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Safety and Security Equipment

Overview

Fire and Security Products Unit: USD thousands

 

2012

2013

2014

(estimated)

2015
(estimated)

Total Market Size

1,529,196

1,420,231

1,385,000

1,404,000

Total Local Production

3,777

4,230

3,900

4,000

Total Exports

4,678,303

4,298,516

4,169,500

4,200,000

Total Imports

6,203,722

5,714,517

5,550,000

5,600,000

Imports from the U.S.

670,338

783,696

850,200

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:
Total Local Production: Hong Kong Census & Statistic Department
Total Exports: Hong Kong Census & Statistic Department
Total Imports: Hong Kong Census & Statistic Department
Imports from U.S.: Hong Kong Census & Statistic Department

Despite the dense population, Hong Kong is one of the safest regions in the world, with a low crime rate and strong social order. As a hub for transportation and logistics for Asia, Hong Kong will face an increasing demand for safety and security equipment and services, particularly for airport and freight-cargo facilities. Other major areas of substantial security equipment outlays include the commercial and financial sectors. Home security systems continue to be increasingly popular and common. There is rising concern in ship safety in Hong Kong after several ship accidents in last few years.

The market for safety and security equipment and services should continue growing and lean towards more sophisticated, high-tech products, an area in which U.S. firms are competitive. Japan, South Korea, Israel, the United States and the European Union are major suppliers for high-tech products, whereas China and Taiwan are market leaders in the basic and functional technology safety and security market.

In neighboring Macau, major security companies continue supplying sizeable integrated security systems and products such as advanced biometric identification systems for international hotels and casino facilities. U.S. sophisticated security system suppliers may consider partnering with Hong Kong security companies to explore the market in Macau.

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 should pursue Hong Kong, Macau and China projects after determining compliance requirements. In particular, exports to China of items determined to be “crime controlled” may be statutorily prohibited.

Sub-Sector Best Prospects

Alarms and access controls
Biometrics
Chemical detection systems
Detention equipment
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 Hong Kong 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 new technology in integrated fire alarm systems.

Macau is an outstanding long-term niche market. U.S. companies wishing to enter the Macau market may consider partnering with related Hong Kong companies that are actively pursuing opportunities in Macau.

Web Resources

Trade Shows:

Name: Security Products China Sourcing Fair
Date: October 11-14, 2014
Location: Hong Kong
Website: http://www.globalsources.com/TRADESHOW/HONGKONG-SECURITY-PRODUCTS.HTM?source=TSCHOME_EVENT_GS
Description: A sourcing trade show which major showcases the China-made security products.

Name of event: Fire Asia 2015
Date: February 3-6, 2015
Location: Hong Kong Convention and Exhibition Centre
Website: http://www.fireasia2015.org/
Description: Fire Asia is a 3-day conference organized by Hong Kong associations together with Fire Service Department of Hong Kong Government every three years. It is a conference to exchange professional knowledge and network.

Trade Associations:

Asian Professional Security Association
Website: http://www.apsahk.org

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

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

U.S. Commercial Service Hong Kong

For more information, contact our colleague who covers this industry sector:

Contact: Ms. Carrie Chan, Commercial Assistant
U.S. Commercial Service Hong Kong
Tel: (852) 2521-1467
Fax: (852) 2845-9800
Email: carrie.chan@trade.gov
Website: http://export.gov/hongkong