Featuring supplier news, product launches, events, our own articles, and more, read our Fire & Security industry news round-up for the week ending 09/09/16
Fire & Security industry news round-up for the week ending 09 September 2016
Surveillance domination in thermal imaging market
According to the latest report prepared by MarketsandMarkets, the thermal imaging market is expected to reach $10.27 billion by 2021 (comparing to $7.71 it’s worth in 2016; at the CAGR of 5.9%) and the surveillance sector is estimated to play the biggest part in its growth. Thermal imaging cameras are primarily deployed by military and defence for border patrol and border security. There are also being more popular within utomotive sector to reduce the risks in driving, especially at night. The largest market share is predicted to belong to North America.
(Security World Hotel, 08/09/2016)
The Outstanding Security Performance Awards nominations
Nominations are open for the 2017 UK OSPAs. The Outstanding Security Performance Awards (OSPAs) recognise and reward companies and individuals across the security sector. The awards are are given in 8 categories and are open to anyone, and you don’t have to be a member of an organisation or association to enter. Nomination deadline is on November 15,2016 and the ceremony will take place at the London Marriott Hotel Grosvenor Square on March 2,2017.
(Professional Security Magazine, 06/09/2016)
BFSI Security Market growth
Banking, Financial services and Insurance (BFSI) Security Market is going to hit almost $49 billion by 2021 as predicted by the specialists from MarketsandMarkets. In 2016 the market is worth £30.23 billion and is growing at the compound annual growth rate of 10.1% during the forecast period. “This growth can be attributed to the increasing adoption of cloud-based security solutions, enforcement of regulatory security compliance, and the increasing risk of cyber threats against BFSI infrastructure.”
(PR Newswire, 08/09/2016)
Mega merger complete
A newly formed Johnson Controls (NYSE:JCI) begins operations today following the successful completion of its merger with Tyco announced at the beginning of the year – “We are more than just two businesses that have come together – we are now one team uniquely positioned to create value.” said the CEO of Johnson Control. As previously announced, Johnson Controls’ automotive business is still on schedule to spin off into an independent company, known as Adient, on Oct. 31, 2016.
(Security News Desk, 09/09/2016)
Smart Glass Market to hit £8.13 billion by 2022
Latest report published by MarketsandMarkets predicts that Smart Glass Market will grow from $2.34 billion in 2015 to $8.13 billion by 2022, at a CAGR of 19.2% during the forecast period with APAC region being the fastest-growing market. The automotive sector under the transportation segment is the leading consumer of smart glass products.
(PR Newswire, 08/09/2016)