In 2010, approximately 10 percent of Chinese security camera market revenues will come from the sale of network cameras. IMS Research has issued this forecast in the report entitled “The China market for CCTV and Video Surveillance Equipment – 2010 edition.”
It is forecast that more than 10 million security cameras will be shipped for domestic consumption in China in 2010. Network security cameras are forecast to account for only 3 percent of the market in terms of unit shipments. However, due to the higher average selling price than analog security cameras, they are forecast to
account for 10 percent of total security camera market revenues in 2010. The compound annual growth rate (CAGR) of network security cameras is forecast to be in excess of 40 percent between 2010 and 2014. Utilities and transportation are forecast be the fastest-growing markets for network cameras over the next five years.
“The combination of analog camera plus encoder still accounts for the majority of the market for IP surveillance in China. In terms of the number of IP surveillance channels, network cameras only account for around one-fifth of the total,” said Bo Zhang, Market Analyst. “However, network cameras are forecast to grow faster than video encoders in the next five years. Network cameras are becoming increasingly important in the Chinese security industry.”