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    Asia Pacific IP Camera Market Size By Application (Residential [Home Security, Smart Home], Commercial [Retail, Industrial, Healthcare, Real Estate], Public/Government [Transportation, BFSI, Education, Government Facilities]), By Product (Fixed, PTZ, Infrared), By Connection (Centralized, Decentralized), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026
    Published Date: March 2021   |   Report ID: GR1706   |   Delivery: PDF  Request Free Sample

    Asia Pacific IP Camera Market size surpassed USD 3 billion in 2019 and is anticipated to register a steady growth rate of over 13% between 2020 and 2026.

    The APAC IP camera industry is proliferating due to the growing need for digitization, penetration of SaaS-based solutions, and IoT trends. The market revenue is driven by growing demand from non-security applications coupled with large number of investments by governments across the world to improve public infrastructures and control terrorist activities. The need for high-resolution has led to the emergence of 4K capable devices and standardization of encoding protocols. Reduction in the total cost of ownership and high benefits of remote surveillance have increased the market penetration of IP camera systems compared to their analog counterparts.

    Asia Pacific IP Camera Market

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    Due to the COVID-19 pandemic, the market has witnessed a steady decline on account of stringent lockdown. As the situation in the region improves, the market is expected to recover as IP cameras will be deployed along with various video analytics software for protective measures in public places. Raw material supply, such as IP camera hardware system shipping, has declined due to disruptions in the supply chain. Manufacturing and R&D have halted due to the shutdown of factories. The decline in revenue of hardware shipment will lead to low spending in R&D in 2021.

    APAC Market, By Product

    The Asia Pacific PTZ camera segment held a substantial market share in 2019 owing to its growing adoption for outdoor applications. In the industrial and manufacturing industries, the demand for PTZ cameras is witnessed for visual inspection, error control, and checks. The banking space video surveillance and IP cameras provide security to buildings, monitor customers & staff activities, and maintain cash management.

    APAC Market, By Connection

    The centralized IP camera system is estimated to observe lucrative growth during the forecast timeframe. Growing requirements for security and safety in home security systems are encouraging manufacturers to offer centralized IP camera systems. They are implementing IoT technology, which enables the integration of cameras with other IP-based systems such as speakers, intercoms, access control, and HVAC, among others. The increasing demand for secured & centralized camera solutions is encouraging industries to shift toward evaluating IoT technology, providing a safe environment in homes & businesses, and enabling organizations to remotely & securely monitor facilities and public infrastructure on a real-time basis with smart security & surveillance solutions.

    APAC Market, By Application

    The Asia Pacific IP camera market is predicted to witness rapid adaption in the retail sector for the security of assets and people in large shopping malls and hypermarkets. Monthly and quarterly estimates of volumes and turnover of retail businesses including online sales and stores rose to 5.6% in September 2020 compared to September 2019. Retailers employ IP cameras for maximizing profits with precise statistics regarding peak business hours, time of maximum footfall, and the most visited sections in a mall. This enables them to accurately identify the products in high demand, in turn, maximizing profitability.

    Every store is different in terms of its merchandise layout and size. Installing security cameras near unguarded and high-trafficked areas in the store reduce the number of retail crimes such as shoplifting by customers or employees. Properly installed security systems ensure that employee theft and shoplifting are recorded on cameras, enabling efficient operations at large stores by preventing monetary losses due to thefts.

    Competitive Industry Landscape

    Some of the major industry players include Avigilon, Canon Inc., Guangzhou Juan Intelligent, Netgear, Inc., VideoIQ Inc., and Tyco International.

    Horizontal integration with value-added providers serves as a beneficial strategic move for concentrating on the market share. For instance, in February 2019, OPGAL Optronics Industries Ltd. partnered with Sii OP to launch onboard video analytics for target tracking, detection, and alerts. The video analytic system includes pre-installed scene AI and a user-defined set of regions & fences. It enhances the operator’s capability to receive real-time alerts.


    Frequently Asked Question(FAQ) :

    What is the expected growth trend for the IP camera industry in Asia Pacific?
    The market for IP camera in Asia Pacific was valued at USD 3 billion in annual revenue during 2019 and will grow at more than 13% rate through 2026 owing to the increasing need for digitization, penetration of SaaS-based solutions, and IoT trends.
    How much valuation did Asia Pacific PTZ camera market record in 2019?
    PTZ cameras contributed to a substantial market share for the region in 2019 and will witness expansion with rising adoption for outdoor applications.
    What factors will influence the demand for centralized IP cameras across the Asia Pacific?
    The industry for centralized IP camera in Asia Pacific is expected to gain traction through 2026 due to rising demand for security and safety in home security systems.
    How will the retail applications drive Asia Pacific IP camera sector?
    Retail applications are anticipated to account for a significant market share for the Asia Pacific region in the next few years owing to a higher need for security of assets and people in large shopping malls and hypermarkets.

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