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(Chicago.CityRegions.Com, March 17, 2017 ) The security cameras (IR illuminator) market is expected to grow from USD 1.75 Billion in 2015 to USD 2.68 Billion by 2020, at a CAGR of 8.8%.
The base year for study is 2014 and forecast is provided for 2015 to 2020. Security issues in developing countries, reduction in ASP for IP cameras, and adoption of IR illumination for better vision are the major causes of market growth.
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This market consists of global revenue from the camera sale, subsegmented into system, application, feature, camera resolution, type, and geography. This report provides analysis of the security cameras (IR illuminator) market based on system, application, feature, camera resolution, type and geography.
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The application segment includes border security, city infrastructure, commercial, industrial, institutional, and residential areas. City infrastructure plays an important role in revenue generation as public safety is the major application which uses security cameras.
The APAC security cameras (IR illuminator) market is estimated to hold the largest share by 2020 as security cameras are cheap and easily available in the region. APAC region has majority of camera manufacturers. The developing countries such as China, India, and Korea need infrastructure for transportation, road, bridges, and energy generation, which will contribute to the growth of the regional security cameras (IR illuminator) market. PTZ (Pan/Tilt/Zoom) features help complete area surveillance with single or less number of cameras. Fixed cameras are less expensive as compared to other types of cameras. These are used in applications where continuous monitoring is required. With the advancements in technology, PTZ cameras have growth opportunities in future.
The market covered under camera resolution segment includes HD, Full HD, non HD, and UHD. High resolution and low cost are the major benefits that influence the camera users to shift from HD to full HD.
Network cameras are more difficult to set up as they require external configuration system of cables, switches, and routers while analog cameras are easy to install with plug and play system. Rise in number of inferior quality products by local players is one of the restraints hindering the growth of this market. The major players of this market include Canon Corporation, Axis Communication, Dahua Technology, and Hikvision Digital Technology Co. Ltd. The report also includes company profiles of Arecont Vision LLC, Avigilon Corporation, Axis Communications, Bosch Security Systems, Canon Inc., Cisco Systems Inc., Dahua Technology, Hikvision Digital Technology Co. Ltd., Honeywell International Inc., JVCKENWOOD, Mitsubishi Electric, Panasonic Corporation, Samsung Techwin, Schneider Electric, Sony Electronics Inc., Tyco International, and Vicon Industries Inc.