- The five-year outlook for the security equipment industry
- Figure 1: Five-year outlook for the security equipment industry, 2022-27
- Market size and forecast
- Technological innovation in response to the pandemic has ensured continued demand and a versatile platform for growth
- Figure 2: Market size and forecast for the security equipment market, 2016-26 (£ million)
- Market segmentation
- IoT technological integration has shielded CCTV and access control growth
- Figure 3: UK security equipment market value, by segment, 2017-2022 (£ million)
- Companies and brands
- Industry structure
- The five-year outlook for the security equipment industry
-
Issues and Insights
- Interoperable technology is sustaining demand for ISMS control software
- Collective control and the creating of a control mechanism of the security eco-system
- ISMSs and the opportunity for producers to expand into cybersecurity
- Security equipment is being accessed as a subscription service
- AloT integration offers traditional security equipment a hybrid-like role
- GDPR could pose a barrier for the movement of the industry into the IoT and AloT areas
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Market Size
- Technological versatility responsible for market resilience during COVID-19 and future growth
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- Figure 4: UK security equipment market size, 2017-22 (£ million)
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Market Segmentation
- Intruder and central-monitored alarms record the greatest losses over the pandemic, whilst the drive for IoT technology benefits access control and CCTV market
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- Figure 5: Security equipment market segmentation, 2017-22 (£ million)
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Market Forecast
- Five-year outlook
- Figure 6: Five-year outlook for the security equipment, access control and CCTV market, 2022-27
- UK inflation, the cost-of-living crisis and the threat of recession will be an opportunity for further market growth rather than an obstacle
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- Figure 7: Market forecast for security equipment, access control and CCTV market, 2016-26 (£ million)
- Inflation will drive technological innovation and promote the capitalisation of the physical security market
- ISMS’s share essential to maintaining future opportunities
- Shortages of key commodities involved in low-power technology could lead to industry cautiousness
- Five-year outlook
-
Market Trends
- ‘Greener’ security equipment inspires a new innovation overhaul
- Expansion into green IT can yield dividends by promoting clean products, greater financial opportunity and ensuring cost-effective solutions
- IoT software in ISMS boosts organisation and efficiency of security equipment
- AIoT is helping to expand and solve the issues of IoT
-
Market Drivers
- Controlling interoperability is driving ISMS as a necessity within the market
- Green consciousness and energy-inflation anxieties replace COVID-19 as the drive for technological innovation
- Technological innovation crafted for the pandemic is driving new demand as the pandemic wanes
-
Industry Structure
- Changes in industry structure
- Figure 8: Analysis of changes in ‘security system services’ activities, 2017-21 (number of outlets and businesses)
- Structure by employment
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- Figure 9: Analysis of the employment structure of ‘security system services’ activities, 2020 and 2021 (number of outlets, share of total)
- Structure by turnover
- Figure 10: analysis of the financial structure of ‘security system services’ activities, 2020 and 2021 (number of businesses)
- Changes in industry structure
-
Company Profiles
- ADT Fire & Security
- Recent company activity
- Financial information
- Figure 11: Financial analysis of ADT Fire & Security, 2017-21, (£ million and %)
- Honeywell Commercial Security UK
- Recent company activity
- Financial information
- Figure 12: Financial analysis of Honeywell Security Group, 2016-2020 (£ million and %)
- Hanwha Techwin Europe
- Recent company activity
- Financial information
- Figure 13: Financial analysis of Hanwha Techwin Europe, 2016-2021 (£ million and %).
- HID Corporation
- Recent company activity
- Financial information
- Figure 14: Financial analysis of HID Corporation, 2016-2021 (£ million AND %).
- Axis Communications UK
- Recent company activity
- Financial information
- Figure 15: Financial analysis of Axis Communications UK, 2016-21 (£ million and %)
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Appendix – Data Sources, Abbreviations and Supporting Information
- Abbreviations
-
Further Sources and Contacts
- Trade associations
- Trade magazines and websites
- Trade events
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