Worldwide Video Surveillance Systems Industry to 2026

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Worldwide Video Surveillance Systems Industry to 2026

Worldwide Video Surveillance Systems Industry to 2026

The Video Surveillance Systems Market is expected to grow at a CAGR of 10.06% over the forecast period 2021 to 2026.

Commercial Segment is to Dominate the Market

The infrastructure segment includes road, rail, airports, stadiums, etc. Technological advancements in the video surveillance industry have led to the development of night vision cameras designed to work in low-lit areas. Infrastructure segments, specifically roads, need night-vision cameras to monitor traffic and keep track of suspicious activities. These factors are expected to accentuate the demand in the infrastructure segment.

Cameras offer a wide range of video surveillance applications, including scene monitoring, facial recognition, video smoke detection, remote video monitoring, automatic number plate recognition, etc. Presently, consumer requirements include cameras of HD-compliant 1080p 25/30 fps technology. With the growing need for security, high-definition technologies in video surveillance are expected to penetrate the market during the forecast period.

Cameras with pan, tilt and wide zoom features are preferred to detect and track intruders. 360-degree panoramic cameras and thermal infrared cameras, which can operate in the dark, are expected to witness increased adoption over the forecast period. The previous models of 4K cameras offer a lower frame rate resolution. However, the advent of 4K in video surveillance is much ahead in the consumer market, as compared to that of 1080p.

Further, the use of GPU (Graphics Processing Unit) in the video surveillance system is accelerating the camera capabilities by at least 25% higher performance, 30% higher camera counts at full HD resolution, and 30 frames per second against 15-30 frames per second, which was throwing a massive pile of CPU earlier.

China in Asia Pacific is presumed to dominate the market

The introduction of the smart cities concept in the country is the major driving force for the video surveillance market in China. Advanced video surveillance techniques have been integrated with the city administration to boost efficiency. Yinchuan city in China is an example of an advanced smart town where everything, from buses to dustbins, is integrated into a unified system.

One of the pioneer systems designed using video surveillance was the Hangzhou “City Brain” project, created by Chinese retail and tech company Alibaba, which uses camera systems and sensors across the city to collect data on road conditions in real-time. The data is fed to an AI hub, which manages traffic signals at 128 intersections and helps city officials make better decisions faster.

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