Emerging Trends Propel Mobile Video Surveillance Market to $3.6 Billion by 2027


Posted June 6, 2023 by avinashgogawale14

The Mobile Video Surveillance Market is anticipated to rise from USD 2.4 billion in 2022 to USD 3.6 billion by 2027, with a CAGR of 8.7%.

 
The Mobile Video Surveillance Market would increase significantly from USD 2.4 billion in 2022 to USD 3.6 billion by 2027. During the projected period, this increase is anticipated to occur at a compound annual growth rate (CAGR) of 8.7%.

Mobile video surveillance systems are now necessary in many different contexts, such as law enforcement, transportation, industrial locations, and more. In dynamic areas where standard fixed surveillance may not be practical or sufficient, these systems offer additional security and monitoring capabilities. New developments in wireless signal processing have made it possible to create mobile video surveillance systems that can function on both cellular and Wi-Fi networks. Even in remote or difficult areas, this flexibility enables uninterrupted communication and real-time video streaming.

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The mobile video surveillance market is steadily expanding, which is increasing rivalry among market participants. Leading companies in the sector are implementing crucial initiatives to improve their product portfolios, increase their market share, and fortify their market presence. The introduction of new items and ongoing product development are some of the main tactics being used. As a result, businesses may continue to be at the forefront of innovation and satisfy customers' changing needs.

For instance, the TandemVu PTZ camera line was unveiled by Hikvision, a major player from China, in February 2022. PTZ (pan-tilt-zoom) and bullet camera capabilities are combined in one device by this inventive range. TandemVu PTZ cameras are made to concurrently watch broad areas and zero in on certain security incidents from various angles. By doing away with the requirement for separate PTZ and bullet camera deployment, this integration offers a more effective and affordable surveillance system.

Similar to this, major Swedish company Axis Communications introduced the XF40-Q1785 Explosion-Protected Camera in April 2022. This sturdy fixed box camera features a stainless steel casing that can endure high temperatures ranging from -50 °C to 60 °C (-58 °F to 140 °F) and is approved for use in potentially flammable areas. The XF40-Q1785 provides dependable surveillance in risky situations while guaranteeing safe operation in difficult circumstances.

Two AI-powered dual-channel multi-sensor cameras were launched in March 2022 by Hanwha Techwin, a reputable South Korean business. These cameras have robust object detection and classification based on deep learning, as well as license-free video and audio analytics. Artificial intelligence integration improves the cameras' capabilities by enabling sophisticated object identification and analysis as well as providing insightful data for security applications.

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A well-known manufacturer and supplier of security personnel's video surveillance solutions is Hanwha Techwin, formerly known as Samsung Techwin. The business enjoys a solid reputation in the market and is regarded as one of the top competitors. Samsung Techwin was purchased by the Hanwha Group, a sizable corporation with headquarters in South Korea, in 2015. The company was renamed Hanwha Techwin after the acquisition, utilising the resources and knowledge of the Hanwha Group to further improve its offerings and market presence.

Closed-circuit television (CCTV), IP and network cameras, access control systems, door entry systems, intruder detection systems, and other security solutions are all provided by Hanwha Techwin. These solutions offer thorough and dependable security measures while catering to the varying needs of consumers across various sectors. The business is dedicated to providing top-notch complete security solutions that include sophisticated technology and high-resolution equipment. Hanwha Techwin's solutions may successfully address increasing security concerns brought on by new technologies by employing cutting-edge technology.

The mobile cameras from Hanwha Techwin are made exclusively for transportation applications and provide dependable video surveillance solutions in a variety of transportation settings. Because they are designed to endure vibrations and adhere to the exacting EN50155 and EN50121 requirements, these cameras will hold up well and work well in transportation environments. The rolling stock, which includes trains, trams, and buses, is the subject of the EN50155 standard. Hanwha's mobile cameras can work dependably and deliver excellent video footage even in conditions with vibrations, shocks, and variable temperatures thanks to compliance with this specification.

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).

Axis Communications is a well-known industry pioneer in the creation and promotion of access control and video surveillance products. Canon, a well-known Japanese multinational firm, acquired the business in 2015, making Canon the company's main shareholder. Axis Communications continues to run independently despite the takeover. Through consistent innovation and the introduction of cutting-edge solutions, the company has established itself as a dependable supplier of cutting-edge network products. Axis Communications is committed to creating and introducing cutting-edge products that satisfy clients' changing security industry needs.

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The two main business segments of Axis Communications are video and others. Network cameras, video encoders, video management software, and analytics tools are just a few examples of the numerous video surveillance technologies covered by the Video section. For improved security and situational awareness, these services are intended to provide high-quality video capture, effective storage, and intelligent video analysis.

Network cameras, video encoders, network video recorders (NVRs), video management software (VMS), and other system components for the mobile video surveillance market are all produced by industry leader Axis Communications. The company's extensive product line is used in a variety of industries, including law enforcement, transportation, and manufacturing. For surveillance applications on trains, trams, and metros, Axis Communications specialises in providing ruggedized onboard cameras. These cameras meet the exacting EN50155 standards, which were created especially for use in railway applications. Axis Communications assures that their onboard cameras provide dependable performance and robustness in harsh railway environments by adhering to these rigid criteria.

Axis Communications is a multinational business with a significant presence abroad. The business has offices across more than 50 nations, giving it a significant global presence. The 179 nations that make up its partner network include those in the Americas, Europe, Asia, the Middle East, and Africa. Axis Communications is able to efficiently support customers and offer its cutting-edge security solutions on a global scale because to its vast partner network. These partners work closely with the business to provide local knowledge, assistance, and distribution channels, ensuring effective access to Axis Communications' goods and services in numerous international markets.

Axis Communications proves its dedication to providing complete security solutions around the world by creating a strong network of partners and subsidiaries and a wide presence. With such a wide customer base, the business is able to offer localised assistance, expertise, and customization to clients in various locations, assuring the successful implementation of their cutting-edge access control and video surveillance products.

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Last Updated June 6, 2023