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China’s security engineering market size and competition pattern in 2020: Commercial engineering fields attract the most attention

The subdivided industries of the security industry mainly include security products, security integration and engineering, and alarm operation markets. At present, the security system integration and engineering market is the main revenue source market for the security industry, and it is also the main driving force for the growth of the security product market. In 2019, the output value of security projects reached 510 billion yuan, and the main investor of the project was the state. Among the application fields of security engineering, the field of commercial engineering attracts the most attention; in terms of competition landscape, the competitive advantages of Beijing's engineering companies are highlighted.

1. Security engineering is an important market segment in the security industry

The security industry is an industry that emerged with the security needs of modern society. Its segmented industries mainly include security products, security integration and engineering, and alarm operation markets. Among them, the application fields involved in the security integration and engineering market It covers a wide range of fields, including transportation, municipal administration, finance, energy, medical fields, etc.

In 2019, in the revenue structure of my country's security industry, the security system integration and engineering market accounted for 47% of the revenue. It is the main source of revenue for the security industry and the main driving force for the growth of the security product market.

2. The output value of security engineering in 2019 reached 510 billion yuan

Driven by investment in major national infrastructure projects, many new projects have started construction, which also provides good development opportunities for the security engineering market. According to statistics from Zhongan.com, in 2019, my country's security engineering industry achieved a total output value of 510 billion yuan, an increase of 16.6% compared with 2018.

In terms of market size, my country's security integration and engineering market also showed an overall growth trend from 2017 to 2019. In 2019, the security integration and engineering market achieved a revenue scale of 357.7 billion yuan.

3. The state is the main funder of security projects

At present, the main funder of security engineering projects in my country is the state. In terms of the number of projects, the number of engineering projects funded by the state accounts for 64%; in terms of project amount, the amount of engineering projects funded by the state accounts for 74%.

4. The commercial engineering field attracted the most attention in 2019

According to the survey statistics of China Security Association, in 2019, among the application fields of security projects in my country, in terms of the number of projects, the number of security projects in the commercial field, financial field and public security and law field was the largest, accounting for 52% of the total number of security projects.

From the perspective of the amount of project projects, in 2019, the projects in the commercial field, transportation field and public security and law field had the largest amount, accounting for 57% of the total security engineering project amount.

In addition, judging from the average project value ranking in market segments, in 2019, the average value of security engineering projects in smart cities, transportation fields and government agencies ranked among the top three, reaching 9.04 million yuan, 7.1 million yuan and 4.95 million yuan respectively.

To sum up, among the current market segments of security engineering, the transportation field, smart city and public security and law markets have received higher attention and have greater market potential.

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