What Has Been the Growth Trajectory of the Mobile Video Surveillance Market?
The mobile video surveillance market has seen considerable growth due to a variety of factors.
• The market size of mobile video surveillance has seen significant expansion in the past few years. The market, which was valued at $2.4 billion in 2024, is projected to increase to $2.56 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. The historic growth of this sector can be credited to its integration with analytics and AI, increased emphasis on security and public safety, developments in urbanization and infrastructure, applications in law enforcement and military, as well as event security and crowd management.
How Does the Forecast Look for the Mobile Video Surveillance Market in the Coming Years?
The Mobile Video Surveillance market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for the mobile video surveillance market indicate a robust increase in size over the coming years. The market is set to swell to $3.7 billion in 2029, with a compound annual growth rate (CAGR) of 9.7%.
Factors contributing to this anticipated growth during the forecast period include the escalating demand for cloud-based solutions, cost-effectiveness, scalability, improved transportation, and logistics management. Several key trends poised to influence the market in the forecast period are the integration with IoT and edge computing, enhanced 5G connectivity, and high bandwidth. Additionally, mobile app integration, increased remote accessibility, and hybrid surveillance solutions are also expected to shape the market.
What Are The Leading Drivers Of Growth In The Mobile Video Surveillance Market?
The increase in unlawful activities is anticipated to fuel the advancement of the mobile video surveillance industry. These criminal activities, which are forbidden by penal law, entail the manifestation of physical or mental behaviors necessary to carry out the offense. They are considered serious, punishable offenses under state or country law. Mobile video surveillance is useful in uncovering criminal incidents in public places and recording live public events, hence the escalation in criminal activities will stimulate the need for mobile surveillance solutions. As pointed out by ABC News, a US-based Television network, in March 2024, hate crimes against Jewish people in New York City increased by 12.6%, while incidents involving Muslims rose by 22%. In Los Angeles, hate crimes against Jewish people surged by 48%, and crimes involving Muslims saw an increase of 40% in 2023. Into early 2024, these troubling patterns continued, with NYPD's Hate Crime Task Force noting a 12% rise in bias crimes. The data underscore a worrisome rise in hate crimes targeting both communities. Responses to this increase are immensely crucial. Thus, the escalated criminal activities are propelling the mobile video surveillance market forward.
How Are The Segments Defined Within The Global Mobile Video Surveillance Market?
The mobile video surveillance market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Vertical: Law Enforcement, Industrial, Military And Defense, First Responders, Transportation
3) By Application: Railways, Buses, Transport Vehicles, Police Vehicles, Drones
Subsegments:
1) By Hardware: Cameras, Storage Devices, Accessories
2) By Software: Video Management Software (VMS), Analytics Software, Cloud Storage Solutions
3) By Service: Installation And Setup Services, Maintenance And Support Services, Monitoring Services
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How Are New Trends Expected To Influence The Growth Of The Mobile Video Surveillance Market?
The advancement in technology is a significant trend bolstering popularity in the mobile video surveillance industry. Major industry players are channeling their efforts towards creating new AI multi-directional cameras to solidify their standing in the market. For instance, a renowned South Korean video surveillance company, Hanwha Techwin, with excellent optical design and manufacturing technology, launched the first AI multi-directional camera, the PNM-C12083RVD, in May 2022. The unique element of this camera is its ability to offer enhanced object detection and user convenience leveraging artificial intelligence technology. Furthermore, the AI-enabled features minimize false alarms, differentiate human faces, pinpoint specific vehicles, and read license plates. The AI technology aids in lowering picture blurriness in poorly lit settings, yielding clear images.
Who Are the Key Players In The Mobile Video Surveillance Market?
Major companies operating in the mobile video surveillance market include:
• Hikvision Digital Technology Co. Ltd.
• Dahua Technology Co. Ltd.
• Axis Communications AB
• Bosch Security Systems Inc.
• Hanwha Techwin Co. Ltd.
• Avigilon Corporation
• Teledyne FLIR LLC
• Huawei Technologies Co. Ltd.
• Seon Design Inc.
• Pro-Vigil Inc.
• Strongwatch Corporation
• BriefCam Ltd.
• Uniview Technologies Co. Ltd.
• Agent Video Intelligence Ltd.
• Aditya Infotech Ltd
• Genetec Inc.
• Safety Vision LLC
• Apollo Video Technology
• Maxxess Systems Inc.
• DynaColor
• Webgate
• Motorola Solutions
• Tiandy Technologies
• Dnake
• Jovision
• Ava Group
What Is The Most Dominant Region In The Mobile Video Surveillance Market?
North America was the largest region in the mobile video surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the mobile video surveillance market during the forecast period. The regions covered in the mobile video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
