The ‘China Video Surveillance Branding Equipment Market 2013’ report from IHS predicts that the market for video surveillance equipment in the country will experience a huge growth over the five-year period, driven by an increased demand for network products.
Shipments for video surveillance equipment are predicted to experience a compound annual growth rate (CAGR) of 19.5 per cent between 2012 and 207. The CAGR for network cameras is predicted to be around 43.6 per cent, while the CAGR for high-definition network cameras hitting 56.3 per cent.
The report claims increasing government investment in Safe City projects and intelligence traffic systems will be huge drivers in the increased market for network cameras. It adds that high-definition and high-megapixel network cameras will prove popular for such deployments due to their ability to provide clear images.
Harry Cai, IHS security analyst and author of the report, said: “A better IT infrastructure, more widespread technical awareness in the market and stronger chipset performance are among the factors providing a supportive environment for video surveillance manufacturers in China, allowing them to take on equipment manufacturing while also providing network-based solutions.”