Emerging Technologies Fueling the Mobile Video Surveillance Market $3.6 Billion Growth
The Mobile Video Surveillance Market would increase significantly, from USD 2.4 billion in 2022 to USD 3.6 billion by 2027. Over the years 2022 to 2027, this increase is predicted to occur at a compound annual growth rate (CAGR) of 8.7%.
Systems for mobile video surveillance are widely used in a variety of fields, including law enforcement, transportation, and business contexts. A highly adaptable mobile video surveillance system that can effectively use both WiFi and cellular networks has been developed thanks to the developing field of wireless signal processing. The use of on-board analytics into mobile surveillance and security products is a noteworthy trend. Through this link, actionable data may be produced, enabling intelligent monitoring and improved security. On-board analytics are expected to play a bigger part in 2022 and beyond, which will improve mobile video surveillance systems' effectiveness and efficiency even further.
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The Mobile Video Surveillance Market's competitive environment is characterised by a continuous growth trajectory, which forces major competitors to implement tactical strategies targeted at enhancing their product portfolios, growing their market share, and enhancing their market presence. The majority of key initiatives centre on the introduction of new products and improvements to existing products. For effective surveillance of large areas and security incident zoom-ins, Hikvision introduced the TandemVu PTZ camera line in February 2022. This product combines PTZ and bullet camera features into a single unit. In April 2022, Axis Communications released the XF40-Q1785 Explosion-Protected Camera, which is intended for safe operation in potentially combustible settings. The industry's focus on innovation and cutting-edge technology was highlighted by Hanwha Techwin's March 2022 presentation of AI-powered dual channel multi-sensor cameras with advanced object detection, categorization, and license-free video and audio analytics. Collectively, these strategic efforts show how committed the sector is to innovation and to changing market demands.
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With a focus on products for security applications, Hanwha Techwin, previously Samsung Techwin, is a well-known participant in the video surveillance systems market. The business changed its name to Hanwha Techwin after being acquired by the Hanwha Group in 2015. Its extensive product portfolio includes, among other things, CCTV, IP & network solutions, door entry systems, access control systems, and intruder detection technologies. Hanwha Techwin is committed to providing premium complete security solutions that are adapted to a range of customer requirements. These solutions make use of high-resolution tools and sophisticated technology designed to prevent crime in advance and respond quickly to new technological developments. Through its Wisenet brand, the business expands its reach beyond security experts, demonstrating a dedication to boosting both commercial and consumer security through cutting-edge video surveillance solutions.
The mobile cameras from Hanwha Techwin are made exclusively for use in transportation applications and have a sturdy, vibration-resistant construction that complies with EN50155 and EN50121 standards. This guarantees dependable and constant video performance in the dynamic and frequently difficult transit situations. Additionally, some cameras have an IP66/IK10 classification, demonstrating their capacity to function successfully in challenging environments with challenging or changing weather conditions, as well as potential tampering or physical attacks. This shows Hanwha Techwin's dedication to provide dependable and adaptable mobile surveillance solutions suitable for a variety of settings, eventually increasing safety and security in transportation scenarios.
Hanwha Techwin has a presence in Korea, the Americas, Europe, and the Asia Pacific. The company’s subsidiaries include Samsung Opto - Electronics America, Inc. (US), Tianjin Samsung Techwin Opto- Electronics Co., Ltd. (China), Samsung Techwin (Europe) Ltd. (UK), Shanghai Samsung Techwin Co., Ltd. (China), Techwin Engineering Center (Japan), and Samsung Techwin Do Brasil Equipamentos de Seguranca Ltda. (Brazil).
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In the world of access control and video surveillance solutions, Axis Communications is a well-known market leader. Although the Japanese multinational corporation Canon bought Axis Communications in February 2015, it nevertheless maintains its operational independence from Canon, which is also its major shareholder. By creating and introducing cutting-edge network products, the company has continually shown that it is committed to innovation, cementing its position as a market leader. The primary business segments for Axis Communications are Video and Others, demonstrating a strategic focus on offering all-inclusive solutions in the realm of video technology while also expanding into related fields.
Network cameras, video encoders, NVRs (Network Video Recorders), VMS (Video Management Systems), and system components are just a few of the products that Axis Communications offers to the mobile video surveillance market. These products have broad applications in a variety of industries, including transportation, law enforcement, and manufacturing. Notably, Axis Communications offers ruggedized onboard cameras that are essential for railway applications and were created specifically for surveillance in trains, trams, and metros. These ruggedized onboard cameras adhere to the strict EN50155 specifications. In addition to rail, these cameras are used in buses, emergency vehicles, trucks, and difficult industrial settings, where they are subjected to a great deal of shock and vibration. Additionally, the business broadens its reach into law enforcement by offering dependable, portable, and simple-to-use open-platform body-worn cameras, underscoring its dedication to flexible and dependable surveillance solutions.
Axis Communications has offices in more than 50 countries. It also has a global network of partners in 179 countries in the Americas, Europe, Asia, the Middle East, and Africa. A few subsidiaries of the company include Axis Communications Pty Ltd (Australia), Axis Communications, Inc. (Canada), Beijing Axis Communications (China), and Axis Communications (UK) Ltd.
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