Pre 1 of explosive growth in the application field

The growth momentum of the domestic security video surveillance industry& Ldquo; Ping An City; The key demonstration projects and the enhancement of security awareness have led to the continuous growth of China's security video surveillance market in recent years, with a growth rate higher than the global average. Considering the driving role of key demonstration projects, while traditional application fields are expected to steadily grow, other application fields are expected to experience explosive growth. It is expected that the domestic security video surveillance industry will maintain an annual growth rate of 15-20% in the coming years, and the long-term growth momentum will come from the huge development space of the secondary and tertiary markets.
The technological innovation trend of security video surveillance. In recent years, with the trend of technological innovation in digitization, networking, intelligence, and integration, the video surveillance market is transitioning towards the third-generation IP surveillance era. The replacement of the first generation system by the second generation video surveillance system is revolutionary, while the rise of the third generation system in recent years is only a partial replacement of the second generation system, mainly due to the special needs of users and differences in objective conditions. Therefore, leading companies in the domestic video surveillance industry will not only enjoy the sustained returns brought by their existing advantageous position in the second-generation video surveillance field, but also benefit from the high growth opportunities of third-generation video surveillance systems in the long term.
In the security video surveillance industry chain, only video surveillance equipment manufacturers have advantages in both technical capabilities and understanding of customer needs. Compared to foreign manufacturers, domestic video surveillance equipment manufacturers still have advantages in processing capabilities and costs, and in recent years, their market share in domestic and foreign markets has been continuously increasing. Security video surveillance products are one of the key areas for the development of China's electronic information industry, and a series of national support policies are conducive to the further development of industry leaders. In recent years, the high-end field of the domestic video surveillance industry has undergone a reshuffle, with a significant increase in industry concentration. Currently, the first teams are Hikvision and Dahua Group.