Security

Video Surveillance Manufacturers Need to Get More from their R&D Expenditure

The world market for Video Surveillance products was $14.98 billion in 2016 and will grow at a CAGR of approximately 6.5% to 2021, when it is forecast to reach $21.48 billion. Product prices have fallen dramatically in the last 18 months and this has reduced revenue growth in 2016 to 4.2% falling from 6.7% in the previous year. This is despite the fact that demand in volume terms in 2016 was stronger than in 2015. These are some of the findings from our Annual Report - The Physical Security Business 2016 to 2021 If the two major Chinese manufacturers Dahua and Hikvision continue to drive down prices further in order to rapidly gain market share and volume our relatively modest forecast of annual growth in demand to 2021 of 6.5% is not going to be achieved. The 2 Chinese manufactures alone shared some $5 billion of sales in 2015. This puts them in a very […]

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