Security Concerns Boost Night Vision Surveillance Camera Industry: Ken Research
Posted on 21 March 2017 by KenResearch Consumer Products and Retail,
Ken Research has released report on the global night vision surveillance camera industry - “Global night vision surveillance camera industry situation and prospects 2017”. The report provides a basic overview of the industry along with relevant definitions, classifications, applications and the industry’s chain structure.
For those considering investment in the night vision surveillance camera industry, it is important to understand development policies, plans, manufacturing processes and cost structures of the industry. The report covers all these aspects as well as import/export, supply and consumption figures, revenue and gross margin by regions (United States, EU, China and Japan).
The report also provides in-depth information about the leading industry players with their company profiles, product pictures/specifications, capacity, actual production, product price, and revenues. This storehouse of information will enrich the knowledge of the industry insiders and potential entrants or investors.
The major statistics presented in the report about the industry are valuable source of guidance and direction for companies and individuals interested in the market.
Outlook of the Night Vision Surveillance Camera Industry
The night vision surveillance camera with the help of infrared technology gives a clear picture in conditions such as fog or in the darkness of night. Major applications of night vision surveillance camera include monitoring of critical assets, face recognition, threat detection, traffic management, military and defence purposes.
Recurring incidents of terror strikes have compelled governments the world over to explore technologies such as night vision surveillance cameras which offerimproved safety and a better means to fight terrorism.
The market of night vision surveillance cameras has witnessed exponential growth across the globebecause of growing fear of terrorism and increasing cross-border infiltration.Natural disasters, rail and road accidents and rising criminal activities also create additional demand for night vision surveillance cameras, thus boosting their market. A substantial growth in the CAGR of the night vision surveillance camera industry in the coming years has been forecast.
With the increasing use of newer technologies in night vision surveillance cameras and the rising turnover of the industry, the price of these devices is likely fall significantly in near future. This is going to benefit the end-users.
Segmentation of the Night Vision Surveillance Camera Market
The night vision (IR) surveillance camera market is categorized by shape, size and end-users. By shape, this market is categorized into bullet camera,dome camera, andbox camera. By type, it is categorized as fixed camera and PTZ camera. In terms of end-users, the night vision (IR) surveillance camerais segmented into these categories – publicsector, defence, retail, transportation, industrial, stadiums, business organizations, and others.
Dominant and Growing Markets for Night Vision Surveillance Camera
In 2016, North Americawas the largest market for night vision surveillance cameras, accounting for nearly half the global market share. In this region, the use of the night vision camera has greatly helped in resisting and fighting terrorism by gathering information about terrorist activities and their perpetrators.Creation of advanced military infrastructure and availability of greater defence funds have boosted the growth of the night vision surveillance cameras industry in the region.
Higher spending by the developed economies in North America on public sector and private sector provides great opportunities for the sale of advanced security equipment such as night vision surveillance cameras. The European market will also be among the fastest growing markets for these devices in the coming years for the reasons which have boosted their demand in North America.
Other regional segments such as Europe, Asia–Pacific, Latin America, the Middle East and Africa offer great growth prospects for night vision surveillance cameras. In developing nations,which are engaged in the process of asset development, there would be an increased requirement for security products.The increasing manufacture of surveillance products in Asia-Pacific and the presence of global playerswill create substantial opportunities for the sale of surveillance cameras in the region.
Major Market Players in the Industry:Axis Communications, BAE Systems, FLIR Systems, Hikvision Digital Technology, L-3 Communications, Pelco, Raytheon, Robert Bosch, Samsung Electronics, and, Honeywell.
Growing concern over terrorism and security has led governments, organisations and institutions the world over to adopt advanced technologies such as night vision surveillance cameras. Other applications of the night vision surveillance camera which boost this market are traffic management, natural disasters, criminal activities, and accidents. The market trends such as innovation, competition, and development in technology have led to reduction in the price of advanced security surveillance systems which will greatly boost growth of the industry.
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Contact: Ken Research
Ankur Gupta, Head Marketing & Communications