- China Electronic Security Market is expected to reach over USD 8 Billion by 2019
- Future Growth of Electronic Security Market is expected to be led by video surveillance and fire alarm systems
- The market leaders, Hikvision, Dahua and Uniview are expected to maintain focus on research and development to compete with each other in the industry.
Ken Research announced its latest publication on “China Electronic Security Market Outlook to 2019” which provides a comprehensive analysis of the various aspects such as market size of the China electronic security market, video surveillance systems market, fire alarm systems market, access control systems market and intrusion detection systems market. The segmentation has been thoroughly covered in the report by transmission and demand from end users for each product category considered in the report. The report also covers the market shares and revenues of major companies in the China electronic security market. It also covers the future outlook and projections, which have been analyzed on the macroeconomic factors that have a direct bearing on the market. The report is useful for electronic security product manufacturers, distributors, system integrators, retailers, and new players venturing in the market.
The electronic security market in China has witnessed a growth in recent years on account of rising demand from the government, banking and commercial sectors. The surge in growth is majorly originated from growth in video surveillance systems as a segment of electronic security market. The growth in this segment has been largely led by the government’s massive investment in public infrastructure development. The electronic security market in China is comprised of a few large companies such as Hikvision, Dahua, Uniview, Honeywell, Bosch and Tyco which posses a large product portfolio of electronic security products. The market also consists of several unorganized players competing on the basis of prices. The China electronic security market revenues have grown at a CAGR of ~% from 2009-2014.
According to the research report, the China electronic security market will grow at a considerable CAGR of 16.4% thus exceeding USD 8 million by 2019 due to the increasing demand from several end user segments including government, banking, commercial, industrial and residential.
“While rising disposable incomes, growing urbanization in the country and an increase in awareness regarding their security will result in increased spending on electronic security products in China, lack of consumer awareness, competition from the unorganized sector and lack of stringent government regulations are few of the major challenges which will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.
Key Topics Covered in the Report:
- Market Size by Revenue
- Market Segmentation by
- Market Structure
- Trends and Development
- Export and Import
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Analyst Recommendations
- Macro Economic Parameters
Key Products Mentioned in the Report
Video Surveillance Systems
Fire Alarm Systems
Access Control Systems
Intrusion detection Systems
Companies Covered in the Report
Hangzhou Hikvision Digital Technology
Zhejiang Uniview Technology
Honeywell China Co. Ltd.
Bosch (Shanghai) Security & Communications Systems
Ankur Gupta, Head Marketing & Communications