Research Nester published a report titled “Night Vision Surveillance Cameras Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global night vision surveillance cameras market in terms of market segmentation by product type, type, end use application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global night vision surveillance cameras market is anticipated to grow with a CAGR of ~21% during the forecast period, i.e., 2022-2031. The market is segmented by type into PTZ (Pan, Tilt and Zoom) and fixed. Out of these segments, the PTZ segment is anticipated to garner the largest revenue by the end of 2031, owing to the rising adoption of PTZ cameras across various sectors including airports, supermarkets, large outdoor areas and construction sites. Hence, such factor is estimated to propel the segment growth in the coming years.
The global night vision surveillance cameras market is estimated to garner a revenue of ~USD 790 billion by the end of 2031, up from a revenue of ~USD 83 billion in year 2021. The increasing use of thermal imaging technology in night vision surveillance cameras is currently in focus and is projected to drive the market growth. Furthermore, the adoption of night vision surveillance cameras in homes and offices ensures personal safety. With the advancement in technology and the introduction of video analytics, these cameras are capable of zooming in and provide a clear picture to reveal one's identity, which when used in the right way will be more helpful in crime prevention.
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Geographically, the global night vision surveillance cameras market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue by the end of 2031, owing to the retail availability of the night vision surveillance cameras in the region. Apart from this, the market in Asia Pacific is expected to grow rapidly in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Adoption of Smart Night Vision Surveillance Cameras to Drive the Market Growth
Smart night vision surveillance cameras have features that allow them to detect, identify, analyze and track people, cars or any objects. These smart cameras are more useful in application when looking for motion in quite environments on long video recordings. With such advance development in the night vision surveillance camera market, the adoption rate of smart night vision surveillance cameras is increasing, which is anticipated as a contributing factor to drive the market growth during the forecast period.
However, the insufficient data storage capacity of night vision surveillance cameras is expected to operate as a key restraint to the growth of global night vision surveillance cameras market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global night vision surveillance cameras market which includes company profiling of Teledyne FLIR LLC, HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO. LTD, BAE Systems plc, L3Harris Technologies, Inc., Canon Inc., Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Panasonic Holdings Corporation, Dahua Technology Co., Ltd and Axis Communications AB. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global night vision surveillance cameras market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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