Global Ballistic Missile Mobile Video Surveillance Market Analysis of Growth, Trends, Progress and Challenges 2018-2023

Prominent Market ResearchWoodridge, 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.

Pelco Corporation

Dahua Technology Co. Ltd.

Avigilon Corporation

Bosch Security Systems

FLIR Systems

Tyco International PLC

Hanwha Techwin

Axis Communications AB

United Technologies Corporation

Infinova

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Drivers:

Increasing demand for real time video surveillance

Restraints:

Data privacy issues

Opportunities:

Implementation of wireless IP surveillance to reduce cost

Challenges:

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.

By Offering

Software

Hardware

Others

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By Application

Police Cars

Transport Vehicles

Buses

Trains and Trams

Drones

By Industry

Transportation

City Surveillance

Manufacturing

Construction

Energy and Power

Mining

Military and Defense

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