People Counting System Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 184 SKU: IRTNTR74188

People Counting System Market Forecast 2024-2028 

The people counting system market size is forecast to increase by USD 897.4 million at a CAGR of 11.38% between 2023 and 2028. The market's growth depends on several factors, including the increasing developments in the market, the accelerated technological advancements in the retail sector, and the increasing use of analytics. People counting systems are comprised of individual counter systems that measure the number and direction of people traversing any entry or channel per unit of time. This gadget is commonly used at building entrances to track the overall number of tourists. People counting methods are used in a variety of industries, such as BFSI, transportation, and healthcare. This market research and growth report includes key market drivers, trends, and challenges during the forecasted period. 

What will be the Size of the Market During the Forecast Period?

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The market is witnessing significant growth driven by various industries, including retail, e-commerce, hospitality, entertainment, and healthcare. With the integration of advanced technologies like 4D technology and WiFi connectivity, these systems offer accurate insights into consumer behavior, facilitating better decision-making and enhancing operational efficiency. Moreover, they play a crucial role in public safety and security measures, contributing to economic growth by providing valuable analytics tools for businesses. Despite potential challenges like trade disruptions, the demand for people counting systems continues to rise, reflecting their importance across diverse sectors.

Market Dynamics and Customer Landscape

The market integrates IoT and cloud services to enhance building security across various sectors like malls, events, clubs, and retail stores. With a focus on public safety, supermarkets, shopping malls, and retail spaces implement people monitoring technologies to optimize operations. Advanced solutions, including 4D technology and WiFi systems, cater to the evolving needs of the retail and commercial sectors. These systems not only provide accurate people counting but also offer analytics tools to understand consumer behavior. Amid economic growth and trade disruptions, the adoption of people counting technologies expands into sectors like the hotel, entertainment, and healthcare industries.

Key Market Driver

Accelerated technological advancements in the retail sector is the key factor driving growth. Retailers have implemented people counting systems to obtain a better knowledge of their consumers and improve their shopping experience. These systems are used in conjunction with retail analytics software to calculate a wide range of key performance indicators (KPIs), including conversion rate, staff planning, visitor count, outside traffic, dwell time, pedestrian foot traffic, walk-in rate, shopper-to-staff ratio, and customer path. 

Moreover, in the retail sector, people counting systems provide a variety of benefits, such as high dependability, precision, and the option to remove strollers, carts, and youngsters from the overall count. Consequently, the demand to deploy these systems in their business is increasing in the retail industry. Thus, such factors are expected to propel the growth of the market during the forecast period.

Significant Market Trends

The advent of smart AI-based video surveillance is the primary trend shaping growth. AI brings in smart automation to analyze large volumes of surveillance data to derive intelligent insights. AI accurately analyzes live streams in real-time with limited or no assistance from people. In addition, AI can compensate for human errors by offering a superior standard of facial, faceless, behavioral, and object detection. The growing volume of surveillance data makes manual analysis inefficient.

Therefore, AI-based methodologies are expected to be integrated with video surveillance, which will improve crime spotting and prevention. AI-based video surveillance solutions are also expected to enable predictive crime monitoring. Thus, such advancements in people counting systems are anticipated to fuel the growth of the market during the forecast period.

Major Market Restrain

The rapid growth of the e-commerce industry is a challenge that affects growth. According to the United Nations Conference on Trade and Development (UNCTAD), the top 13 global B2C e-commerce businesses sales were valued at USD 2.9 trillion in 2020. According to UNCTAD, e-commerce accounted for 14% of global retail in 2019, rising to 17% by 2020. E-commerce has had a tremendous impact on worldwide retail growth. The decrease in the number of visits to retail outlets, shopping malls, and supermarkets during the pandemic negatively impacts the demand for people counting systems.

Furthermore, several brick-and-mortar establishments have been closed across the globe due to the threat from e-commerce. For example, Ascena Retail Group (US) declared bankruptcy in June 2020 and shut down 2,800 of its shops, and General Nutrition Center (US) declared bankruptcy in June 2020 and shut down 1,300 of its stores globally in 2020. Thus, such factors are expected to impede the growth of the market during the forecast period.

Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Market Segmentation

The type segment of the market encompasses a variety of advanced technologies tailored to meet the diverse needs of different sectors. One prominent trend is the integration of IoT (Internet of Things) capabilities, enabling seamless connectivity and data exchange between devices for real-time monitoring and analysis. Additionally, cloud services play a vital role by providing secure storage and accessibility to large volumes of data generated by people counting systems. Building security is a primary application area for these systems, with solutions deployed in malls, events, clubs, and various retail and commercial spaces. In malls and shopping centers, these systems help managers optimize space utilization, understand foot traffic patterns, and enhance overall customer experience.

Similarly, in retail stores and supermarkets, people counting technologies enable efficient staffing, product placement, and customer service strategies. The adoption of people counting systems is driven by the growing demand for accurate and reliable people monitoring technologies, particularly in the retail industry. With the emergence of 4D technology, which incorporates time as an additional dimension, these systems offer enhanced capabilities for tracking and analyzing customer behavior over time. Moreover, the e-commerce industry is increasingly leveraging these systems to gain insights into online and offline customer interactions, bridging the gap between physical stores and digital platforms. Overall, the market continues to evolve, driven by advancements in technology and the growing emphasis on enhancing customer experiences across various sectors.

By Type 

The market share growth by the bidirectional segment will be significant during the forecast period. The bidirectional segment in the market is expected to witness significant growth due to the growing demand for the ability for higher accuracy in bidirectional compared to unidirectional. The growth of the bidirectional segment is due to the advantages it provides to end-users, such as retail analytics, queue management, staff optimization, and space utilization.

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The bidirectional segment showed a gradual increase in the market share of USD 471.55 million in 2018. Bidirectional people counting systems identify whether a person is walking in or out of the entrance and allow end users to count the number of visitors on a particular floor or zone, along with the direction they used to enter/exit. Sensors used in bidirectional people counting systems scan areas 200 times/seconds, which allows them to work on an accuracy of more than 95%. Such factors, coupled with thorough market research and growth analysis and market growth and forecasting, are expected to propel the growth of the bidirectional segment in the global market during the forecast period. Furthermore, integrating advanced technologies for customer flow analysis and visitor counting can enhance the efficiency and accuracy of bidirectional people counting systems, further driving their adoption in various sectors.

Regional Overview

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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada are the main contributing countries in North America. The increased adoption of people counting systems in North America is attributed to the existence of technologically developed retail stores and shopping malls, stadiums, banks, and amusement parks.

In addition, the growing investment in the retail sector is propelling the demand for people counting systems in the US. Furthermore, some key players, such as InfraRed Integrated Systems, RetailNext, and Teledyne, are headquartered in North America. Also, AI-based and cloud services are also fueling the growth of the regional market. Hence, such factors are expected to fuel the expansion of the regional market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Axis Communications AB: The company offers solutions for people-counting such as how many people are in an area at any time, how they move, where they congregate, and periods of peak occupancy which provides valuable insight.
  • EUROTECH Spa: The company offers people-counting systems such as DynaPCN 10-20 which is a compact and autonomous device.
  • Fortive Corp.: The company offers a people-counting system called Vector 4D people counting sensors under its subsidiary called InfraRed Integrated Systems Ltd.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Axiomatic Technology Ltd.
  • DILAX Intelcom GmbH
  • Dor Technologies Inc.
  • FootfallCam
  • Gigabyte Technology Co. Ltd.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • HELLA GmbH and Co. KGaA
  • iris GmbH infrared and intelligent sensors
  • Johnson Controls International Plc
  • Koninklijke Philips N.V.
  • RetailNext Inc.
  • Robert Bosch GmbH
  • SensMax LTD.
  • Teledyne Technologies Inc.
  • Traf Sys Inc.
  • VCount Inc.
  • VIVOTEK Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is experiencing substantial growth driven by various sectors such as the hotel sector, entertainment sector, and healthcare sector. With the integration of IoT and 4D technology, innovative solutions for building security and public safety are being developed. People monitoring technologies and people counting technologies, including WiFi systems, are being widely adopted in Retail and commercial spaces, clubs, and events, enabling efficient crowd management and enhancing security measures. Analytics tools play a crucial role in analyzing data collected from these systems, providing valuable insights for decision-making. Despite potential trade disruptions, the market continues to expand, fueled by increasing economic growth and the growing demand for enhanced public safety and security and monitoring solutions across different sectors.

The market is witnessing significant traction across various sectors, such as airports, train stations, brick and mortar stores, and transportation facilities. These systems play a pivotal role in optimizing operations and enhancing customer experience, customer journey, and customer satisfaction by providing real-time data on footfalls, customer service, and occupancy monitoring. With the rise of omnichannel retail and digital marketing, businesses are leveraging people-counting technologies to improve in-store operations, increase conversion rates, and unveil new products effectively. From analyzing spending habits to managing employee staffing, these systems enable retailers, hospitality industries, and industrial establishments to maximize profitability and address lost sales opportunities. With continuous technological developments and urbanization trends, the demand for unidirectional people-counting systems is expected to surge further, driving market expansion.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2022.

  • Type Outlook
    • Bidirectional
    • Unidirectional
  • Technology Outlook
    • Video-based technology
    • Infrared beam
    • Thermal imaging
    • Others
  • Application Outlook
    • Hardware
    • Software
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

184

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.38%

Market Growth 2024-2028

USD 897.4 million

Market structure

Fragmented

YoY growth 2023-2024(%)

10.7

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Axiomatic Technology Ltd., Axis Communications AB, DILAX Intelcom GmbH, Dor Technologies Inc., EUROTECH Spa, FootfallCam, Fortive Corp., Gigabyte Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., HELLA GmbH and Co. KGaA, iris GmbH infrared and intelligent sensors, Johnson Controls International Plc, Koninklijke Philips N.V., RetailNext Inc., Robert Bosch GmbH, SensMax LTD., Teledyne Technologies Inc., Traf Sys Inc., VCount Inc., and VIVOTEK Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • market forecasting of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 14: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global people counting system market 2018 - 2022
      • Exhibit 19: Historic Market Size – Data Table on global people counting system market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Technology Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Technology Segment 2018 - 2022 ($ million)
    • 4.4 Application Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.5 Geography Segment Analysis 2018 - 2022
      • Exhibit 23: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.6 Country Segment Analysis 2018 - 2022
      • Exhibit 24: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 25: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 28: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 29: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 30: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 31: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 32: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 33: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 34: Chart on Comparison by Type
      • Exhibit 35: Data Table on Comparison by Type
    • 6.3 Bidirectional - Market size and forecast 2023-2028
      • Exhibit 36: Chart on Bidirectional - Market size and forecast 2023-2028 ($ million)
      • Exhibit 37: Data Table on Bidirectional - Market size and forecast 2023-2028 ($ million)
      • Exhibit 38: Chart on Bidirectional - Year-over-year growth 2023-2028 (%)
      • Exhibit 39: Data Table on Bidirectional - Year-over-year growth 2023-2028 (%)
    • 6.4 Unidirectional - Market size and forecast 2023-2028
      • Exhibit 40: Chart on Unidirectional - Market size and forecast 2023-2028 ($ million)
      • Exhibit 41: Data Table on Unidirectional - Market size and forecast 2023-2028 ($ million)
      • Exhibit 42: Chart on Unidirectional - Year-over-year growth 2023-2028 (%)
      • Exhibit 43: Data Table on Unidirectional - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 44: Market opportunity by Type ($ million)
      • Exhibit 45: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 46: Chart on Technology - Market share 2023-2028 (%)
      • Exhibit 47: Data Table on Technology - Market share 2023-2028 (%)
    • 7.2 Comparison by Technology
      • Exhibit 48: Chart on Comparison by Technology
      • Exhibit 49: Data Table on Comparison by Technology
    • 7.3 Video-based technology - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Video-based technology - Market size and forecast 2023-2028 ($ million)
      • Exhibit 51: Data Table on Video-based technology - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Chart on Video-based technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Video-based technology - Year-over-year growth 2023-2028 (%)
    • 7.4 Infrared beam - Market size and forecast 2023-2028
      • Exhibit 54: Chart on Infrared beam - Market size and forecast 2023-2028 ($ million)
      • Exhibit 55: Data Table on Infrared beam - Market size and forecast 2023-2028 ($ million)
      • Exhibit 56: Chart on Infrared beam - Year-over-year growth 2023-2028 (%)
      • Exhibit 57: Data Table on Infrared beam - Year-over-year growth 2023-2028 (%)
    • 7.5 Thermal imaging - Market size and forecast 2023-2028
      • Exhibit 58: Chart on Thermal imaging - Market size and forecast 2023-2028 ($ million)
      • Exhibit 59: Data Table on Thermal imaging - Market size and forecast 2023-2028 ($ million)
      • Exhibit 60: Chart on Thermal imaging - Year-over-year growth 2023-2028 (%)
      • Exhibit 61: Data Table on Thermal imaging - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 62: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 63: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 65: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Technology
      • Exhibit 66: Market opportunity by Technology ($ million)
      • Exhibit 67: Data Table on Market opportunity by Technology ($ million)

    8 Market Segmentation by Application

    • 8.1 Market segments
      • Exhibit 68: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 69: Data Table on Application - Market share 2023-2028 (%)
    • 8.2 Comparison by Application
      • Exhibit 70: Chart on Comparison by Application
      • Exhibit 71: Data Table on Comparison by Application
    • 8.3 Hardware - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Hardware - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
      • Exhibit 74: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 8.4 Software - Market size and forecast 2023-2028
      • Exhibit 76: Chart on Software - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Data Table on Software - Market size and forecast 2023-2028 ($ million)
      • Exhibit 78: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 79: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 8.5 Market opportunity by Application
      • Exhibit 80: Market opportunity by Application ($ million)
      • Exhibit 81: Data Table on Market opportunity by Application ($ million)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Geographic Landscape

    • 10.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 84: Data Table on Market share by geography 2023-2028 (%)
    • 10.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 10.3 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 10.4 APAC - Market size and forecast 2023-2028
      • Exhibit 91: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 10.5 Europe - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 10.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 10.7 South America - Market size and forecast 2023-2028
      • Exhibit 103: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 10.8 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 10.9 China - Market size and forecast 2023-2028
      • Exhibit 111: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 10.10 Germany - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 10.11 Japan - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 10.12 Canada - Market size and forecast 2023-2028
      • Exhibit 123: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 124: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 125: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 126: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 10.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ million)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ million)

    11 Drivers, Challenges, and Trends

    • 11.1 Market drivers
      • 11.2 Market challenges
        • 11.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2023 and 2028
        • 11.4 Market trends

          12 Vendor Landscape

          • 12.1 Overview
            • 12.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 12.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 12.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            13 Vendor Analysis

            • 13.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 13.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 13.3 Axis Communications AB
              • Exhibit 135: Axis Communications AB - Overview
              • Exhibit 136: Axis Communications AB - Product / Service
              • Exhibit 137: Axis Communications AB - Key offerings
            • 13.4 EUROTECH Spa
              • Exhibit 138: EUROTECH Spa - Overview
              • Exhibit 139: EUROTECH Spa - Business segments
              • Exhibit 140: EUROTECH Spa - Key offerings
              • Exhibit 141: EUROTECH Spa - Segment focus
            • 13.5 Fortive Corp.
              • Exhibit 142: Fortive Corp. - Overview
              • Exhibit 143: Fortive Corp. - Business segments
              • Exhibit 144: Fortive Corp. - Key news
              • Exhibit 145: Fortive Corp. - Key offerings
              • Exhibit 146: Fortive Corp. - Segment focus
            • 13.6 Gigabyte Technology Co. Ltd.
              • Exhibit 147: Gigabyte Technology Co. Ltd. - Overview
              • Exhibit 148: Gigabyte Technology Co. Ltd. - Product / Service
              • Exhibit 149: Gigabyte Technology Co. Ltd. - Key offerings
            • 13.7 Hangzhou Hikvision Digital Technology Co. Ltd.
              • Exhibit 150: Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
              • Exhibit 151: Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
              • Exhibit 152: Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings
            • 13.8 HELLA GmbH and Co. KGaA
              • Exhibit 153: HELLA GmbH and Co. KGaA - Overview
              • Exhibit 154: HELLA GmbH and Co. KGaA - Business segments
              • Exhibit 155: HELLA GmbH and Co. KGaA - Key news
              • Exhibit 156: HELLA GmbH and Co. KGaA - Key offerings
              • Exhibit 157: HELLA GmbH and Co. KGaA - Segment focus
            • 13.9 iris GmbH infrared and intelligent sensors
              • Exhibit 158: iris GmbH infrared and intelligent sensors - Overview
              • Exhibit 159: iris GmbH infrared and intelligent sensors - Product / Service
              • Exhibit 160: iris GmbH infrared and intelligent sensors - Key offerings
            • 13.10 Johnson Controls International Plc
              • Exhibit 161: Johnson Controls International Plc - Overview
              • Exhibit 162: Johnson Controls International Plc - Business segments
              • Exhibit 163: Johnson Controls International Plc - Key news
              • Exhibit 164: Johnson Controls International Plc - Key offerings
              • Exhibit 165: Johnson Controls International Plc - Segment focus
            • 13.11 Koninklijke Philips N.V.
              • Exhibit 166: Koninklijke Philips N.V. - Overview
              • Exhibit 167: Koninklijke Philips N.V. - Business segments
              • Exhibit 168: Koninklijke Philips N.V. - Key news
              • Exhibit 169: Koninklijke Philips N.V. - Key offerings
              • Exhibit 170: Koninklijke Philips N.V. - Segment focus
            • 13.12 RetailNext Inc.
              • Exhibit 171: RetailNext Inc. - Overview
              • Exhibit 172: RetailNext Inc. - Product / Service
              • Exhibit 173: RetailNext Inc. - Key offerings
            • 13.13 Robert Bosch GmbH
              • Exhibit 174: Robert Bosch GmbH - Overview
              • Exhibit 175: Robert Bosch GmbH - Business segments
              • Exhibit 176: Robert Bosch GmbH - Key news
              • Exhibit 177: Robert Bosch GmbH - Key offerings
              • Exhibit 178: Robert Bosch GmbH - Segment focus
            • 13.14 Teledyne Technologies Inc.
              • Exhibit 179: Teledyne Technologies Inc. - Overview
              • Exhibit 180: Teledyne Technologies Inc. - Business segments
              • Exhibit 181: Teledyne Technologies Inc. - Key news
              • Exhibit 182: Teledyne Technologies Inc. - Key offerings
              • Exhibit 183: Teledyne Technologies Inc. - Segment focus
            • 13.15 Traf Sys Inc.
              • Exhibit 184: Traf Sys Inc. - Overview
              • Exhibit 185: Traf Sys Inc. - Product / Service
              • Exhibit 186: Traf Sys Inc. - Key offerings
            • 13.16 VCount Inc.
              • Exhibit 187: VCount Inc. - Overview
              • Exhibit 188: VCount Inc. - Product / Service
              • Exhibit 189: VCount Inc. - Key offerings
            • 13.17 VIVOTEK Inc.
              • Exhibit 190: VIVOTEK Inc. - Overview
              • Exhibit 191: VIVOTEK Inc. - Product / Service
              • Exhibit 192: VIVOTEK Inc. - Key offerings

            14 Appendix

            • 14.1 Scope of the report
              • 14.2 Inclusions and exclusions checklist
                • Exhibit 193: Inclusions checklist
                • Exhibit 194: Exclusions checklist
              • 14.3 Currency conversion rates for US$
                • Exhibit 195: Currency conversion rates for US$
              • 14.4 Research methodology
                • Exhibit 196: Research methodology
                • Exhibit 197: Validation techniques employed for market sizing
                • Exhibit 198: Information sources
              • 14.5 List of abbreviations
                • Exhibit 199: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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