Market Trends of Latin America IP Camera Industry
The Pan-Tilt-Zoom (PTZ) Type Segment is Expected to Witness High Growth
- A PTZ camera allows for motorized rotation (horizontal), tilting (vertical), and zooming in and out of the lens. The lens typically has a 360-degree rotation capability. By tilting, the viewing direction can be adjusted downwards. In addition, certain PTZ cameras can be positioned upwards, known as positioning cameras.
- The demand for PTZ-type cameras is increasing as they offer operators complete control over the camera's field of vision, enabling them to monitor larger areas more effectively. With these controls, operators can closely examine moving subjects and record detailed footage of events occurring in expansive spaces. In addition, they are equipped with optical and Digital Zoom functions that are especially useful for viewing objects from a long distance and focusing on the details necessary to monitor them.
- The determination of the viewing direction and level of zoom can be done either manually or automatically using a specialized keyboard with a joystick, software, or a mobile application. Many PTZ cameras have the capability to perform a preset tour, while some also offer an auto-tracking feature that enables automatic tracking of moving objects or individuals. Additionally, PTZ cameras often have the ability to rotate and zoom to a predetermined position in response to an alarm signal input.
- Moreover, increasing crime activities in the region will increase the demand for PTZ cameras between 2024 and 2029. For instance, according to Ministerio Público (Paraguay), as of June 2023, there were nearly 3,000 cases of robbery and over 7,000 cases of aggravated robbery in Paraguay. May was the month with the highest incidence of both aggravated and common robbery, with 1,380 and 597 cases, respectively.
- Furthermore, vendors in the market are focusing on introducing new products to meet growing security concerns, further supporting market growth. For instance, in December 2023, Hikvision announced the introduction of TandemVu PTZ cameras to bridge the gaps in security. These cameras cleverly combine a bullet camera with PTZ functionality, providing both panoramic views and precise zoom capabilities simultaneously. This sets a new standard in security solutions.
- Similarly, in August 2023, Verkada announced its new pan-tilt-zoom (PTZ) camera, expanded product offerings, and new platform integrations to deliver even more value to its customers. Verkada's latest CP52-E pan-tilt-zoom (PTZ) camera offers users the capacity to oversee extensive spaces. With a 5MP image sensor, the CP52-E possesses 360-degree pan and 220-degree tilt functions. It is designed to provide impressively minimal latency (<500 milliseconds). The CP52-E is equipped with 28x optical zoom and provides exceptional clarity even in dim lighting due to an infrared range (IR) of 100m / 382ft.
Understand The Key Trends Shaping This Market
Download PDF
Brazil is Expected to Register the Fastest Growth in the Market
- The increasing demand for intelligent video surveillance in public places, commercial buildings, public transport, and other areas, as well as the development of the Internet of Things, is anticipated to integrate IP camera systems in the country further.
- Brazil prioritizes public safety as a paramount concern, leading to substantial investments in security equipment and technology. The extensive range of personal safety challenges, spanning from minor offenses to organized crime, has garnered significant attention from both the public and political spheres. Consequently, the federal government has established a dedicated Public Security Department to address these issues.
- The increasing demand for physical security in establishments has led to a significant rise in businesses adopting IP cameras. This surge in the IP camera market is a direct response to the growing need for enhanced security and protection across end-user industries.
- The Brazilian government has implemented various policies and programs to enhance public safety and reduce crime rates in the nation. One of the key initiatives is the "National Public Security Plan," which aims to decrease crime rates by half by 2029. As part of this effort, the government has introduced video surveillance systems with high-definition cameras in strategic locations across the country.
- The increasing demand for commercial infrastructure has led to increased urbanization. This growing need in the construction industry is expected to drive the IP camera market. For instance, according to Odebrecht, Brazil's infrastructure construction sector's gross domestic product (GDP) reached USD 81.3 billion in 2021. In the five years until 2025, this sector's GDP is expected to increase by over 22%, surpassing USD 99 billion in 2025. This increase will also drive the studied market in the country.
- Furthermore, according to Ministério da Defesa (Brazil), in 2023, the highest amount of crimes recorded in the state of Sao Paulo was for thievery, excluding vehicle thievery, with more than half a million cases. The second most common crime was robberies, with nearly 222,000 incidences.
Get Analysis on Important Geographic Markets
Download PDF
