Guardians in the Air: Drones and Military Mobile Video Surveillance Market
With a forecast to expand at a strong compound annual growth rate (CAGR) of 8.7%, the Mobile Video Surveillance Market is expected to reach USD 3.6 billion by 2027 from USD 2.4 billion in 2022. A thorough research by MarketsandMarketsTM details this growth trend.
The need for mobile video surveillance systems is expected to grow during the forecast period due to a number of factors, including real-time monitoring requirements across many sectors, growing security concerns, and technological developments. Integration of state-of-the-art surveillance technologies is anticipated to play a major role in the market's expansion as it continues to evolve.
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A number of important variables are responsible for the market's noteworthy growth in mobile video surveillance. Notably, the integration of improved camera quality, developing capabilities of artificial intelligence (AI), and the growing trend of remote monitoring are the main drivers of the demand spike. This convergence of developments makes it possible for mobile surveillance integrators to effectively serve end-users' security and operational requirements for a variety of vehicle types, including transit vehicles, law enforcement vehicles, and drones. Raising security concerns have led to a greater emphasis on real-time remote monitoring, which is driving the market's expansion by requiring the prompt discovery of unexpected activities and incidents.
Storage device segment to account for the highest CAGR during the forecast period for the video surveillance hardware market
The steady annual drop in camera prices has contributed to a significant increase in the global deployment of security cameras. The increased use of these technologies has led to a global upsurge in the need for storage solutions. The increasing use of IP cameras, which are renowned for recording movies at better resolutions and frame rates, is directly related to the increased need for storage devices. Some cameras can record audio in addition to video, which increases the amount of storage needed. Storage devices are therefore expected to grow at the fastest Compound Annual Growth Rate (CAGR) throughout the course of the projection period.
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Market for IP video surveillance cameras to grow at higher CAGR during the forecast period.
Renowned for their ability to record high-quality, high-frame-rate footage, IP cameras have become a popular option in the security sector. One of their main advantages is that they offer more flexibility for interconnectivity with different types of cameras and make it easier for the network of linked cameras to grow. IP security cameras use protocols like WEP, WPA, WPA2, TKIP, and AES for encryption and authentication in order to guarantee safe data transmission. Additionally, these cameras integrate well with Network Video Recorders (NVRs) because to their wireless connectivity. One of the main highlights is the remote access feature, which enables monitoring from any computer in the world as well as from a variety of mobile devices, such as laptops and smartphones. Many businesses and organisations have switched to IP-based camera systems because of its increased functionality and digital recording capabilities.
Market for military & defense vertical to register the highest CAGR for video surveillance market.
Drone integration with the Command, Control, Communications, Computer, Intelligence, Surveillance, and Reconnaissance (C4ISR) system has become a highly viable and advantageous application in the military and defence sector. Drones provide enhanced tactical capabilities along with streamlined maintenance and operation processes. Their adaptability allows them to do a wide range of tasks, such as intelligence gathering, monitoring illicit activity, supporting ground forces, and conducting mountain search and rescue. Mobile video surveillance is widely used by the military and aerospace industry for a variety of purposes, including border security, search and rescue operations, and peace treaty monitoring. It is essential in regulating the entry of refugees into places of great importance, keeping an eye on the security perimeters surrounding base camps and embassies, and guaranteeing the safety of resource exploration and target tracking.
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Market in APAC estimated to grow at the highest CAGR during the forecast period.
Over the course of the forecast period, the mobile video surveillance market is expected to grow at the greatest Compound Annual Growth Rate (CAGR) in the Asia Pacific region. The early adoption of cutting-edge technologies by the region—such as cameras, wireless networking, and integrated analytics for DVRs and NVRs—has resulted in a spike in the use of mobile video surveillance systems. The Chinese mobile video surveillance market has experienced significant growth due to various factors such as government initiatives aimed at improving urban safety against potential threats, rising spending on security equipment, the availability of affordable mobile video surveillance systems from local manufacturers, and an increased demand for IP systems in the transportation, law enforcement, and military & defence verticals.
Major vendors in the mobile video surveillance market include Hikvision (China), Dahua Technology (China), Axis Communications (Sweden), Bosch Security and Safety Systems (Germany), Hanwha Techwin (South Korea), Avigilon (Canada), Teledyne FLIR (US), Briefcam (US), Pelco (US), Uniview (China), Agent Video Intelligence (US), CP PLUS (India), Genetec (Canada), Huawei Technologies (China), Seon Design (Canada), Pro-Vigil (US), Strongwatch (US), Rosco Vision (US), VIVOTEK (Taiwan), MOBOTIX (Germany), Wireless CCTV (US), Strops Technology (Latvia), DTI Group (Australia), and Ivideon (US).
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