Expect to see strong growth for security alarm systems over the next four years.
That's the general message from market research publisher SBI, which recently announced forecasting for the alarm market in its report "U.S. Market for Alarm Systems". SBI's research indicated that the alarm industry will be doing roughly $19.6 billion in business by the year 2011. That's up from $17.5 billion in 2006, says SBI.
That $2.1 billion growth, according to the research firm, lines up with advances in new technologies and heightened "end-user awareness and interest in security." SBI stressed that the industry was expanding quickly beyond the standard equipment of basic fire and intrusion detection.
This shifts the industry away from its 2006 downturn, when the market saw a 2 percent decline, from $17.8 billion in 2005 to $17.5 billion in 2006. What's going to shape the future, say SBI researchers, is that traditional alarm devices no longer are isolated, but can work with more technologies and systems.
"The security and safety industry now has a great opportunity to explore alternative product and service channels that share technological and service touch-points outside of fire and intrusion," said SBI report editor Cathy Minkler. "These touch-points include indoor and outdoor lighting, high- tech home entertainment, broadband services, and independent living services for the infirm or aging."
The full report, which can be found on MarketResearch.com, has more complete data on unit shipment numbers, crime and fire statistics, and more information relative to the U.S. alarm systems market.