This study analyzes global markets for nonmilitary security products and systems. Products covered include most locks and keys, other mechanical security devices (fire extinguishers, safes, vaults, safety deposit boxes and other dedicated bank security hardware), alarms (burglar, fire, smoke, and panic/medical emergency), and other electronic systems (access controls, closed-circuit television, electronic article surveillance/anti-shoplifting systems, bomb and metal detectors, and other miscellaneous devices). Excluded are security services (including equipment installation and repair), structural security products (e.g., bars, gates, fences, grilles, doors, lighting, sprinkler systems), automotive security products, furniture and motor vehicle locks, products manufactured primarily for military use, products used in nonsecurity applications (e.g., metal detectors in food processing plants, closed-circuit television for traffic control and medical monitoring, biometric identification systems for public benefits, etc.), information security hardware and software, and firearms and other weapons.

INTRODUCTION xii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Economic Environment 5
Recent Economic Performance 6
World Economic Outlook 9
Demographic & Social Trends 11
Demographic Trends 12
Social Trends 14
Unemployment 15
Urbanization 17
Building Construction 18
Criminal Justice Trends 20
Public Safety Environment 22
Conventional Crimes 22
Terrorism & Other Nonconventional Crimes 25
Legal & Regulatory Issues 26

III. MARKET OVERVIEW 30
Regional Markets 30
Supply 30
Multinational Parameters & Trade Flows 31
Demand 34
Regional Profile 37
Demand by Product 40
Mechanical Security 43
Locks 44
Other Mechanical Security 47
Electronic Security 49
Alarms 52
Access Controls & Surveillance 55
Other Electronic Security 60
Technological Issues 62
Pricing 64
Demand by Market Sector 66

IV. NORTH AMERICA 70
General 70
Market Overview 71
Security Equipment Outlook 73
United States 74
Canada 85
Mexico 94

V. WESTERN EUROPE 102
General 102
Market Overview 103
Security Equipment Outlook 105
France 107
Germany 115
Italy 123
Netherlands 131
Spain 137
Sweden 143
Switzerland 150
United Kingdom 157
Other Western Europe 167

VI. ASIA/PACIFIC 174
General 174
Market Overview 176
Security Equipment Outlook 178
Australia 180
China 189
Japan 203
South Korea 214
Other Asia/Pacific 221

VII. OTHER REGIONS 230
General 230
Market Overview 231
Security Equipment Outlook 233
Latin America 234
Brazil 241
Other Latin America 251
Eastern Europe 262
Poland 268
Russia 275
Other Eastern Europe 284
Africa/Mideast 293
South Africa 298
Other Africa/Mideast 307

VIII. INDUSTRY STRUCTURE 315
General 315
Market Share 317
ASSA ABLOY 319
Tyco International 320
United Technologies 320
Honeywell 321
Other Leaders 322
Mergers & Acquisitions 322
Cooperative Agreements 328
Manufacturing 335
Research & Development 337
Marketing 339
Distribution 340
Company Profiles 341
Adams Rite Manufacturing Company, see ASSA ABLOY
ADI, see Honeywell International Incorporated
ADT Security Services, see Tyco International Limited
American Dynamics, see Tyco International Limited
Ansul Incorporated, see Tyco International Limited
ASSA ABLOY AB 342
August Bremicker Soehne KG 355
Autronica Fire and Security, see United Technologies
Baldwin Hardware Corporation, see Black & Decker
Bentel Security srl, see Tyco International Limited
Bewator Holding AB, see Siemens AG
Black & Decker Corporation 357
Bosch (Robert) GmbH 359
CEM Systems Limited, see Tyco International Limited
Checkpoint Systems Incorporated 363
Chubb Security Systems, see United Technologies
Costruzioni Italiane Serrature Affini, see Ingersoll-Rand
Cross Match Technologies Incorporated, see Smiths Group
Dedicated Microcomputers Group Limited 366
Dennard Limited, see Dedicated Microcomputers Group
Detector Electronics Corporation, see United Technologies
Diebold Incorporated 368
Digital Security Controls Limited, see Tyco International
Edwards Systems Technology, see General Electric
Elsafe International AS, see ASSA ABLOY AB
ESSEX Industries Incorporated, see ASSA ABLOY AB
ETI Technology Incorporated, see Smiths Group plc
Falcon Lock, see Ingersoll-Rand Company Limited
Farran Technology Limited, see Smiths Group plc
Fenwal Protection Systems, see United Technologies
Fichet-Bauche SA, see Gunnebo AB
Fire-Lite Alarms Incorporated, see Honeywell International
Gamewell-FCI, see Honeywell International Incorporated
Gateway Security AB, see Gunnebo AB
GE Security Incorporated, see General Electric Company
General Electric Company 373
Geoffrey Industries, see Ingersoll-Rand Company Limited
Guardall Limited, see United Technologies Corporation
Gunnebo AB 380
HID Corporation, see ASSA ABLOY AB
Honeywell International Incorporated 386
IDenticard Systems Incorporated, see General Electric
Indala, see ASSA ABLOY AB
Ingersoll-Rand Company Limited 393
Interflex Datensysteme, see Ingersoll-Rand
ITO Locks Company, see Ingersoll-Rand Company
Kaba Holding AG 398
Kidde plc, see United Technologies Corporation
Klein Associates Incorporated, see L-3 Communications
Kryptonite, see Ingersoll-Rand Company Limited
Kwikset Corporation, see Black & Decker Corporation
L-3 Communications Corporation 402
LEGIC Identsystems AG, see Kaba Holding AG
Lenel Systems International, see United Technologies
LiveWave Incorporated, see Smiths Group plc
Locknetics, see Ingersoll-Rand Company Limited
Matsushita Electric Industrial Company Limited 405
Mirtone Incorporated, see General Electric Company
Miwa Lock Company Limited 408
NEC Corporation 410
NOTIFIER, see Honeywell International Incorporated
Novar plc, see Honeywell International Incorporated
OMNIKEY AG, see ASSA ABLOY AB
Onity Incorporated, see United Technologies Corporation
OSI Systems Incorporated 412
Panasonic Corporation of North America, see Matsushita Electric Industrial Company
Pelco 415
Pyro-Chem, see Tyco International Limited
Rapiscan Systems Incorporated, see OSI Systems
Recognition Systems Incorporated, see Ingersoll-Rand
Ritzenthaler SA, see Gunnebo AB
Samsung Electronics Company Limited 417
Schlage Lock Company, see Ingersoll-Rand
Secom Company Limited 419
Security One Systems Incorporated, see Ingersoll-Rand
Sensormatic Electronics Corporation, see Tyco International
Siemens AG 421
Silent Knight, see Honeywell International Incorporated
SimplexGrinnell LP, see Tyco International Limited
Smiths Group plc 425
Software House, see Tyco International Limited
Sony Corporation 428
System Sensor, see Honeywell International Incorporated
SPX Corporation, see General Electric Company
Steelage Industries Limited, see Gunnebo AB
Taiwan Fu Hsing Industrial Company, see Ingersoll-Rand
Talleres de Escoriaza SA, see ASSA ABLOY SA
TASC Security, see Diebold Incorporated
Timelox AB, see ASSA ABLOY AB
Total Entry Solutions, see Dedicated Microcomputers Group
Traffic Safety Systems, see Dedicated Microcomputers Group
Tyco International Limited 432
United Technologies Corporation 439
VEREX Technology, see United Technologies Corporation
Victory Company of Japan, see Matsushita Electric Industrial Company
VingCard as, see ASSA ABLOY AB
VisioWave SA, see General Electric Company
Visonic Limited 446
Von Duprin, see Ingersoll-Rand Company Limited
Weiser Lock Corporation, see Black & Decker Corporation
Zellweger Analytics, see Honeywell International
Ziton Pty Limited, see General Electric Company
Other Companies Mentioned in Study 450

LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 World GDP by Region 11
2 World Population by Region 14
3 World Urban Population by Region 18
4 World Building Construction by Region 20

SECTION III -- MARKET OVERVIEW
1 World Security Equipment Shipments by Region 31
2 World Security Equipment Trade Balance by Region 33
3 World Security Equipment Sales by Region 36
4 World Security Equipment Sales by Type 42
5 World Mechanical Security Equipment Sales by Region 44
6 World Lock Sales by Region 47
7 World Other Mechanical Security Sales by Region 49
8 World Electronic Security Sales by Region 52
9 World Alarm Sales by Region 55
10 World Access Control & Surveillance Sales by Region 56
11 World Other Electronic Security Sales by Region 62
12 World Security Equipment Sales by Market 68

SECTION IV -- NORTH AMERICA
1 North America -- Security Equipment Market Environment 72
2 North America -- Security Equipment Supply & Demand by Type & Market 74
3 United States -- Security Equipment Market Environment 79
4 United States -- Security Equipment Supply & Demand by Type & Market 81
5 Canada -- Security Equipment Market Environment 87
6 Canada -- Security Equipment Supply & Demand by Type & Market 89
7 Mexico -- Security Equipment Market Environment 97
8 Mexico -- Security Equipment Supply & Demand by Type & Market 99


SECTION V -- WESTERN EUROPE
1 Western Europe -- Security Equipment Market Environment 104
2 Western Europe -- Security Equipment Supply & Demand by Type & Market 106
3 France -- Security Equipment Market Environment 110
4 France -- Security Equipment Supply & Demand by Type & Market 111
5 Germany -- Security Equipment Market Environment 118
6 Germany -- Security Equipment Supply & Demand by Type & Market 120
7 Italy -- Security Equipment Market Environment 125
8 Italy -- Security Equipment Supply & Demand by Type & Market 127
9 Netherlands -- Security Equipment Market Environment 133
10 Netherlands -- Security Equipment Supply & Demand by Type & Market 134
11 Spain -- Security Equipment Market Environment 139
12 Spain -- Security Equipment Supply & Demand by Type & Market 140
13 Sweden -- Security Equipment Market Environmt 145
14 Sweden -- Security Equipment Supply & Demand
by Type & Market 147
15 Switzerland -- Security Equipment Market Environment 152
16 Switzerland -- Security Equipment Supply & Demand
by Type & Market 154
17 United Kingdom -- Security Equipment Market Environment 160
18 United Kingdom -- Security Equipment Supply & Demand
by Type & Market 162
19 Other Western Europe -- Security Equipment Market
Environment 168
20 Other Western Europe -- Security Equipment Supply & Demand
by Type & Market 170
21 Other Western Europe -- Security Equipment Market
by Country 171



(continued on next page)
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific -- Security Equipment Market Environment 177
2 Asia/Pacific -- Security Equipment Supply & Demand
by Type & Market 179
3 Australia -- Security Equipment Market Environment 183
4 Australia -- Security Equipment Supply & Demand
by Type & Market 185
5 China -- Security Equipment Market Environment 193
6 China -- Security Equipment Supply & Demand
by Type & Market 196
7 Japan -- Security Equipment Market Environment 206
8 Japan -- Security Equipment Supply & Demand
by Type & Market 208
9 South Korea -- Security Equipment Market Environment 216
10 South Korea -- Security Equipment Supply & Demand
by Type & Market 218
11 Other Asia/Pacific -- Security Equipment Market Environment 223
12 Other Asia/Pacific -- Security Equipment Supply & Demand
by Type & Market 225
13 Other Asia/Pacific -- Security Equipment Market by Country 228

SECTION VII -- OTHER REGIONS
1 Other Regions -- Security Equipment Market Environment 232
2 Other Regions -- Security Equipment Supply & Demand
by Type & Market 234
3 Latin America -- Security Equipment Market Environment 237
4 Latin America -- Security Equipment Supply & Demand
by Type & Market 241
5 Brazil -- Security Equipment Market Environment 244
6 Brazil -- Security Equipment Supply & Demand
by Type & Market 247
7 Other Latin America -- Security Equipment Market
Environment 253
8 Other Latin America -- Security Equipment Supply & Demand
by Type & Market 255
9 Other Latin America -- Security Equipment Sales by Country 260

(continued on next page)
10 Eastern Europe -- Security Equipment Market Environment 265
11 Eastern Europe -- Security Equipment Supply & Demand
by Type & Market 268
12 Poland -- Security Equipment Market Environment 271
13 Poland -- Security Equipment Supply & Demand
by Type & Market 273
14 Russia -- Security Equipment Market Environment 278
15 Russia -- Security Equipment Supply & Demand
by Type & Market 280
16 Other Eastern Europe -- Security Equipment Market
Environment 287
17 Other Eastern Europe -- Security Equipment Supply & Demand
by Type & Market 289
18 Africa/Mideast -- Security Equipment Market Environment 296
19 Africa/Mideast -- Security Equipment Supply & Demand
by Type & Market 298
20 South Africa -- Security Equipment Market Environment 301
21 South Africa -- Security Equipment Supply & Demand
by Type & Market 303
22 Other Africa/Mideast -- Security Equipment Market
Environment 309
23 Other Africa/Mideast -- Security Equipment Supply & Demand
by Type & Market 311
24 Other Africa/Mideast -- Security Equipment Sales by Country 313

SECTION VIII -- INDUSTRY STRUCTURE
1 Selected Acquisitions & Divestitures 324
2 Selected Cooperative Agreements 330


LIST OF CHARTS

CHART NUMBER PAGE


SECTION III -- MARKET OVERVIEW
1 World Security Equipment Sales by Region, 2005 37
2 Security Equipment Sales per Urban Capita/GDP per Capita
Relationship, 2005 39
3 World Security Equipment Sales by Type, 2005 42
4 World Security Equipment Sales by Market 69

SECTION IV -- NORTH AMERICA
1 North America -- Security Equipment Sales by Country, 2005 72

SECTION V -- WESTERN EUROPE
1 Western Europe -- Security Equipment Sales by Country, 2005 104

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific -- Security Equipment Sales by Country, 2005 177

SECTION VII -- OTHER REGIONS
1 Other Regions -- Security Equipment Sales by Country, 2005 232

SECTION VIII -- INDUSTRY STRUCTURE
1 World Security Equipment Market Share, 2005 319