Thailand AI CCTV Market by Component (Hardware and Software), by Camera Type (Dome Cameras, Bullet Cameras, and Box Cameras), by Deployment (Cloud-Based and On-Premise), and End User (Commercial, Residential, and Industrial)–Opportunity Analysis and Indus

Thailand AI CCTV Market by Component (Hardware and Software), by Camera Type (Dome Cameras, Bullet Cameras, and Box Cameras), by Deployment (Cloud-Based and On-Premise), and End User (Commercial, Residential, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2030

Thailand AI CCTV market size was valued at USD 342.1 million in 2023 and is predicted to reach USD 1381.1 million by 2030, with a CAGR of 20.2% from 2024 to 2030.

The AI CCTV market is growing due to the proactive approach of the Thai government in integrating AI into traffic management. Thailand's commitment to adopting innovative solutions to enhance road safety and efficiency fuels the demand for advanced AI-powered surveillance technologies, thereby fostering growth in the sector. An illustrative example is the introduction of the ""Ratchaprasong Model"" initiative in March 2024, utilizing artificial intelligence technology to alleviate traffic congestion in the Ratchaprasong area, renowned for its high levels of congestion. These initiatives underscore the pivotal role of AI-driven CCTV systems in transforming traffic management practices, enhancing urban mobility, and addressing pressing transportation challenges.

Moreover, the AI CCTV market is driven due to the burgeoning partnership between the Thai government and AI-based companies, significantly influencing the market landscape. This collaborative effort is reshaping surveillance systems, bolstering security measures, and fostering innovation in the integration of artificial intelligence technologies. For instance, in December 2022, BlueSignal, a company specializing in AI-based future prediction services, joined forces with Thai government agencies and local companies. Through this collaboration, BlueSignal supplied its AI-based ""Navi Box"" CCTV technology and spearheaded the development of related businesses for the country's ambitious Smart City project. Such partnerships exemplify the synergy between governmental initiatives and private sector innovation, driving advancements in AI-powered surveillance solutions and positioning Thailand as a frontrunner in smart city development and urban safety initiatives.

Nonetheless, incorporating AI into CCTV systems presents a significant concern: cybersecurity vulnerabilities. Despite their advanced surveillance capabilities, these systems remain susceptible to hacking and unauthorized access. The threat of cyber-attacks poses a substantial challenge, endangering the confidentiality and integrity of the sensitive information captured by these systems. A security breach not only compromises data but also undermines the reliability of surveillance, potentially enabling malicious actors to manipulate or disable critical components. With an increasing reliance on AI-driven CCTV systems, prioritizing protection against cyber threats becomes essential to uphold the credibility of these technologies in safeguarding both public and private security.

On the other hand, with the advancement of AI, the integration of behavior analytics with CCTV systems is positioned to become a powerful asset in security and surveillance. AI algorithms can be trained to analyze human behavior patterns and promptly detect anomalous activities as they unfold. These capabilities include identifying suspicious movements, instances of loitering, or deviations in crowd behavior. By leveraging AI for behavior analytics, both businesses and governments can enhance their security protocols, thereby solidifying the role of the CCTV industry as a vital contributor in the domain of advanced threat detection and prevention.

Segment Overview

The Thailand AI CCTV industry is segmented based on offering, camera type, deployment, end user, and region.

 By offering, the market is classified into hardware and software.

 By camera type, the market is segmented into dome cameras, bullet cameras, and box cameras.

 By deployment, the market is divided into cloud-based and on-premise.

 By end user, the market is classified into commercial, residential, and industrial.

Key Players

The key players in the Thailand AI CCTV market include companies such as:
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Zhejiang Dahua Technology Co., Ltd.
• Axis Communications AB
• Motorola Solutions, Inc.
• Hanwha Vision Co., Ltd.
• Tiandy Technologies
• Zhejiang Uniview Technologies Co., Ltd.
• IDIS Ltd.
• Arlo Technologies, Inc.
• Vivotek Inc.

Key Benefits
• The Thailand AI CCTV market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a comprehensive analysis of the Thailand AI CCTV market trends, including current and future trends to depict prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the Thailand AI CCTV market is provided in the report.
• The competitive analysis of the market players along with their market share in the Thailand AI CCTV market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the report.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.