Despite the difficult economic situation Uruguay was going through during the past three years, the safety and security sector is one of the sectors that it is expected to generate business opportunities. This can be attributed to the rising crime rate, as well as the priority of improving residential and workplace safety. The electronic security sector grew 46% in 2005. U.S. products have a 24% market share and compete directly with those from China, Brazil, Argentina and Mexico, which are sold in the local market at lower prices.

For the full report, please contact Jorge Balparda, Sector Specialist in Uruguay.