The China Video Surveillance Market size is estimated at USD 21.5 billion in 2024, and is expected to reach USD 31.40 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).
The Chinese video surveillance market is consolidated with two significant global players with dominant positions. The market players emphasize partnerships, mergers, acquisitions, and innovations by investing in research and development to remain competitive and dominant. In addition, Chinese vendors Hikvision and Dahua dominate the supply of video surveillance products in China. Some of the key players in the market include Hangzhou Hikvision Digital Technology Co. Ltd, Dahua Technology Co. Ltd, Uniview Technologies Co. Ltd, Sunell Technology Corporation, and The Infinova Group.
April 2024: Hikvision announced its latest Turbo HD range of analog security devices. The Turbo HD 8.0 provides users with a more complete and engaging security experience, enabling them to improve their image safety environment. Four significant innovations have been introduced in the Turbo HD 8.0, bringing users real-time communication, 180-degree video protection, and raising night vision to a new height. The enhancements extend the range of Turbo HD products with two-way audio capabilities, compact dual-lens cameras with stitching technology, and Smart Hybrid Light capability across the entire range of Turbo HD cameras.
March 2024: Dahua Technology launched the X-Spans series, a new camera unit combining panoramic scene overview with PTZ and tracking capabilities. The company‘s latest range includes operating in combined mode, where panoramic and detail sensors collaborate for smart tracking, and independent mode, where the channels function separately with different AI functions. This configuration allows for efficient coverage of the larger areas and view angles, potentially reducing the need to add more cameras or cables and providing a cost-effective monitoring solution in each location.
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