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China Surveillance Camera Market

2024-10-2900

China Surveillance Camera Market Analysis

The China Surveillance Camera Market size is estimated at USD 9.35 billion in 2025, and is expected to reach USD 15.06 billion by 2030, at a CAGR of 10% during the forecast period (2025-2030).

While often used interchangeably, 'security cameras' and 'surveillance cameras' have a nuanced distinction. Surveillance cameras are primarily deployed in public spaces to both identify and deter criminal activities, operating round the clock.

• When it comes to meeting security needs, surveillance cameras come in a diverse array of form factors and designs. Often synonymous with security, CCTV plays a vital role in monitoring and managing various scenarios. It has evolved into a pivotal business tool, spanning security, traffic, and crowd management. The overarching aim is to provide a comprehensive 24/7 video surveillance solution.

• China has solidified its position as a key market for surveillance cameras, propelled by factors such as rapid urbanization and industrialization. Moreover, the government and law enforcement agencies' favorable stance on leveraging advanced technology to bolster public safety further fuels this trend.

• For instance, the National Development and Reform Commission in China has been taking initiatives to safeguard all major public spaces with surveillance cameras equipped with facial recognition to combat crime and bolster social stability. The adoption of artificial intelligence (AI) and machine learning (ML) technologies is gaining momentum. Consequently, functionalities like facial recognition, object detection, and behavior analysis are now more prevalent. These features find applications across sectors, including public safety, transportation, and retail.

• Another major factor supporting the surveillance camera market is the presence of an established ecosystem of surveillance camera component manufacturers and system integrators. A large number of global firms also have production facilities in China, which ensures ample availability of products for local consumers.

China Surveillance Camera Market Trends

IP based Surveillance Cameras Driving the Demand

Government Sector is Expected to Hold Significant Share

China Surveillance Camera Industry Overview

China's surveillance camera market has several players, making it fragmented. Considering the growing competition owing to the entry of more players, vendors continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Dahua Technology Co. Ltd, Hangzhou Hikvision Digital Technology Co. Ltd, Hanwha Vision Co. Ltd, Zhejiang Uniview Technologies Co. Ltd, and others.

• April 2024: Zhejiang Dahua Technology completed the sale of its US subsidiary, effectively pulling out of the US market in response to a string of sanctions. Central Motion Picture USA, a division of a Taiwanese film company, emerged as the buyer, finalizing the acquisition for USD 15 million. In addition, as part of the deal, Dahua's Canadian arm offloaded inventory products worth USD 1 million to the new owner.

• November 2023: Within just five years of commencing operations, Hanwha Vision's Vietnam facility hit a milestone, producing its ten millionth unit. This feat underscores the company's global expansion and highlights its growing presence in the US market. Hanwha Vision now plans to capitalize on this success, solidifying its position on the global stage with a continued emphasis on the United States.

China Surveillance Camera Market Leaders

  1. Hangzhou Hikvision Digital Technology Co., Ltd.

  2. Dahua Technology Co., Ltd

  3. Hanwha Vision Co., Ltd.

  4. Honeywell International Inc.

  5. ZANUO Technology Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order

China Surveillance Camera Market News

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