The global capture and production equipment market is expected to generate revenues of around $38 billion by 2024
LONDON, Jan. 21, 2019 /PRNewswire/ -- The global capture and production equipment market is expected to generate revenues of around $38 billion by 2024, growing at a CAGR of approximately 4% during 2018-2024.
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The global capture and production equipment market is driven by the growing demand from countries such as the US, Japan, the UK, Germany, and France. The use of advanced camera equipment across sectors such as corporate, large venues and events, educational institutions, government and military, studio and broadcasting, and hospitality is fueling the growth of the global market. The market research report provides in-depth market analysis and segmental analysis of the global capture and production equipment market by product, end-users, and geography.The report considers the present scenario of the global capture and production equipment market and its market dynamics for the period 2019?2024. It covers a detailed overview of the various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and other prominent companies operating in the market.
Capture and Production Equipment Market – Dynamics
The growing number of installations of surveillance cameras in workplaces is fueling the growth of the global capture and production equipment market. The rapid advancement in surveillance technologies is allowing the organizations to implement effecting employee tracking activities. The exponential use of different techniques to monitor employees' email, internet usage, GPS, and employee badges will boost sales in the global capture and production equipment market.The installation of these devices is primarily driven by the need for video conferencing and monitoring activities that shatter international boundaries for multinational companies and conglomerates.The growing need for conferencing cameras and 3D projectors across offices for external and internal communications will augment the growth of the global market.The introduction of live video solutions that offer better scalability, quality, and interactivity than other web-conferencing tools will revolutionize the globalcapture and production equipment market during the forecast period.The evolution of IoT technologies will lead to the introduction of video analytics and advanced cameras. The vendors are leveraging IoT technology to apply machine learning algorithms to video feeds, thereby enabling the automatic identification of people, objects, and situations. The variety of benefits of video analytics such as optimization of operations, enhancement of public safety, increase in employee productivity, and improvement in maintenance will revolutionize the global capture and production equipment market.
Capture and Production Equipment Market – Segmentation
This market research report includes a detailed segmentation of the market by product, end-users, and geography.The global capture and production equipment market by products is classified into surveillance cameras, video production cameras, video conferencing cameras, and others. Surveillance cameras dominated more than 1/3rd of the market share in 2018, growing at a CAGR of over 4% during the forecast period. The increasing use of surveillance cameras across various sectors such as government, military, corporate offices, hospitals, and educational institutions for a secure environment is propelling the growth of this segment in the global market.The rising number of live events, movies, and television content production and recording live events, movies, and television content production and recording activities is augmenting the growth of this segment in the global market. The increasing focus on advancement in technology will drive the adoption of professional cameras in the capture and production equipment market.
The end-user segment in the global capture and production equipment market is divided into corporates, large venues and events, educational institutions, government & military, studio &broadcasting, hospitality, and others. Government & military sector is the fastest growing end-user, at a CAGR of approximately 5% during the forecast period. The growing adoption of surveillance cameras by law and enforcement agencies and courtrooms is driving the growth of this segment.The rising number of live events, movies, and television content production and recording live events, movies, and television content production and recording activities is augmenting the growth of this segment in the global market. The increasing focus on advancement in technology will drive the adoption of professional cameras in the capture and production equipment market. The vendors are developing the capabilities of professional video cameras which will enable them to offer better control over video production and broadcasting in the global market.
Market Segmentation by Product
• Surveillance Cameras
• Video Production Cameras
• Video Conferencing Cameras
• Others
Market Segmentation by End-users
• Corporates
• Large Venues & Events
• Educational Institutions
• Government & Military
• Studio & Broadcasting
• Hospitality
• Others
Capture and Production Equipment Market – Geography
The global capture and production equipment market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. APAC occupied approximately half of the market share in 2018, growing at CAGR of more than 5% during the forecast period. The rising efforts to promote digitization, increasing consumption of live video content and growing attendance in live concerts are the primary factors contributing to the growth of the APAC market.The exponential increase in the number of live events is attributing to the growth of the MEA region in the global market. The UAE, Iran, Saudi Arabia, and South Africa are the largest end-users in the MEA market. Africa is considered as one of the fastest growing regions in the global capture and production equipment market. The increasing focus on diversification into non-oil sectors will enable Africa to gain a larger global market share.
Market Segmentation by Geography
• APAC
o China
o Japan
o Australia
o South Korea
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
• Latin America
o Brazil
• MEA
Key Vendor Analysis
The global capture and production equipment market is witnessing intense competition due to the presence of various international and regional players. The presence of highly productive domestic manufacturers and growing exports is encouraging vendors in the APAC region to expand to other countries. The manufacturers are developing competitive pricing strategies and product differentiation to gain an advantage over other players globally. The increasing number of imports, exports, domestic consumption, and growing disposable income will enable vendors to expand to European countries in the global capture and production equipment market.
The major vendors in the global capture and production equipment market are:
• Axis Communications
• Hikvision Digital Technology
• Dahua Technology
• Samsung Electronics
Other prominent vendors include Panasonic Corporation, Logitech, Sony, Blackmagic Design, RED.com, Bexel Global Broadcast Solutions, Toshiba Corporation, Robert Bosch, Honeywell International, Milestone Systems, VIVOTEK, QNAP Systems, MOBOTIX, ACTi Corporation, Arecont Vision, Avigilon, Canon, Cisco, D-Link, Belkin International, Lumenera Corporation, and Pelco.
Key market insights include
1. The analysis of global capture and production equipment market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global capture and production equipment market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global capture and production equipment market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
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