Brazil's electronic security market posts 15 percent annual gains

Published 7 May 2007

A $1.1 billion market exists for those in the biometrics and CCTV game; Priel Metal Detector earns special attention

Call it the grid from Ipanema. According to the Brazilian Association of Electrical and Electronic Industry (Abinee), that country’s electronic security market — which includes alarms, biometric equipment, CCTV, and access control — is expected to maintain a healthy 15 percent growth in 2007. All told, the market is estimated at $1.1 billion, with approximately 300 companies in the domestic sector. “This market is relatively new and not consolidated and therefore the sector companies register considerable rises in their results,” Security Info Watch quoted Albinee’s Paulo Alvengera as saying. “There is a lack of domestic production of such items and large domestic demand, which makes Brazilian companies to export less than 5 percent of their production.” One company deserving particular notive is Priel Metal Detector, which SIW reports saw 15 percent year-on-year growth in 2006 to $1.23 million, mainly on sales of electronic security solutions for the public sector. The company also exports to Mexico, Argentina, Uruguay, Chile, and Iran.