Security Products Manufacturing
Companies in this industry manufacture electronic security and safety communications equipment such as fire and security alarms, intercoms, and vehicle and pedestrian signaling systems. Major companies include Resideo and divisions of GE Security, and Raytheon Technologies (all based in the US), as well as ASSA ABLOY (Sweden), Nippon Signal (Japan), SWARCO (Austria), and divisions of Johnson Controls (Ireland) and Siemens (Germany).
The global security products manufacturing industry is expected to generate about $60.1 billion by the end of 2024, according to the Security Industry Association. According to the International Data Incorporation (IDC), security investments spending is expected to reach $300 billion by 2026. The US and Western Europe are the largest markets, with the Asia-Pacific market as the fastest spending growth regions.
The US security products manufacturing industry includes about 330 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4 billion. Manufacturers of automatic fire sprinkler systems are not included in the industry.
Competitive Landscape
Demand is driven by residential, office, and commercial construction, as well as construction spending for highway, street, and railroad infrastructure. Profitability depends on efficient manufacturing and effective marketing. Large companies compete through advantages in economies of scale and by offering a wide spectrum of products. Small companies can compete by specializing in niche products and through superior customer service. The US industry is highly concentrated: the 50 largest companies account for about 85% of industry revenue.
Products, Operations & Technology
Major products include alarm systems (about 50% of industry revenue) and fire detection and prevention alarm systems (about 30%). Other products include
... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms