Wireless Video Surveillance Market

GMI Research analysis indicates that the Wireless Video Surveillance Market size was estimated at USD 39.3 billion in 2021 and is slated to register a double digit CAGR of 10.3% over the period 2022-2029 and is projected to reach USD 85.5 billion in 2029

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global wireless video surveillance market include rapid urbanization and subsequent demand for real-time video monitoring and disruptive technology. The public transit surveillance system is used extensively for security enhancement to protect ground transportation against adverse incidents. According to National Insurance Crime Bureau, in the U.S., 873,080 vehicles have been stolen in 2020, 9.2% more than in 2019. The growing economic establishment and government offices will boost the market growth due to the requirement of video surveillance to prevent fraud and terrorism activities. The robust mobile video surveillance is being deployed in police cars, trains, school buses, airports to diminish vandalism and other criminal activities, which will drive the market growth. The wireless video camera is majorly used in residential security systems because it provides clean installation without drilling through walls or ceilings. It also provides more flexibility because it is not tied down by wire, which allows the system to be easily rearranged and move to a new place if required. With advent of AI, machine learning and 4K video resolution, the demand of wireless video surveillance system has increased.

Restraint in the Wireless Video Surveillance Market

However, the wireless video surveillance system total depends on the network strength. Any disruption or weak signal can cause loss of connectivity to the system resulting in lost footage. This factor can act as a restraint and hamper the market growth.

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Component – Segment Analysis

Based on the component, hardware is expected to grow at a higher CAGR during the forecast period. The rising security concern in various sectors will increase the deployment of the security camera. The technical advancement in the camera provides highly specialized surveillance as zoom-in & zoom-out, thermal screening, motion detection, night vision, and remote video surveillance will propel the market growth. The wireless video surveillance system requires various hardware such as camera, computer, receiver, and others to operate smoothly without any hindrance.

System – Segment Analysis

Based on the system, the IP camera is expected to grow at a higher CAGR over the forecast period. IP Camera wireless camera offers very high-resolution video and audio. It also allows two-way communication between cameras and computers. The internet protocol (IP) camera is a digital video camera that transmits and receives data over the internet. The images captured by an IP camera can be viewed from anywhere in the world through the internet. The demand for IP cameras increases due to their flexibility, requiring nothing more than a network connection. There is no need for co-axial cable, computer system, or even power cable. Nowadays, IP cameras and recorders are equipped with in-built analytics that allows users to get exactly what they’re looking for in the security system. For instance, Optiview, Inc. IP network cameras and NVRs comes packed with professional-grade analytics features such as AI smart search, intelligent motion detection, ANR, dewarp, among others.

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Regional – Segment Analysis:

Based on the region, the APAC region is expected to grow at a higher CAGR in the global wireless video surveillance market over the forecast period. The demand for wireless video surveillance will increase in the region due to the elevation in the number of retail stores, small businesses, residential apartments, and hospitals in the region. With the increasing population, the government will also require a surveillance system to manage traffic and crime. For instance, in India, the Delhi government has installed 0.132 million CCTV cameras in 2021. The existence of multiple camera producers in the region and the availability of low-cost video surveillance systems are propelling the market growth in the region.

Top Market Players

Various notable players operating in the market, include, Sony Electronics Inc., Bosch Sicherheitssysteme GmbH, CP PLUS International, Samsung, Hi-Focus, Honeywell International Inc, SimpliSafe, Inc., ADT, Canary Connect, Inc, Hangzhou Hikvision Digital Technology Co., Ltd., among others.

Key Developments:

• • In 2021, Bosch Sicherheitssysteme GmbH launched new traffic detector software designed primarily for traffic applications such as intersection monitoring, automatic incident detection, and facilitating data-driven decision-making.
  • In 2020, CP PLUS International introduced an AI Super-Precision face-recognition attendance solution built with temperature measurement, face recognition, assess control, and provided alerts.

Segments covered in the Report:

The global wireless video surveillance market has been segmented on the basis of component, system, end-user. Based on component, the market is segmented into hardware, software, and services. Based on system, the market is segmented into IP Camera and Analog. Based on end-user, the market is segmented into commercial, industrial, residential, government & defence, and others.

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Key questions answered in this research report:

• • At what pace is global wireless video surveillance market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in wireless video surveillance market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global wireless video surveillance market?
  • Which component generated maximum revenues in 2021 and identify the most promising component during the forecast period?
  • What are the various system areas of global wireless video surveillance market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Wireless Video Surveillance Market by Component

• • Hardware
  • Software
  • Services

Global Wireless Video Surveillance Market by System

• • IP Camera
  • Analog

Global Wireless Video Surveillance Market by End-User

• • Commercial
  • Industrial
  • Residential
  • Government & Defence
  • Others

Global Wireless Video Surveillance Market by Region

• • North America Wireless Video Surveillance Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By System
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Wireless Video Surveillance Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By System
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Wireless Video Surveillance Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By System
    • By End-User
    • China Wireless Video Surveillance Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Wireless Video Surveillance Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By System
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Wireless Video Surveillance (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sony Electronics Inc.
  • Bosch Sicherheitssysteme GmbH
  • CP PLUS International
  • Samsung
  • Hi-Focus
  • Honeywell International Inc
  • SimpliSafe, Inc.
  • ADT
  • Canary Connect, Inc
  • Hangzhou Hikvision Digital Technology Co., Ltd.