China Surveillance IP Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.70 Billion |
| Market Size (2029) | USD 8.80 Billion |
| CAGR (2024 - 2029) | 13.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Surveillance IP Camera Market Analysis
The China Surveillance IP Camera Market size is estimated at USD 4.70 billion in 2024, and is expected to reach USD 8.80 billion by 2029, growing at a CAGR of 13.30% during the forecast period (2024-2029).
- Over the past few decades, China's urbanization rate has consistently risen. This surge in urbanization has spurred an increased demand for advanced surveillance solutions aimed at bolstering urban security. Additionally, government initiatives are swiftly upgrading the nation's surveillance infrastructure, further fueling market growth in China.
- Metropolises such as Shanghai and Shenzhen are at the forefront of the smart city movement, embedding advanced surveillance systems within their broader smart infrastructure. Notably, Shanghai has clinched prestigious accolades for its smart city endeavors. Singapore and Shenzhen are actively collaborating on various smart city ventures, further propelling market expansion.
- The evolution of AI and machine learning has empowered IP cameras to undertake tasks like facial recognition, behavior analysis, and anomaly detection. Major companies in the Chinese surveillance camera industry, such as Hikvision, Dahua Technology, and Huawei, are channeling substantial resources into R&D to enhance IP camera capabilities. Despite geopolitical tensions, a multitude of international firms are channeling investments into Chinese surveillance tech startups, underscoring their confidence in the market's trajectory.
- The commercial sector, notably banking and finance, is driving the demand for advanced security technologies, with a notable surge in smart homes and IP camera usage in commercial buildings. Enhanced bandwidth and declining storage costs are facilitating the adoption of higher-resolution IP cameras.
- China is harnessing the advancements of 5.5G to boost network speeds, especially for smart factories and other internet-connected infrastructures such as surveillance systems. According to the 2023 Statistical Report on China's Internet Development, urban internet users in China reached 777 million, making up 72.1% of the country's total. Through initiatives such as "Safe City" and "Skynet," the Chinese government emphasizes public safety, deploying comprehensive surveillance systems to oversee crowds and deter unrest, enhancing public safety.
- As awareness of privacy issues rises, a simultaneous demand emerges for effective surveillance with stringent data protection. Consumers are voicing heightened concerns over the storage and usage of surveillance data, posing a significant challenge to the market's expansion. In response, market vendors are actively bolstering their security features. Thus, this intricate balance of security demands and technological progress fuels the vigorous growth of China's IP camera market.
China Surveillance IP Camera Market Trends
Technological Advancements to Expand the Use Cases and Adoption
- Technological advancements are pivotal in propelling China's surveillance IP camera market and reshaping the surveillance system landscape. Integrating machine learning (ML) and artificial intelligence (AI) into IP cameras revolutionizes the photography landscape. These cutting-edge technologies boost IP cameras' capabilities, enabling features like automated photo recognition, real-time predictive photography, and intelligent subject identification. As China emerges as a pivotal center for AI advancements, the IP camera market is poised for significant technological evolution during the forecast period.
- China boasts a roster of top-tier surveillance system manufacturers, including industry giants like Hikvision, Dahua Technology, and Zhejiang Uniview Technologies. These firms are renowned for spearheading technological advancements and broadening the horizons of surveillance systems. Hikvision, a global leader in video surveillance, stands out for its substantial R&D investments, which are supported by a workforce of thousands of engineers.
- In Shenzhen, Huawei's 5G-enabled cameras contribute to the smart city infrastructure, delivering real-time insights on traffic, public safety, and environmental conditions. This bolsters urban management and response capabilities. Other companies are also pushing advancements, further accelerating the country's surveillance adoption. As China's 5G network expands, it facilitates high-speed data transmission. This enables real-time video streaming and remote monitoring with minimal latency, ensuring more reliable and extensive coverage.
- As urbanization in China accelerates, so does the demand for advanced surveillance systems. Consequently, the IP camera industry's technological advancements are enabling these devices to manage high traffic volumes and operate efficiently in bustling environments. For instance, in 2023, China's urbanization rate reached 66.16%, according to the National Bureau of Statistics, highlighting a steady upward trajectory. This increase emphasizes the urgent need for enhanced surveillance solutions to ensure urban security.
The Government Sector to Remain a Prominent Demand Driver
- China is one of the world's most surveilled nations, underscoring the government's strong focus on security. Recent regulations further highlight this emphasis. Developers, especially those receiving substantial government funding, are now mandated to integrate surveillance systems into their projects. This move aims to ensure transparency and accountability. Specifically, these regulations zero in on firms granted at least CNY 30 million (approximately USD 4.2 million) in government funds. The overarching objective is to strengthen the oversight of investments and optimize public spending efficiency.
- Surveillance measures extend to urban zones, public transit, and sensitive sites, serving the dual purposes of upholding social order and surveilling potential dissent. Notably, in the central Hubei province, Xiangyang has rolled out an advanced traffic management system, leveraging AI and internet-of-vehicle technologies. Moreover, the advent of high-speed 5G networks has facilitated the integration of high-definition IP cameras, enabling seamless data transmission and remote monitoring.
- The government partners with private tech firms to enhance surveillance. For example, Huawei and Hikvision work with city governments to deploy advanced IP camera systems. These cameras, installed in parks, squares, and commercial zones, monitor crowds, deter crime, and ensure public safety. Hikvision, a leading Chinese surveillance camera manufacturer, has seen significant domestic revenue growth. In 2023, the company recorded USD 8.46 billion in domestic revenue, marking a 6.12% growth rate, highlighting the strong demand for its technology.
- Beijing has established an extensive surveillance network, merging thousands of cameras with advanced AI for facial recognition and behavior analysis. Shenzhen is mirroring this approach, rolling out its smart city program that features a broad deployment of IP cameras. Moreover, projects such as Skynet and Safe Cities have further bolstered the camera network, with the current count surpassing hundreds of millions.
- China's increasing public sector investments in infrastructure are set to bolster the growth of the market studied, with surveillance cameras emerging as vital components of urban infrastructure. As reported by the Ministry of Finance of the People's Republic of China, public investments in China's transport infrastructure reached CNY 1,220.6 billion (approximately USD 170 billion) in 2023.
China Surveillance IP Camera Industry Overview
The Chinese surveillance IP camera market is fragmented, with major domestic and international players competing by offering technologically advanced products. The market features a wide range of manufacturers offering various technologies and solutions. Many companies compete in the market, offering various surveillance camera types and integration services. Some key market players include Hikvision, Dahua Technology, Hanwha Vision, and Bosch, among others.
- June 2024: In a bid to eradicate bullying and campus violence, the Chinese government is set to install surveillance cameras in corridors, storerooms, and rooftops of all primary and secondary schools. This initiative is expected to bolster the opportunities in the country's IP camera market during the forecast period.
China Surveillance IP Camera Market Leaders
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Zhejiang Dahua Technology Co., Ltd.
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Hanwha Vision
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Bosch Sicherheitssysteme GmbH
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ACTi Corporation
*Disclaimer: Major Players sorted in no particular order
China Surveillance IP Camera Market News
- May 2024: VIVOTEK, a key player in the security solutions market, is enhancing its AI capabilities. The company introduced the 9383-Series network camera, targeting entry-level AI security needs. This camera democratizes AI video analytics, allowing users to easily identify individuals and vehicles, significantly enhancing operational efficiency. Additionally, it integrates smoothly with VIVOTEK's Core+ AI Network Video Recorder (NVR) and the VAST Security Station (VSS) system.
- January 2024: Hikvision, a frontrunner in security solutions, expanded its camera lineup with the launch of the Stealth Edition Cameras. Sporting distinctive black housings, these cameras not only present a modern aesthetic but are also equipped with state-of-the-art features. The features include 24/7 full-color imaging via ColorVu and sophisticated AI detection for humans and vehicles powered by AcuSense technology. The cameras' eye-catching black design harmoniously merges style with groundbreaking features, especially their cutting-edge AI video technology.
China Surveillance IP 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 Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 An Assessment of the Impact of Macroeconomic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Technological Advancement to Expand the Use Cases and Adoption
5.1.2 Government Initiatives and Investments
5.2 Market Restraints
5.2.1 Privacy Concerns
6. MARKET SEGMENTATION
6.1 By End-user Industry
6.1.1 Government
6.1.2 Banking
6.1.3 Healthcare
6.1.4 Transportation and Logistics
6.1.5 Industrial
6.1.6 Other End-user Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Zhejiang Dahua Technology Co. Ltd
7.1.2 Hangzhou Hikvision Digital Technology Co. Ltd
7.1.3 Hanwha Vision
7.1.4 ACTi Corporation
7.1.5 Bosch Sicherheitssysteme GmbH
7.1.6 Zhejiang Uniview Technologies Co. Ltd
7.1.7 IDIS Ltd
7.1.8 Honeywell International Inc.
7.1.9 Panasonic Corporation
7.1.10 Sysvideo Technology Limited
7.1.11 Vivotek Inc.
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
China Surveillance IP Camera Industry Segmentation
IP cameras, short for Internet Protocol cameras, facilitate digital video surveillance by transmitting footage via the Internet or a local area network (LAN). True to their name, these cameras link to networks using either WiFi or power over Ethernet cables. Frequently paired with digital video recorders and network video recorders, IP cameras have become a prevalent choice for enterprise-level video surveillance solutions.
The study monitors the revenues generated from the sale of surveillance IP camera products by various players in China. It also examines key market parameters, growth influencers, and major industry vendors, all of which support the market estimations and growth rates for the forecast period. Additionally, the study assesses the overall influence of macroeconomic factors on the market.
The Chinese surveillance IP camera market is segmented by end-user industry (government, banking, healthcare, transportation and logistics, industrial, and other end-user industries). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By End-user Industry | |
| Government | |
| Banking | |
| Healthcare | |
| Transportation and Logistics | |
| Industrial | |
| Other End-user Industries |
China Surveillance IP Camera Market Research FAQs
How big is the China Surveillance IP Camera Market?
The China Surveillance IP Camera Market size is expected to reach USD 4.70 billion in 2024 and grow at a CAGR of 13.30% to reach USD 8.80 billion by 2029.
What is the current China Surveillance IP Camera Market size?
In 2024, the China Surveillance IP Camera Market size is expected to reach USD 4.70 billion.
Who are the key players in China Surveillance IP Camera Market?
Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Vision, Bosch Sicherheitssysteme GmbH and ACTi Corporation are the major companies operating in the China Surveillance IP Camera Market.
What years does this China Surveillance IP Camera Market cover, and what was the market size in 2023?
In 2023, the China Surveillance IP Camera Market size was estimated at USD 4.07 billion. The report covers the China Surveillance IP Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Surveillance IP Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Surveillance IP Camera Industry Report
Statistics for the 2024 China Surveillance IP Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Surveillance IP 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.
China Surveillance IP Camera Market Report Snapshots
