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Adam Bannister is a contributor to IFSEC Global, having been in the role of Editor from 2014 through to November 2019. Adam also had stints as a journalist at cybersecurity publication, The Daily Swig, and as Managing Editor at Dynamis Online Media Group.
Hikvision has strengthened its hold on the top spot in the latest countdown of the world’s largest surveillance camera manufacturers by research firm IHS.
Now accounting for 16.3% of the global surveillance equipment market the Chinese giant has grown its market share by revenue by 50% year-on-year – up 5.9 percentage points – and doubled its market share in the past two years.
Hikvision, which was founded in 2001, now tops every CCTV/surveillance equipment category including the global network security camera market, leapfrogging Axis Communications with an increase from 13% to 18.9% year on year.
Ranking number two in the CCTV and video surveillance equipment category for the EMEA market (with a 9.2% share) the company has made serious inroads into overseas markets.
Courtesy of IHS the following table demonstrates the relentless advances made by Hikvision across all surveillance categories over the past two years:
Market Share for
IHS Report 2015
IHS Report 2014
IHS Report 2013
Rank
Market Share
Rank
Market Share
Rank
Market Share
CCTV & Video Surveillance Equipment
1
16.3%
1
10.9%
1
8.0%
Security Cameras
1
17.3%
1
11.9%
3
7.8%
Analogue Security Cameras
1
13.3%
2
10.1%
2
6.2%
Network Security Cameras
1
18.9%
2
13.0%
3
9.7%
Video Encoders
1
13.1%
2
9.5%
2
6.0%
VMS
4
5.8%
3
5.4%
5
3.8%
Hardware NVR’s
1
15.7%
1
6.6%
Below 10
–
DVR’s
1
26.3%
1
16.4%
1
14.2%
Megapixel Network Security Cameras
1
20.6%
2
13.0%
2
11.1%
Network Video Surveillance Equipment
1
16.2%
2
10.4%
3
7.2%
“We are very pleased to see Hikvision’s rankings in CCTV and video surveillance equipment,” said Cynthia Ho, Vice President at Hikvision.
“This is an attribute to our continuous R&D innovation and investment. Importantly, we move forward with the rapidly developing market trends of IP surveillance which benefits us the great achievements in IP product segments.
“We appreciate our customers’ and partners’ support and trust in Hikvision. Looking forward, we will continue to seize every opportunity to meet the market need and keep investing in R&D, offering more benefits and service to our customers.”
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Hikvision Doubles Global Market Share in Just Two Years to Remain World’s Biggest Surveillance BrandThe Chinese CCTV giant has topped the global rankings, which are compiled by IHS, for the fourth year in a row.
Adam Bannister
IFSEC Insider | Security and Fire News and Resources
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