Geopolitical tensions between the United States and China have continued to escalate in recent years, resulting in a series of tit-for-tat legislative actions aimed at restricting access to each other’s markets. These actions have especially impacted the video surveillance market, with the US government banning products from major Chinese manufacturers and Chinese firms developing alternatives for US components. As the world’s two major superpowers jostle for economic superiority, it is creating a bifurcation of the global market, according to our latest research. “The US shows no signs of easing restrictions on Hikvision, Dahua and other Chinese firms amid ongoing tensions. The US is also considering further export controls and investment restrictions specifically targeting Chinese video surveillance companies,” our new study of the Video Surveillance market reads. “A bill was proposed in 2022 to ban imports from blacklisted Chinese video surveillance firms and more such proposals are possible. Hikvision could potentially face sanctions under the Global […]