The Asia Pacific Video Surveillance Market is expected to witness market growth of 12.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Video Surveillance Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $18.58 billion by 2031. The Japan market is expected to witness a CAGR of 12% during 2024-2031. Additionally, the India market would register a CAGR of 13.4% during 2024-2031.
Video surveillance is widely used in transportation systems to monitor traffic flow, detect accidents, and manage congestion. Surveillance cameras installed on highways and intersections enable traffic authorities to detect accidents in real-time and provide rapid responses. Additionally, cameras monitor public transportation systems like buses and trains, ensuring passenger safety and tracking vehicles.
In the retail sector, video surveillance systems are commonly used to prevent shoplifting, ensure the safety of customers and employees, and monitor cash registers. Advanced analytics and AI-enabled systems are increasingly being used to detect suspicious activities, such as unusual movements or people loitering, in real time.
Video surveillance systems play a crucial role in both preventing and detecting crimes. Visible cameras can deter potential offenders, reducing the likelihood of breaking-ins and thefts. Additionally, high-definition surveillance cameras equipped with features like night vision and motion detection help capture clear footage, aiding law enforcement agencies in identifying and apprehending criminals. The need for effective crime prevention and detection mechanisms drives the adoption of video surveillance technologies. The psychological impact of rising household crimes cannot be underestimated. A reliable video surveillance system provides homeowners peace of mind, knowing that their properties are monitored around the clock. In conclusion, the rising incidence of household crimes in Australia and increasing urbanization in India profoundly impact the video surveillance market.
The China market dominated the Asia Pacific Video Surveillance Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $18.58 billion by 2031. The Japan market is expected to witness a CAGR of 12% during 2024-2031. Additionally, the India market would register a CAGR of 13.4% during 2024-2031.
Video surveillance is widely used in transportation systems to monitor traffic flow, detect accidents, and manage congestion. Surveillance cameras installed on highways and intersections enable traffic authorities to detect accidents in real-time and provide rapid responses. Additionally, cameras monitor public transportation systems like buses and trains, ensuring passenger safety and tracking vehicles.
In the retail sector, video surveillance systems are commonly used to prevent shoplifting, ensure the safety of customers and employees, and monitor cash registers. Advanced analytics and AI-enabled systems are increasingly being used to detect suspicious activities, such as unusual movements or people loitering, in real time.
Video surveillance systems play a crucial role in both preventing and detecting crimes. Visible cameras can deter potential offenders, reducing the likelihood of breaking-ins and thefts. Additionally, high-definition surveillance cameras equipped with features like night vision and motion detection help capture clear footage, aiding law enforcement agencies in identifying and apprehending criminals. The need for effective crime prevention and detection mechanisms drives the adoption of video surveillance technologies. The psychological impact of rising household crimes cannot be underestimated. A reliable video surveillance system provides homeowners peace of mind, knowing that their properties are monitored around the clock. In conclusion, the rising incidence of household crimes in Australia and increasing urbanization in India profoundly impact the video surveillance market.
List of Key Companies Profiled
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Axis Communications AB (Canon, Inc.)
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Teledyne FLIR LLC
- Sony Corporation
- Zhejiang Dahua Technology Co., Ltd.
- Swann Communications Pty. Ltd. (Infinova Group)
Market Report Segmentation
By System Type
- IP Surveillance
- Analog Surveillance
- Hybrid Surveillance
By End User
- Commercial
- Military & Defense
- Infrastructural
- Residential
- Other End Users
By Component
- Hardware
- Camera
- Monitor
- Storage
- Accessories
- Software
- Video Analytics
- Video Management Software
- Services
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Video Surveillance Market by System Type
Chapter 6. Asia Pacific Video Surveillance Market by End User
Chapter 7. Asia Pacific Video Surveillance Market by Component
Chapter 8. Asia Pacific Video Surveillance Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Axis Communications AB (Canon, Inc.)
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Teledyne FLIR LLC
- Sony Corporation
- Zhejiang Dahua Technology Co., Ltd.
- Swann Communications Pty. Ltd. (Infinova Group)
Methodology
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