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Half-Inch CIS Based Surveillance Camera Market Analysis, Opportunities And Forecast By TMR

07-26-2022 12:23 PM CET | IT, New Media & Software

Press release from: Transparecny Market Research

CMOS Image Sensor (CIS) technology has been making significant progress since the last decade. Image sensor performance has improved substantially in the last few years. The CIS technology has witnessed commercial success since the introduction of mobile phones that possess onboard cameras. CMOS image sensors are likely to completely displace CCD imaging devices in the same way that CCD devices displaced video capture tubes during the mid-1980s.

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The half-inch CIS-based surveillance camera is being extensively used in residential, commercial, and industrial sectors. Whether a home or office, surveillance devices are of great help when one is away. This is boosting the home security camera market share and in turn benefitting top surveillance camera manufacturers and suppliers. The data generated by AI analytics & AI cameras helps business intelligence agencies obtain a better understanding of customers and their operations. At public space entrances, thermal imaging and body temperature detection cameras use edge-based AI algorithms to sidestep non-human heat sources to bring down the frequency of false alarms.

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The ASEAN half-inch CIS based surveillance camera market is anticipated to grow at a steady pace during the forecast period, owing to the emergence of the next-generation CMOS image sensor, i.e. Quanta Image Sensor (QIS); and rise in AI analytics as an emerging technology for AI surveillance cameras.

Increase in Need for Safety and Security at Commercial Spaces Augmenting Market
Commercial spaces such as offices, banks, and shopping malls seek to maintain a safe, secure, and disciplined ambience for their tenants. Customized video surveillance solutions are used in such commercial spaces, as they work in real-time to record events as they are happening. Top biggest companies in video surveillance are increasing the availability of surveillance cameras equipped with intelligent software that can be integrated with traffic lights to count and better understand the flow of pedestrians, cyclists, and vehicles across an intersection. Traffic statistics are used in real-time to operate and optimize the traffic controller at intersections for the most optimal and safe traffic light cycles.

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Demand for CMOS image sensors (CIS) is rising, as they can provide high sensitivity, superior HDR imaging performance, and the ability to capture images in diverse environments. Demand for 24-hour imaging is driving the need for image recognition by leveraging AI integration. For instance, in April 2021, on behalf of The President of India, e-Tenders were invited for the installation of a CCTV surveillance system through the e-procurement portal (CPPP).

Rise of Video Surveillance as a Service Business Model

Video Surveillance as a Service (VSaaS), or access control as a service, is a service that records video in the cloud to eliminate the need for on-premises servers. Organizations can deploy their video surveillance system in very less time, without requiring the need to install servers or software and any IT collaboration for ongoing maintenance or updates.

Manufacturers of video surveillance cameras are transforming into Solution-as-a-Service providers owing to advancements and increase in maturity of cloud-based services. Installers and integrators of video surveillance systems are providing solutions to their customers through cloud-based platforms. They are subsequently extending this model to every area of their business.

VSaaS is an ideal choice for small- and medium-sized businesses (SMB), as it eliminates the hassle of on-site server installation and system configuration. It is more cost-effective than traditional video security solutions, since users can spread costs out over the contract term and pay only for the services that are actually used. This is significantly driving the demand for Video Surveillance as a Service (VSaaS) in the half-inch CIS based surveillance camera market. In turn, this is encouraging companies to innovate in CCTV cameras and home surveillance cameras to enable video surveillance and VSaaS solutions in practical applications.

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High Demand for IP Cameras to Boost Market
In terms of technology, the ASEAN half-inch CIS based surveillance camera market has been bifurcated into IP camera and analog camera. The IP camera segment held major share of 72.56% of the market in 2021. It is likely to maintain the status quo and grow at a CAGR of 5.2% during the forecast period.

IP cameras are gaining popularity as they offer various benefits. For instance, the recording can be obtained from any place across the globe. The footage can also be archived. Straightforward installation of these cameras is preferred by users since no computer station or coaxial cable is required. These cameras also require very little maintenance.

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