Feb. 7, 2008 - In its latest report on the world market for intruder alarms, IMS Research revealed Honeywell to be the market leader for the second consecutive year.
Paul Everett, the report author at IMS Research commented, â€œHoneywellâ€™s market presence within the intrusion industry is without doubt impressive. On a global level it currently holds the No. 1 position in 10 of the 12 product categories analysed in this report. In fact, Honeywell recorded the largest increase in market share of all suppliers in 2006.â€ According to the IMS Research report, Honeywell now commands a market share of 23.0% in a market valued at over $2.7 billion.
Honeywellâ€™s top position in the world market can be attributed to its dominant position in the Americas intrusion market, where it has more than twice the market share of its nearest competitor. However, it does not have the same market position in the Europe, Middle East & African (EMEA) and Asian markets, which are currently led by GE Security and Secom respectively. The competitive landscape of these markets is significantly more fragmented than the Americas, and the local manufacturers typically hold strong positions.