Philippines CCTV Market (2020-2026) | Industry, Trends, Forecast, Growth, Outlook, Share, Value, Revenue, Analysis, Size, Segmentation & COVID-19 IMPACT

Philippines CCTV Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Singapore. It has registered a growth of 15.02% over the previous year. While Singapore registered a growth of 2.68% as compared to the previous year. In the year 2017, China was the largest exporter followed by Singapore. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the Philippines has a Herfindahl index of 1339 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1738 which signifies moderately concentrated in the market.

Philippines CCTV Market - Export Market Opportunities

Topics Covered in the Philippines CCTV Market

The Philippines CCTV Market report thoroughly covers the market by product types, by technology, by applications, and by surveillance components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Philippines CCTV Market

The Philippines CCTV Market continues to grow in the coming years underpinned by the Advancements in technology to improve and provide comprehensive security and the rising shift towards using cloud-based storage solutions. Furthermore, the integration of advanced technologies including, artificial intelligence and machine learning into security surveillance systems for efficient monitoring and security is a lucrative opportunity for market expansion in the coming years. A continuous investment by companies in upgrading CCTVs for better security measures is estimated to bolster the growth of the Philippines CCTV industry.

Philippines CCTV Market Synopsis

The Philippines CCTV Market is estimated to grow substantially backed by the rising various factors such as increasing adoption of surveillance cameras in public places, residential complexes, and the commercial sector. However, poor infrastructure such as power outages can disrupt CCTV functions leading to loss of footage and low adoption rate of advanced CCTVs due to high cost are several challenges that affected the market growth. Nonetheless, the rising crime rate leads to increasing sales of CCTVs to ensure massive protection from thefts & suspicious activities.

According to 6Wresearch, the Philippines CCTV Market size is projected to witness tremendous growth during 2020-2026. The market is driven by the rising installation rates of CCTVs across several end sectors including, residential, commercial, and BFSI. Additionally, rapid urbanization and rising consumer purchasing power that enable them to afford advanced technology enabled CCTV to ensure better protection from increasing crime rates, this factor is estimated to bolster the market growth at a considerable rate. Smart City initiatives by the government, leading to accelerating the need for smart CCTVs for efficient monitoring and security is one of the major trends driving the Philippines CCTV Market growth in the upcoming years.

COVID-19 Impact on the Philippines CCTV Market

The COVID-19 pandemic had leave a profound impact on the Philippines CCTV Market. Several preventive measures were imposed during the lockdown phase are restrictions on trade, interrupted supply chain, and raw materials supply being disrupted led to a slowdown in the manufacturing process coupled with decreased product demand. Also, the closure of industries and the downfall economy were other factors that led to the decline in the CCTV installation rates in the country.

Key Players in the Philippines CCTV Market

Some key players operating in the country with a strong market presence and offering ranges of security and surveillance products are mentioned below:

• Hikvision is a leading security and surveillance provider in the country with a strong market presence. Who provides a range of IP cameras, analog cameras, and video management software.
• Dahua Technology is another well-known security surveillance provider who is offering a spectrum range of security products and security including, IP cameras, analog cameras, and video management software.
• Dahua Technology is another leading player in the country who is offering a spectrum range of security surveillance products including, video recorders, analog cameras, and intelligent video analytics.
• Samsung is a leading company that has a wide presence throughout the globe with a strong market presence. They offer analog, network video recorders, and IP-based cameras at a competitive range.

Market Analysis by Product Types

Based on the product types, each product type is collectively contributing to the market growth driven by some growing factors such as technological advancements and cost-effectiveness. All product types including, Conventional, Discreet, Dome, and Bullet CCTV Cameras are driving the product demand and securing massive growth in the market.

Market Analysis by Technology

Based on the technology, all technologies are driving the market growth, however, IP-based CCTV systems are estimated to hold the largest Philippines CCTV Market share underpinned by their benefits including high-resolution imaging, remote managing, greater flexibility, and scalability.

Market Analysis by Applications

According to Shivankar, Research Manager, 6Wresearch, the BFSI sector is bolstering the demand for CCTV installation due to the high risk of fraudulent activities in this sector, hence to ensure comprehensive security advanced CCTVs are rising.

Market Analysis by Surveillance Components

Based on the surveillance components, it is difficult to figure out the leading components as all components including, CTV Camera, Video Surveillance Storage Mechanisms, and Video Surveillance Software have been used that cater different needs of the customers.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines CCTV Market Outlook
• Market Size of Philippines CCTV Market, 2019
• Forecast of Philippines CCTV Market, 2026
• Historical Data and Forecast of Philippines CCTV Revenues & Volume for the Period 2016 - 2026
• Philippines CCTV Market Trend Evolution
• Philippines CCTV Market Drivers and Challenges
• Philippines CCTV Price Trends
• Philippines CCTV Porter's Five Forces
• Philippines CCTV Industry Life Cycle
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Product Types for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Conventional for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Discreet for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Dome for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Bullet CCTV Cameras for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Technology for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Analog CCTV Systems for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Wireless CCTV Systems for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By IP-based CCTV Systems for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Hybrid CCTV Systems for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By BFSI for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Healthcare for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Transportation for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Education for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Business for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Retail for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Surveillance Components for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By CCTV Camera for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Video Surveillance Storage Mechanisms for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Video Surveillance Software for the Period 2016 - 2026
• Historical Data and Forecast of Philippines CCTV Market Revenues & Volume By Analytics for the Period 2016 - 2026
• Philippines CCTV Import Export Trade Statistics
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Applications
• Market Opportunity Assessment By Surveillance Components
• Philippines CCTV Top Companies Market Share
• Philippines CCTV Competitive Benchmarking By Technical and Operational Parameters
• Philippines CCTV Company Profiles
• Philippines CCTV Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types

• Conventional
• Discreet
• Dome
• Bullet CCTV Cameras

By Technology

• Analog CCTV Systems
• Wireless CCTV Systems
• IP-Based CCTV Systems
• Hybrid CCTV Systems

By Applications

• BFSI
• Healthcare
• Transportation
• Education
• Business
• Retail

By Surveillance Components

• CCTV Camera
• Video Surveillance Storage Mechanisms
• Video Surveillance Software
• Analytics