Mobile Video Surveillance Market To Generate $4,337 Million Revenue by 2030

The mobile video surveillance market size is expected to advance at a CAGR of 8.6% during 2022–2030, to reach USD 4,337 million by 2030. This is ascribed to the rapid rise of IoT in surveillance systems.

The surging demand for remote video monitoring technology for real-time surveillance and security at transit vehicles, airports, commercial offices, houses, and warehouses is a key driver for the market growth. Along with it, the growing adoption of smart and scalable mobile video surveillance solutions in diverse application areas is a significant driver of the demand.

Moreover, an increasing number of government offices and corporations are deploying these systems in order to keep a check on fraud and terrorist activities. Furthermore, the rising security issues, ascribed to the increasing criminal activities, are fueling the integration of smart mobile video surveillance solutions in school buses and police cars, as well as driving the adoption of drones.

The market is also expected to be driven by the surging internet usage and growing smart wireless sensor networks.

APAC Is Expected To Show Significant Growth in Coming Years

APAC is expected to show significant growth in the mobile video surveillance market, owing to the increasing security-related issues, rising criminal activities, surging terrorism, and booming need for the remote monitoring of live footage. Moreover, the ability of IP-based systems to provide remote access and integrate with wireless technologies, such as Wi-Fi and ZigBee, is driving their sales. Apart from these features, the rising requirement for 24x7 live footage propels the demand for IP-based systems in the region.

In the same way, AI-based surveillance systems are gaining traction in the region attributed to their significant benefits in the detection of unusual incidents and generating alerts. With the integration of AI in such systems, the quality of facial recognition increases.

Governments in the region are majorly focusing on the adoption of IP systems in order to prevent crime. For instance, in August 2021, Singapore announced that it will increase the number of police cameras from around 90,000 to more than 200,000 by 2030, as they have proven useful in deterring criminals and locating missing persons.

Among APAC countries, China will witness the highest CAGR, of more than 9%, as the country has installed a vast network of systems that utilize cameras armed with facial recognition software. In several cities of China, cameras installed along streets and on buildings and lamp posts can recognize and identify individual faces. The facial recognition technology enables the matching of a human face from a digital image or a video frame against a database of faces.

Thus, facial recognition startups in the country are attracting huge investments. For instance, in December 2021, Chinese AI startup Sense Time Group, which provides video analysis, facial recognition, and autonomous driving solutions, launched its initial public offering in Hong Kong, to raise USD 767 million.

The most-significant mobile video surveillance market players are Vivotek Inc., Pelco Inc., Zhejiang Uniview Technologies Co. Ltd., Panasonic Holdings Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Huawei Investment & Holding Co., Ltd., and Genetec Technology Berhad.