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Tag: The Freedonia Group


General News

Freedonia sees positive future for US safety and security drones

May 9, 2018Spencer Ives

CLEVELAND, Ohio—The market for drones in safety and security applications in the U.S. has a bright future, according to a report from The Freedonia Group, a research firm based here. The company predicts the market to reach a value of about $1 billion by 2022.Freedonia valued the safety and security drone market at $145 million in 2016 and the firm expects it to grow to $250 million, “then we're going to have it more than quadrupling from that point into 2022,” Jennifer Christ,...

Jennifer Christ, The Freedonia Group


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On The Editor's Desk

Security camera sales in US to grow

August 30, 2017Paul Ragusa, Editor

Demand for security cameras in the U.S. is projected to increase 7.2 percent annually through 2021 to $2.8 billion, according to a new report entitled Video Surveillance Equipment Market in the U.S. from The Freedonia Group, a Cleveland-based research firm. The company found that gains will result from a variety of factors that support replacement demand and sales of higher value, upgraded versions, including:• Ongoing product advancements in camera technology.• Increasing affordability...

security camera sales, The Freedonia Group


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General News

US alarm market to reach $4.9 billion by 2021

August 15, 2017Spencer Ives

CLEVELAND, Ohio—The Freedonia Group, a research firm based here, projects that the U.S. security alarm systems market will reach $4.9 billion by 2021, starting at $3.8 billion in 2016, with a CAGR of 5.1 percent between 2016 and 2021.“The biggest driving factor is going to be the continued growth of construction activity going forward,” Katherine Brink, industry analyst, Freedonia Industry Studies, told Security Systems News. Brink added that this factor effects both residential...

Katherine Brink, The Freedonia Group


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General News

Demand for security equipment projected to rise 7 percent a year through 2016

May 20, 2013Rich Miller

CLEVELAND—Global demand for security equipment will increase 7 percent annually to $117 billion in 2016, driven by a strong rebound in construction activity and advances in electronic security technology, according to a new report from The Freedonia Group.The research company, based here, said electronic products accounted for nearly 65 percent of security equipment sales in 2011, with the segment expected to post much stronger sales gains than mechanical security products through 2016.“Demand...

Dave Petina, Security Systems News, The Freedonia Group


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