Global Night Vision (IR) Surveillance Cameras Market to Reach US$175.8 Mn by 2024; Falling Prices to Boost Sales.
ALBANY, New York, July, 18, 2016 – In today’s era of a growing awareness of safety and security, surveillance cameras help people better protect their business premises and residential areas. One of the latest trends in surveillance cameras is infrared (IR) night vision cameras, which provide enhanced vision. Night vision surveillance cameras have become popular and more accessible in recent years as the product technology has been developed at a steady rate. Modern night vision surveillance cameras are increasingly being used by various industries such as retail, the public sector and defense, transportation, stadiums, and residential and business organizations. These are some of the findings of a new report added by Market Research Hub to its repository.
The report, titled ‘Night Vision (IR) Surveillance cameras Market (By Shape - Box Cameras, Dome Cameras, and Bullet Cameras; By Type - Fixed Cameras and PTZ Cameras; By End-use - Public Sector and Defense, Retail, Transportation, Industrial, Stadiums, Business Organizations and others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,’ states that the market will benefit from the growing occurrence of thefts and security breaches. Moreover, the rising fear of terrorism and cross-border infiltration will create more demand for night vision cameras across national boundaries, predict the report’s authors. The report defines night vision cameras and then focuses on summarizing the changing trends in the global surveillance cameras market. Night vision (IR) surveillance cameras find application in face recognition, traffic management, asset management, and threat detection.
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The report highlights the major factors driving and restricting the global market for night vision surveillance cameras. The demand for the latest night vision surveillance cameras is expected to increase from business organizations, the residential sector, and the retail sector owing to their attributes such as timely alerts and alarms, cloud recording, facial recognition, night vision, motion detection, and enhanced viewing angles. Night vision cameras are easy to use and available at affordable rates. This is expected to benefit the global market in the long run.
For a competitive analysis, the report’s authors have segmented the global night vision surveillance cameras market on the basis of region, end use, shape, and type. Based on type, the global night vision surveillance cameras market is classified into PTZ cameras and fixed cameras. Considering their wide-angle view, the demand for fixed cameras is expected to increase. By shape, box cameras, bullet cameras, and dome cameras are witnessing more demand than others.
The global night vision surveillance cameras market is regionally divided into the Middle East and Africa, North America, Asia Pacific, Europe, and Latin America. The market is highly competitive in nature, with many leading players operating across various locations. Currently, FLIR Systems, Robert Bosch GmbH, Raytheon Company, L-3 Communications Holdings, Hikvision Digital Technology Co., Axis Communications AB, Pelco Corporation, and BAE Systems plc. are some of the leading players operating in the global night vision surveillance cameras market. Leading players are currently focusing on partnerships and mergers to introduce new products. With mergers, the new entrants are expected to gain more momentum in the competitive market.
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At present, vendors are focusing on improving key areas of IR cameras such as intelligent imaging and video analytics. Technological advancements and the rising government funding will assist companies in introducing new night vision surveillance cameras, predict the analysts.
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