Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd, FLIR Systems, Inc., Hanwha Techwin Co., Ltd., and Robert Bosch GmbH – PROMINENT MARKET PARTICIPANTS IN SURVEILLANCE CAMERA MARKET
Video surveillance offers effective, powerful, and affordable security protection for both commercial and residential areas. Technological innovations have made video surveillance options customizable and scalable tailored specifically for user purposes. Three main requirements have driven changes in CCTV technology. The first is the need to reduce the cost of recording and to store video for long periods. The second is the need to reduce the amount of space required by these systems. And the third is the need for improved accessibility. During the initial phase of video surveillance technology, analog cameras were being used; however, the market is witnessing a change with the increased acceptance and adoption of IP cameras. The major advantage of IP cameras over conventional cameras is the benefit of transferring captured data or imageries directly over the internet, within a fraction of second. The IP cameras are either centralized, which requires Network Video Recorder (NVR) to monitor recordings, or decentralized in which the camera recording can be stored in any local or remote storing devices. The usage of Wi-Fi is also available with the IP cameras for transferring data instantly. In addition, the option for installing various video analytics software in the IP cameras for automatic analysis of the imageries by the cameras is also increasing the interest among the end-users. In addition, the IP cameras offer a wide range of features such as large scalability, low price, and two-way communication, motion detection, and alarm systems. The above-mentioned benefits are propelling the governments of developed as well as developing countries to adopt IP cameras as crime rates, terrorism, and civil unrest activities are constantly growing.
Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd, FLIR Systems, Inc., Hanwha Techwin Co., Ltd., and Robert Bosch GmbH are some of the key market players operating in the global surveillance camera market. The listing of key players is derived by considering multiple factors such as overall revenue, current surveillance camera portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions and other market related activities. There are various other notable players in the global surveillance camera market ecosystem such as Honeywell International Inc., Panasonic Corporation, Canon Inc., Pelco Corporate, and The Infinova Group. In August 2019, Pelco Corporate introduced Sarix Professional Series 3 Fixed IP Cameras. These cameras are catered in minidome, bullet, box, and wedge configurations that provide a balanced set of features and performance at affordable price points that allow for deployment across a wide range of indoor and outdoor applications.
Most of the market initiatives were observed in North America and APAC regions, which have a high potential for the growth of surveillance camera market. Few of the important market initiatives and product developments from the industry are mentioned below:
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Year |
News |
Country |
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2019 |
Bosch partnered with DroneShield Ltd, a provider of security and safety solutions. Through this partnership, DroneShield is likely to be offering an integrated system for drone detection and mitigation, with DroneShield’s products integrated with Bosch’s video surveillance products. |
Europe |
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2019 |
Pelco launched Spectra Professional 4K for High-Resolution PTZ Surveillance. Pelco continues to expand its 4K resolution camera offering with the Spectra Professional 4K line of PTZ cameras by providing detailed images more clearly than ever before at greater distances. Spectra Professional 4K’s innovative features capture outstanding detail in low-light conditions and is ideal for tracking people and vehicles across wide spaces. |
North America |
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2018 |
Canon Inc. acquired BriefCam, an Israeli-based provider of video content analysis software. This acquisitions enables Canon to deliver an even broader range of leading-edge technology and solutions in the fields of network cameras, video management software, and video content analysis software to customers and partners across the globe. |
APAC |
