Infotech Lead Asia: China is forecast to spend around $45 billion in home land security market in 2012.
“Three decades of dramatic economic growth have bred social tensions, ethnic frictions and domestic terror which led the central government to invest whatever it takes to defend the economical-social-political fabric of China. This has resulted in the massive $40 billion market in 2011 and $45 billion in 2012, a trend which will reach $58 billion by 2015 and $105 billion by 2020,” said Dan Inbar, the report’s lead analyst.
2 out of every 3 new airports built in the world are in China.
According to China’s Twelfth 5-Year Plan (2011-2015), it spends more on HLS & Public Security than it does on defense.
China’s government 650 Safe City cumulative 2013-2020 market will surpass $180 billion.
The country’s public transportation system, which is the world’s largest, is poised to undergo a $20 Billion security upgrade.
The U.S. Department of Commerce assists and encourages the export of American Homeland Security & Public Safety products to China.
Companies such as FLIR, GE, Honeywell, Panasonic, Samsung, Siemens, Bosch, and EADS are already active in this market.
While Chinese manufacturers supply low & mid-end security products, the high end-premium security related technologies are provided by foreign manufacturers contributing to $24.3 billion in sales in 2011.
China’s Smart Video Surveillance market, the world’s largest and the cornerstone of the Safe City and perimeter security markets is dominated by foreign corporations, which supply artificial intelligence-based Video Content Analysis systems.