| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/863 (30.7.12) |
| Publication Date | 30/07/2012 |
| Content Type | News |
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On 30 July 2012 the European Commission published a dedicated industrial policy initiative to boost the European security industry, which is one of the sectors with the highest potential for growth and employment in the EU. The main priority was to overcome the fragmentation of the EU security markets and to create a true Single Market for security technologies. Over the last ten years the global security market had grown nearly tenfold from some €10bn to some €100bn in 2011 with an annual turnover in the EU of around €30bn. The security sector can broadly be subdivided into the following areas: aviation security, maritime security, border security, critical infrastructure protection, counter-terror intelligence (including cyber security and communication), physical security protection; and protective clothing. However, as recent market evolutions indicate, the global market shares of European companies could drop significantly over the next years if no action is launched to enhance their competitiveness. In response to this significant potential for market growth, the European Commission made the security industry one of the essential parts of the EU 2020 flagship initiative 'An Integrated Industrial Policy for the Globalisation Era Putting Competitiveness and Sustainability at Centre Stage', which announced the launch of a dedicated initiative on a Security Industry Policy. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/863&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
