Hikvision Massive China vs Overseas Sales Growth

Author: John Honovich, Published on Oct 19, 2015

Hikision's ~$2.6 billion USD revenue was 4 times as large as Axis for 2014, which is absolutely astounding considering how big Axis is and how both companies both focus on video surveillance.

But:

  • How much of Hikvision's revenue is from inside China vs 'overseas'?
  • How much is Hikvision growing?
  • Which is growing faster? Domestic or overseas growth?
  • Compared to Dahua, how is Hikvision doing?
  • What does this tell us about Hikvision's future impact on the world?

Inside, we answer these questions.

********'* ~$*.* ******* *** ******* *** * ***** ** ***** as **** *** ****, ***** ** ********** ********** *********** *** big **** ** *** *** **** ********* **** ***** ** video ************.

***:

  • *** **** ** *********'* ******* ** **** ****** ***** ** 'overseas'?
  • *** **** ** ********* *******?
  • ***** ** ******* ******? ******** ** ******** ******?
  • ******** ** *****, *** ** ********* *****?
  • **** **** **** **** ** ***** *********'* ****** ****** ** the *****?

******, ** ****** ***** *********.

[***************]

China ** **** ** ********

******** ***** **** ***** ********* *** $~* ******* *** (**% of ***** *******) ***** ******** / ************* ***** **** ~$*** million *** (**%). *********'* ***-***** **** ***** **** ********** ** Axis ********. ** ***** ** ***** **** ******* ** *****, Hikvision ****** **** ***** (** ****) ** ****, ***** *********'* lower ***** *** ********** ******** *** ******** ** **** ***** end ******** ********.

Growth ***** - **** *** ****** ****** *****

*** ** **** (******* ****), *********'* ***** **** ** ** almost ************ **.*% *** ** *** ******* **** **** ****.

******, **** **** **********, ******** ******* ********* ***** *** ******* faster **** ************* *****, **** ******** ****** ******* * *** points ****** ******** ****** ** '****'**.*%.

***** *** ******** ********* ** ****** ** ***** (** **** of **** ********), ** ** *** ********** *** **** *** continue ** **** **** ****, ****** ** **** * **** rate, ** ******* **** **** *** *********** ***** ******** ******.

*************

**********'* *** ******* *** ~**%, ***** ** *** ***** *** publicly ****** ***** ************ ************ (*** ****** **** **** ******'* and *****'*). * '****' *** ****** *** * ***** ************ manufacturer ** ********* ** *** **-**%. ** ********* *****, ********* generated ~$*** ******* *** ** ******* ** ****.

*******, *********'* ***** ******* *** ** *** **-**% *****, ***** is ********** ***. ********* **** **** *** ******** ********* *** in *** **-**% *****. *** ********** *** ** ********** ** scale. ** ~** ****' **** *** ~** ********'* ****, **** can ****** ***** ******** **** * **** ****** ****.

** *** ***** ****, ***** *** ************** ******** ** ******* comes **** *****, ** *** *** *** *******. ******, ***** the ********* *** ***** ******** ********* ** ********* ******** *** the *** ****** ********, ** ** **** ** *** *** they *** ********** ******* ** *****, *** ********* ******* **** the ****** **** **** ************.

Dahua **********

** ********, *****, ***** **** ******** *****, ** ******* ******* near ** ****. ** *** ******** ****, ***** ******* ~$* billion *** ******* ** ****. *******, ** **** ******* *** up **%, ***** ** ****** ******** ** *** ***** *** only * ******** ** *********'*.

Future ******

*********'* ********** ******* **** ***** ******** ******* ********** ** ******* empowering **** ** ****** ******* ****** ********* *** ** ******** losses ** ******* *******. ** **** *********, ** ***** ******* the ************ ** ******* *** ****** ****** ******.

Update: **** ********

**** *****'* ******** ******* *******, *** ******** ****** ** *** growing ****** **** ********.********* ** *****'*, "******** ***** **** ** **% ****** ** *** *******'* ********* in *** *****- *** ******-***** ********** ******* *** *** ***-**-*** end ******. ************* ***** **** ** **%"

******* ************* ***** *** ******* ******, ******** ***** *** ***** 73.7% ** *********'* ***** *******. **** ***** / ******** **** change ** **** ** ******** ***** ****** ********* ** ****.

Comments (22)

Undisclosed 1

| 10/19/15 10:06pm

** *** ***** ****, ***** *** ************** ******** ** ******* comes **** *****, ** *** *** *** *******.

*** ******* **** * ****** ***** **** ***** **% ***** by *** ***** ** * ************ ********* *** ** *** ones ****** ****.

John Honovich

IPVM Admin | In reply to Undisclosed 1 | 10/19/15 10:57pm

******** * ******** ***** *** ******** ** ********* ** ****** about **** ***** ******** ** ** *** ************ / ******* / ********* ** *** ******* ********** ** ***** *******. * am ******* **** **** *** *** **** *** ** / when * *******.

Undisclosed 2

In reply to Undisclosed 1 | 10/20/15 02:04pm

** ****** **** ** *** ** **** *** ****** ** their ****** ****.

*** ********** ***** ** * ******* ****** ********, **** ****** for **** **** ******* ** * ******* ** * ****** market. **** ***** ***** ** ********* ** *** ****** ****.

*** ********** ***** ****** ***** ** ******* ********* ** ** some **** ** *** *******, * ******** ****** ** *** bottom ****.

*** ********** ***** **** **** ******* ******** **** *** ******** purchased *** ********** *** **** ** **** ** ****, ******* a ******** ****** ** *** ****** ****.

** *** ***, *'* *** **** **** ** ****** *******.

John Honovich

IPVM Admin | In reply to Undisclosed 2 | 10/20/15 02:12pm

** *** ******* ********** ***** ** ******** ********* ** ******** projects *** **** ********. *** **** *** **** ***** *** really ******.

Undisclosed 2

In reply to John Honovich | 10/20/15 02:17pm

* ***** **** ***** ****** ** **** *******.

**** ** ** ********* **** ** ****** ** *** ** products, *** ****/********* **** *** ** ***** ******** ** **** of ******.

*** ** ****** *** ***** ******* * ***** *** ******* company *** * ******* ********* ** ***** ******** ** ***** peers ** **** **********.

John Honovich

IPVM Admin | In reply to Undisclosed 2 | 10/20/15 02:21pm

"**** ** ** ********* **** ** ****** ** *** ** products"

******? ** *** **** ****** **** *** ******* ********** ****** to *** *********? ** ***** ************ ****** **** ****** ******* loyalty ** *** ******* *** ******* *** ***** ****.

"****/********* **** *** ** ***** ******** ** **** ** ******."

**** ** **** (****** ********* ** **** *******), ***** *** relatively **** *********.

***** *** ********* ***** ************ ************ *** ***** ** * huge ********** *****.

Undisclosed 2

In reply to John Honovich | 10/20/15 02:25pm

***** ***'* ****** * ** ******* ******.

*** *******, **, **** *******.

** ***************** *** **, *** **** **** *** *** * ** product **** ** ******** ** ***** ************ **** ** *** time. *** ** *** * *** ** ** *** **** government **** **** **** ***** ********** ** **** ** *** suppliers.

John Honovich

IPVM Admin | In reply to Undisclosed 2 | 10/20/15 02:38pm

* ** *** *** '* *** ** ** *** **** government' **** ** ****. *******, * *** '****' ** ** government ***** ****** **** *******, *** *******.

***'* ****** ** *** ******** *****. ** **** ********** **** either (*) ********* **** ** ********** ************ ********* *** ******* government **** ** (*) **** **** **, *** ** ** not *** ****** ** **** * ******** ****** ** ***** competitive ********?

Undisclosed 2

In reply to John Honovich | 10/20/15 03:03pm

** * *** ** *********, * ***** *** *** ******* government ***** **** ******** ****** ** *** ******* ******** ** much ** ********. * ***** **** ********* **** ***** **** those ******** ** **** **** * ********** ****** *** *********** company, ** ****'** *** ***** ** ** ******** **** ******, but **** *** ** *****.

***** *** **** ** *****, *** ***** *********** ******* ****** to **** ** *** ** ****** *** ***** ****** ********** (and *'* ****** **** ** **** ***** **** ************* *'** had **** ******* ********** ********* ***** ****) ** ****** ** reason **** *** ********* ******* ** * ****** ****. ** they ** ** **** *** * *** ** ********* ******* it ***** ****** **** *** * *********** ********* *******. ******* if *** *** * ************ ***** * ***** ******** ********** the ******** ** **** *&* ** ********** ***** ** ******** enough **** ** **** *** ******* ****** **** ******* *** other *********. **** ***** **** *** * ******* ******* ** do "**** **********" *******.

Undisclosed 1

In reply to Undisclosed 2 | 10/20/15 02:52pm

*** ********** ***** ** * ******* ****** ********, **** ****** for **** **** ******* ** * ******* ** * ****** market.

**** ***** ***** ******** **** **** ***** ******? * ******** agree **** *** **** *** ******** **** *** ***** *** of *** ***** ************, *.*. "**** ***** **** ** *** X", *** * *** ** ****** ** ****** *** ********** would *** ********** *** ****** ** ***** ********* ** ***** cases.

*** *** *** ********** ** *** **** ***** **** ** the ****, ******'* *** *****?

John Honovich

IPVM Admin | In reply to Undisclosed 1 | 10/20/15 02:54pm

"* ******** ***** **** *** **** *** ******** **** *** short *** ** *** ***** ************, *.*. "**** ***** **** on *** *"

** **** ** ****, ******* ***** ******* *** *******.

Undisclosed 1

In reply to John Honovich | 10/20/15 03:05pm

************.

Undisclosed 2

In reply to Undisclosed 1 | 10/20/15 03:11pm

**** ***** ***** ******** **** **** ***** ******?

*** ** ***** ** * ****** ***** ***** **** ***** prevent **** **** ***** ******. * ***** *** "****** ********" option ** *** ***** ******, * *** **** ******* ** as * *********** ** ***** *** **** ** ****** ***'* be **** **** *** ****** *** ********** ********* ****** *** on *** *******.

John Honovich

IPVM Admin | In reply to Undisclosed 2 | 10/20/15 03:15pm

"* ***** *** "****** ********" ****** ** *** ***** ******"

***** *** *** **** ******** ****** ***, ***** *** ******* government ** ********** ** ******* ********* ** **** **** ******* to *** *** ** *** *****'* ******** ************. **'* ************* possible, *****?

"** ****** ***'* ** **** **** *** ****** *** ********** ownership ****** *** ** *** *******."

***, *** ** *** **** *** **** ** ** **** likely *** ** ************** ** **** **** *****.

Undisclosed 2

In reply to John Honovich | 10/20/15 03:36pm

***** *** *** **** ******** ****** ***, ***** *** ******* government ** ********** ** ******* ********* ** **** **** ******* to *** *** ** *** *****'* ******** ************.

* ******* ** *** ***** ** ** ******** **** **** I *** ****** ** ***** ** **** **** *** ***** likely *********.

*)*** ********** *** ** **********, *** ** ******* ***** **.

*) *** ********** *** ** ********** *** **** ***** ********* power ** * ***** *** ** ********** ****** *** *******

*) *** ********** *** ** ********** *** **** ** ** gain ********* ***** *** **********.

***** *** ***** *********** **** ****** *********:

*) *** ********** *** ** ********** *** **** ***** ******** to **** *** ******* ** ****** ****** *** ************* *********

*) *** ********** *** ** ********** *** ********** *** ********* officers ** **** ******* *** ******** ** ******* *** *******.

*** ** **.

* ***'* *** *** ******* ******** ***** *** ********** ***** invest ** ********* *** **** **** ** ******* ****. * also ***'* *** *** *** **** **** **** **** ** initial **** ** ******** *****.

***, *** ** *** **** *** **** ** ** **** likely *** ** ************** ** **** **** *****.

****** **. ***** *** ****** ********** *****, * ***** ****** the ***** ** ** ******** ******** ** *********** *: ** can't ***** ********* *** ****** ** "***** **% ***** ** the ***** ** * ************ *********" ** ******* ** ***'* bottom ****.

Undisclosed 1

In reply to Undisclosed 2 | 10/21/15 03:53am

* ***** ****** *** ***** ** ** ******** ******** ** Undisclosed *: ** ***'* ***** ********* *** ****** ** "***** 50% ***** ** *** ***** ** * ************ *********" ** regards ** ***'* ****** ****.

* **** ***** ****** **** ***** ** ****. ** ***'* fully ****.

*** ** ***'* ****** **** '*****' **** ** *** ** unlikely ** *** * **** ** ***** */* *** "*** Favoritism".

***** **** ***'* ***, **'* ******* ** ******** *** *************, much ** *** ***. *** *** **, **'** **** ***** the **** *****. **** ********** ** *** **** ******* ** weight **** ***** ***** ********* ******* *** *****-** **** ***** at **** *****.

*** * **** ***** ** ***** **** '**** ** *** bone' *****. ***** ***** ** *** ******* ****, *****. ******** many ******* **** **** ******* ** ** **** ***** ********* could ** ***** ** ******* ***** *** ******* ** **** Hik, *** **** ** **** **** *****'*. ** ** ****** else ** *** ********, *****, ******* ** **** ***'* ******. Not **********, *** ********* ********** ** *** *** ********** ********.

****, * ***** **** ****** ******** '******* *** ****' * bit **** **** '*****' ***********. **** ** ********** ***** **** may *** ** *****.

****, *** **** ****** **** *** ******* ********** ***** *** be ******* *** ** ******* ****'** ******* ** ****** ******, not ******* ** **** **** ** ***** ******* ** ************.

*******, * *** *** ** ******** *** * ********** ***** even ** ******* ** *** * *********** ***** ** * private, ********** *********** ** *** ***** *****.

**** ** * *** ********* **** **** **** ** ********* rules **** *****, **?

Undisclosed 3 Manufacturer

| 10/21/15 09:17pm

** **'** **** * **** **** ** ******* ****** ****** for ** *******/****/** ****** ** *** **** ****, *** * would ******* **** *** ** * *****/** *** *** ***** force ****** **** ****, **** ****** ******* **** *** ******** Chinese ******* *** ******** **/****** ****** ** ** *********** ***? Basically *** ** ******* ***** ** ** ***** **** ** gain ****** *****?

** ********** ***** ** *** ************* **** ******* ******* ** the **** **'*. *****/******* ******* ****** ***** **** ** ***** Micron/Texas *********** *** ** *** ******.

******** **** *** ******** ****?

John Honovich

IPVM Admin | In reply to Undisclosed 3 Manufacturer | 10/21/15 09:21pm

*, ** *** * ********** ** **** ***** ****:********* '******** *** ******'

* ***** *** *** ** ** '*******' (*** ****** ******** for **** ****** * *****) *** **'* ****** ******* * focus ** ****** *****, ****** ************ *****. ***** *** *** they ******* *** ** *****, * ***** ****** *** **** doing **** *** * *** *****, ***** ***** ***** * lot ** ******* ************* ***. * ** *** **** ** that ** ***** **** ** *** ** ***** **, **** a *********** ********, ** ********* ***.

Undisclosed 4 Manufacturer

| 10/23/15 12:57pm

****,

*'** ** ***** *** **** ***.

"**** **** ********* ***** ** ********* **** ** ******* ********** *** ******* ****** *** *********'* role."

**** **** ** **** ** ******* **** ** **** ** he ***** **** ** **** * *** ** *** **** me ** *** ****.

Greg Thornbury

| 10/23/15 06:20pm

** **** **** *** ********* **** **** ********* *******, *** over *** ******, **** * ******* **** **** *** ******* government **** * **** ** *** ***** **** ****?

**, **, *'** *** **** ** ******* *** *** *** go **** ** **** ***.....

:-) ****

Undisclosed 1

In reply to Greg Thornbury | 10/23/15 07:45pm

...********* *******, *** **** *** ******, **** * ******* **** lets *** ******* ********** **** * **** ** *** ***** they ****...

* *** ******** *****, ***** ******* * ****** ****** **** will ** ****** ** ****** ** ****** **** ********.

John Honovich

IPVM Admin | 04/13/16 12:42pm

Update: **** ********

**** *****'* ******** ******* *******, *** ******** ****** ** *** growing ****** **** ********.********* ** *****'*, "******** ***** **** ** **% ****** ** *** *******'* ********* in *** *****- *** ******-***** ********** ******* *** *** ***-**-*** end ******. ************* ***** **** ** **%"

******* ************* ***** *** ******* ******, ******** ***** *** ***** 73.7% ** *********'* ***** *******. **** ***** / ******** **** change ** **** ** ******** ***** ****** ********* ** ****.

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