UK CCTV market grows 5.7% to £560m

Story link: UK CCTV market grows 5.7% to £560m by Jan Harris

According to the Closed Circuit Television Market Report 2007, the total UK market for the design, supply, installation and maintenance of CCTV systems is estimated to have grown 5.7% in 2006 to £560m at end-user prices, excluding the cost of monitoring.

Video surveillance, including traffic monitoring, accounts for the majority of the market.

The continued threat of terrorism is driving demand for CCTV for public security reasons although there is also growing interest in CCTV for the home.

Cheaper products from countries where labour costs are low has put downward pressure on prices, although this has been offset by the trend for customers to invest in more advanced technology.

A larger section of the market is devoted to extending and upgrading existing networks, and integrating different security systems. Equipment to facilitate this integration is in high demand.

There is also strong demand for Internet-protocol (IP) network cameras, with the move to digital recorders well advanced.

Between 2007 and 2011, the market is expected to grow by between 3.9% and 4.1% year-on-year at current end-user prices.