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China's security industry is still 3-5 times the space
In the context of China's security industry, there is still significant room for growth, with estimates suggesting that the market has 3 to 5 times more potential than its current size. The "12th Five-Year Plan for the Development of China's Security Industry" set a clear goal: to double the scale of the industry by the end of the period. By 2015, the total output was expected to reach 500 billion yuan, with security services and related industries making up over 20% of that figure. Digital city initiatives and the security Internet of Things (IoT) are emerging as key drivers of this expansion.
On March 29th, Shandong Gaoke Information Industry Park, one of Asia’s most advanced electronic security equipment production bases, officially began operations in Qihe. The first phase of the project is projected to generate an annual output value of 2 billion yuan and contribute 200 million yuan in profits and taxes. This facility is part of a larger vision to transform cities into smarter, safer environments.
Located within the Qihe Economic Development Zone, the park is developed by the Hong Kong Rongxin Group with a total investment of 1 billion yuan and a construction area of 100,000 square meters. The company specializes in high-definition network CMOS cameras, servers, network storage devices, cloud storage servers, disk arrays, intelligent management systems, and large-scale LCD splicing walls—offering over 30 types of electronic security products across 10 categories. These products are exported to more than 50 countries and regions, including Asia, Europe, the U.S., and the Middle East.
Once all three phases of the project are completed, the park is expected to generate an annual output value of 10 billion yuan and produce 1 billion yuan in profits and taxes. It is anticipated to become a leading player in China's transition from "safe cities" to "smart cities."
According to data from the China Security Industry Association, the security sector grew by as much as 25% in 2013. Meanwhile, global security product manufacturing reached $234 billion in the same year, with per capita sales at $3.34. Over the past five years, the global electronic security market has grown at an average of 4.5% annually since 2008. Looking ahead, it is expected to maintain an 8% annual growth rate, reaching $322 billion by 2017. From 2013 to 2017, the security and surveillance sectors continued to develop steadily, despite intense competition. With such strong growth potential, China's security industry still holds tremendous untapped opportunities.