February 22, 2008—In its latest report on the world market for intruder alarms, IMS Research revealed Honeywell to be the market leader for the second consecutive year.
According to the IMS Research report, Honeywell now commands a market share of 23 percent in a market valued at over $2.7 billion.
Honeywell’s top position in the world market can be attributed to its dominant position in the Americas intrusion market, where it has more than twice the market share of its nearest competitor. However, it does not have the same market position in the Europe, Middle East & African (EMEA) and Asian markets, which are currently led by GE Security and Secom respectively. The competitive landscape of these markets is significantly more fragmented than the Americas, and the local manufacturers typically hold strong positions.
For more information on Honeywell, see the Web site. More information about IMS Research, which provides market research to the global electronics industry, can be found on the company’s Web site.
