Mobile Video Surveillance Market to Grow with a CAGR of 8.76% through 2029

Rising need for elevated security measures and adherence to regulations within transport vehicles drive the market during forecast period.

According to TechSci Research report, “Mobile Video Surveillance Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029". Global Mobile Video Surveillance Market was valued at USD 1.70 Billion in 2023 and is expected to register a CAGR of 8.76% through 2029. In the realm of Mobile Video Surveillance, a compelling market driver stems from the critical need to ensure safety, security, and regulatory compliance across various sectors, particularly within the transportation industry. With an escalating concern for passenger safety and the proliferation of security threats, the adoption of mobile video surveillance systems has surged. These systems offer real-time monitoring capabilities, deterring criminal activities and enhancing situational awareness during transit.

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Based on vertical, Transportation segment held the largest Market share in 2023. In the dynamic landscape of the Mobile Video Surveillance market, the Transportation vertical segment stands out as a focal point, driven by a confluence of factors that collectively underscore the critical importance of safety, security, and operational efficiency within the transportation industry. One of the primary market drivers within this segment is the escalating emphasis on passenger safety and security, fueled by mounting concerns over terrorism, crime, and safety incidents across various modes of transportation, including buses, trains, airplanes, and ships. With the increasing frequency of security breaches and safety threats, transport operators are under immense pressure to deploy advanced surveillance solutions that can effectively monitor and safeguard passengers, crew, and assets during transit.

Mobile video surveillance play an indispensable role in addressing these security challenges by providing real-time monitoring, situational awareness, and threat detection capabilities within transport vehicles. By strategically deploying surveillance cameras throughout transportation networks, operators can deter criminal activities, prevent vandalism, and respond swiftly to security incidents or safety emergencies. Moreover, mobile video surveillance systems enable operators to monitor critical areas such as boarding platforms, passenger cabins, and cargo holds, facilitating proactive risk mitigation and ensuring the safety and well-being of passengers and personnel.

Regulatory mandates and industry standards mandating the installation of surveillance systems in public transportation vehicles serve as a significant driver for the adoption of mobile video surveillance solutions within the Transportation vertical segment. Governments, regulatory bodies, and transportation authorities worldwide are increasingly enacting legislation and regulations requiring transport operators to implement surveillance measures to enhance safety, deter crime, and improve incident response capabilities. Compliance with these mandates is imperative for operators to maintain operational licenses, insurance coverage, and public trust, compelling them to invest in advanced surveillance technologies to meet regulatory requirements and safeguard passengers and assets.

Technological advancements in mobile video surveillance systems are driving innovation and market growth within the Transportation vertical segment. The development of high-definition cameras, advanced video analytics, and wireless connectivity technologies enables operators to deploy surveillance solutions that offer enhanced features, capabilities, and performance. Additionally, the integration of cloud-based storage, edge computing, and artificial intelligence (AI) algorithms enhances the effectiveness, efficiency, and scalability of surveillance operations, allowing operators to leverage real-time data insights for improved decision-making and resource optimization.

The increasing adoption of intelligent transportation systems (ITS) and smart city initiatives is fueling demand for mobile video surveillance solutions within the Transportation vertical segment. These initiatives aim to leverage technology to enhance the safety, efficiency, and sustainability of transportation networks, driving investments in advanced surveillance technologies to support real-time traffic monitoring, incident management, and passenger safety initiatives. Additionally, the integration of mobile video surveillance systems with other ITS components, such as traffic management systems, vehicle tracking systems, and public safety networks, enables seamless data sharing and collaboration, further enhancing the capabilities and value proposition of surveillance solutions within the Transportation vertical segment.

The Mobile Video Surveillance market in the Transportation vertical segment is driven by a combination of factors, including the imperative for passenger safety, regulatory mandates, technological advancements, and the adoption of intelligent transportation systems. As transport operators continue to prioritize safety investments and embrace innovative surveillance technologies, the demand for mobile video surveillance solutions is expected to grow, driving further innovation and market expansion within the Transportation vertical segment.

Major companies operating in Global Mobile Video Surveillance Market are:

• Hangzhou Hikvision Digital Technology Co., Ltd.
• Dahua Technology USA Inc.
• Axis Communications AB
• Bosch Sicherheitssysteme GmbH
• Zhejiang Uniview Technologies Co.,Ltd.
• Hanwha Techwin Co., Ltd.
• Teledyne Technologies Incorporated
• Motorola Solutions, Inc.
• BriefCam Ltd.
• Robert Bosch GmbH

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“The Global Mobile Video Surveillance Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. Advanced technological innovations, including high-resolution cameras and AI-driven analytics, are transforming surveillance capabilities, facilitating instantaneous monitoring and threat identification. Furthermore, the integration of cloud storage and wireless connectivity optimizes system efficacy. With transport operators directing investments toward safety initiatives and embracing cutting-edge solutions, there is poised to be a substantial uptick in demand for mobile video surveillance, fueling market expansion and enhancing global transportation safety standards. Therefore, the Market of Mobile Video Surveillance is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Mobile Video Surveillance Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, By Application (Transport Vehicles, Trains and Trams, Buses), By Component (Software, Hardware, and Service), By Vertical (Military and Defense, Transportation, Industrial), By Region, By Competition, 2019-2029”, has evaluated the future growth potential of Global Mobile Video Surveillance Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Mobile Video Surveillance Market.

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