Taiwan 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
Market Overview
Taiwan's AI CCTV Market size was valued at USD 111.4 million in 2023 and is predicted to reach USD 604.0 million by 2030, with a CAGR of 25.2% 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.
Surging Demand for AI-Powered Surveillance Solutions Drives the Market
Taiwan stands out with the highest growth rate among APAC countries, boasting an impressive Compound Annual Growth Rate (CAGR) of 25.2%. The Government of Taiwan's statistical report highlights the country's vast fleet of 23 million vehicles, nearly equating to one vehicle per individual.
This substantial vehicle density underscores the escalating demand for cutting-edge surveillance solutions, particularly AI-powered CCTV systems, to ensure road safety. These advanced systems play a crucial role in tackling prevalent challenges such as red-light violations, unauthorized parking, and pedestrian safety.
As Taiwan's urban landscapes continue to evolve, the adoption of AI-driven surveillance solutions becomes increasingly imperative to address the growing demands for enhanced security and traffic management.
Accelerating Smart City Infrastructure Initiatives Fuels the Market Growth
Taiwan's smart city infrastructure initiatives, exemplified by the integration of Iveda AI and sensor technology in Kaohsiung in January 2023, serve as a catalyst for the AI CCTV market. This strategic initiative aims to harness the power of AI analytics, sensor arrays, and video surveillance to foster connectivity and enhance services within urban environments.
By leveraging advanced technologies, including AI-driven CCTV systems, Taiwan endeavors to optimize urban operations, enhance public safety, and improve overall quality of life. As such, the integration of AI-centric solutions into smart city frameworks not only addresses existing challenges but also lays the foundation for future innovation and sustainable urban development in Taiwan and beyond.
Growing Cybersecurity Concerns Hinders 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 Integration of Behavior Analytics into AI CCTV Systems Paves the Way for Forthcoming Opportunities In 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
Taiwan 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.
Taiwan AI CCTV Market Key Market Segments
By Component
-
Hardware
-
Cameras
-
Storage Devices
-
Others
-
-
Software
-
Video Analytics Software
-
Video Management Software
-
By Camera Type
-
Dome Cameras
-
Bullet Cameras
-
Box Cameras
By Deployment
-
Cloud-Based
-
On-Premise
By End User
-
Commercial
-
Residential
-
Industrial
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 111.4 Million |
|
Revenue Forecast in 2030 |
USD 604.0 Million |
|
Growth Rate |
CAGR of 25.2% 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
-
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.
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