Market Share of Latin America IP Camera Industry
The Latin American IP Camera market is fragmented because of the presence of several prominent players. Major players in the market are focusing on expanding their customer base across foreign countries by leveraging strategic collaborative initiatives to increase their market share and profitability. Key players are Hanwha Vision America, Hangzhou Hikvision Digital Technology Co. Ltd, Samsung Electronics Co. Ltd, Johnson Controls, and Sony Corporation.
- In April 2024, Hanwha Vision announced the unveiling of two AI PTZ Plus cameras, namely the XNP-C9310R and XNP-C7310R. These cameras utilize artificial intelligence to swiftly zoom and focus, enhancing situational awareness and reducing response times. Moreover, they excel in adverse weather conditions, such as storms and snow, due to their remarkable Spin dry and heater functions. These functions effectively remove water and melt ice, ensuring optimal visual clarity at all times.
- In April 2024, LenelS2 and Hanwha Vision announced a new strategic partnership that established LenelS2 as a reseller of Hanwha Vision cameras in the Americas. This partnership will enable customers to utilize Hanwha Vision's full range of IP cameras through LenelS2's authorized value-added resellers (VARs), in addition to the brand's array of products and services.
Latin America IP Camera Market Leaders
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Samsung Electronics Co., Ltd.
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Sony Corporation
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Hanwha Vision America
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Johnson Controls
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Hangzhou Hikvision Digital Technology Co., Ltd
*Disclaimer: Major Players sorted in no particular order
