IP Camera Market to Grow 620% to 14.9 Million Units By 2012
A research theme announced by iLocus on the Video Surveillance Chip Market estimates that around $1.25 billion worth of semiconductor devices will be consumed during 2007 by the Video Surveillance and Security devices. These would be mainly in the form of ASICs, SOCs, ASSPs and DSPs.
The market is predominantly enterprise oriented and Government is the main consumer in this space. Chip makers are facing extreme challenges in customizing the solution for various enterprise verticals like Government, Retail, Banking, Health, etc. On the residential side, the market has started to emerge but the opportunity is not that large as the main type of deployment continues to be video door phone type.
On the devices side, Cameras are expected to consume around $849 million worth of chips during 2007, and the rest of $401 million will go to other devices, mainly DVRs. DVRs are expected to grow at a flatter rate as VHS continues to be the preferred storage mode. Analog cameras will account for over 92% of the total chip shipments in this area and are expected to use $759 million of chips while IP cameras will just use over $90 million of semiconductor devices during 2007. Sony dominates the market with around 80% of shipments coming from them. Other significant players are Sharp, Panasonic, TI and Pixim.
Over the next five years, the video surveillance chip market revenue will grow around 214% to $2.68 billion in 2012. On the device side, surveillance cameras will grow by 181% to 54.3 million units in 2012. IP cameras will show a remarkable growth over these years and in 2012, estimated 14.9 million units will be shipped which is a growth of around 620% over the shipments of 2007. Analog cameras will grow just 142% over these years.
The major areas identified in the research that are witnessing and will continue to witness remarkable change are use of video analytics, biometry, etc. on the application side. On the transportation side IP is becoming the default network. Besides there are also changes being witnessed in cameras, storage devices and resolution requirements. However, all this is not that simple and is posing challenges to chip makers to offer solutions in line. The report discusses all the major changes and challenges that chip vendors are facing and shall continue to face over the next few years.
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