Thailand AI CCTV Market by Component (Hardware and Software), by Camera Type (Dome Cameras, Bullet Cameras, and Box Cameras), by Deployment (Cloud-Based and On-Premise), and End User (Commercial, Residential, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2030
Industry: ICT & Media | Publish Date: 22-Apr-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : N/A
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Market Overview
Thailand AI CCTV Market size was valued at USD 342.1 million in 2023 and is predicted to reach USD 1381.1 million by 2030, with a CAGR of 20.2% from 2024 to 2030.
The AI CCTV market constitutes a segment within the global security and surveillance industry, concentrating on incorporating artificial intelligence (AI) technologies into Closed-Circuit Television (CCTV) systems. These AI-driven CCTV systems utilize sophisticated algorithms and computer vision to augment video analysis capabilities, facilitating real-time detection, identification, and response to diverse events and anomalies.
Beyond conventional surveillance, these systems introduce intelligent features such as facial recognition, object tracking, and behavior analysis. The growth of the AI CCTV market is substantial, fueled by heightened demand for advanced security solutions in commercial, industrial, and public settings. The market encompasses a variety of products and services, including AI-powered cameras, video analytics software, and integrated security systems.
Government Initiatives Driving the Growth of the Market
The proactive approach of the Thai government in integrating AI into traffic management serves as a key driver in the AI CCTV market. Thailand's commitment to adopting innovative solutions to enhance road safety and efficiency fuels the demand for advanced AI-powered surveillance technologies, thereby fostering growth in the sector.
An illustrative example is the introduction of the "Ratchaprasong Model" initiative in March 2024, utilizing artificial intelligence technology to alleviate traffic congestion in the Ratchaprasong area, renowned for its high levels of congestion. These initiatives underscore the pivotal role of AI-driven CCTV systems in transforming traffic management practices, enhancing urban mobility, and addressing pressing transportation challenges.
Collaborative Partnerships Between Government and AI-Based Companies Fuel the Market Growth
The burgeoning partnership between the Thai government and AI-based companies significantly influences the AI CCTV market landscape. This collaborative effort is reshaping surveillance systems, bolstering security measures, and fostering innovation in the integration of artificial intelligence technologies.
For instance, in December 2022, BlueSignal, a company specializing in AI-based future prediction services, joined forces with Thai government agencies and local companies. Through this collaboration, BlueSignal supplied its AI-based "Navi Box" CCTV technology and spearheaded the development of related businesses for the country's ambitious Smart City project.
Such partnerships exemplify the synergy between governmental initiatives and private sector innovation, driving advancements in AI-powered surveillance solutions and positioning Thailand as a frontrunner in smart city development and urban safety initiatives.
Rising Cybersecurity Worries Hampers the Growth of the Market
The integration of AI into CCTV systems introduces a significant concern: cybersecurity vulnerabilities. Despite their enhanced surveillance capabilities, these systems are susceptible to hacking and unauthorized access. The threat of cyber-attacks presents a considerable challenge, endangering the confidentiality and integrity of the sensitive information captured by these systems.
A breach in security not only compromises data but also erodes the reliability of surveillance, potentially enabling malicious actors to manipulate or disable critical components. As reliance on AI-driven CCTV systems grows, prioritizing protection against cyber threats becomes imperative to uphold the trustworthiness of these technologies in safeguarding both public and private security.
The Combination of Behavior Analytics into AI CCTV Systems Creates Future Opportunities for the Market
As AI progresses, the fusion of behavior analytics with CCTV systems is poised to emerge as a formidable asset in security and surveillance. AI algorithms have the capability to undergo training to scrutinize human behavior patterns and swiftly detect anomalous activities as they occur.
Such capabilities encompass identifying suspicious movements, instances of loitering, or deviations in crowd behavior. Through the utilization of AI for behavior analytics, both businesses and governments can elevate their security protocols, positioning the CCTV industry as a crucial contributor in the realm of sophisticated threat detection and prevention.
Competitive Landscape
Thailand AI CCTV market comprises various market players, such as Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd., Axis Communications AB, Motorola Solutions, Inc., Hanwha Vision Co., Ltd., Tiandy Technologies, Zhejiang Uniview Technologies Co., Ltd., IDIS Ltd., Arlo Technologies, Inc., Vivotek Inc. and others. These market players are adopting various strategies such as collaboration and product launches across various regions to maintain their dominance in the AI CCTV market.
Thailand AI CCTV Market Key Market Segments
By Component
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Hardware
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Cameras
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Storage Devices
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Others
-
-
Software
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Video Analytics Software
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Video Management Software
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By Camera Type
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Dome Cameras
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Bullet Cameras
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Box Cameras
By Deployment
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Cloud-Based
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On-Premise
By End User
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Commercial
-
Residential
-
Industrial
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 342.1 Million |
|
Revenue Forecast in 2030 |
USD 1381.1 Million |
|
Growth Rate |
CAGR of 20.2% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Zhejiang Dahua Technology Co., Ltd.
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Axis Communications AB
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Motorola Solutions, Inc.
-
Hanwha Vision Co., Ltd.
-
Tiandy Technologies
-
Zhejiang Uniview Technologies Co., Ltd.
-
IDIS Ltd.
-
Arlo Technologies, Inc.
-
Vivotek Inc.
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