This week in our Fire & Security industry news round-up we cover growth in Global Physical Products sales, a smoke alarm playing a recording of mother’s voice, how lone worker technology can save millions in public funds and more…
Global Physical Security Product Sales are growing
According to the latest research by Memoori, the total value of world production of Physical Security products at factory gate prices in 2018 was approximately $31.55Bn, and the market is forecast to reach $44.25Bn in 2023 at a CAGR of 7.2% over the next 5 years. We estimate that China accounts for approx. 31% of the worlds physical security business. However very little of this vast expanding market has been of benefit to western manufacturers as they have failed to establish a solid business base and significant market share in China. The report also shows that in 2018, mergers and acquisition activity in Physical Security totaled $7.33Bn (16% up), which looks like the start of a new wave of growth.
The success of wireless access control
‘The Wireless Access Control Report 2018’ shows continued growth for wireless vs. wired solutions, but why are security and facility managers ‘cutting the wires’? “Firstly, removing the need to cable every door makes it much easier and more economical to bring many more doors into your access system, allowing wireless technology to upgrade your building’s security in an instant; Secondly, the energy efficiency of wireless doors delivers significant cost savings.” Integration is also an important growing trend. “Because most users value real-time access they appreciate how intuitive it is to manage this integrated solution.”
(Security World Market, 30/10/2018)
A smoke alarm playing a recording of a mother’s voice
In a study published in the Journal of Paediatrics, researchers from the Center for Injury Research and Policy and the Sleep Disorders Center at Nationwide Children’s Hospital in the United States found that a sleeping child was about three times more likely to be awakened by a smoke alarm playing a human voice than one with a regular tone. The alarms using the mother’s voice awakened 86-91% of children and prompted 84-86% to “escape” from the bedroom, compared with 53% awakened and 51% escaped for the tone alarm. “These new findings put us one step closer to finding a smoke alarm that will be effective for children and practical for parents.”
(IFSEC Global, 30/10/2018)
Mobile biometric authentication anytime, anywhere
MarketsandMarkets latest report predicts that mobile biometrics market will reach US$49.3 billion by 2022. Growth is attributed to the growing penetration of mobile devices and increase in mobile transactions. Additionally, advances in battery and camera technology are also contributing to the development of better mobile biometric devices. For law enforcement and border control agencies, the use of mobile biometric devices is experiencing significant growth. Its ability to provide a convenient and secure way to identify persons at anytime, anywhere is not only contributing to public safety and security, but is also increasing effectiveness and efficiency.
Lone worker technology can save millions in public funds
Citing the Metropolitan Police, the typical cost of responding to a false alarm is £150, but with the implementation of lone worker systems across a variety of organisations, such as the NHS, local councils, housing associations, small to medium enterprises (SMEs), it is estimated that nationally these systems have saved the taxpayer £60m in the past 12 months alone. “At a time when security concerns, health and safety and police budget cuts are prevalent, the use of BS 8484 accredited systems is playing a significant role in reducing costs and ensuring greater safety to both the public and the lone worker community.”
(Security World Market, 30/10/2018)
Our weekly fire and security news round-up regularly feature supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the fire & security sector collated by our team of fire & security recruiters.
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