Growth in the US education security market will average 3.4 percent per year through 2020, reaching $2.5 billion. Gains will be fueled by continued concerns regarding security and safety measures following numerous highly publicized school shootings. In addition, the increased implementation of highly complex, integrated systems will necessitate the use of additional services, as well as more and higher value products.
This report breaks out the education security market by segment, facility, and US region. In addition, demand is broken out for key metropolitan markets. Data is presented in dollars.
Segments covered in the education security market include:
Electronic Security Products
Mechanical Security Products
Private Security Services
Security services will remain the largest segment within the education security market, accounting for 56 percent of demand in 2020. Mechanical security products will see the fastest growth going forward, driven by the expanding use of access control systems among all types of education facilities, resulting in a rising need for higher value electrified products in both new and existing buildings.
Types of facilities covered in the study include:
Primary and Secondary Facilities
Higher Education Facilities
Other Educational Facilities
Primary and secondary facilities will continue to be the largest segment through 2020, when they will account for 54 percent of demand. Higher education facilities will post the fastest gains over the period. These campuses typically house multiple buildings, generally including residential facilities, laboratories with costly or sensitive equipment, and arenas and theaters where large crowds routinely gather. Therefore, their security needs are relatively extensive and involve the use of costlier systems.
Regions in the study include:
The South, which represents the largest regional segment in the education security market, is expected to see the fastest gains through 2020, followed closely by the West. This growth will stem from the large school age populations in both the South Atlantic and West South Central regions -- which, along with the Mountain sub-region, are the only sub-regions expected to see increases in school age population over that period.
In most cases, although the use of security products and services varies between markets, many products and services can be used in multiple markets. As a result, participants in the education security market are primarily general security product and service providers. Key market participants include Allegion, AlliedBarton, ASSA ABLOY, Canon, Fortune Brands Home & Security, Hangzhou Hikvision, Honeywell, Johnson Controls, Securitas, Siemens, Stanley Black & Decker, and Tyco International.