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The global security camera market is expected to ship 260 million units in 2028

2024-09-27

Recently, Omdia released the 2024 edition of the “Global Intelligent Video Surveillance Market Report”. According to Omdia estimates, the global security camera market (HD analog cameras, network cameras, explosion-proof cameras, and thermal imaging cameras) shipped about 190 million units in 2023, and the overall shipment is expected to reach 260 million units by 2028. In 2023, shipments from China accounted for nearly 56% of the global camera market. As the market continues to expand, shipments in China are expected to grow to approximately 150 million units by 2028, with a compound annual growth rate of 7.0%.

From the perspective of vertical industries, according to the report data of the Omdia video surveillance equipment vertical market statistics and forecasts, by 2028, the global transportation market size will reach about 6 billion US dollars, and its compound annual growth rate is expected to be 8.6%, becoming one of the fastest growing vertical markets. The development of smart cities and government investment in transportation infrastructure provide a huge market space for video surveillance equipment.

With the concept of smart city deeply rooted in the hearts of the people, the application of artificial intelligence in the field of urban monitoring is becoming more and more extensive. In recent years, the pressure caused by the epidemic on the global economy has prompted governments to seek industrial development that can bring economic benefits, and the smart parking industry has ushered in a period of rapid development. With its wide applicability, the intelligent parking system can meet the parking needs of indoor and outdoor environments such as commercial buildings, residential areas, and shopping centers. Camera manufacturers are using artificial intelligence to provide intelligent solutions for parking lot management. The combination of cloud technology and fully automated management has driven the transformation of global parking lots to unmanned operations.

In the face of growing global environmental challenges, governments and businesses around the world are embedding sustainability into their core strategies to achieve carbon reduction goals through plans and laws. Video surveillance industry leaders such as Hikvision, Dahua, Axuns and Hanwha have demonstrated their strong commitment to sustainability by joining the United Nations Global Compact and publishing their annual ESG reports. From a product technology perspective, low-power components such as AOV SoCs and sensors are reducing the energy consumption of cameras. At the same time, renewable energy products such as solar-powered wireless cameras are rapidly gaining popularity in remote areas, which can effectively reduce installation and operating costs. In addition, digital twin technology contributes to the sustainable development of the environment by integrating sensors to improve environmental monitoring and management capabilities.

AIoT is revolutionizing the security industry, with surveillance cameras increasingly integrating with other sensors to enable multi-dimensional perception. For example, laser vision all-in-one cameras can accurately monitor traffic even in bad weather, while thermal imaging cameras combined with environmental sensors help with early fire detection. Driven by the development of multimodal models and large models, AIoT solutions are developing rapidly. These models can be trained on machine-generated datasets that are tailored to the specific requirements of various industries. The ability to train on different datasets allows AIoT systems to better adapt and respond to the unique needs of different industries. In an era of constant change and evolution of the security landscape, this adaptability is crucial.

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