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Safety and Security Equipment

Overview

Unit: USD thousands

 

2013

2014

2015 (estimated)

2016
(estimated)

Total Market Size

1,420,231

1,401,220

1,432,280

1,403,840

Total Local Production

4,230

4,080

3,900

3,840

Total Exports

4,298,516

4,298,516

4,121,620

4,200,000

Total Imports

5,714,517

5,714,517

5,550,000

5,600,000

Imports from the U.S.

783,696

783,696

855,200

896,000

Exchange Rate: 1 USD

7.8

7.8

7.8

7.8

Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
Data Sources: Hong Kong Census & Statistics Department

Hong Kong is one of the safest regions in the world, with a low crime rate and strong social order. As the transportation and logistics hub for Asia, there is a stable demand for safety and security equipment and services in Hong Kong, especially for airport and freight-cargo facilities. Other major areas of substantial security equipment outlays include the commercial and financial sectors, while home security systems become increasingly popular.

The market potential for safety and security equipment and services continue to grow steadily, gearing towards more sophisticated high-tech products, an area in which U.S. firms are particularly strong. Our major competitors in the high-tech arena are from Japan, South Korea, Israel and the European Union.

While Hong Kong possesses one of the freest trade regimes in the world, U.S. exporters should be aware that security products may be subject to U.S. Export Control Regulations and are advised to pursue Hong Kong, Macau and China projects after determining compliance requirements. In particular, exports to China for certain crime control items may be prohibited by law.

Sub-Sector Best Prospects

Alarms and access controls
Biometrics
Chemical detection systems
Identification devices
Radio frequency wireless technologies
Rescue equipment
Wireless surveillance equipment
X-ray scanners
Video surveillance systems

Opportunities

In Hong Kong, the primary users of safety and security products are enforcement units such as the Police Force, Customs & Excise Department, Fire Department and Port Control Authorities. For commercial and residential use, there is a steady demand for access control equipment, alarm systems and CCTV surveillance cameras and systems. Fire Protection is another area which currently holds strong market demand—especially for state-of-the-art technology in integrated fire alarm systems.

Macau shows promise as a long-term niche market. U.S. companies wishing to enter the Macau market may consider partnering with Hong Kong companies with a strong foothold in Macau.

With the proliferation of e-commerce, and the increasing potential of unauthorized access to corporate systems and networks, cybersecurity has finally become a boardroom agenda in Hong Kong. This resulted in a growing demand for network security consultancies to identify vulnerabilities, reduce risks and ensure compliance.

Web Resources

Trade Shows:

Name: Security Products China Sourcing Fair
Date: October 11-14, 2015
Location: Asia World Expo, Hong Kong Airport
Website: http://www.globalsources.com/TRADESHOW/HONGKONG-ELECTRONICS.HTM?source=GSOL_TopNav_TS

Name: Asian Securitex 2016
Date: May 4-6, 2016
Location: Hong Kong Convention & Exhibition Centre
Website: http://www.asiansecuritex.com/C/2.html

Trade Associations:

Asian Professional Security Association
Website: www.apsahk.org

International Professional Security Association (Hong Kong) Ltd.
Website: www.ipsa.com.hk

Security Bureau – Security and Guarding Services Industry Authority
Website: www.sb.gov.hk/eng/links/sgsia/index.htm

For more information about this industry sector, please contact:

Ms. Maria Lo, Commercial Specialist
U.S. Commercial Service Hong Kong
Tel: (852) 2110-8647
Fax: (852) 2845-9800
Email: maria.lo@trade.gov




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