security technology market Top security companies increase their lead The market share of the top 15 security equipment and services companies accounted for 21.4 percent of the equipment and services market in 2014, growing to 23.1 percent in 2015. According to the latest IHS Markit Physical Security Equipment and Services Report, these leading security companies will further increase their market share in 2016. Englewood, Co (USA) The threat detection systems market is led by the demands from objects related to the public infrastructure, such as as railway stations, airports, sport stadiums, shopping malls, to mention a few. The main findings of the report show that the combined equipment and services market was estimated to be $123.67 billion for 2015 and as the physical security market continues to consolidate, Tyco International was the largest supplier to the equipment and services market in 2015, comprising 3.8 percent of the market, followed by ADT at 2.9 percent, and the biggest mover, Hikvision at 2.5 percent. The equipment market consists of video surveillance, access control, intruder alarms, entrance control, consumer video surveillance, mobile video surveillance and body-worn cameras, and enterprise storage. The services market consists of access control as a service (ACaaS), video surveillance as a service (VSaaS), remote monitoring services, and security systems integration. Oliver Philippou, IHS Markit analyst points out that it is important to note that this market share estimate does not include mergers and acquisitions that have taken place in 2016, such as the merger of Tyco with Johnson Controls, the acquisition of Diebold’s North American electronics security business by Securitas, the acquisition of ADT by Apollo Global Management and merger with Protection 1 and ASG Security. These three deals will further expand the market share of the top 15 security companies. However, it is not just largescale acquisitions that are concentrating supply. Chinese firms like Hikvision and Dahua Technology have continued to grow much faster than the market average, not only in their domestic market but internationally too. Part of their success has been down to offering products at lower prices than their competitors. In addition, single-product suppliers are increasingly being challenged by solution providers offering pre-integrated products. Integrators are increasingly leveraging single-vendor solutions to reduce installation costs and focus on the more profitable service and maintenance contracts. Video surveillance drives threat detection systems market The threat detection systems market is expected to grow from USD 48.38 Billion in 2015 to reach USD 119.17 Billion by 2022, at a CAGR of 13.11% between 2016 and 2022, according to the latest information published by Marketsandmarkets. Hadapsar, India Increasing threat of terrorist activities, rising territorial conflicts, and geopolitical instabilities have led to the rise in the demand for threat detection systems. Also, increasing need for large-scale surveillance systems at public and commercial places is driving the demand for threat detection equipment Video surveillance systems are cited as being expected to lead the overall threat detection systems market during the forecast period and are expected to grow at the highest rate between 2016 and 2022. Increasing need for reconnaissance at commercial places, industry premises, and public avenues is one of the prime factors which is leading the demand for video surveillance systems. Video surveillance recordings are also used for the investigation purposes in many crime scenarios which is also driving the market for video surveillance systems. The analysts suggest that the threat detection systems market is led by the public infrastructure which for purposes of the report has been further segmented into airports, railway stations, sports stadiums, shopping malls, pilgrimages, and others. The high demand for threat detection devices from airports and shopping malls, especially for explosive detectors, video surveillance systems, and biometric systems, is one of the major factors driving the growth of the threat detection systems market for the public infrastructure application. The commercial sector is the second-largest market and the threat detection systems market for the commercial sector is estimated to grow at the highest rate between 2016 and 2022. North America held the largest share of the threat detection systems market in 2015, followed by APAC and Europe. The U.S. accounted for the largest share of the threat detection systems market in North America, followed by Canada and Mexico. The region has several companies operating as manufacturers and suppliers of components that are used in internal threat detection and border security management. North America is witnessing a continuous increase in the research & development activities, particularly in high-energy laser system technologies. The major players listed as operating in this market within the new research report include Smiths Group, Safran, Flir Systems, Thales, Rapiscan Systems, RAE Systems, Chemring Group, Chemimage Sensor Systems, Mirion Technologies, and Axis Communications, amongst others. Security News Every Day – www. securityworldhotel.com 10 • d etektor internati onal