Continued growth in Top 50 security companies in 2015

The biggest growth in the industry through 2015 was seen by Hikvision Digital Technology and Dahua Technology, both of which had vast growth throughout the year. Hikvision grew 57.5 percent moving up to number 2 in the top 50 , replacing Bosch Security Systems. Dahua grew 35 percent and surpassed the Global Technologies Division of Assa Abloy to rank fifth. Assa Abloy and Safran still maintained healthy growth with their continued new innovations in access control and high demand from national projects. 

Samsung Techwin weakened throughout 2014. This much to do with the uncertainty of the acquisition this year, as the company’s Korean operations was renamed as Hanwha Techwin. Axis Communications’ ranking was influenced most from the growth of Tyco Security Products and FLIR Systems, rounding out the top 10. Companies maintained mild growth but a major reduction of net profit was observed in many companies in 2014 and also the first half of 2015.