Japan Video Surveillance - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The Japan Video Surveillance Market size is estimated at USD 8.10 billion in 2024, and is expected to reach USD 11.30 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).

Key Highlights

• Video surveillance systems usually consist of cameras, recorders, monitoring/display units, and video management systems with various design features and functionalities. These systems can be applied to a building or the interior and exterior areas of a property/public place. These systems are usually designed to operate 24/7, with capabilities to only record events continuously, in response to movement, or during specific hours/periods of the day.
• Japan has remained among the prominent markets for video surveillance systems in Asia-Pacific for years. A higher focus of government on ensuring the safety of the inhabitants, along with the higher proliferation of advanced security and surveillance solutions among the consumers, continues to remain among the key driving factors to the market's growth in the country.
• Technological evolution in video surveillance systems/solutions drives their use cases and demand across various end-user verticals. In Japan, initiatives have been taken by law and enforcement authorities to leverage AI-enabled surveillance systems to enhance security services. For instance, in 2023, Japanese police announced plans to leverage AI-based technologies to protect public figures.
• Controlling the rising crime rates in various areas of the country is another major challenge faced by security agencies, encouraging them to adopt advanced surveillance solutions. For instance, the Japanese National Police Agency announced installing about one thousand security cameras around the earthquake that hit Ishikawa prefecture to control crime rates.
• However, factors such as the higher cost of procuring and installing advanced video surveillance systems/solutions remain among the major challenging factors for the market's growth. Also, the need to develop a pool of skilled workforce to manage and operate advanced video surveillance infrastructure is another major challenge the market faces.
• The pandemic outbreak is observed to impact the market's growth notably. During the pandemic, surveillance cameras emerged among effective lockdown implementation tools. Despite the influence of the pandemic being reduced, the exposure to the use of technology during the pandemic is anticipated to encourage consumers and businesses across sectors such as healthcare to invest in advanced video surveillance technology, which will drive the market's growth during the forecast period.

Japan Video Surveillance Market Trends

The Camera Segment to Hold a Significant Market Share

• Surveillance cameras have been growing in Japan in both residential and commercial segments. Due to a higher rate of urbanization, the use of security cameras is prevalent in Japanese households. According to the data provided by the World Bank, more than 90% of the Japanese population lives in urban areas.
• A higher share of the aged population is another major factor driving the adoption of surveillance cameras. It helps the users track activities at their households/residential premises even when they are not physically present. Also, video surveillance can help family members monitor elderly members/kids. Hence, the forecast period is anticipated to witness a higher adoption of surveillance cameras in the residential segment.
• Also, crime in residential/commercial places is anticipated to encourage consumers and business enterprises to adopt video surveillance cameras. For instance, according to the data provided by e-stat (Japan) and the National Police Agency, Kanto was the region with the highest number of homicide cases recorded by the police, followed by areas such as Kinki, Tokyo Prefecture, and Kyushu.
• Japan also has a higher footprint in the industrial sector. Over the years, the number of business enterprises operating in the country has grown significantly. As business enterprises, especially in the more significant segment, usually operate from multiple sites or multistorey buildings, security cameras are used considerably to ensure the safety and security of premises and assets. Hence, the expanding footprint of the industrial segment/ offices in the country will support the market's growth during the forecast period.

Adoption in the Commercial Segment to Witness Substantial Growth

• Japan is a highly urbanized country, with most of the population living in urban areas. As a result, the number of commercial establishments in the country is high. With the growing urban population and consumer demand, the number is anticipated to continue growing, driving opportunities in the market. Security cameras have become essential to maintain security across such establishments.
• For instance, according to MLIT (Japan) and e-Stat (Japan), Japan has witnessed a stable growth in the number of office buildings. In 2023, the country witnessed construction start for about 9,580 office buildings across different regions.
• Similarly, according to the 2023 survey report of Mori Building Co. Ltd, a leading urban landscape developer in Japan, the supply ratio of properties in Tokyo's 23 core cities with total office-floor space of 100,000 sq. m or more was estimated to increase to 80% in 2023 and 75% in 2027, indicating an upward trend in building scale.
• Considering the growing urban population, the demand for commercial establishments such as retail/convenience stores, shopping malls, hotels, etc., is also anticipated to remain high in the country, creating a favorable outlook for the studied market's growth. For instance, according to data provided by Nippon Software, in 2023, Seven-Eleven was the major convenience store operator in the country with 21,111 stores, followed by FamilyMart and Lawson.

Japan Video Surveillance Industry Overview

The video surveillance market in Japan is competitive owing to the presence of several local and global players. The competition among the vendors is anticipated to grow during the forecast period as the growing demand for video surveillance systems will attract more vendors. Vendors are expected to compete primarily in technological development and acquiring new consumers. Hence, a significant part of their strategy will be gaining technological expertise, developing innovative solutions, expanding new regions, and acquiring/partnerships with other vendors. Some major market players include Honeywell, Bosch, Panasonic, and Sony Corporation.

May 2024 - Secom VMS was launched in Japan. According to the company, the newly launched VMS is compatible with over 600 models of surveillance cameras from 25 manufacturers. It can collectively manage hundreds of surveillance cameras installed in extensive facilities. Also, Secom VMS enables users to check recorded and live videos from surveillance cameras from a tablet, computer, or smartphone and easily switch between split displays and choose recorded data.

February 2024 - The National Police Agency of Japan announced installing about 1,000 security cameras at evacuation centers and other places in Ishikawa Prefecture to prevent crimes such as burglaries and sexual assaults in the quake-stricken region.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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