Market Trends of Asia-Pacific Surveillance Camera Industry
IP-based Cameras are Gaining Momentum
- Digital cameras are increasingly capturing market share due to their numerous advantages over analog counterparts, particularly in security applications. Their capability to capture high-definition video and images significantly enhances the identification of individuals, objects, or events in recorded footage.
- One of the key features of digital security cameras is their remote monitoring capability. By leveraging internet connectivity, these cameras allow users to access live video feeds and recorded footage from any location with an internet connection. This functionality is crucial for homeowners and businesses, providing real-time monitoring, alerts, and the ability to remotely oversee property security.
- In recent years, Singapore, renowned for its stringent safety measures, witnessed a substantial increase in the adoption of wireless IP cameras for residential surveillance. These advanced devices utilize internet connectivity to offer homeowners real-time monitoring, remote access, and a range of features that enhance traditional home CCTV systems. This technological advancement signifies a major shift in the home security landscape within the city-state, with wireless IP cameras becoming essential components of modern surveillance strategies. The integration of internet networks with these devices not only improves monitoring capabilities but also introduces innovative features, redefining residential security in Singapore.
- IP-based surveillance cameras are instrumental in reducing criminal activities such as theft and vandalism, particularly in railway stations. Their adoption is growing in public spaces. For example, in July 2023, Infinova, a leading provider of surveillance solutions, partnered with L&T to deploy surveillance cameras at the Bangalore Metro Rail Corporation (BMRCL). Infinova supplied nearly 2000 industrial-grade cameras for the project, which is expected to cover approximately 28 railway stations and three depots for the BMRCL.
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India to Witness a Significant Growth
- India's rapid urbanization and expanding population have increased the need for surveillance cameras to ensure public safety and security in urban areas. The growing investment in smart cities is also a significant factor in driving this demand. As cities become increasingly interconnected and technologically sophisticated, the need for increased security, better urban planning, and more efficient resource management has increased. For instance, according to the Ministry of Finance, India's Smart City Mission expenditure was approximately INR 53 billion (~USD 0.64 billion) and was expected to surpass INR 68 billion (~USD 0.82 billion) by FY 2023.
- India is also witnessing a growing adoption of surveillance cameras in the transportation industry, as they are utilized to monitor traffic movements, identify bottlenecks, and regulate traffic signals. For example, in April 2024, the Delhi transport department intended to deploy 5,000 cameras at key junctions citywide. This initiative is a critical component of its strategy to implement an intelligent traffic management system (ITMS) for the national capital. According to officials, these cameras will initially facilitate surveillance and the issuance of traffic challans. Over time, their functionality will expand to include traffic and signal management, as well as public announcements.
- For instance, in August 2023, the Government of Maharashtra announced its plans to replicate the Kerala model of AI surveillance cameras to improve traffic enforcement in the state. The Government of Maharashtra has identified the AI camera project as a potential model for the whole country. Additionally, a surveillance camera system based on AI technology is being tested in a major road safety initiative on the Mumbai-Pune expressway to detect and report cases of distracted driving and cellphone use while driving. Such surveillance cameras have been successful in India and other countries in apprehending motorists who violate the law, including texting while driving.
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