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Installed video surveillance cameras to exceed 245 million units in 2015
Global SourcesUpdated on 2023/12/01
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IHS sees the global market expanding over the next three years.
The global video surveillance market will grow at an annual rate of 12 percent through 2018. Source: IHS
According to research firm IHS, there were a record 245 million professionally-installed active video surveillance cameras in 2014. Most of these were analog cameras, 20 percent were network cameras while 2 percent were HD CCTV cameras. IHS already predicted in a report released earlier this year that the global market’s growth rate will be more than 10 percent annually through 2018. Thus, the number of installed units could exceed 245 million units rapidly in 2015 and beyond.
The firm noted that while the Asian region accounted for 65 percent of all installed security cameras in 2014, a share that is expected to grow to 68 percent in 2016. The character of the markets is quite different – in China, for example, cheaper cameras with less reliability are favored due to low installation costs. On the other hand, in Western markets, there is “a price premium and a focus on reliability.”
HD CCTV cameras is seen to remain a significant growth market in 2015. Growth from 2013 to 2014 was 300 percent and while overall sales are still expected to be heavily analog this year, HD CCTV digital solutions will become a key revenue driver.
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