Analyst: Video-surveillance equipment sales to approach $15B by 2014
After a dip in 2009, 2010's overall sales will match those of 2008 and grow from there.
Recent research by In-Stat indicates that after a downturn experienced in 2009, global sales of video-surveillance equipment for 2010 will return to the market status it had in 2008. Looking forward, revenue from analog cameras, IP cameras, DVR/NVR and IP encoders will approach $15 billion by 2014. The research report looked at the opportunities for semiconductor sales within the video-surveillance market.
"With the growth in surveillance equipment shipments, movement toward higher resolutions and higher attach rates for video analytics, the semiconductor revenue for the video surveillance segment will be stable but misleading," says Michelle Abraham, principal analyst with In-Stat. "The decline of average selling prices for commodity components is hiding upsides in sensors, video and analytics processors, and security and encryption processors."
In-Stat's report "Video Surveillance: Analog and IP Cameras, DVRs, NVRs, Semiconductor and Technology" also notes that growth in IP cameras surpasses analog cameras and drives higher growth rates in hybrid DVRs and NVRs. Additionally, Asia/Pacific will continue to lead shipments of surveillance camera units but camera revenue in that region will be lower than the Americas and Europe/Middle East/Africa because of lower prices for both cameras and surveillance equipment in that region.
The report, available for US$3,995, covers video surveillance equipment primarily as part of a security system intended to capture activity on video.