Emir BardakçıAccording to the latest report from Luotu Technology, in October 2024, the sales volume of the Chinese surveillance camera market went up by 9.1% YoY. Xiaomi tops this list, followed very closely by Joan and EZVIZ.
Key Takeaways
- Strong Sales Performance: In the market, revenues increased 10.2% year-on-year due to aggressive promotions and government subsidies.
- Xiaomi’s Dominance: Paying proper attention to product quality and innovative features, in particular, binocular cameras, helped Xiaomi stay ahead of the competition.
- Product Diversity: Companies such as EZVIZ and Hikvision had been performing reasonably well within their respective high-pixel camera and outdoor surveillance niches.
- Growing Market: The overall Chinese surveillance camera market is estimated at 29.88 million units in 2024, an increase of 12% YoY.
- Future Trends: As technology continues to get better, be sure that more and more innovative ideas will come forth in the market for surveillance cameras.
Some more common features, all of which are AI-powered, include facial recognition, object detection, and smart alerts. In addition, further integrations of surveillance cameras into smart home ecosystems will enable new scenarios regarding home security and automation.
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