SCOTTSDALE, USA: After a slight downturn experienced in 2009 due to the worldwide economic condition, 2010 global sales of video surveillance equipment will return to the market status it had in 2008 -- along with a more optimistic look for the future.
Revenue from analog cameras, IP cameras, DVR/NVR, and IP encoders will approach $15 billion in 2014, according to In-Stat, driving new semiconductor opportunity along with it.
"With the growth in surveillance equipment shipments, movement toward higher resolutions, and higher attach rates for video analytics, the semiconductor revenue for the video surveillance segment will be stable but misleading," says Michelle Abraham, Principal Analyst. "The decline of average selling prices for commodity components is hiding upsides in sensors, video and analytics processors, and security and encryption processors."
Recent research by In-Stat found the following:
* Growth in IP cameras surpasses analog cameras and drives higher growth rates in hybrid DVRs and NVRs.
* Asia/Pacific will continue to lead shipments of surveillance camera units. However, camera revenue in Asia/Pacific will be lower than Americas and EMEA due to lower prices for both cameras and surveillance systems in the region.
* Revenue for processors in IP cameras, including video encode/image processors and analytics processors, will be 67 percent higher in 2014 compared to 2010.
Additional uses of video equipment can be found in applications such as monitoring health conditions of patients in hospitals and at home, and in queue length management, toll booths, education campuses, public transportation, vehicular traffic monitoring, and law enforcement.