Market Forecast By Product Types (Conventional, Discreet, Dome, Bullet CCTV Cameras), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Applications (BFSI, Healthcare, Transportation, Education, Business, Retail), By Surveillance Components (CCTV Camera, Video Surveillance Storage Mechanisms, Video Surveillance Software, Analytics) And Competitive Landscape
Product Code: ETC013601 | Publication Date: Oct 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
China Cctv market currently, in 2023, has witnessed an HHI of 1102, Which has decreased slightly as compared to the HHI of 1644 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, Japan was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 1.33% over the previous year. While Thailand registered a growth of 43.2% as compared to the previous year. In the year 2017, Korea was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, China has the Herfindahl index of 1915 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 1439 which signifies high competitiveness in the market.
China CCTV Market report thoroughly covers the market by product types, by technology, by applications, and by surveillance components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
China CCTV Market has been growing tremendously on account of the widening of the industrial landscape, leading to bolstering the installations of CCTVs in the country. Additionally, the rising offering of AI and big data analytics-enabled surveillance systems which is a major revolution in the industry that facilitate efficient security is anticipated to be one of the major growth proliferating factors in the country. Additionally, facial recognition technology integration into surveillance systems has gained popularity that allows identifying suspects and any other frauds more efficiently is considered a great potential factor to drive the growth of the China CCTV industry. Also, the emergence of 5G technology facilitates real-time streaming of high-resolution video feeds from multiple sources with fast internet speed and is projected to be a major opportunity to expand the market landscape at a rapid pace.
China CCTV Market is estimated to accelerate in the country due to growing certain factors including, an increasing shift towards cloud-based storage systems and technological advancement to ensure effective & efficient security. Generally, 5G technology has been introduced in the country with a high internet speed, allowing to operate advanced cameras seamlessly without any disruption and this can be acted as an opportunity for the potential growth of the market.
According to 6Wresearch, the China CCTV Market size is projected to gain momentum during 2020-2026. The market has been growing underpinned by the rising facial recognition technology is popular and has been rising that identifies suspects in crowded places. Furthermore, businesses and government agencies in China are investing massively in video surveillance technology to reduce security & safety concerns. Also, the rising crime rates have made the population aware of the security need, hence the demand for CCTVs is fuelling and this is estimated to secure a tremendous market growth.Β However, some challenges, through CCTV systems hackers can access sensitive data and privacy concerns can hamper the China CCTV Market growth. Although these challenges are considered minor over the advantages CCTV offers, it enables businesses, industries, and government agencies in detecting unusual activities, preventing from fraud, and identify suspects by providing real-time monitoring data, these factors are projected to gain momentum in the country in the coming years.
The COVID-19 pandemic had a mixed impact on the China CCTV Market. The pandemic caused many businesses to shut down which resulted in the reduction of CCTVs installation. On the other hand, COVID-19 had led to remote work and online learning, resulting in the rise of video conferencing solutions integrated with CCTVs. Also, Cloud-based storage solutions gained traction to record remote footage.
Several key players operating in the market with a strong market presence are mentioned below:
According to Shivankar, Research Manager, 6Wresearch, conventional and bullet CCTV cameras growing in the market driven by various factors such as technological advancement, and customer preference due to their clear capturing capabilities.
Based on the technology, all technology are collectively experiencing growth in the market as their wide usage across the industries, and also their applications rely on some factors like infrastructure, security needs, and industry trends.
Based on the application, The BFSI sector remains a prominent adopter of CCTVs in the country for high-security measure needs. Financial institutions, banks, and insurance companies need massive monitoring to protect from crime & fraud and prevent assets.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China CCTV Market Overview |
3.1 China CCTV Market Revenues & Volume, 2016 - 2026F |
3.2 China CCTV Market - Industry Life Cycle |
3.3 China CCTV Market - Porter's Five Forces |
3.4 China CCTV Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.5 China CCTV Market Revenues & Volume Share, By Technology, 2019 & 2026F |
3.6 China CCTV Market Revenues & Volume Share, By Applications, 2019 & 2026F |
3.7 China CCTV Market Revenues & Volume Share, By Surveillance Components, 2019 & 2026F |
4 China CCTV Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 China CCTV Market Trends |
6 China CCTV Market Segmentation |
6.1 China CCTV Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 China CCTV Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 China CCTV Market Revenues & Volume, By Conventional, 2016 - 2026F |
6.1.4 China CCTV Market Revenues & Volume, By Discreet, 2016 - 2026F |
6.1.5 China CCTV Market Revenues & Volume, By Dome, 2016 - 2026F |
6.1.6 China CCTV Market Revenues & Volume, By Bullet CCTV Cameras, 2016 - 2026F |
6.2 China CCTV Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 China CCTV Market Revenues & Volume, By Analog CCTV Systems, 2016 - 2026F |
6.2.3 China CCTV Market Revenues & Volume, By Wireless CCTV Systems, 2016 - 2026F |
6.2.4 China CCTV Market Revenues & Volume, By IP-based CCTV Systems, 2016 - 2026F |
6.2.5 China CCTV Market Revenues & Volume, By Hybrid CCTV Systems, 2016 - 2026F |
6.3 China CCTV Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 China CCTV Market Revenues & Volume, By BFSI, 2016 - 2026F |
6.3.3 China CCTV Market Revenues & Volume, By Healthcare, 2016 - 2026F |
6.3.4 China CCTV Market Revenues & Volume, By Transportation, 2016 - 2026F |
6.3.5 China CCTV Market Revenues & Volume, By Education, 2016 - 2026F |
6.3.6 China CCTV Market Revenues & Volume, By Business, 2016 - 2026F |
6.3.7 China CCTV Market Revenues & Volume, By Retail, 2016 - 2026F |
6.4 China CCTV Market, By Surveillance Components |
6.4.1 Overview and Analysis |
6.4.2 China CCTV Market Revenues & Volume, By CCTV Camera, 2016 - 2026F |
6.4.3 China CCTV Market Revenues & Volume, By Video Surveillance Storage Mechanisms, 2016 - 2026F |
6.4.4 China CCTV Market Revenues & Volume, By Video Surveillance Software, 2016 - 2026F |
6.4.5 China CCTV Market Revenues & Volume, By Analytics, 2016 - 2026F |
7 China CCTV Market Import-Export Trade Statistics |
7.1 China CCTV Market Export to Major Countries |
7.2 China CCTV Market Imports from Major Countries |
8 China CCTV Market Key Performance Indicators |
9 China CCTV Market - Opportunity Assessment |
9.1 China CCTV Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 China CCTV Market Opportunity Assessment, By Technology, 2019 & 2026F |
9.3 China CCTV Market Opportunity Assessment, By Applications, 2019 & 2026F |
9.4 China CCTV Market Opportunity Assessment, By Surveillance Components, 2019 & 2026F |
10 China CCTV Market - Competitive Landscape |
10.1 China CCTV Market Revenue Share, By Companies, 2019 |
10.2 China CCTV Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |