Global Mobile Video Surveillance Market to Reach $5.3 Billion by 2030
The global market for Mobile Video Surveillance estimated at US$2.7 Billion in the year 2023, is expected to reach US$5.3 Billion by 2030, growing at a CAGR of 10.4% over the analysis period 2023-2030. Mobile Video Surveillance Hardware, one of the segments analyzed in the report, is expected to record a 9.6% CAGR and reach US$2.3 Billion by the end of the analysis period. Growth in the Mobile Video Surveillance Software segment is estimated at 11.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $699.3 Million, While China is Forecast to Grow at 13.5% CAGR
The Mobile Video Surveillance market in the U.S. is estimated at US$699.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 8.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$818.1 Million by the year 2030.
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