Video equipment is an electronic equipment that broadcasts or receives electromagnetic waves representing images and sounds. Apart from the usage of video cameras, this market also accounts for the usage of smartphones, CCTVs etc. The growth in demand of global video equipment market is due to ease in accessing and operating these equipment, even when a person is non-professional. The global video equipment market was USD 1295.4 million in 2018 and is estimated to reach USD 2796.39 million by 2025 at the CAGR of 11.62% during the forecast period
Growth by Region
Asia Pacific will be the fastest growing market during this forecast period. After Asia Pacific, North America, and others are likely to follow. Asia Pacific region will account to 61% of the total demand by 2025
Drivers vs. Constraints
The factor leading to the growth of the market is the demand from the professional film making & television production. The other factors driving this global market will owe to its application in security, surveillance, monitoring, video conferencing, scientific researches and others.
Industry Structure and Updates
● 98 million network surveillance cameras and 29 million HD CCTV surveillance cameras will be shipped globally through professional sales channel
● 400,000 body worn cameras will be shipped to law enforcement agencies globally