SecurityWorldMarket

09/02/2017

Traffic surveillance to drive Homeland Security markets

The global homeland security surveillance camera market is anticipated to grow at a steady rate and will post a CAGR of more than 6% between 2017 and 2021 according to the latest published report on the subject from Technavio. An increase in traffic surveillance will drive the growth prospects for the global homeland security surveillance camera market in the forthcoming years.

Traffic Signals are installed with traffic cameras, which are placed alongside busy roads, traffic junctions, and intersections of the highway. These cameras are used to record, observe, and monitor the traffic patterns and to maintain operations such as traffic management, law and order management, management of special events like public gatherings, and processions, incident management, and information dissemination to road users. Furthermore, the analysts found that prevention of traffic violations, encouragement of safe driving habits, and providing a vision in terms of future road development and construction are some of the benefits of using traffic surveillance cameras

The report suggests that integration of internet protocol (IP) technology in surveillance cameras will drive the growth prospects for the global homeland security surveillance camera until the end of 2021. Some of the major factors responsible for the growing use of IP technology in surveillance cameras includes advanced functions such as the remote access, motion detection, and tamper detection, which eliminates the need for expensive and dedicated cabling. Also, since it is easy to use, flexible, and allows multiple users to monitor various places through internet connectivity, it is logical to conclude that the demand for surveillance cameras is envisaged to increase.

The global homeland security surveillance camera market is highly competitive and diversified due to the presence of a large number of international, regional, and local vendors across the globe. Some of the major factors that challenge these vendors are intense competition, rapid advancements in technology, frequent changes in government policies, and environmental regulations. Also, to gain an edge over their competitors, several vendors increasingly focus on in-house manufacturing capabilities, global carbon footprint, product offerings, and investments in research and developmental activities.  The main vendors mentioned as key players in this market are Bosch Security Systems, General Dynamics, Honeywell, Moog and Silent Sentinel.   Other prominent businesses in this sector are cited as Baxall, Controp Precision Technologies, Dedicated Micros, Infinova, JVC, Kenwood, Mitsubishi Electric, Panasonic, and Vicon Industries.

The infrastructure security segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the growing need for the infrastructure security is the rising terror activities and security threats across the globe.

In terms of geography, the report states that the Americas accounted for the maximum market share during 2016 and it suggests that it will continue to dominate the market in the forthcoming years. The security organisations in the region mainly focus on the maintenance of border and infrastructure security, cyber security, disaster prevention and management, and public security in the US. Also, the surveillance systems help to deter the criminals from attempting any violent or illegal crime.


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