Future-Proofing Security: Mobile Video Surveillance Market Trends
It is expected that the Mobile Video Surveillance Market would develop at a remarkable compound annual growth rate (CAGR) of 7.9%, from USD 2.7 billion in 2024 to USD 3.9 billion by 2029. The market, which is divided into segments based on hardware, software, and services, covers a wide range of applications, including buses, trains, police cars, transport vehicles, and drones. These applications cater to verticals including transportation, law enforcement, and the industrial sector. The reason for this growth trajectory is the growing demand for sophisticated surveillance solutions to guarantee security and safety across a range of sectors and transportation modes. In order to satisfy changing security issues and international regulatory standards, the market is expected to grow further due to the spread of IoT technology and the integration of AI and analytics into video surveillance systems.
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Because they provide real-time monitoring and increased security, mobile video surveillance systems have become essential in a variety of industries, including transportation, law enforcement, and industrial settings. Modern mobile surveillance systems can effortlessly switch between Wi-Fi and cellular networks thanks to developments in wireless signal processing, guaranteeing continuous connectivity and data transmission. Furthermore, by incorporating on-board analytics, these systems are revolutionising the ability to monitor, offering actionable insights and facilitating wise decision-making. As a result, it is expected that in the upcoming years, there will be a sharp increase in demand for on-board analytics, which will fuel additional innovation and growth in the mobile video surveillance industry.
The market for mobile video surveillance is growing steadily, but it's still very competitive, with companies always trying to improve their products and strengthen their positions. Prominent corporations utilise many approaches to accomplish these goals, primarily concentrating on the introduction of novel products and advancements in existing ones. These firms hope to obtain a competitive advantage, strengthen their position in the market, and respond to changing client needs by launching novel solutions and broadening their product offerings. Such strategic actions are essential for propelling market expansion and maintaining growth momentum in the mobile video surveillance industry as the competition heats up.
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| Report Metric | Details |
| Market size value in 2022 | USD 2.4 Billion |
| Market size value in 2027 | USD 3.6 Billion |
| Growth rate | CAGR of 8.7% |
| Market size available for years | 2018–2027 |
| Base year considered | 2021 |
| Forecast period | 2022-2027 |
| Forecast units | Value (USD Billion/Million), Volume (Million Units) |
| Segments covered | Offering, Application, Vertical, and Geography |
| Geographies covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Companies covered |
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With operations in Korea, the Americas, Europe, and the Asia Pacific area, Hanwha Techwin has a global footprint. The company's vast network consists of a number of subsidiaries that are positioned strategically in important global marketplaces. Samsung Techwin (Europe) Ltd. in the United Kingdom, Shanghai Samsung Techwin Co., Ltd. in China, Techwin Engineering Centre in Japan, and Samsung Techwin Do Brasil Equipamentos de Seguranca Ltda. in Brazil are a few of its noteworthy subsidiaries. Samsung Opto-Electronics America, Inc. is based in the United States. Because of its extensive reach, Hanwha Techwin is able to service a wide range of markets and successfully meet the unique needs of clients in different geographical areas, which helps to solidify its position as a major player in the global security solutions market.
One notable industry leader that is well-known for its state-of-the-art access control and video surveillance systems is Axis Communications. Axis Communications has remained independent even after being purchased by the Japanese multinational Canon in February 2015; Canon still owns the majority of the company. To maintain its dominant position in the industry, the company has persistently introduced cutting-edge network products as part of its unwavering pursuit of innovation. The two main business segments of Axis Communications are Video and Others. With this strategic approach, the company can concentrate on providing outstanding solutions to meet the needs of a wide spectrum of customers in different industries.
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In order to meet the needs of the mobile video surveillance industry, Axis Communications offers a wide variety of network cameras, video encoders, NVRs, VMSs, and system components. Numerous industries, including transportation, industrial, and law enforcement, make substantial use of these items. Axis Communications provides ruggedized onboard cameras that fulfil the strict EN50155 specifications for railway applications and are ideal for surveillance on trains, trams, and metros. These cameras are specifically made to endure the rigours of mobile settings. In addition, these cameras are used in trucks, buses, emergency vehicles, and industrial environments where they are subjected to vibration and shock. Furthermore, the business offers open-platform body-worn cameras specifically made for law enforcement applications. These cameras have a lightweight, durable design that makes them easy to use in the field.
North America is expected to account for a dominant share of the market
It is anticipated that there would be a significant increase in the need for sophisticated surveillance cameras throughout North America, which includes the US, Canada, and Mexico, especially for military and defence purposes. The growing installation of surveillance equipment is expected to propel significant growth in the US industry in particular. Since there have been a lot of terrorist and criminal activities in North America lately, there is a greater focus on strengthening security measures, which has resulted in a rise in the installation of mobile video surveillance cameras along international and regional borders. In the upcoming years, it is projected that this tendency will significantly fuel expansion in the mobile video surveillance market throughout the area. Interestingly, US-based firms like Avigilon, Cisco, Honeywell, and Pelco dominate the North American market.
Recent Developments
- In June 2022, Axis Communications (Sweden) launched the next generation of AXIS M11 Box Cameras offering superb image quality even in low light conditions. The indoor models, AXIS M1135 Mk II and AXIS M1137 Mk II, offered 2 MP and 5 MP resolution, respectively. The two outdoor-ready models, AXIS M1135-E Mk II and AXIS M1137-E Mk II, came enclosed in an IP66-, IK10- and NEMA 4X-rated casing to protect against water, corrosion, dust, and impacts.
- In February 2022, Hikvision (China) launched its new TandemVu PTZ camera range, integrating PTZ and bullet camera capabilities into a single unit. TandemVu PTZ cameras could monitor large areas and zoom in on specific security incidents while focusing simultaneously on both ‘viewpoints.’ These cameras would eliminate the need to deploy separate PTZ and bullet cameras in pairs.
- In February 2022, Bosch Security and Safety Systems (Germany) announced the launch of its new MIC IP fusion 9000i 9-mm cameras providing maximum situational awareness for perimeter detection applications. Its wider thermal field of view minimized prepositions to quickly deliver 360° coverage.
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