by Rebecca Walker — August 6, 2010—According to the latest report from IMS Research, the world market for perimeter security sensors is projected to exceed $440 million by 2014. The growth of this market will primarily be driven by proposed legislation in Europe, CBRN (chemical, biological, radiological and nuclear plants), CFATS (Chemical Facility Anti-Terrorism Standards) in the U.S., and airport and nuclear power plant expansion across Asia.
The perimeter security market can be described in terms of cabled and non-cabled sensors. Report author and market analyst Blake Kozak comments: “While non-cabled sensors provide a more covert form of detection, a line of demarcation is still required, this suggests that neither market will cannibalize the other.” In its latest perimeter research, World Market for Perimeter Security Equipment, IMS Research estimate non-cabled sensors to account for the largest proportion of perimeter sensor revenues with an estimated 63.9 percent share of the market in 2010.
IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets.
