Woodridge, 2018 May (Press Release) – Global Mobile Video Surveillance Market was valued at USD 1.48 Billion for the year 2017. Mobile Video Surveillance Market is further expected to grow at a CAGR of 8.84% from 2018 to reach USD 2.46 Billion by the year 2023. North America region holds the highest market share in 2017. The Asia-Pacific region is considered as the fastest growing market in the forecasted period. US is the major market in 2017 at country level and it is also further anticipated to grow at a steady pace in the next 5 years.
Hangzhou Hikvision Digital Technology Co. Ltd. (China), Pelco Corporation (U.S.), Dahua Technology Co. Ltd. (China), Avigilon Corporation (Canada), Bosch Security Systems (Germany), FLIR Systems (U.S.) are some of the top players in the Mobile Video Surveillance Market with Pelco Corporation holding a substantial market share in 2017. Better global reach, at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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Key Market Players
Hangzhou Hikvision Digital Technology Co. Ltd.
Dahua Technology Co. Ltd.
Bosch Security Systems
Tyco International PLC
Axis Communications AB
United Technologies Corporation
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Increasing demand for real time video surveillance
Data privacy issues
Implementation of wireless IP surveillance to reduce cost
Requirement for high capacity data storage facilities
The segmentation done on the basis of Application include Police Cars, Transport Vehicles, Buses, Trains and Trams, Drones of which the Transport Vehicles segment is expected to hold the highest market share during the forecast period.
The Drones segment is expected to grow at the highest CAGR during the forecasted period.
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Key Benefits for Stakeholders
Mobile Video Surveillance System Providers
Component and hardware vendors
Video surveillance enclosure providers
End use industries
Regulatory bodies, policy makers and consumers.
Trains and Trams
Energy and Power
Military and Defense