BERLIN and LAS VEGAS , April 4 /CNW/ - Germany's market for security
applications is on its way to 55
percent growth between 2008 and 2015, or nearly 7 percent annually. This
compares to 5 percent annual industry growth worldwide. Expected to
reach revenue of over EUR 31 billion per year by 2015, Germany Trade &
Invest has witnessed increased investor interest in this growing
segment. To assist companies looking to expand to the largest market in
Europe, Germany Trade & Invest will be at this year's ISC West in Las
Vegas from April 5-8.
"Germany's security technologies market is one of the most interesting
worldwide. Companies here can reach a thriving market and benefit from
the "Made in Germany" reputation for top quality products and services
as well as innovative R&D," states Marko Kolbe, security industries
expert at Germany Trade & Invest in Berlin.
The world-renowned Fraunhofer Heinrich Hertz Institute will be
presenting the latest "Made in Germany" innovations for the security
industry at this year's ISC West, including new high dynamic range
video hardware, next generation active THz systems and a photoacoustic
sensor for explosives.
Germany has been quick to react to this sector's growing importance by
coordinating a wide variety of stakeholders. At the end of last year, a
centralized Coordination Office for Civil Security was established by
the Federal Ministry of Economics and Technology to further improve
Germany's position in terms of export support, standardization and the
establishment of industry clusters. Housed in the offices of DIN
(German Institute for Standardization), the group held its first
workshop on the topic of certification for the security industry this
year with decision-makers from the private and public sectors as well
as researchers and other industry players. This approach seeks to
further improve market conditions and consolidate Germany's position as
a growth market.
Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities
in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest, Andreas Bilfinger, Email: email@example.com T: +49(0)30 200099-173, F: +49(0)30 200099-111