SCOTTSDALE, Ariz. 24 Dec. 2010. Sales of video surveillance equipment such as analog cameras, IP cameras, DVR/NVR, and IP encoders should produce worldwide revenue approaching $15 billion in 2014, predict analysts at market researcher In-Stat LLC in Scottsdale, Ariz.
After a slight downturn in 2009, global sales of video surveillance equipment in 2010 is expected to return to the market status it had in 2008, In-Stat analysts say in a report entitled Video Surveillance: Analog and IP Cameras, DVRs, NVRs, Semiconductor and Technology (#IN1005035CT).
Enhanced revenues from video surveillance equipment also should drive new semiconductor opportunities. "With the growth in surveillance equipment shipments, movement toward higher resolutions, and higher attach rates for video analytics, the semiconductor revenue for the video surveillance segment will be stable but misleading," explains Michelle Abraham, principal analyst at In-Stat. "The decline of average selling prices for commodity components is hiding upsides in sensors, video and analytics processors, and security and encryption processors."
In-Stat analysts identify four primary trends in the video surveillance equipment market over the next several years. First, growth in IP cameras surpasses analog cameras and drives higher growth rates in hybrid DVRs and NVRs.
Second, Asia/Pacific will continue to lead shipments of surveillance camera units. However, camera revenue in Asia/Pacific will be lower than Americas and EMEA due to lower prices for both cameras and surveillance systems in the region.
Third, revenue for processors in IP cameras, including video encode/image processors and analytics processors, will be 67 percent higher in 2014 compared to 2010.
Finally, additional uses of video equipment can be found in applications such as monitoring health conditions of patients in hospitals and at home, and in queue length management, toll booths, education campuses, public transportation, vehicular traffic monitoring, and law enforcement.
For more information contact In-Stat online at www.instat.com.
