Reformation of public security and safety infrastructure of 750 Chinese cities with state-of-art technologies. Foreign Companies’ Share is estimated at35% of the Cumulative 2012-2022 i.e. $138 billion market.
BEIJING – In 2011, the Chinese central government began the massive implementation of a national program requiring 650 Chinese cities to reform their public security and safety infrastructures with state-of-the-art technologies. According to the China Safe Cities Technologies and Markets 2013-2022 report, this program will result in a cumulative 2012-2022 $138 billion Chinese Safe City market – the largest national Safe City market in the world.
Foreign-based companies (e.g., Cisco, IBM, GE Security Asia, Panasonic, Samsung Electronics, Bosch Security, Honeywell, Siemens, Toshiba, AGT) will continue to dominate the Safe Cities premium/high-end product markets while the low and mid-end products will be supplied by Chinese vendors. The foreign-based companies’ market share is estimated at more than 35%, representing cumulative revenues of $46 billion for the China Safe City Market by forecasted period.
A major driver of the market is that China is pushing ahead with its massive multi-trillion dollar plan to transfer 250 million rural residents (roughly the total urban population of the U.S.) into newly-constructed cities. The goal of this plan is to decisively solve the rural-urban income gap by creating a prospering urban middle class of over 700 million people. This urbanization will supply a low cost workforce and create a growing consumer demand for goods and services. Thus, this program is viewed as the key to maintaining the nation’s continued economic development. This massive relocation is generating harsh opposition requiring the Chinese government to go to extreme ends to maintain control of the process. The government is committed to spending tens of billions on high-end technologies to ensure the safety and security of their cities.
As the Great Wall of China was built to defend the country from its external enemies, the Safe Cities program is being built to defend China from internal threats (e.g., crime, terror, manmade and natural disasters). Accordingly, hundreds of Chinese cities are rushing to construct their safe city platforms by fusing internet, video surveillance cameras, cell phones, GPS location data and biometric technologies into central ICT meta-systems.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
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