Surveillance Devices Market, By Type (Audio Surveillance, Video Surveillance, Analysis, Phone Monito

Published Date: | Report Code : IT1950934

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Increasing population, terrorist threats, and other such reasons are expected to drive the growth of the Surveillance Devices Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Surveillance devices are used to identify, track, and monitor behaviors, actions, and communications of individuals for spying and policing purposes. There are several types of surveillance systems, which include audio, video, phone monitoring, etc.

Nowadays, surveillance devices are used everywhere, from roads to buildings to shops. Due to the increasing crime rates, almost all businesses whether small or big use surveillance devices to monitor and secure their premises. Governments throughout the world are using these devices to monitor the lives of their citizens. One such initiative was the Five Eye Alliance among the US, the UK, Canada, Australia, and New Zealand. The aim of this organization was to set up a global surveillance network, which was code-named “Echelon”. The existence of this organization was hardly acknowledged by other governments and the mainstream media until the ‘Global Surveillance disclosures’ by Edward Snowden. This disclosure by Snowden led to a global debate about the right to privacy in the digital age.

The video surveillance type segment is expected to account for a prominent share of the market. Due to the increasing penetration of Internet Protocol (IP) cameras for home and retail security solutions, the video surveillance segment is expected to grow significantly.

The market for surveillance devices is expected to grow in the Asia Pacific region due to the increasing number of manufacturing plants and other businesses starting in these regions as a result of the ongoing industrialization. Moreover, due to terrorism, governments are increasing their budgets for surveillance devices to prevent any imminent attack. Furthermore, rapid urbanization in this region is leading to infrastructural development and governments of countries in this region are incorporating the use of video surveillance cameras to monitor traffic flow in respective countries.

North America is expected to account for the largest share of the market due to readiness in adopting new technologies, growing competition among wireless security camera vendors, increasing demand for security, and high disposable income, which is leading to high procurement of these devices for safety.

Key Factors Impacting Market Growth:

  • Increasing penetration of Internet Protocol (IP) cameras
  • High government investments
  • Rising demand from the Asia Pacific due to rapid urbanization and industrialization
  • The threat of terrorist activities

Key Developments:

  • In November 2017, Schneider Electric acquired Asco Power Technologies (ASCO), a leader in the Automatic Transfer Switch (ATS). The acquisition improved Schneider Electric’s EcoStruxure Power Platform in key markets and segments.
  • In November 2017, Honeywell introduced a self-monitored smart home security system to safeguard and secure homes. It is expected to enable enhancements in the future, such as wireless motion viewers and facial recognition to provide expanded home coverage.
  • In September 2017, a new network radar detector was launched by Axis Communications AB, the AXIS D2050-VE, which is the first product in the market with the radar technology.
  • In January 2017, Bosch acquired ITK Engineering to strengthen the company’s business in custom system and software development services in the global market. 

Regional Outlook:

By region, the surveillance devices Market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the surveillance devices market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America surveillance devices market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Honeywell, Axis Communications, Bosch Security System, Cisco Systems, Micropower Technologies, Panasonic Corporation, D-link, Zhejiang Dahua Technology Co., and Zmodo Logitech.

Market Segmentation:

By Type:

  • Audio Surveillance
  • Video Surveillance
  • Analysis
  • Phone Monitoring
  • Location Monitoring
  • Others

By End User:

  • Residential
  • Commercial
  • Industrial
  • Government

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-User
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
    • By Type
    • By End-User
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia Rest of Asia Pacific)
    • By Type
    • By End-User
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By End-User
  • Rest of the World
    • By Region (South America and Africa)
    • By Type
    • By End-User

Reasons to Buy This Report:

  • Market size estimation of the global surveillance devices market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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