Spy Camera Market 2019 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast to 2025
This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies
Pune, India – August 26, 2019 /MarketersMedia/ —
According to a report published in Wise Guy Reports (WGR), the global spy camera industry has picked up pace and is expected to grow at a higher rate between 2016 and 2025. The security camera market is expected to grow at a rate of 6%.
While the demand for spy cameras is ever increasing the market faces tough competition as there are several alternative products.
A spy camera records video and safeguards your home or office from intruders and swiftly manages safety issues by providing 24 hours of surveillance. It is used as a surveillance camera without being noticed by anyone especially at offices or public places where security is essential.
Among the different types of spy cameras, the prominent one is the spy pen camera as it is convenient.
360 degree view cameras that can prevent blind spots where other cameras cannot view a certain area in a room.
There are cameras with low light true color, infrared, night vision, and motion detection technology. Some cameras provide network storage and stored videos can be accessed on smartphone or tablets.
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Market Analysis by Players:
The latest report found on WGR, on the global spy camera market has mentioned several noteworthy players ruling the spy camera market. This list includes various prevalent vendors as well as new entrants.
Sony
Hong Kong Magic Technology Development
Amcrest
Hikvision Digital Technology
Vimtag
Panasonic Corporation
Honeywell International
Nest Cam
Zmodo
Mirae Tech
FLIR Systems
Hamamatsu Photonics
Sensors Unlimited
Xenics
Princeton Instruments
Global Spy Camera Market: Driving Factors
The market is driven by the need for security at home, office, industry, commercial or for personal security. For high security areas video surveillance and wired alarm systems are used and includes remote monitoring to view camera’s output from any mobile device connected to the internet.
In public places where cases of theft are the highest, these camera systems enable live tracking.
Global Spy Camera Market: Segmentation By Region
The market is segmented into USA, EU, China, India, Japan and other regions. The demand is at a higher rate in Asia-Pacific market.
As the technology is highly advanced it is difficult to replicate it and also requires legal approval for public use. Despite this there is competition in the market as there are many alternatives.
The demand for spy cameras is more in Information Technology Multinational companies.
The competitive price range between ₹1000 and ₹3000 has made it a basic requirement for any office and public place. Dual use cameras are more affordable as it combines the camera with a power bank of about ₹4000 or multi-USB power connectors. But there are also cameras of higher ranges of ₹15000 for use in military or government offices.
The use of security cameras is expected to increase in APAC countries as these are emerging markets. Based on regions, spy camera is in demand in USA, Europe, Japan, China, India, Southeast Asia, South America, and South Africa.
Wired and Wireless versions of spy cameras are available. Its applications range from personal, Detective, Security, and Military use.
Industry News
A hidden camera was used to show how a hospital does not maintain cleanliness and patients got affected by a super bug.
In South Korea, spy camera crimes put the industry under scrutiny. Now, lawmakers co-sponsoring a bill that requires buyers to register with a government database.
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