Local security technology a big hit abroad
Security technology exports up by 65%
Sophisticated security and safety technology exports total about USD 1 billion in 2004, Manufacturers Association says
TEL AVIV - Security and safety technology exports totaled about USD 1 billion in 2004, a rise of about 65 percent compared to 2003, Manufacturers Association figures show.
About USD 200 million worth of security products were sold to companies and organizations tasked with providing security at the Athens Olympics.
About 100 new security technology companies opened last year, while 15 such companies closed down, the Association’s figures show.
Manufacturers Association President Shraga Brosh estimates that the security and safety industry’s exports would hit USD 2.5 billion a year by the end of the decade.
“The security and safety industry has turned into the golden egg of Israeli exports,” he said. “The American and global market are expected to invest more than a trillion dollars in this field in the coming decade.”
