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2018 China Video Surveillance Market Analysis and Forecast

2018 China Video Surveillance Market Analysis and Forecast

richmor richmor.net 2018-05-14 09:58:02
Video surveillance industry market continues to grow rapidly

From a global perspective, with the continuous development of politics, economy, and society, the security needs of countries have become higher and higher, and the security industry has become an industry closely related to social economy and people's lives. In recent years, the global security demand has been continuously increasing, and the video surveillance equipment market is also in the ascending cycle. Among them, the further improvement of security awareness, technology upgrades, and the promotion of network cameras have become the dominant factors. During the period of 2010-2016, China's video surveillance market grew from 24.2 billion yuan to 96.2 billion yuan, with an average annual compound growth rate of 25.86%. It is estimated that the market size will reach 119.2 billion yuan in 2018, an increase of 12% year-on-year.



The video surveillance industry has a huge prospect

1. Compared with developed countries, there is still much room for development

At present, China’s camera coverage density is still relatively low compared to developed countries such as the United States and the United Kingdom. The United States averages about 96 surveillance cameras per 1,000 people, and the UK averages about 75 surveillance cameras per 1,000 people, while China’s camera density is higher in cities. The number of cameras per 1,000 people is less than 40. Therefore, video surveillance in the future there is still much room for development in our country.

2. The scale of China's video surveillance market is expected to reach 168.3 billion yuan in 2020

With the construction of China's road transportation infrastructure and the acceleration of the construction of “Safe City”, the “13th Five-Year Plan” period will still be an important period for the development of China’s video surveillance industry. Video surveillance will also be extended to grassroots and underdeveloped areas, such as Urban and rural areas, urban villages, small towns, administrative villages, and natural villages. According to the "13th Five-Year" Outlook of the security industry, it is expected that the annual growth rate of China's video surveillance market during the "13th Five-Year Plan" period will reach the level of about 15%, that is, by 2020 China's video surveillance market is expected to reach 168.3 billion yuan.

3. The planned smart cities further promote the development of video surveillance industry

On December 5, 2012, the Ministry of Housing and Urban-Rural Development officially issued the "Circular on Launching Pilot Projects of National Smart Cities." Statistics show that 95% of the cities above the sub-provincial level, 76% of cities above the prefecture level, a total of about 500 cities proposed or under construction of smart cities, its potential will be released during the "Thirteenth Five-Year Plan" period. At present, the total scale of investment in smart cities formulated by the Ministry of Housing and Urban-Rural Development will exceed 500 billion yuan, which is expected to form a trillion-scale market scale. In the “National New Smart City Evaluation Index (2016 Edition)” jointly issued by the National Development and Reform Commission, the Central Network Information Office, and the National Standardization Committee, public security video resource collection and coverage, and public safety video surveillance resource networking and sharing Public safety video images to enhance social management capabilities have become an important indicator for the development of smart cities and are expected to further promote the development of video surveillance.

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