The global video surveillance market is expected to be valued at 54.42 billion in 2024 and is projected to reach USD 88.71 billion by 2030 and grow at a CAGR of 8.5% from 2024 to 2030. Market participants have diversified their offerings, extending their global reach through strategic growth approaches like introducing new products and collaborations, establishing alliances, forging partnerships, and expanding their operations.
Key players operating in the video surveillance market are Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd (China), Honeywell International Inc. (US), Motorola Solutions, Inc. (US), Bosch Sicherheitssysteme GmbH (Germany) among others.
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Major Video Surveillance Market companies include:
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 surveillance 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 harbors a wide portfolio which includes high-definition IP cameras, analog cameras, thermal cameras, and video management software. These products include the latest features like AI-powered analytics, facial recognition, and night vision. The company operates through different business segments, namely 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.
Dahua Technology Co., Ltd (China)
Dahua Technology Co., Ltd is a global video-centric AIoT solution and services provider. The company excels in video surveillance technology and has a diverse portfolio that includes machine vision, video conferencing systems, professional drones, electronic license plates, RFID, 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, Dahua has established more than 200 China offices as well as 69 overseas subsidiaries, branches, and representative offices covering Asia, North America, South America, Europe, Africa, Oceania, and other regions. Dahua Technology operates in 180 countries and regions, covering key industries, including smart cities, traffic, retail, banking and finance, and energy.
Honeywell International Inc. (US),
Honeywell has a long-standing history of creating innovative products and solutions designed to achieve their environmental, social, and governance (ESG) objectives. It offers stand-alone applications with independent monitoring and control stations for video surveillance. The company operates in various business segments such as Aerospace, Performance Materials and Technologies, Honeywell Building Technologies, Safety and Productivity Solutions, and Corporate and All Other. Video surveillance products are managed through its Building Technologies segment. This segment focuses on providing innovative solutions for building automation, including video surveillance offerings, to improve security and operational performance in commercial and industrial environments.
Related Reports:
Video Surveillance Market by Image Sensor, Lens, Image Processing, Analog, IP Camera, Dome, PTZ, Box & Bullet, Panoramic, Fisheye, Body-worn, Encoders, AI-based VMS, Video Content Analysis, Storage Devices (Digital, Network) - Global Forecast to 2030
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