New Technologies and Applications Driving Growth in Chinese Video Surveillance Camera Market

Increased acceptance of closed circuit television (CCTV), decreasing camera component prices, advancements in technology and new applications are factors driving demand for video surveillance cameras in China. As long as need for security and surveillance remains strong, opportunities for CCTV systems exist. According to Frost & Sullivan, the Chinese market was worth US$213.8 million in 2006; it further estimated that this will reach $484.3 million in 2013. As Chinese customers prefer solutions rather than products, companies with core competency in one product market will need to acquire competencies in others to provide backward and forward integration.
Share to:
Comments ( 0 ) provides weekly and monthly e-Newsletters which include the latest security industry news, vertical solution case studies and product information.

Please key in code