Analyst predicts security camera shipments will reach $44M by 2014

"The most important advantage the IP camera has over the analog camera is the Internet Protocol it employs in its communication with the rest of the system," says Max Baron, contributing analyst, In-Stat. "And although the IP camera's capability to interface to recorders, switches, computers, servers and the Internet can make the surveillance system itself easy to upgrade and expand, the price of the camera and the cost of upgraded infrastructure, frequently outweighs that advantage."

According to the study, Asia/Pacific leads in worldwide security camera shipments. video surveillance equipment revenue will approach $15 billion in 2014, and the growth in IP cameras surpasses analog cameras and drives higher growth rates in hybrid DVRs and NVRs. The revenue for processors in IP cameras, including video encode/image processors and analytics processors, will be 67% higher in 2014 compared to 2010.

The study also states that video surveillance equipment can be found in vertical applications for toll booths, education campuses, public transportation, vehicular traffic monitoring and law enforcement, as well as in applications such as monitoring health conditions of patients in hospitals and at home, and queue length management in retail..

In-Stat's report is global in scope and includes five-year forecasts for surveillance analog and IP camera shipments, revenue, and ASPs by region and consumer vs. professional; worldwide security digital video recorder channel shipments and revenues by region and by DVR/NVR type; worldwide market for video analytics streams and revenues by equipment type; surveillance equipment semiconductor bill of materials by equipment type and by semiconductor type; coverage of key component vendors, including Ambarella, Aptina, Omnivision, Pixim, Techwell (Intersil) and Texas Instruments; surveillance equipment semiconductor revenue by equipment type and by semiconductor type; and analysis of key technologies, semiconductors, and standards for video surveillance equipment.