Mobile Video Surveillance Market Eyes $3.6 Billion Mark by 2027


Posted October 20, 2023 by avinashgogawale14

The Mobile Video Surveillance Market is anticipated to increase 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 is expected to rise from USD 2.4 billion in 2022 to USD 3.6 billion by 2027, representing a Compound Annual Growth Rate (CAGR) of 8.7% throughout this time frame. Mobile video surveillance systems are widely used in a variety of industries, including security, law enforcement, and transportation. Notably, recent developments in wireless signal processing have facilitated the development of extremely adaptable mobile video surveillance systems that seamlessly switch between Wi-Fi and cellular networks, increasing their versatility.

The incorporation of on-board analytics is an important trend in the field of mobile surveillance and security products. These analytics provide the systems more intelligence and offer useful information for improved security and monitoring. As on-board analytics' function develops, making mobile video surveillance solutions smarter, more effective, and more suited to satisfy the changing security needs of various businesses, it is projected that this trend will become even more prominent in 2022 and beyond.

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While the market for mobile video surveillance is expanding steadily, there is fierce competition among the market's competitors. Top businesses use strategic tactics to improve their product portfolios, boost market share, and broaden their market presence in order to obtain a competitive edge. The introduction of new items and ongoing product development are important strategies. For instance, in February 2022, the Chinese company Hikvision launched their TandemVu PTZ camera line, which combines PTZ and bullet camera capabilities into a single device. By enabling simultaneous monitoring of wide regions and specific security occurrences, this cutting-edge camera range does away with the need to deploy separate PTZ and bullet cameras.

In a similar vein, Sweden-based Axis Communications introduced the XF40-Q1785 Explosion-Protected Camera in April 2022 for use in potentially explosive settings. This camera is protected by a sturdy stainless steel casing that can endure high temperatures, ensuring secure functioning. Additionally, in March 2022, South Korean company Hanwha Techwin unveiled two twin channel multi-sensor cameras driven by AI. These cameras improve the capabilities of mobile video surveillance solutions by utilising deep learning-based object identification and classification in addition to license-free video and audio analytics. The industry's dedication to innovation and meeting changing security needs is demonstrated by these significant product launches and advances.

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Hanwha Techwin, formerly Samsung Techwin, is a well-known player in the market for video surveillance products. The company, which has its headquarters in South Korea, changed its name to Hanwha Techwin in 2015 after being acquired by the Hanwha Group. Hanwha Techwin, a company that specialises in security solutions, offers a wide selection of goods and services, such as CCTV, IP and network-based surveillance, access control, door entry systems, intruder detection, and more. Their dedication is to providing top-notch total security solutions that meet the varied needs of customers. They do this by providing high-resolution equipment and intelligent technologies that can both detect and prevent criminal activity as well as quickly and effectively adapt to new technological developments.

The mobile cameras from Hanwha Techwin are specifically made for use in transportation applications. They have a durable, vibration-resistant construction that complies with strict requirements like EN50155 and EN50121. This guarantees that even in the most difficult transportation environments, our cameras will consistently capture high-quality footage. Additionally, some versions are IP66/IK10 rated, providing improved durability and performance in challenging environments. These cameras can function well in settings that are vulnerable to extreme weather, variable climatic conditions, and dangers like tampering or physical attacks. Hanwha's dedication to providing tough and resilient camera solutions makes them the best choice for preserving the security and integrity of transportation systems under a variety of circumstances.

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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As a pioneer in the field of access control and video surveillance systems, Axis Communications stands out. The company was acquired by the Japanese multinational Canon in February 2015, making it the company's major shareholder. It's crucial to remember that Axis Communications still runs its business independently of Canon. To maintain its position as a market leader, the company keeps a laser-like focus on innovation, regularly creating and launching cutting-edge network technologies. In order to ensure a complete approach to addressing the changing needs of customers and industries, Axis Communications principally operates through two core business segments: Video and Others. This reinforces its dedication to developing security and surveillance solutions that are ahead of their time.

The market for mobile video surveillance is served by a full line of security and surveillance solutions from Axis Communications. Network cameras, video encoders, Network Video Recorders (NVRs), Video Management Systems (VMS), and other system devices are all included in this array. These products are used in a variety of industries, but are particularly prevalent in the law enforcement, transportation, and industrial sectors. The ruggedized onboard cameras offered by Axis Communications are notable since they are made for use on trains, trams, metros, and other transportation systems. These cameras function consistently under difficult circumstances because they meet the exacting EN50155 specifications designed specifically for railway use. Axis cameras are used outside of railroads on buses, emergency vehicles, trucks, and in industrial situations where they can endure vibrations and shocks.

With locations in more than 50 countries, Axis Communications has a substantial worldwide footprint. 179 nations across the Americas, Europe, Asia, the Middle East, and Africa are affected by the company's impact in addition to its physical presence in these regions. This broad network demonstrates Axis Communications' dedication to offering cutting-edge security and surveillance solutions on a global basis. Beijing Axis Communications in China, Axis Communications, Inc. in Canada, and Axis Communications (UK) Ltd in the United Kingdom are just a few of the company's numerous subsidiaries that further demonstrate its international reach and commitment to providing cutting-edge security technologies and services on a global scale.

News Covered:

https://www.globenewswire.com/en/news-release/2023/01/06/2584387/0/en/Mobile-Video-Surveillance-Market-Size-is-Anticipated-to-Gain-USD-3-6-Bn-by-2027.html

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Last Updated October 20, 2023