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The global video as a sensor market size is
estimated to be USD 69.52 billion in 2024 and is projected to reach USD 101.89
billion by 2029, at a CAGR of 7.9% during the forecast period. The key factors
fuelling the growth of this market are the rapid technological advancements in
AI, ML, edge computing, and camera technologies, favorable government
initiatives and funding, and increasing demand for video as a sensor system for
surveillance and security.
Major players operating in the video as a sensor
market achieved their positions by innovating and launching advanced video as a
sensor system. Various major players dominating the video as a sensor market
include Motorola Solutions, Inc. (US), Honeywell International Inc. (US), Dahua
Technology Co., Ltd (China), Bosch Security Systems GmbH (Germany), and
Hangzhou Hikvision Digital Technology Co., Ltd. (China). Companies operating in
the market are implementing diverse approaches to thrive in the video as a
sensor market. These firms are utilizing natural and inorganic expansion
tactics, including launching and developing products, forging partnerships and
contracts, expanding their operations, and acquiring other entities. These
strategies aim to bolster their market standing.
Major Video
as a Sensor companies include:
Hangzhou Hikvision Digital Technology Co., Ltd.
(China)
Hangzhou Hikvision Digital Technology Co., Ltd.,
generally known as Hikvision, is a global manufacturer and provider of video as
sensor products. The company offers video and audio compression cards, network
hard disk video recorders, video servers, cameras, network storage, and other
digital offerings. The company has a wide portfolio, which includes
high-definition IP cameras, analog cameras, thermal cameras, and video
management software. These products include the latest features, such as
AI-powered analytics, facial recognition, and night vision. The company
operates through different business segments: products and services for the
main business, constructions for the main business, robotic business, smart
home business, thermal imaging business, auto electronics business, storage
business, and other innovative businesses. It has a global footprint, with
operations in Asia, Europe, the Americas, Africa, and the Middle East. The
company has several major subsidiaries and many third-party distributors worldwide.
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Dahua Technology Co., Ltd (China)
Dahua Technology Co., Ltd is a multinational
video-centric AloT solutions and services provider. It is a well known provider
of video as a sensor solution and has a diverse portfolio that includes machine
vision systems, professional drones, video conferencing systems, RFID,
electronic license plates, and robotics. The company's services include
customized features and professional security systems for public security,
finance, transportation, energy, and communications industries. With a global
marketing and service network, it has established over 200 China offices and 69
overseas subsidiaries, branches, and representative offices covering Asia,
North America, South America, Europe, Africa, Oceania, and other regions.
Honeywell International Inc. (US)
Honeywell International Inc. is an engineering
and technology company offering industry-specific solutions to aerospace,
industrial, and automotive markets. The company operates in four segments:
Aerospace, Honeywell Building Technologies, Performance Materials and
Technologies, and Safety and Productivity Solutions. The company offers a range
of video as a sensor solution, including IP cameras, NVRs, NVR hybrids, video
encoders, video management systems, and cloud-hosted services and accessories.
Its video management offerings are built on the revolutionary Honeywell Digital
Video Manager (DVM) platform. DVM is a software-based CCTV digital surveillance
and video management solution that uses industry-standard communications
technologies and off-the-shelf hardware to provide superior flexibility, better
performance, and affordability in surveillance. It builds integrated security
solutions designed for the specific needs of specific users. It serves
airports, critical infrastructure, healthcare, hospitality, metro, and retail
applications. It offers video as a sensor solution through the Honeywell
Building Technologies segment. The company has a very strong geographic
presence across major regions such as Asia Pacific, North and Latin America,
Europe, the Middle East, and Africa. It has a presence across 80 countries and
75 sites.
Bosch Security Systems GmbH (Germany)
Bosch Security Systems GmbH manufactures and
designs security equipment for video surveillance, intrusion detection, fire
detection, access control, public address, conference systems, evacuation
systems, management systems, video analytics, video content analysis, and data
security worldwide. The company provides product offerings such as
predictive-ready video systems, which can anticipate potential incidents and
respond proactively or use business intelligence beyond security. Their
products are integrated by AIoT, which users to gain intelligent insights to
help operators respond to potential threats. The company has a strong
geographic presence in Europe, Asia Pacific, the Middle East, and the Americas.
It has manufacturing sites in Mexico, the US, China, Germany, and Portugal.
Motorola Solutions, Inc. (US)
Motorola Solutions, Inc. is a data communications
and telecommunications equipment provider. The company develops data capture,
wireless infrastructure, barcode scanning, two-way radios, and wireless
broadband networks. It also produces public safety and government products, voice
and data communications products and systems, and wireless LAN securities. The
company operates through two business segments: Products and Systems
Integration and Software and Services. The company has organically invested in
these three technologies and, through acquisitions, evolved its LMR focus and
expand its safety and security products and services. The company connects
public safety agencies and enterprises to enable critical collaboration for a
proactive approach to safety and security. In March 2018, Motorola acquired
Avigilon Corporation (Canada), which provides mission-critical communications
and analytics solutions. The company also acquired Pelco (US), a provider of
video security solutions based in California. The company offers solutions for
video as a sensor market through these companies. It designs and advances
technology for more than 100,000 public safety and enterprise customers in over
100 countries worldwide. Its businesses are in the Americas, Europe, the Middle
East, Asia Pacific, and Africa.
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