Security Cameras (IR Illuminator) Market worth 2.68 Bn USD by 2020, According to a New Study on ASDReports
The report, now available on ASDReports, "Security Cameras (IR Illuminator) Market by System (Analog, IP Based), Resolution (NON HD, HD, Full HD), Type (Indoor, Outdoor), Feature (PTZ, Fixed), Application (City Infrastructure, Commercial, Institutional) and Geography - Global Forecast to 2020" , the security cameras (IR illuminator) market is estimated to reach USD 2.68 Billion by 2020 from USD 1.75 Billion in 2015, at a CAGR of 8.8% between 2015 and 2020. Security issues in developing countries, reduction in ASP for IP cameras, acceptance of IR illumination for better vision are the major causes of market growth.
“Fixed type camera feature influences the market growth”
PTZ (Pan/Tilt/Zoom) features help complete area surveillance with single or less number of cameras. Fixed cameras are used in the applications where continuous monitoring is required. It is less expensive as compared to other types of cameras. With predictive analysis and advancement in technology, PTZ cameras might see an increase in usage in future. The PTZ cameras are costlier than fixed camera, which limits the growth of its application in the market.
Security Cameras (IR Illuminator) Market - Global Forecast to 2020
“APAC will dominate IR Illuminator market for the next five years”
The APAC region will dominate the IR illuminator market for the forecast period of 2015 to 2020, owing to cheap and highly advanced camera availability and major camera manufacturers in this region. Growing infrastructure demand and security concerns in APAC region in countries like China, India etc. will contribute to the high growth of IR Illuminator market in the forecast period.
“City Infrastructure to lead the Security Cameras with IR Illuminator market”
This research report segments the IR Illuminator market on the basis of six types of applications – border security, city infrastructure, commercial areas, institutional areas, industrial and residential areas. Segment of city infrastructure is expected to lead the market for the forecast period. Government and private organizations are investing heavily for public and organizational safety; hence the segment of city infrastructure leads the security cameras market. Within the segment of City Infrastructure, the sub-segment of highways, streets and bridges is expected to grow with highest CAGR in theforecast period of 2015 to 2020.
Report includes competitive landscape of security cameras (with IR illuminator) market along with company profiles of Arecont Vision LLC, Avigilon Corporation, Axis Communications, Bosch Security Systems, Canon Inc., Cisco Systems Inc., Dahua Technology, Hikvision Digital Technology Co. Ltd., Honeywell International Inc., JVCKENWOOD, Mitsubishi Electric, Panasonic Corporation, Samsung Techwin, Schneider Electric, Sony Electronics Inc., Tyco International, Vicon Industries Inc.
This report describes the drivers, restraints, opportunities, and challenges with respect to the IR illuminator market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the IR illuminator market.
Source : ASDReports - Market Research - view original press release