Worldwide Video Surveillance Systems Industry to 2026
The “Global Video Surveillance Systems Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
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.