CHICAGO, in 2022 November 1 /PRNewswire/ — Mobile video surveillance market is projected to grow from USD 2.4 billion By 2022 USD 3.6 billion until 2027; is expected to grow at a CAGR of 8.7% during the forecast period. according to a new report from MarketsandMarkets™. A number of factors, including increased camera resolution, increasing AI capabilities and remote monitoring, are making it easier for mobile surveillance integrators to meet the needs of end-users to meet their safety and operational needs in a variety of vehicle types, including vehicles, police. vehicles and drones. Advances in security and technology require remote monitoring of moving vehicles at all times to detect unusual events and incidents.
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The storage devices segment that accounts for the highest CAGR during the forecast period in the video surveillance equipment market
The annual fall in the prices of surveillance cameras has also led to their increasing use worldwide, which in turn has created a strong demand for storage solutions. The high demand for storage devices can also be attributed to the increased adoption of IP cameras. IP cameras record video at a higher resolution and frame rate. Some cameras record audio along with video. These factors have increased storage requirements; thus, storage devices are projected to witness the highest CAGR growth during the forecast period.
The IP video surveillance camera market will grow at a higher CAGR during the forecast period.
IP cameras are great at capturing high-definition, large-frame video. They also offer greater flexibility in connecting different cameras and increasing the number of connected cameras. IP security cameras transmit data using encryption and authentication methods such as WEP, WPA, WPA2, TKIP and AES. IP cameras can also be connected wirelessly to the NVR. These cameras also offer remote access; they can be monitored from any computer anywhere in the world and from many mobile devices, including smartphones and laptops. Due to the increase in IP cameras and digital recording capabilities, many companies and organizations are switching to IP camera systems.
The military and defense vertical market has registered the highest CAGR for the video surveillance market.
In military and defense, drones can be easily deployed and integrated into the command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) system. They have simple operation and maintenance procedures with high tactical capabilities. They are versatile and can perform a variety of missions, such as mountain search and rescue, illegal traffic surveillance, support for ground forces and reconnaissance operations. Mobile video surveillance is widely used in the military and aviation segment for various applications such as patrolling of national borders (border security) and search and rescue missions. In addition, the mobile video surveillance system controls the entry of refugees into critical areas such as military base camps and border areas, monitors peace agreements, provides security perimeters around base camps and embassies (perimeter security), and provides resource exploration and target tracking.
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The APAC market is estimated to grow at the highest CAGR during the forecast period.
Market to Asia Pacific expected to grow at the highest CAGR during the forecast period. With the early adoption of new technologies such as cameras, wireless connectivity, and integrated DVR and NVR analytics, mobile video surveillance systems are growing in popularity Asia Pacific. Also, government initiatives to increase the security of cities against terrorists; high costs for security equipment; availability of low-cost mobile video surveillance systems of local manufacturers; and high demand for IP systems in the transportation, law enforcement, and military and defense verticals are driving the growth of China’s mobile video surveillance market.
Major vendors in the mobile video surveillance market include Hikvision (China), Dahua technology (China), Axis Communications (Sweden), Bosch safety and security systems (Germany), Hanwha Techwin (South Korea), Avigilon (Canada), Teledyne FLIR (USA), Briefcam (USA), Pelco (USA), Uniview (China), Agent Video Intelligence (USA), CP PLUS (India), Genetec (Canada), Huawei Technologies (China), Seon design (Canada), Pro-Vigil (USA), Strongwatch (USA), Rosco Vision (USA), VIVOTEK (Taiwan), MOBOTIX (Germany), wireless CCTV (USA), Strops technology (Latvia), DTI Group (Australia), and Ivideon (USA).
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