The global AI Surveillance Camera size is estimated to be USD 4 billion in 2020 from USD 3.85 billion in 2019, with a change 3.89% between 2019 and 2020. The global AI Surveillance Camera market size is expected to grow at 19.22 % or more annually for the next five years, revealed by QYResearch.
AI is shifting the modern landscape of security and surveillance and dramatically changing the way users interact with their security systems.
The fact is, today there are too many cameras and too much recorded video for security operators to keep pace with. On top of that, people have short attention spans. AI is a technology that doesn’t get bored and can analyze more video data than humans ever possibly could. It is designed to bring the most important events and insight to users’ attention, freeing them to do what they do best: make critical decisions. There are two areas where AI can have a significant impact on video surveillance today: search and focus of attention.
Global AI Surveillance Camera Market- Key Players
Hikvision; Dahua; Huawei; Cisco Meraki; Hanwha; ZTE; Honeywell Security; Simshine Intelligent Technology are some of the key players, functioning in the global AI Surveillance Camera market. Hikvision is the largest manufacturer and leader of the industry. The company accounted for more than 22% sales share in 2019. The follower is Huawei and Dahua, with 7.5% and 6.7% share respectively. The remained market is divided by numerous companies with share below 1%.
Global AI Surveillance Camera Market: Type Analysis
The market is segmented into IP Camera, Analog Camera, etc., based on the camera type. An Internet Protocol camera, or IP camera, is a type of digital video camera that receives control data and sends image data via the Internet. They are commonly used for surveillance. Unlike analog closed-circuit television (CCTV) cameras, they require no local recording device, but only a local area network. While, analog Camera is standard definition cameras also commonly referred to as CCTV cameras in the past. These cameras record in D1 or 960H resolution on a CCTV security DVR.
Presently, IP Camera is the most widely used surveillance camera with about 65% market share in 2020. Analog Camera is the follower with 18.5% sales share.
Global AI Surveillance Camera Market: Application Analysis
AI Surveillance Camera can be used in places such as Public & Government Infrastructure, Commercial, Residential. Public & Government Infrastructure is still the largest consumption field, owning about 62% consumption share at the moment.
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