Video as a Sensor Market

The global video as a sensor market size is estimated to be USD 69.52 billion in 2024 and is projected to reach USD 101.89 billion by 2029, at a CAGR of 7.9% during the forecast period. The key factors fuelling the growth of this market are the rapid technological advancements in AI, ML, edge computing, and camera technologies, favorable government initiatives and funding, and increasing demand for video as a sensor system for surveillance and security.

Major players operating in the video as a sensor market achieved their positions by innovating and launching advanced video as a sensor system. Various major players dominating the video as a sensor market include Motorola Solutions, Inc. (US), Honeywell International Inc. (US), Dahua Technology Co., Ltd (China), Bosch Security Systems GmbH (Germany), and Hangzhou Hikvision Digital Technology Co., Ltd. (China). Companies operating in the market are implementing diverse approaches to thrive in the video as a sensor market. These firms are utilizing natural and inorganic expansion tactics, including launching and developing products, forging partnerships and contracts, expanding their operations, and acquiring other entities. These strategies aim to bolster their market standing.

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Major Video as a Sensor companies include:

• Honeywell International Inc. (US)
• Motorola Solutions, Inc. (US)
• Dahua Technology Co., Ltd. (China)
• Bosch Security Systems GmbH (Germany)
• Hangzhou Hikvision Digital Technology Co., Ltd. (China)
• AT&T (US)
• IBM Corporation (US)
• Cisco Systems, Inc. (US)
• Axis Communications AB (Sweden)
• Johnson Controls Inc. (Ireland)
• Sony Group Corporation (Japan)
• Sharp Corporation (Japan)
• Teledyne Technologies Incorporated (US)
• Corning Incorporated (US)
• Pixart Imaging Inc. (Taiwa)

Hangzhou Hikvision Digital Technology Co., Ltd. (China)

Hangzhou Hikvision Digital Technology Co., Ltd., generally known as Hikvision, is a global manufacturer and provider of video as sensor products. The company offers video and audio compression cards, network hard disk video recorders, video servers, cameras, network storage, and other digital offerings. The company has a wide portfolio, which includes high-definition IP cameras, analog cameras, thermal cameras, and video management software. These products include the latest features, such as AI-powered analytics, facial recognition, and night vision. The company operates through different business segments: products and services for the main business, constructions for the main business, robotic business, smart home business, thermal imaging business, auto electronics business, storage business, and other innovative businesses. It has a global footprint, with operations in Asia, Europe, the Americas, Africa, and the Middle East. The company has several major subsidiaries and many third-party distributors worldwide.

Dahua Technology Co., Ltd (China)

Dahua Technology Co., Ltd is a multinational video-centric AloT solutions and services provider. It is a well known provider of video as a sensor solution and has a diverse portfolio that includes machine vision systems, professional drones, video conferencing systems, RFID, electronic license plates, and robotics. The company's services include customized features and professional security systems for public security, finance, transportation, energy, and communications industries. With a global marketing and service network, it has established over 200 China offices and 69 overseas subsidiaries, branches, and representative offices covering Asia, North America, South America, Europe, Africa, Oceania, and other regions.

Honeywell International Inc. (US)

Honeywell International Inc. is an engineering and technology company offering industry-specific solutions to aerospace, industrial, and automotive markets. The company operates in four segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers a range of video as a sensor solution, including IP cameras, NVRs, NVR hybrids, video encoders, video management systems, and cloud-hosted services and accessories. Its video management offerings are built on the revolutionary Honeywell Digital Video Manager (DVM) platform. DVM is a software-based CCTV digital surveillance and video management solution that uses industry-standard communications technologies and off-the-shelf hardware to provide superior flexibility, better performance, and affordability in surveillance. It builds integrated security solutions designed for the specific needs of specific users. It serves airports, critical infrastructure, healthcare, hospitality, metro, and retail applications. It offers video as a sensor solution through the Honeywell Building Technologies segment. The company has a very strong geographic presence across major regions such as Asia Pacific, North and Latin America, Europe, the Middle East, and Africa. It has a presence across 80 countries and 75 sites.

Bosch Security Systems GmbH (Germany)

Bosch Security Systems GmbH manufactures and designs security equipment for video surveillance, intrusion detection, fire detection, access control, public address, conference systems, evacuation systems, management systems, video analytics, video content analysis, and data security worldwide. The company provides product offerings such as predictive-ready video systems, which can anticipate potential incidents and respond proactively or use business intelligence beyond security. Their products are integrated by AIoT, which users to gain intelligent insights to help operators respond to potential threats. The company has a strong geographic presence in Europe, Asia Pacific, the Middle East, and the Americas. It has manufacturing sites in Mexico, the US, China, Germany, and Portugal.

Motorola Solutions, Inc. (US)

Motorola Solutions, Inc. is a data communications and telecommunications equipment provider. The company develops data capture, wireless infrastructure, barcode scanning, two-way radios, and wireless broadband networks. It also produces public safety and government products, voice and data communications products and systems, and wireless LAN securities. The company operates through two business segments: Products and Systems Integration and Software and Services. The company has organically invested in these three technologies and, through acquisitions, evolved its LMR focus and expand its safety and security products and services. The company connects public safety agencies and enterprises to enable critical collaboration for a proactive approach to safety and security. In March 2018, Motorola acquired Avigilon Corporation (Canada), which provides mission-critical communications and analytics solutions. The company also acquired Pelco (US), a provider of video security solutions based in California. The company offers solutions for video as a sensor market through these companies. It designs and advances technology for more than 100,000 public safety and enterprise customers in over 100 countries worldwide. Its businesses are in the Americas, Europe, the Middle East, Asia Pacific, and Africa.

Related Reports:

Video as a Sensor Market by Camera Type (IP, Thermal, Machine Vision, Hyperspectral), Sensor (Image Motion, Infrared), Product Type (Video Surveillance, Thermal Imaging, Hyperspectral Imaging, Machine Vision & Monitoring) - Global Forecast to 2029

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