Thailand Video Surveillance Market witnessed decline in 2020 owing to various restrictions imposed by government causing halt in construction sector as pandemic negatively impacted the construction companies in the country due to factors such as delay in projects, labor shortage, supply chain delay and increased material costs. Around 290 Large scale government projects were vastly affected with the total value of 6.6 billion USD. However, the market has returned to its growth trajectory in 2022 & 2023 as after the contraction it grew at 4% in 2022 and is expected to grow at 5% in 2023, owing to robust demand from home improvement and renovation in the residential sector and new hotel room openings along with huge urbanization in form of smart cities across the country.
According to the publisher, Thailand Video Surveillance market revenues is projected to grow at a CAGR of 12.7% during 2023-2029. Growing infrastructure projects such as Maptaphut Seaport project, U-Tapao International Airport project, New Motor Way Construction project and New Metro line projects along with increasing video surveillance equipment need in smart cities of Thailand would propel the growth of the Video Surveillance Market in Thailand. Transition towards IP surveillance technology is also spurring the demand for video surveillance systems principally in hotels and several convenience stores and shopping malls & outlets. Also, rising tourism industry propelling growth in hospitality and commercial sector in Thailand will increase the requirement for video surveillance market in Thailand especially in major urban cities such as Bangkok, Pattaya, Phuket and others.
Market by Components
In 2022, video surveillance cameras acquired the majority share in Thailand Video Surveillance Industry. As in 2022, Smart city projects, new metro line projects and some port development projects were under construction. Therefore, the increasing government investment towards deployment of security cameras would be a key driver in sustaining the dominant position of video surveillance cameras in the market.
Market by Applications
In 2022, by applications, government and transportation sector acquired the majority share in Thailand video surveillance market to protect government properties from damage and to keep their important data safe as they have large amounts of data in the form of user records, public policies, etc. Transportation sector of Thailand held the majority share along with government sector as public transports need to be equipped with video surveillance system to decrease crimes in the region.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Thailand Video Surveillance Market Overview
- Thailand Video Surveillance Market Outlook
- Thailand Video Surveillance Market Forecast
- Historical Data and Forecast of Thailand Video Surveillance Market Revenues & Volume for the Period 2019-2029F
- Historical Data and Forecast of Thailand Video Surveillance Market Revenues & Volume, By Components, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Video Surveillance Camera Market Revenues & Volume, By Camera Type, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Video Surveillance Recorder Market Revenues & Volume, By Recorder Type, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Video Surveillance Market Revenues, By Applications, for the Period 2019-2029F
- Market Drivers and Restraints
- Thailand Video Surveillance Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Thailand Video Surveillance Market Revenue Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Components
- Video Surveillance Cameras
- Video Surveillance Recorder
- Video Surveillance Encoder
- Video Management Software
By Applications
- Banking & Financial
- Government & Transportation
- Retail & Logistics
- Commercial Offices
- Industrial & Manufacturing
- Residential
- Hospitality & Healthcare
- Educational Institutions
Table of Contents
1. Executive Summary
Companies Mentioned
- Axis Communications AB
- Bosch Security Systems Inc
- Hanwha Corporation
- Zhejiang Dahua Technology Co. Ltd.
- Honeywell International Inc.
- Panasonic Corporation
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Cisco Systems Inc.
- Avigilon Corporation
- Pelco Corporation
