China Surveillance Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.5 Billion |
| Market Size (2029) | USD 13.70 Billion |
| CAGR (2024 - 2029) | 10.00 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
China Surveillance Camera Market Analysis
The China Surveillance Camera Market size is estimated at USD 8.5 billion in 2024, and is expected to reach USD 13.70 billion by 2029, growing at a CAGR of 10% during the forecast period (2024-2029).
While often used interchangeably, 'security cameras' and 'surveillance cameras' have a nuanced distinction. Surveillance cameras are primarily deployed in public spaces to both identify and deter criminal activities, operating round the clock.
• When it comes to meeting security needs, surveillance cameras come in a diverse array of form factors and designs. Often synonymous with security, CCTV plays a vital role in monitoring and managing various scenarios. It has evolved into a pivotal business tool, spanning security, traffic, and crowd management. The overarching aim is to provide a comprehensive 24/7 video surveillance solution.
• China has solidified its position as a key market for surveillance cameras, propelled by factors such as rapid urbanization and industrialization. Moreover, the government and law enforcement agencies' favorable stance on leveraging advanced technology to bolster public safety further fuels this trend.
• For instance, the National Development and Reform Commission in China has been taking initiatives to safeguard all major public spaces with surveillance cameras equipped with facial recognition to combat crime and bolster social stability. The adoption of artificial intelligence (AI) and machine learning (ML) technologies is gaining momentum. Consequently, functionalities like facial recognition, object detection, and behavior analysis are now more prevalent. These features find applications across sectors, including public safety, transportation, and retail.
• Another major factor supporting the surveillance camera market is the presence of an established ecosystem of surveillance camera component manufacturers and system integrators. A large number of global firms also have production facilities in China, which ensures ample availability of products for local consumers.
China Surveillance Camera Market Trends
IP based Surveillance Cameras Driving the Demand
- China boasts the world's most extensive surveillance network, with over half of all global surveillance cameras in operation. A recent report highlights the rapid expansion of this system. The surge in demand for security surveillance is a direct response to increasing home burglaries and squatting incidents, making residential security a paramount concern for homeowners.
- China's pervasive surveillance infrastructure is a well-documented reality. Public spaces are saturated with CCTV cameras, capturing details ranging from clothing and gender to age and ethnicity. Many of these cameras are bolstered by facial recognition technology, aiding in identifying individuals on police watchlists. Notably, investments in this technology continue to climb. For instance, in January 2024, Hong Kong's government unveiled plans to add 2,000 more CCTV cameras in public areas, citing crime-fighting as the primary motivation. These cameras are slated for installation in densely populated or high-crime regions.
- As China's metropolitan areas witness population surges, the demand for security systems has seen a corresponding uptick. According to Worldometer, as of March 30, 2023, China's population stands at over 1.45 billion (1,454,507,737). These surveillance cameras, equipped with facial recognition or "gait recognition" technology, can identify any individual, be it a Chinese national or a foreigner. The Chinese government often cites "digital health codes" as a rationale for these installations. While many have grown accustomed to this constant surveillance, some individuals remain uneasy with the omnipresent cameras.
- Moreover, there has been a significant rise in China's retail sales. For instance, as per the National Bureau of Statistics of China, the total retail sales in China increased by around 7.2 percent in 2023 compared to the previous year. Thus, as China's retail landscape expands, retail stores have become prime targets for shoplifters. Studies reveal that retail establishments face daily losses due to theft and negligence, cumulatively resulting in substantial financial setbacks. Consequently, there's been a notable uptick in demand for IP-based cameras in Chinese retail outlets. These cameras deter theft and help prevent anti-social behavior, particularly in sprawling retail spaces where human surveillance may have blind spots.
- The adoption of IP-based cameras is on a sharp incline in China, driven by the growing appetite for facial recognition technology. These cameras are now used for a range of tasks, from monitoring tourists at popular sites and enhancing airport security to more controversial applications like predictive policing and enforcing stringent policies.
Government Sector is Expected to Hold Significant Share
- China witnessed a notable surge in crime rates, leading to it claiming the second spot globally for the highest prisoner count as of December 2023. In response, the Chinese government has intensified efforts to bolster safety and security for its citizens. For instance, in April 2024, the Ministry of State Security in China issued new directives granting law enforcement the authority to search electronic devices without a warrant or ongoing criminal probe. This move underscores the nation's deepening commitment to surveillance. For instance, Shanghai's "One Person, One File (OPOF)" initiative, proposed by local authorities, marks a significant step in China's aggressive digital censorship agenda. In central Shanghai, plans are afoot to triple the number of facial recognition cameras and significantly boost computing capabilities. These enhancements aim to facilitate the analysis of vast data sets, tracking the daily activities and behaviors of over 50 million citizens.
- Moreover, the Xuhui District is set to bolster its surveillance infrastructure by adding 2,500 new facial recognition cameras, effectively tripling its current count. Authorities project these cameras will process a staggering 25.9 million faces daily, averaging around 18,860 individuals every minute. This translates to approximately 175 cameras per square mile in the 21-square-mile district.
- In February 2024, China unveiled plans to monitor government-funded projects around the clock. These regulations target firms that have received a minimum of 30 million yuan (approximately USD 4.2 million) in government funding. The government asserts these measures are vital for bolstering investment oversight and ensuring the efficacy of public funds. These rules are part of a broader initiative to prevent the diversion of funds, particularly those aimed at supporting struggling property developers. In addition, China, ranked second globally in prisoner count by the ICPR, has been actively bolstering its surveillance capabilities.
- These stringent government directives are bolstering the demand for surveillance cameras in China. In the market, CCTV cameras offer superior image quality compared to their analog counterparts. IP cameras, a growing trend, provide enhanced zoom capabilities and can seamlessly integrate with advanced analytics systems, optimizing their performance.
China Surveillance Camera Industry Overview
China's surveillance camera market has several players, making it fragmented. Considering the growing competition owing to the entry of more players, vendors continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Dahua Technology Co. Ltd, Hangzhou Hikvision Digital Technology Co. Ltd, Hanwha Vision Co. Ltd, Zhejiang Uniview Technologies Co. Ltd, and others.
• April 2024: Zhejiang Dahua Technology completed the sale of its US subsidiary, effectively pulling out of the US market in response to a string of sanctions. Central Motion Picture USA, a division of a Taiwanese film company, emerged as the buyer, finalizing the acquisition for USD 15 million. In addition, as part of the deal, Dahua's Canadian arm offloaded inventory products worth USD 1 million to the new owner.
• November 2023: Within just five years of commencing operations, Hanwha Vision's Vietnam facility hit a milestone, producing its ten millionth unit. This feat underscores the company's global expansion and highlights its growing presence in the US market. Hanwha Vision now plans to capitalize on this success, solidifying its position on the global stage with a continued emphasis on the United States.
China Surveillance Camera Market Leaders
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Dahua Technology Co., Ltd
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Hanwha Vision Co., Ltd.
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Honeywell International Inc.
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ZANUO Technology Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
China Surveillance Camera Market News
- December 2023: Within just five years of commencing operations, Hanwha Vision's Vietnam facility hit a significant milestone, producing its ten millionth unit. This milestone underscores Hanwha Vision's robust growth, particularly in the US market. With this achievement as a springboard, the company is poised to fortify its global standing, with a continued emphasis on the US market.
- November 2023: Dahua Technology unveiled its latest innovation: the Dahua Wireless Series. This series features a lineup of cameras—Turret, Picoo, Bullet, and Hero—specifically tailored for small and medium-sized applications. These cameras are compact and wireless and boast a design that emphasizes ease of installation and discreet monitoring. What sets these cameras apart is their seamless integration with the Dahua Mobile Security Surveillance (DMSS) app, allowing users to manage them over cell phone networks. Alternatively, users can opt for the Dahua Security System (DSS) video management system, accessible via WiFi, for a professional remote surveillance experience.
China Surveillance Camera Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Presence of an Established Ecosystem for Surveillance Camera Manufacturing
5.1.2 Supportive Government Outlook Towards Security and Surveillance of Public and Private Spaces
5.2 Market Restraints
5.2.1 Growing Concern About Misuse of Surveillance Cameras
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Analog Based
6.1.2 IP Based
6.2 By End-user Industry
6.2.1 Government
6.2.2 Banking
6.2.3 Healthcare
6.2.4 Transportation and Logistics
6.2.5 Industrial
6.2.6 Others (Education Institutions, Retail, Enterprises)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Hangzhou Hikvision Digital Technology Co., Ltd.
7.1.2 Dahua Technology Co., Ltd
7.1.3 Sysvideo Technology Limited
7.1.4 Honeywell International Inc.
7.1.5 Hanwha Vision Co., Ltd.
7.1.6 Axis Communications AB
7.1.7 Bosch Security and Safety Systems
7.1.8 Shenzhen XONZ Technology Co.,Ltd
7.1.9 ZANUO Technology Co., Ltd.
7.1.10 Zhuhai RaySharp Technology Co., Ltd.
7.1.11 LS Vision
7.1.12 Unifore Security (Shenzhen Meidasi Technology Development Co., Ltd.)
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
China Surveillance Camera Industry Segmentation
Surveillance cameras, also known as security cameras, are video cameras designed to monitor specific areas. Typically, they link to a recording system or an IP network and are monitored, particularly in commercial settings. The study evaluates the trends and dynamics related to different types of surveillance cameras across various end-user verticals in China. Furthermore, the study considered the sales of surveillance cameras by major market vendors in China as the baseline for market estimation.
The Chinese surveillance camera market is segmented by type (analog-based, IP-based) and by end-user industry (government, banking, healthcare, transportation and logistics, industrial, and others). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Analog Based | |
| IP Based |
| By End-user Industry | |
| Government | |
| Banking | |
| Healthcare | |
| Transportation and Logistics | |
| Industrial | |
| Others (Education Institutions, Retail, Enterprises) |
China Surveillance Camera Market Research FAQs
How big is the China Surveillance Camera Market?
The China Surveillance Camera Market size is expected to reach USD 8.5 billion in 2024 and grow at a CAGR of 10% to reach USD 13.70 billion by 2029.
What is the current China Surveillance Camera Market size?
In 2024, the China Surveillance Camera Market size is expected to reach USD 8.5 billion.
Who are the key players in China Surveillance Camera Market?
Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd, Hanwha Vision Co., Ltd., Honeywell International Inc. and ZANUO Technology Co., Ltd. are the major companies operating in the China Surveillance Camera Market.
What years does this China Surveillance Camera Market cover, and what was the market size in 2023?
In 2023, the China Surveillance Camera Market size was estimated at USD 7.65 billion. The report covers the China Surveillance Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Surveillance Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Surveillance Camera Industry Report
Statistics for the 2024 China Surveillance Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Surveillance Camera analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
