Night Vision Surveillance Cameras Witness High Adoption Due to Rising Security Concerns
Night vision surveillance cameras market is expected to reach a value of US$ 175.8 Mn by 2024, The Night Vision Surveillance cameras Market is estimated to expand at a CAGR of 26.5% by 2024
Night vision (IR) surveillance cameras come into use when the lighting conditions are poor (during the night) or due to other external factors. These cameras make use of infrared technology to carry out surveillance. Used for face detection, threat detection, traffic management, and for continuous monitoring, night vision surveillance cameras are adopted across the globe to ensure secured access, secure borders, and secure living premises. The global night vision surveillance cameras market is expected to expand at a whopping 26.5% CAGR from 2016 to 2024 states a research report by Transparency Market Research (TMR). At this CAGR, night vision surveillance cameras will be a US$175.8 mn market in 2024.
TMR analysts answer the key questions that companies in the night vision surveillance cameras market need to ask:
Q. What is new in the night vision surveillance cameras market?
Tubeless night vision is a technology that is expected to offer a clean HD digital signal with better low-light imaging than the older tube systems. SPI Corp, a U.S. based company has introduced broad spectrum thin film array technology (BSTFA) that will offer a low cost, low power, and high performance solution using tubeless night vision.
Thermal cameras are another trend in the night vision surveillance cameras market. Hikvision, a China based company has introduced thermal cameras that are apt for visually challenging applications. They are unaffected by weather or darkness and feature auto gain control (AGC), 3D digital noise reduction, and digital detail enhancement (DDE), to further enhance the clarity of an image. These cameras also come with a technology that can detect fire and send a warning.
Q. What are the application areas of night vision surveillance cameras?
Night vision surveillance cameras are used to ensure continuous operation and optimal protection in airports, power plants, water facilities, and high-risk manufacturing plants. Low-light cameras, thermal cameras, and pan-tilt-zoom cameras are essential in incident management systems. The surveillance cameras utilize advanced software to detect and alert intruders and threats. Moreover, they allow for instant sharing of live and recorded video with the police and any other pre-defined user. Campuses, industries and mid-size businesses also deploy surveillance to prevent theft, property damage, and trespassing. Thermal cameras along the perimeter help detect intruders and carry out relevant actions.
Q. Which type of night vision cameras will have the highest growth potential?
Night vision surveillance cameras come in two types: Fixed cameras and pan-tilt-zoom (PTZ). Of these, PTZ cameras constituted the largest segment in 2015, accounting for 71.9% of the global night vision surveillance cameras market. The high demand for PTZ cameras was due to their use in video analytics and intelligent imaging applications in several sectors such as transportation, stadiums, industries, business, and defense. However, the fixed cameras segment will be the fastest-growing camera type segment, expanding at a 26.9% CAGR between 2016 and 2024.
Factors such as the high demand for continuous monitoring and perimeter access, growing security concerns, and rising use of night surveillance cameras in defense and military sectors are expected to drive the market to new heights.
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