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RELEASED: MARCH 2010
After researching the UK CCTV market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2005-2009:
In 2009, the value of the CCTV market increased by an estimated 1% to £1181 million, consolidating growth of 2% recorded in the previous year. Prior to that slightly stronger growth of 5% and 4% was recorded in 2006 and 2007 respectively. Overall, the value of the market is believed to have increased by a cumulative 12% in nominal terms between 2005 and 2009. The more moderate development in the latter part of the review period is a result of the economic downturn, tighter credit availability, lower levels of business investment and reduced construction output, in particular in the private commercial sector. Overall growth in the market has been driven by the switch from analogue to digital CCTV and networked video solutions during recent years. The CCTV market has also benefited from increased construction output up to 2008, in particular in the office, health and education sectors. Other sectors that have also shown strong growth potential include mobile CCTV systems, automatic number plate recognition systems and algorithmic systems. During 2008 and 2009, demand was also driven by continued public investment in a number of sectors. most notably the health and education sectors, where spending has remained strong during the downturn.
MARKET FORECAST 2010-2014:
The value of the UK CCTV systems market (including sales and rental income) is anticipated to increase throughout the five year forecast period up to 2014, with annual growth levels expected to fluctuate between 1% and 4% in real terms. Overall, the value of the market is expected to increase by a cumulative 12% in real terms between 2009 and 2014. In the short-term, the CCTV market is expected to benefit from increased demand for public security generated by the London 2012 Olympics. The need to tighten security in public areas is also likely to boost demand from the Government and transport sectors. However, there are increased uncertainties regarding public spending over the coming years, as spending cuts will be inevitable, regardless of which party will be in power.
Demand for digital and networked systems is expected to continue to increase over the next five years. Hybrid systems, which allow digital IP enabled technology to be added to existing analogue systems, thus providing a more cost-effective option, are expected to show the strongest growth potential over the next five years. Further sectors of the CCTV market which are expected to show strong growth potential include remote monitoring services, rapid deployment cameras, alarm activated systems, and mobile CCTV systems. However, intense price competition and increased import penetration from low cost manufacturers at the lower end of the market are expected to continue to be features of the CCTV market.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK CCTV Market Research Report
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