Electronic Security Systems Market To Exceed $44 Billion By 2010(03/18/2008)

The global security industry is extensive in its scope, covering an extremely wide range of products and services associated with the security and protection of operations, life and assets.

Sales of electronic security systems market in the United States totaled an estimated $9.4 billion in 2006, while Europe is poised to retain its dominance as the largest regional market over the years 2000 through 2010. Sales of alarms in Asia-Pacific (excluding Japan) are projected to exceed $3.8 billion in 2009. Sales of electronic access control systems in the United States are projected to grow at a compounded annual rate of 14.23 percent over the years 2000 through 2010.

Key players listed in the report include Bosch Security Systems, Chubb Security Systems, Guardian Protection Services Inc., Honeywell Security, NAPCO Security Systems Inc., PAC International Ltd. and Tyco Fire & Security, among others.