- Security TWENTY
- Women in Security
In its fifth edition report on the Chinese video surveillance market, a market research firm estimated that the market was worth $2.6 billion in 2011, a rise of more than 30 percent over 2010. A driver of this growth was the network security camera market.
City surveillance and transport are the largest end-user industries in China. However, as economic growth slowed in 2011, investment in city CCTV also declined. In the second half of 2011, a number of high-speed railway construction projects were stopped or delayed due to financing difficulties caused by the global financial crisis. As a result, growth in the analogue video surveillance equipment market started to slacken.
Cheryl Li, report author and research analyst at IMS Research
Li adds: “High definition is a definite trend for the video surveillance market in China over the next few years. Besides network security products, HD-SDI products also gained greater attention. However, HD-SDI products are still expensive, and lack of a complete HD solution in the market. As a result, we estimated that it only had limited shipments in 2011.”
China’s GDP growth is targeted at 7.5 percent for 2012, marking the first time the figure has dropped below 8 percent in the past eight years. However, the government is continuing its investment in the western area, which may create new opportunities in end-user industries, such as city surveillance, airports and railways. In this latest China video surveillance market research, IMS Research