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IDC: China expects home security camera market to expand 7.5% in 2023
Chinese article by 爱集微
English Editor 张未名
04-10 17:27

By Greg Gao

(JW Insights) Apr 10 -- Sales of household surveillance cameras in China are expected to surge 7.5 percent this year from the year before, according to the latest data released by US market research firm International Data Corp(IDC). The demands increased noticeably in the market as new application scenarios are multiplying.

The IDC report shows that some 21.5 million set of smart home cameras are expected to sell this year in China as people return to their busy schedules with the lifting of pandemic prevention measures and new application scenarios proliferated, such as keeping an eye on children, parents and pets.

The market is expected to grow by double digits in the next few years to just below 40 million units by 2027, IDC said.

Last year, sales dipped 1.6 percent year on year to 20 million cameras due to sluggish demand. But both camera hardware and software were upgraded significantly during this period, producing models with much better resolution and night vision.

Security cameras need to leverage artificial intelligence to become smarter and create new user scenarios, IDC said. Face recognition and moving object detection should be finetuned further and new functions such as parcel recognition developed.

About 70 percent of smart cameras can access wireless internet to interact with other intelligent devices, but this interaction is limited to the most basic functions such as turning themselves on and off, IDC said. Manufacturers should increase device connectivity and enrich interactive capabilities to broaden their market, the IDC report pointed out.

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