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RELEASED: SEPTEMBER 2008
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 2003-2007:
In 2007, sales and rental income of CCTV increased by an estimated 4% to £1147 million, representing overall growth of 14% compared with 2003. During the five year review period annual growth levels fluctuated, with a low of 1% recorded in 2004 and a high of 7% reported in 2003. Much of the growth in the market has been driven by the switch from analogue to digital CCTV and networked video solutions. The CCTV market has also benefited from increased construction output during much of the review period, in particular in the office, health and education sectors. Moreover, the commercial sector continues to provide growth opportunities for CCTV installations, as the trend of substituting manned security with CCTV remains a feature of the market. Other sectors that have also shown strong growth potential include mobile CCTV systems, automatic number plate recognition systems and algorithmic systems.
MARKET FORECAST 2008-2012:
The value of the UK CCTV systems market (including sales and rental income) is expected to increase by a moderate 1% in real terms in 2008, partly reflecting the current downturn in construction output and the slowdown in economic growth. This is expected to be followed by slightly stronger annual growth of between 2% and 3% in the following four years. By 2012, the value of the market is forecast to reach £1265 million (at 2007 prices), representing overall growth of 10% in real terms compared with 2007. The CCTV is expected to benefit form 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, retail and transport sectors.
Demand for digital and networked systems is expected to continue to be buoyant, although prices are anticipated to fall in these sectors. Further sectors of the CCTV market which are expected to show strong growth potential include remote monitoring services, rapid deployment cameras and alarm activated 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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