Market Trends of Japan Video Surveillance Industry
The Camera Segment to Hold a Significant Market Share
- Surveillance cameras have been growing in Japan in both residential and commercial segments. Due to a higher rate of urbanization, the use of security cameras is prevalent in Japanese households. According to the data provided by the World Bank, more than 90% of the Japanese population lives in urban areas.
- A higher share of the aged population is another major factor driving the adoption of surveillance cameras. It helps the users track activities at their households/residential premises even when they are not physically present. Also, video surveillance can help family members monitor elderly members/kids. Hence, the forecast period is anticipated to witness a higher adoption of surveillance cameras in the residential segment.
- Also, crime in residential/commercial places is anticipated to encourage consumers and business enterprises to adopt video surveillance cameras. For instance, according to the data provided by e-stat (Japan) and the National Police Agency, Kanto was the region with the highest number of homicide cases recorded by the police, followed by areas such as Kinki, Tokyo Prefecture, and Kyushu.
- Japan also has a higher footprint in the industrial sector. Over the years, the number of business enterprises operating in the country has grown significantly. As business enterprises, especially in the more significant segment, usually operate from multiple sites or multistorey buildings, security cameras are used considerably to ensure the safety and security of premises and assets. Hence, the expanding footprint of the industrial segment/ offices in the country will support the market's growth during the forecast period.
Understand The Key Trends Shaping This Market
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Adoption in the Commercial Segment to Witness Substantial Growth
- Japan is a highly urbanized country, with most of the population living in urban areas. As a result, the number of commercial establishments in the country is high. With the growing urban population and consumer demand, the number is anticipated to continue growing, driving opportunities in the market. Security cameras have become essential to maintain security across such establishments.
- For instance, according to MLIT (Japan) and e-Stat (Japan), Japan has witnessed a stable growth in the number of office buildings. In 2023, the country witnessed construction start for about 9,580 office buildings across different regions.
- Similarly, according to the 2023 survey report of Mori Building Co. Ltd, a leading urban landscape developer in Japan, the supply ratio of properties in Tokyo's 23 core cities with total office-floor space of 100,000 sq. m or more was estimated to increase to 80% in 2023 and 75% in 2027, indicating an upward trend in building scale.
- Considering the growing urban population, the demand for commercial establishments such as retail/convenience stores, shopping malls, hotels, etc., is also anticipated to remain high in the country, creating a favorable outlook for the studied market's growth. For instance, according to data provided by Nippon Software, in 2023, Seven-Eleven was the major convenience store operator in the country with 21,111 stores, followed by FamilyMart and Lawson.
