|Germany Trade & Invest witnessed increased investor interest in the security market which is growing steadily|
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 was 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 presented 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 centralised 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, standardisation and the establishment of industry clusters.
Housed in the offices of DIN (German Institute for Standardisation), 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.