China and the United States security market pattern…

More than one-fifth of the world’s surveillance cameras are produced by China’s Hikvision, and its market value has surpassed that of Sony. One thing that is relevant to everyone but easily overlooked is that the United States is a fast-growing country in the world of video surveillance, and 100% full coverage of surveillance cameras is already available in the big cities.
A new group of data from industry research firm IHS Markit shows that China has 176 million surveillance cameras in public and private areas, including airport train stations and streets, while only about 50 million cameras are installed in the United States. It is estimated that the number of cameras installed in China will increase to 626 million in three years.

At the same time, the US video surveillance market is worth $6.4 billion, and an annual growth rate of 12% is expected to continue until 2021. In contrast, the US figure is $2.9 billion, with an annual growth rate of less than 1%.

Leave a Reply

Your email address will not be published. Required fields are marked *