Market Forecast By Components (Video Surveillance System Cameras (Analog & IP/ Network Camera), Video Surveillance System Recorder (DVR & NVR), Video Surveillance System Encoder and Video Management Software, By Verticals (Banking & Financial, Government & Transportation, Retail & Logistics, Commercial Offices, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Educational Institutions), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand and Rest of APAC) and Competitive Landscape.
Product Code: ETC000867 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific (APAC) Video Surveillance System Market |
Forecast period | 2025-2031 |
CAGR | 13% |
Growing Sector | Banking & Financial |
The Asia Pacific (APAC) Video Surveillance System Market report thoroughly covers the market by Components, Verticals, and Countries. The market 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.
The Asia Pacific (APAC) Video Surveillance System Market has attained prominent growth and is expected to grow more in the future. This growth can be attributed to the rising concerns over public safety, government regulations mandating the use of surveillance cameras, the rise in criminal activities, and the growing need for advanced monitoring and control systems. However, the market will also face some challenges that would hinder the market growth.
According to 6Wresearch, the Asia Pacific (APAC) Video Surveillance System Market size is expected to grow at a significant CAGR of 13% during 2025-2031. The major driver for the growth of the market is the initiatives taken by the government. Governments across the Asia Pacific region are increasingly investing in video surveillance systems to enhance public safety and security. The rise of terrorist threats and criminal rates has led to demand for video surveillance systems in the market. These systems not only help in preventing the incidents but also help in identifying the suspect. Moreover, with the advancements in technology, there is a demand for advanced video surveillance systems that offer improved features such as facial recognition, object detection, and real-time monitoring. Additionally, the rapid urbanization in countries like China, India, and Japan has led to an increase in demand for video surveillance systems for monitoring public places such as airports, train stations, and shopping malls.
The privacy concerns raised by individuals and organizations are a major challenge faced by the market. The extensive use of video surveillance systems in public places and workplaces has raised concerns about invasion of privacy and misuse of personal data. Another challenge faced by the market is the high implementation costs of these systems, especially for small and medium-sized businesses. This hinders their adoption and slows down the overall growth of the market.
Some of the leading players in the video surveillance system market in Asia Pacific include Hikvision, Dahua Technology, Axis Communications, Bosch Security and Safety Systems, Hanwha Techwin, Honeywell International Inc., Avigilon Corporation, Zhejiang Uniview Technologies Co. Ltd., Tyco International PLC, and Panasonic Corporation. These companies have a strong presence in the region and offer a wide range of video surveillance solutions to meet the growing demand for security systems.
The governments in the Asia Pacific region have been implementing various initiatives to improve public safety and security, which has led to the growth of the video surveillance system industry. The government of China has launched the Safe City Project aimed at enhancing urban security through the use of advanced technologies such as video surveillance systems. In India, the government has implemented a city-wide CCTV camera initiative under its Smart Cities Mission, which aims to make cities safer and more secure. These government initiatives are expected to drive the demand for video surveillance systems in Asia Pacific.
The Asia Pacific video surveillance system market is expected to grow significantly in the coming years, driven by factors such as increasing concerns for public safety, rising adoption of smart city initiatives, and advancements in technology. With the rise of artificial intelligence (AI) and the Internet of Things (IoT), video surveillance systems are becoming more advanced and efficient, further boosting market growth. Additionally, the increase in terrorist activities in the region has also led to a high demand for security solutions, contributing to market growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the Video Surveillance System Cameras (IP/network camera) segment is expected to have the largest share in the market due to its advanced features such as high resolution and remote accessibility.
In terms of verticals, the banking and financial sector is expected to dominate the market due to stringent regulations regarding security measures.
Among countries in APAC, China is expected to have the largest market share due to its increasing investments in video surveillance systems and government initiatives for public safety.
The report provides a detailed analysis of the following market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. APAC Video Surveillance System Market Overview |
3.1 APAC Video Surveillance System Market Revenues, 2021-2031F |
3.2 APAC Video Surveillance System Market Revenue Share, By Components, 2021 & 2031F |
3.2 APAC Video Surveillance System Market Revenue Share, By Verticals, 2021 & 2031F |
3.3 APAC Video Surveillance System Market Revenue Share, By Regions, 2021 & 2031F |
3.4 APAC Video Surveillance System Market Industry Life Cycle |
3.5 APAC Video Surveillance System Market- Porter’s Five Forces |
4. APAC Video Surveillance System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. APAC Video Surveillance System Market Trends |
6. APAC Video Surveillance System Market Overview, By Components |
6.1 APAC Video Surveillance Camera Market Revenues, 2021-2031F |
6.1.1 APAC Analog Video Surveillance Camera Market Revenues, 2021-2031F |
6.1.2 APAC IP/Network Video Surveillance Camera Market Revenues, 2021-2031F |
6.2 APAC Video Surveillance Recorder Market Revenues, 2021-2031F |
6.2.1 APAC Video Surveillance Network Video Recorder (NVR) Market Revenues, 2021-2031F |
6.2.2 APAC Video Surveillance Digital Video Recorder (DVR) Market Revenues, 2021-2031F |
6.3 APAC Video Surveillance Encoder Market Revenues, 2021-2031F |
6.4 APAC Video Surveillance Software Market Revenues, 2021-2031F |
7. APAC Video Surveillance System Market Overview, By Verticals |
7.1 APAC Video Surveillance System Market Revenues, By Banking & Financial Institutions (2021-2031F) |
7.2 APAC Video Surveillance System Market Revenues, By Government & Transportation (2021-2031F) |
7.3 APAC Video Surveillance System Market Revenues, By Retail & Logistics (2021-2031F) |
7.4 APAC Video Surveillance System Market Revenues, By Commercial Offices & Buildings (2021-2031F) |
7.5 APAC Video Surveillance System Market Revenues, By Hospitality & Healthcare (2021-2031F) |
7.6 APAC Video Surveillance System Market Revenues, By Industrial & Manufacturing (2021-2031F) |
7.7 APAC Video Surveillance System Market Revenues, By Residential (2021-2031F) |
7.8 APAC Video Surveillance System Market Revenues, By Educational Institutions (2021-2031F) |
8. Japan Video Surveillance System Market Overview |
8.1 Japan Video Surveillance System Market Revenues, 2021-2031F |
8.2 Japan Video Surveillance System Market Revenues, By Components, 2021-2031F |
8.3 Japan Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
9. China Video Surveillance System Market Overview |
9.1 China Video Surveillance System Market Revenues, 2021-2031F |
9.2 China Video Surveillance System Market Revenues, By Components, 2021-2031F |
9.3 China Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
10. India Video Surveillance System Market Overview |
10.1 India Video Surveillance System Market Revenues, 2021-2031F |
10.2 India Video Surveillance System Market Revenues, By Components, 2021-2031F |
10.3 India Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
11. Australia Video Surveillance System Market Overview |
11.1 Australia Video Surveillance System Market Revenues, 2021-2031F |
11.2 Australia Video Surveillance System Market Revenues, By Components, 2021-2031F |
11.3 Australia Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
12. Malaysia Video Surveillance System Market Overview |
12.1 Malaysia Video Surveillance System Market Revenues, 2021-2031F |
12.2 Malaysia Video Surveillance System Market Revenues, By Components, 2021-2031F |
12.3 Malaysia Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
13. Indonesia Video Surveillance System Market Overview |
13.1 Indonesia Video Surveillance System Market Revenues, 2021-2031F |
13.2 Indonesia Video Surveillance System Market Revenues, By Components, 2021-2031F |
13.3 Indonesia Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
14. Thailand Video Surveillance System Market Overview |
14.1 Thailand Video Surveillance System Market Revenues, 2021-2031F |
14.2 Thailand Video Surveillance System Market Revenues, By Components, 2021-2031F |
14.3 Thailand Video Surveillance System Market Revenues, By Verticals, 2021-2031F |
15. Rest of APAC Video Surveillance System Market Overview |
15.1 Rest of APAC Video Surveillance System Market Revenues, 2021-2031F |
16. APAC Video Surveillance System Market Opportunity Assessment |
16.1 APAC Video Surveillance System Market Opportunity Assessment, By Components, 2031F |
16.1 APAC Video Surveillance System Market Opportunity Assessment, By Verticals, 2031F |
17. APAC Video Surveillance System Market Competitive Landscape |
17.1 APAC Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.1 India Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.2 China Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.3 Japan Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.4 Australia Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.5 Malaysia Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.6 Indonesia Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.1.7 Thailand Video Surveillance System Market Revenue Share, By Companies, 2024 |
17.2 APAC Video Surveillance System Market Competitive Benchmarking, By Operating Parameters |
18. Company Profiles |
19. Strategic Recommendations |
20. Disclaimer |
Market Forecast By Components (Video Surveillance System Cameras (Analog & IP/ Network Camera), Video Surveillance System Recorder (DVR & NVR), Video Surveillance System Encoder and Video Management Software, By Verticals (Banking & Financial, Government & Transportation, Retail & Logistics, Commercial Offices, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Educational Institutions), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand and Rest of APAC) and Competitive Landscape.
Product Code: ETC000867 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Video Surveillance System Market developments include Zhejiang Dahua Technology Co. Ltd.'s announcement of the integration of 5MP IP cameras with smart motion detection (SMD) technology for enhanced accuracy and prevention against false alarms. Zhejiang Dahua Technology Co. Ltd. also launched the StereoVision camera which is a people-counting camera consisting of a 3MP dual sensor that incorporates artificial intelligence capabilities.
APAC video surveillance system market is growing on the back of growth in the construction market, upcoming new hotels & shopping malls coupled with increasing inflow of FDI in the construction and retail sectors. IP video surveillance system segment accounted for the majority of the revenues in the APAC video surveillance system s market revenues, owing to the declining average selling price and increasing installation in government & transportation verticals.
According to 6Wresearch, the Asia Pacific (APAC) Video Surveillance System Market size has substantial growth prospects during 2019-2025. Growing penetration of surveillance system cameras across all major applications such as the commercial, government departments, industrial, residential and institutional are some of the major factors which are driving the demand for video surveillance systems in the APAC region. Additionally, upcoming infrastructure projects across several developing economies, as well as the huge deployment of video surveillance system equipment primarily in India and China, are some of the key factors which would spur the demand for the video surveillance system in the forecast period.
On the basis of components, the APAC video surveillance system market is segmented into surveillance system cameras, surveillance recorders, surveillance encoders, and video management software. Whereas, in terms of verticals, the market is categorized based on banking & financial, government & transportation, retail & logistics, commercial offices, industrial & manufacturing, residential, hospitality & healthcare, and educational institutions.
The APAC video surveillance system market report thoroughly covers the market by components, verticals, and by countries including China, Japan, India, Australia, Indonesia, Malaysia, Thailand, and the Rest of the APAC. The APAC video Surveillance System market outlook report provides an unbiased and detailed analysis of the ongoing APAC video Surveillance System 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.
Asia Pacific video surveillance market is anticipated to witness progressive growth during the forecast period 2020-26F backed by the growth of the commercial and infrastructure sector through using video cameras by recording employees' work which is leading to improving the management system and ensuring smooth work. Moreover, the existence of an advanced feature such as an HD quality camera which gives a more defined image is expected to acquire a profound market share in the overall market in the coming years. Video surveillance systems also help to examine the suspicious behaviour of employees in the office premises and help to maintain discipline by the initiation of timely action is expected to augment the installation of video surveillance systems in the commercial sector and would instigate substantial growth for the Asia Pacific video surveillance market in the coming timeframe.
The APAC video Surveillance System market report provides a detailed analysis of the following market segments:
Video Surveillance System Cameras
Video Surveillance System Recorder