Security

Video Camera Business Loses Focus, Caught in the Headlights of Oncoming Chinese Manufacturers

Chinese Manufactures will continue to dominate the mainstream video camera market unless western manufactures adopt viable strategies to meet the new challenges driven by customer needs. Just about every set of statistics that has been published in the last twelve months regarding the world market for video surveillance equipment shows that the world’s two major manufactures, Dahua and Hikvision, based in China, continue to increase their market share of video cameras; winning some 44% (Figure based on their published financial data. In the case of Hikvision it will include design and installation cost on systems business in China) of this business in 2016 and now dominate the market. These two companies were both incorporated in the early years of this millennium. This is a success story based on organic growth that no western manufacturer in the video surveillance industry can compare with; despite the fact that they pioneered the technology. However no western manufacturer has […]

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