Weatherproof Camera Market Subjected to Expand to Showcase Rampant Growth by 2023
As cameras are being increasingly utilized for security purposes of
building exteriors they are also being made weatherproof to be able to
withstand against the elements. Market Research Future which focuses on market
reports connected to the information and communication technology sector among
others lately made available a report on this industry. The sector for weatherproof cameras is
estimated to grow at approximately USD 9 Billion by the year 2023 while
expanding at 7 per cent CAGR between 2017 and 2023.
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Increased need for surveillance has prompted development and growth
for waterproof cameras in recent years. The increase in the number of
facilities that are large in size has necessitated the need for increased
surveillance. This is one of the primary reason for the development and
increased awareness levels that has been directed towards this sector. High
adoption rates especially in the forecast period will be an important factor
for the development of the market.
Industry
Segments
The weatherproof
camera industry is divided into the category of range, product and application.
By Product: Dome, IR
Bullet, High speed cameras and others
By Range: more than
100 feet, 50 feet and 100 feet
By Application:
Industrial, Commercial, Residential and Others
Detailed
Regional Analysis
The regional study of
the weatherproof camera segment includes region such as North America, Europe,
Asia Pacific and Rest of the World. The North American sector is one of the
foremost player in the market for weatherproof camera due to main camera makers
present in the region. The rise of HD analog products has been engaging for a
new, lower-end segment. The Asia-Pacific region is estimated to have the most
rapid development in the industry owing to the rising presence of weatherproof
camera manufacturers and growing infrastructure growth.
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Global
Competitive Analysis
The products that are
being focused on to large extent to keep up with the vigorous pace of
technological discoveries have led to widespread changes. This particular trend
has increased the tendency for diversification in the sector which has indirectly
enabled the players to use the beneficial state of dealings obtainable in this
market. The utilization of these opportunities by contenders, who are trying to
grow their industry dominance by intensive development which can inspire the
growth of this business sector. The firms are also moreover trying to create
and capture economic worth together in a proper manner. This has elevated the
potential for the approaching growth period considerably. This situation also
has also established to be productive for businesses so they can fix goals that
can keep up their enterprise's viable liquidity to take effective decisions in
terms of strategy designing and execution.
The noteworthy
contenders in the market for weatherproof camera are Arlo Corporation (U.S.),
Vicon Motion Systems (U.K.), FLIR Systems (U.S.), Shenzhen Heshi Technologies
Co.Ltd (China) and Honeywell International Inc. (U.S.) to name a few.
Industry
Updates:
Mar 2018 Tend’s new
Lynx Pro Security Camera which is also a weatherproof security
camera records and stores up to three days’ worth of content even in the
lack of power for a truly reliable wireless surveillance system. The camera’s
built-in battery backup and local storage abilities which come along with the
new Lynx Pro also enables uninterrupted monitoring of either the exterior or
interior of any home. The cameras will not be impacted by internet or the power
suddenly going down as once these services return, the camera will upload all
local data to the cloud, thereby minimizing data loss.
Mar 2018 Reolink's main mobile security camera Reolink
Go which is 3G/4G LTE-supported is strengthening its position as an
important supplier of camera solutions and home security products. The new
model Reolink Go, is a 100 per cent wire-free mobile HD security camera which
functions on a nationwide 3G and 4G LTE wireless network delivered by wireless
network service suppliers.
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