Brazilian electronic security market is seen to maintain its annual growth rhythm at 15 pct also in 2007, according to an estimate of Brazilian Association of Electrical and Electronic Industry (Abinee), released on May 1, 2007.
The sector's annual turnover stands at an average of $1.1 bln (810 mln euro). The sector includes producers of alarms, biometric equipment, Closed Circuit Television (CCTV) and control on access. The sector comprises some 300 companies, which invest considerably in intelligent monitoring systems, among others.
According to Paulo Alvarenga of Abinee, this market is relatively new and not consolidated and therefore the sector companies register considerable rises in their results. There is a lack of domestic production of such items and large domestic demand, which makes Brazilian companies to export less than 5.0 pct of their production, Alvarenga declared.
Brazil's Priel Metal Detector, an electronic security solutions developer, registered a 15 pct year-on-year rise to 2.5 mln Brazilian reais ($1.23 mln/905,000 euro) in its 2006 sales. The company develops electronic security solutions for the public sector. In October 2006, the company closed an agreement with Sao Paulo's Penitentiary Administration Secretariat (SAP), linked to Sao Paulo's Government. Now, the company plans to boost the share of its exports to 12 pct from 5.0 pct now. Currently, Priel Metal Detector exports to Mexico, Argentina, Uruguay, Chile and Iran.
The highlight in this segment is the CCTV, followed by the biometric equipment. Another technology that is seen to register considerable growth in future is the electronic monitoring.