Trade Association ADS Group has published annual data in its latest Outlook Report showing that export growth for the UK’s security industry is now into double-digits, up by 18% on the previous year and generating around £4 billion for the economy.
The document shows that Europe, North America and the Middle East are the leading markets for export opportunities. In the list of Top 20 exports (excluding cyber), access control systems, communications and intruder alarm systems hold the top three positions by sales, while 60% of companies anticipate export growth of more than 10% going forward.
According to the ADS Group, this growth is a clear indication that UK companies are developing an international reputation for agility and innovation, and at the same time are also becoming increasingly relied upon to provide strong protection for both people and businesses.
With 44% of the industry’s turnover emanating from exports, remaining competitive is vital for those companies wishing to win business in tough international markets. 71% of companies surveyed for this Outlook Report identified exports as a key driver for growth, citing North America, the Middle East and Latin America as key regions of focus.