Homeland Security Surveillance Camera Global Market – Overview
The global homeland security surveillance camera market is showing immense growth; mainly due to the growing need to reduce crime rates and increased demand for advanced safety measures. Steep increase in the adoption of video surveillance cameras for safety is one major factor driving the growth of homeland security surveillance camera market. Bosch Security Systems, General Dynamics, Honeywell International, Moog and Silent Sentinel are the major investors in the Homeland Security Surveillance Camera Market.
Based on camera type, IP camera sub segment is expected to grow at a significant rate during the forecast period. This is owing to the quality of content which can be produced through an IP Camera is better than that of other camera types. The major driver of homeland security surveillance camera market is the concern of the citizens living in country regarding the protection of homeland from foreign attacks. According to a recent study report published by Market Research Future, The global market of homeland security surveillance camera is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
Also, increasing government initiatives to reduce crime rate and protect their own country is one major factor responsible for the growth of homeland security surveillance camera market. Improved cyber security and flexibility to match custom requirements is one of the major factors driving the growth of homeland security surveillance camera market. Also, technological advancements and persistent rise in the complexity of technological solutions is one major factor responsible for driving the growth of homeland security surveillance camera market. On the other hand, high costs of deploying security surveillance cameras and lack of awareness are major factors hindering the growth of homeland security surveillance camera market. Also, individual concerns regarding privacy issues are other factors that may hamper the market growth.
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February 2018 – General Dynamics has conducted a successful border security technology pilot in Texas. The company has established a teaming agreement with Parsons Government Services Inc., to support CBP with the deployment of six relocatable systems in Laredo and McAllen, Texas. The company has a diverse portfolio of physical and border security contracts with DHS, the U.S. Department of Defense and commercial customers.
Jan 2018 – Affordable surveillance solution for CONTROP has presented maritime air patrol & EEZ protection. The company offers a complete, integrated, affordable maritime air patrol and Exclusive Economic Zone (EEZ) protection surveillance solution.
Homeland Security Surveillance Camera Global Market – Segmentation
The homeland security surveillance camera market can be classified into 3 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Camera Type: Comprises of Printer/Copier Manufacturers, System Integrators/Resellers and Independent Software Vendors (ISVs)
- Segmentation by Application: Comprises of BFSI, Education, Healthcare, IT & Telecommunication, Manufacturing, Legal, Government and Others
- Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
The prominent players in the homeland security surveillance camera market are – Robert Bosch Gmbh (German), General Dynamics Corporation (U.S.), Honeywell International Inc. (U.S), Moog Inc. (U.S.), Baxall Construction Ltd (U.K.), Controp Precision Technologies Ltd. (Israel), Netvu Ltd (U.K.), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), Vicon Industries, Inc. (U.S.), among others.
Homeland Security Surveillance Camera Global Market – Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the homeland security surveillance camera market in North America owing to the presence of a large number of established key players such as General Dynamics Corporation, Honeywell International Inc., Moog Inc. and Vicon Industries, Inc. among others. Also, U.S. is leading the market in North America due to the increasing focus on the maintenance of border and infrastructure security in the region. Also, due to increased government spending and growing awareness among the police and law enforcement officials, companies are investing in the North America market, which is expected to help the region to gain the maximum share of the homeland security surveillance camera market. Homeland security surveillance camera market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in demand for better safety measures and advanced security cameras in countries like China and India in the region. Whereas, the Europe market for homeland security surveillance camera is expected to grow at a considerable CAGR (2017-2023).
Homeland Security Surveillance Camera Global Market – Competitive Analysis
The market of homeland security surveillance camera appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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