The development trend of China's security market in 2021

China's security industry has maintained a momentum of rapid growth. Industrial technology, consumer markets, and corporate brand building have all been rapidly improved, and the industrial connotation has gradually expanded, forming an industry integrating R&D, manufacturing, construction, integration, operation, and sales services. Chain, access control, physical protection, anti-theft alarm, explosion-proof security inspection, entrance, and exit access control systems, and other systems are fully developed. At present, China has become one of the most important security access control markets in the world, and it is also the world's largest manufacturer of security access control products. Data show that the total revenue in the chinese access control market in 2016 was about 6.4 billion U.S. dollars. According to forecasts, the chinese market will be about 10.2 billion U.S. dollars in 2020, and the average annual compound growth rate is expected to be about 12%.

Industry development trend

　　 1. The security industry will continue to maintain rapid development

The security industry is closely related to the level of economic development, technological development, residents' security awareness, and the international anti-terrorism situation. With economic development and technological advancement, the demand for social public security protection is increasing, security awareness is gradually increasing, and the rapid economic development of developing countries and regions, the accelerated urbanization process, and other factors have promoted the security industry worldwide. Especially developing countries will continue to maintain rapid development.

2. Market applications continue to expand in depth and breadth

With the continuous development of the security industry, traditional security fields such as finance, public security, transportation, telecommunications, and other applications will be more in-depth; emerging application fields such as education, health care, safety production, etc. are growing rapidly, and civilian fields such as smart buildings, communities, Resident security applications are also growing rapidly, and the personalized needs of users have become an important growth point. Market applications are gradually extending from developed countries to developing countries, from first-tier cities to second-and third-tier cities and rural areas, and market demand is gradually expanding.

3. Industry concentration continues to increase

In recent years, the security access control industry has seen the development trend of reorganization, merger, and joint development. The integration of technology, brand, and capital will be deeper. The cooperation between enterprises has expanded from products and channels to the level of capital and brand, and the industry is concentrated. Accelerated increase in market share and further concentration of market share to mainstream enterprises. Many small and medium-sized manufacturers are gradually being merged and acquired by mainstream companies or eliminated by the market due to a lack of sustained competitive strength.

4. Technological innovation has become the core competitiveness of enterprises

After years of development in the security access control industry, market competition has become more standardized and transparent, and the direction of competition has gradually shifted to product innovation and all-around rational competition in performance, quality, brand, and service. Technological changes and product upgrades continue to expand and extend the application space of security video surveillance systems. The technologies and concepts of the Internet of Things, cloud computing, and big data continue to penetrate the security video surveillance industry, which makes technological innovation the most important factor in competitiveness. The differentiated and customized needs of customers in different industries have also prompted companies to continuously enrich their product lines and focus on technological innovation. The competitiveness and influence of security companies that master core technologies in the industry chain will be further strengthened.

5. The consumer market and the focus of R&D and production continue to shift to the Asia-Pacific region represented by China

In recent years, the rise of domestic chips has gradually grown and entered the mainstream market, reducing the production cost of the entire industry and promoting the development of the security access control industry. Since 2015, the size of the Chinese access control market has reached more than 40% of the world's total, becoming the world's largest consumer market for security video surveillance. The domestic access control market will continue to maintain rapid growth, and its importance and influence in the security industry will continue to increase.

Author: Written by S4A-Access from S4A INDUSTRIAL CO.,LIMITED