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Taiwan Security Market Report 2017

In 2016, there were a total of 2,241 public works project tenders in Taiwan, amounting to roughly US$188.8 million. This is up 63 percent from 2015. Based on this data, public works projects seem to be growing steadily. For the security industry this is good news, showing signs of a promising year ahead. However, with the exception of public works projects, the Taiwanese security industry faces difficult times ahead. With the Internet of Things (IoT) and smart technology gaining importance in security, Taiwanese company must find a way to step up their game. In order to turn the market around, companies must look toward interdisciplinary alliances and create added-value for their products to build more opportunities within the security realm.

Companies in this report:

  • Hwacom Systems
  • Koangyow Integration Machine
  • Merit LILIN

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