Surveillance market slowed in 2015

July 2016 Editor's Choice, Surveillance

The world market for professional video surveillance equipment grew by 1.9% in revenues in 2015.This is according to recently published estimates from IHS, through its Video Surveillance Intelligence Service. This is a much lower rate of growth than in 2014 (14.2%) and 2013 (6.8%).

Lower growth of 4.9% in the Chinese market played a big role; the Chinese market grew by 26.7% in 2014. The slowdown of the market in China in 2015 was largely because of price erosion. Unit shipments of security cameras in China grew quickly, but the average prices of cameras and recorders fell sharply. The Chinese branded supply base became more consolidated, with the two largest estimated suppliers (Hikvision and Dahua) accounting for 47.2% of the market in 2015 compared with 42.8% in 2014.

Slightly higher revenue growth in both the global market and the Chinese market is forecast for 2016, at rates of 6.4% and 11.6% respectively. Product demand will continue to grow quickly and price erosion, though high, is forecast to ease somewhat. This will mean that the world market for video surveillance equipment will be worth $15.8 billion in 2016.

IHS has just added new global and regional market statistics, forecasts and market share estimates to its Video Surveillance Intelligence Service. In addition to the above, other key findings include:

• The supply base for professional video surveillance equipment is gradually becoming more consolidated (although it remains highly fragmented compared with the supply base in many other markets). The top fifteen vendors accounted for 55% of revenues in 2015.

• A number of Chinese vendors continued to rapidly gain market share in regions outside China in 2015. They tend to offer products with low prices and this has been a major factor in the erosion of average prices in those regions.

• China is estimated to have been the largest regional market for video surveillance equipment, accounting for over 40% of global revenues in 2015.

• Network cameras accounted for 53% of all security cameras shipped in 2015.

• Less than 1% of network cameras shipped were 4K compliant.

• There has been a rapid transition from standard-definition analogue cameras to HD CCTV cameras (most notably HD-CVI, TVI and AHD).

• In 2016, for the first time, there will be more HD CCTV cameras shipped globally than standard definition analogue cameras.

• Only 24% of HD CCTV cameras sold in 2015 were sold in China.

For more information contact Jon Cropley, IHS Technology, +44 1933 408 075, [email protected]





Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

2025 video surveillance market set for improved fortunes
News & Events Surveillance
Novaira Insights has unveiled its latest report, World Market for Video Surveillance Hardware and Software – 2025 Edition, forecasting a healthy growth rate of 8,1% until 2029, excluding China.

Read more...
Winners of the 2025 Southern Africa OSPAs
Editor's Choice
The winners of the 2025 Southern Africa Outstanding Security Performance Awards (OSPAs) were revealed on Wednesday, 4th June, at Securex South Africa. Winners from all categories (except the Lifetime Achievement) will be featured in the second Global OSPAs set to take place in 2026.

Read more...
Deepfakes and digital trust
Editor's Choice
By securing the video right from the specific camera that captured it, there is no need to prove the chain of custody for the video, you can verify the authenticity at every step.

Read more...
A new generational framework
Editor's Choice Training & Education
Beyond Generation X, and Millennials, Dr Chris Blair discusses the seven decades of technological evolution and the generations they defined, from the 1960’s Mainframe Cohort, to the 2020’s AI Navigators.

Read more...
Next generation of AI-powered video telematics
IoT & Automation Surveillance Transport (Industry)
Webfleet, Bridgestone’s fleet management solution in South Africa, has launched Webfleet Video 2.0, an AI-powered solution designed to enhance fleet safety, security, compliance with local regulations and operational efficiency through real-time video insights.

Read more...
Back-up securely and restore in seconds
Betatrac Telematic Solutions Editor's Choice Information Security Infrastructure
Betatrac has a solution that enables companies to back-up up to 8 TB of data onto a device and restore it in 30 seconds in an emergency, called Rapid Access Data Recovery (RADR).

Read more...
Key design considerations for a control room
Leaderware Editor's Choice Surveillance Training & Education
If you are designing or upgrading a control room, or even reviewing or auditing an existing control room, there are a number of design factors that one would need to consider.

Read more...
Advanced surveillance storage from ASBIS
Infrastructure Surveillance Products & Solutions
From a video storage solutions perspective, SkyHawk drives, designed for DVRs and NVRs, offer high capacity, optimised firmware, and a reliability workload rating of hundreds of terabytes per year.

Read more...
CCTV control room operator job description
Leaderware Editor's Choice Surveillance Training & Education
Control room operators are still critical components of security operations and will remain so for the foreseeable future, despite the advances of AI, which serves as a vital enhancement to the human operator.

Read more...
Platform to access data and train AI models
Milestone Systems AI & Data Analytics Surveillance
Milestone Systems has announced Project Hafnia to build services and democratise AI-model training with high-quality, compliant video data leveraging NVIDIA Cosmos Curator and AI model, fine-tuning microservices.

Read more...










While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd. | All Rights Reserved.