The Asia Pacific Surveillance Camera Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 319.4 million units, showcasing a growth of 9.9% (2019-2022).
The rising demand for improved safety and security measures across a variety of sectors is the main factor driving the growth of the market. Governments, enterprises, and individuals are pursuing trustworthy surveillance solutions to monitor their properties and successfully thwart potential risks in response to growing security concerns and criminal activity incidents. In order to monitor crucial facilities and guarantee public safety, surveillance camera systems are also in high demand due to increasing urbanization as well as infrastructure development around the region.
Several vital drivers have played a central role in propelling the market to its current state of growth and prominence. These drivers collectively highlight the market's significance in addressing various contemporary challenges and opportunities. First and foremost, heightened security concerns have been a principal driver behind the proliferation of them. Governments, businesses, and individuals have sought advanced surveillance solutions to safeguard their assets and well-being. This security imperative has driven substantial demand for surveillance cameras across multiple sectors.
In order to streamline and coordinate the development of smart cities in Malaysia, the Malaysia Smart City Framework (MSCF) was published in 2019. The implementation of the development of smart cities is broken down into three phases: the Foundation Stage, which runs from 2019 to 2020; the Development Stage, which runs from 2021 to 2022; and the Advanced Development and Monitoring Stage, which runs from 2023 to 2025. Thus, the expansion of smart cities along with increasing use of surveillance in security in the Asia-Pacific region are driving a substantial demand for surveillance cameras.
The China market dominated the Asia Pacific Surveillance Camera Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,012.6 million by 2030. The Japan market is registering a CAGR of 9.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11.3% during (2023 - 2030).
Based on Deployment, the market is segmented into Outdoor, and Indoor. Based on Product Type, the market is segmented into IP-based (Wired, and Wi-Fi), Cellular Camera, and Analog Camera. Based on Resolution Capacity, the market is segmented into High Definition (HD), Full High Definition (FHD), and Ultra High Definition (UHD) (4K). Based on End-use, the market is segmented into Commercial Infrastructure, Industrial, Public Facilities, Military & Defense, Residential, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Surveillance Camera Market is Predict to reach USD 72.4 Billion by 2030, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eye Trax, Inc, Milesight Technology Co., Ltd., Swann Communications Pty. Ltd. (Infinova Corporation), Honeywell International, Inc., Cisco Systems, Inc., Nokia Corporation, Panasonic Holdings Corporation, Robert Bosch GmbH, Teledyne FLIR LLC (Teledyne Technologies Incorporated), and Zhejiang Dahua Technology Co., Ltd.
By Deployment (Volume, Million Units, USD Billion, 2019 to 2030)
By Product Type (Volume, Million Units, USD Billion, 2019 to 2030)
By Resolution Capacity (Volume, Million Units, USD Billion, 2019 to 2030)
By End-use (Volume, Million Units, USD Billion, 2019 to 2030)
By Country (Volume, Million Units, USD Billion, 2019 to 2030)
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