Hikvision Trumpets Global Dominance

Author: John Honovich, Published on Jun 26, 2013

The surveillance industry is defined by its deep fragmentation, with hundreds, if not thousands of manufacturers, but no single dominant force. But now, Chinese mega-manufacturer Hikvision is trumpeting its 'continual dominance', listing its position in 10 categories. In this note, we break down these and explain what is driving Hikvision and what it means to the rest of the industry.

The $11 Billion Company

************'** ** ****** * ********* ** ~$* ******* ***. *****, ** *** risen to ~$** ******* ***, ****** ** * ***% ******** ** revenue **** **** ** **** (~$*** ******* *** ** ~$*.* Billion *** ****** *******). ********, *** ******* ****** ** * staggering ** ******* (** **********, ******** '****' ****** ** ~** revenue ******* *** ****** ***-**).

*********, ********* ** ********* **********,********** *** ******** ~$*** ******* ** *** ~$*.* ******* ** *****, *** an ********** **% *** ******. *** **********, ****, * ***** profitable ******* ** ***** *********, *** * *** ****** ********** of ******* **** ****.

Market ********

** ************ ******, ********* ***** *** ***/*** ********:

********* **** ********** *** *** ***** ** *** ****** ************ market ****** **** *.*% ** *% **** **** ** ****. This ** ******* ********* ********* ******* ** ~**% ($***+ ******* USD) ***** *** **** ** *** ******** ******* *** ********** flat.

*** *** **** ********* **** *** * ***? ;) *********, though, **** *** *** ** *** *** * ********. ***** that *** ********* **** ******* ** ~$*** *******, ** ******* Hikvision **** **** $** ******* ** *** ******** ** ****.

**** *********, * ******* **** ***** *** ******, ** ********* generating **** ** ****** ***** **** ****** *** **** ***.

The ***** ******

***** ******* *** **** ******* **** ******** *** *** ***** market ******. ********* ** *** ** * *** ******* ******** companies ********** **** **** ************ ******** ******* ******** ** ******** each (*.*.,*********'* $*** ******* **** ****). ******, ********* ************ **** **** **% ** ***** ******* comes **** ****** *****, **** ** ****.

*****'* ** ********** ** ***** **** ************ ********, **** ** their ******* **** *** ************ ********* *** ******** *********. ** other ************ ************ ** *** ***** ******* *** ********* **. 

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

Hikvision ******** - **** ** ***?

*********'* ******** *** ********* ***** *** **** *** ***, ** any ***, **************. *** ********, *** *** ***** ***********'* ***** **** ** ***** *** ** ******. **** *** ***********, **** ** ***** ** ******** *** pricing. *******, **** *** ******* ** ***** *******. *****'* ** critical '************ ********' ********* ** ****** **********. *** **** *** below ******* ** ********* *************** (******** ** ************* / *** Chinese *********).

**** ********* *** **** ** *****, ******* ********* ** ***** Chinese ************ *********, ** ***********. *******, *** ******* **** **** go ** *** ** *** ******** ***** ****** ***** **** (which ***** ******** ** ** *******) *** ** ** **** to *** *** **** ***** **** ******** ***** ** *********** that ** *** **** ** *** ***** (**** ** **** *** *****).

Comments (12)

I just bought 6 3mp cameras and an 8 channel DVR. I'll post my thoughts after I review it. First impression is that $199 per 3mp, day/night ir camera even if average is better then Axis.

Josh, looking forward to it. Both Hikvision and Dahua are ramping up sales of super low cost MP internationally. While we have done tests of Hikvision before, we are going to release our first Dahua test next month.

The information I'm hearing within China about HikVision's quality is less impressive than one might expect. In fact lately we're seeing RFQ's coming from China that call for UL, specifically to eliminate low-quality Chinese manufacturers from the bidding, or else to force those manufacturers to improve their product quality.

It's also important to note that being succesful within China is largely an incestuous process, involving tight relationships with government officials, payoffs and kickbacks. It's well understood in most industries that in order to penetrate the Chinese market you must adapt to this environment.

Regardless, being successful to a captive audience in your rather large home country does not give you "Global dominance"

So Hikvision has a UL listing or no?

I don't believe so, but I cannot confirm that right now. Certainly, 99.9% of Chinese brands do not go through UL.

Had a distributor one time talk me into trying the Hikvision line for a small 10 camera system. While the price was good, the install time took three times as long thereby negating any savings. That was the last time we used Hikvision, also because of the non-UL listing, we try not to take chances with inspectors here in the greater Puget Sound area.

[IPVM Editor Note: Poster is from Hikvision]

Most, if not all, Hikvision Products are UL/cUL listed.

Bob, then this must only apply to their products they sell outside of China, because I've heard that their products sold within the region are not UL listed.

But thank you for confirming that at least some of HikVision's cameras are UL.

It is my understanding the Hikvision is partially owned by the Chinese government. Surely this would skew the figures even more for their in-country sales?

I have had some exposure to Hikvision as a distributor and found the product adequate for small installations where bandwidth and storage aren't critical. Image quality doesn't compare to Axis or Sony nor does bandwith and file size. The Hik NVR's also had issues where by the recording resolution reduced as more cameras were added. I'm unsure whether this has been recitified recently.

Hikvisions edge is purely in its price point, certainly not in quality or features.

Andy, I believe a lot of the big China companies have deep government connections, including significant shares held by government owned banks (I recall this being the case going through Hikvision IPO docs).

Yes, that connection likely helps greatly.

That said, the product has gotten better. The 2011-2012 offerings are drastically better than the terrible IP offerings from before then. That does not mean it's better than Axis or Sony, it's just much closer now.

Andy- the new NVRs do not have that issue any more. Each unit has a total input bandwidth that can be flexibly applied to each IP camera. Cameras up to 5MP are supported. So with total input bandwidth, each camera has independent resolution, frame rate and image quality setting.

Dear John - First I want to thank you for your good website and some fantastic test. I would like if you could make a test with vandal domes 1080P and inclute a wide range of products, so we are able to understand how big the differance is between the manufactures . Please inclute Hikvision DS-2CD7255F-EIZ, Dahua IPC-HDBW3202 and other top models from other manufactures. Thanks

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports on China

Network Cable Shootout - Belden, Commscope, Hikvision, Honeywell, NavePoint CCA, Windy City Wire on Dec 17, 2018
Every IP camera install needs UTP cabling. But how much of a difference is there between dirt cheap generic cables found online and the bigger,...
Hikvision Government Parent Holds Communist Party Congress on Dec 17, 2018
The Communist Party committee of Hikvision’s government parent, CETHIK, held a Party Congress earlier this month where senior executives, including...
Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Huawei Hisilicon Quietly Powering Tens of Millions of Western IoT Devices on Dec 12, 2018
Huawei Hisilicon chips are powering, at least, tens of millions of Western IoT devices, such as IP cameras and surveillance recorders, a fact that...
Infinova's Xinjiang Business Examined on Dec 07, 2018
As pressure mounts for companies to stop doing business in China’s Xinjiang region amid a severe human rights crisis, IPVM has found Infinova sold...
Dahua Car Startup Raises $290 Million But Questions Abound on Dec 03, 2018
Dahua’s electronic car startup LeapMotor raised $290 million in funding this year, it said in an announcement. However, this news raises questions...
Evidence of Dahua's Involvement In Xinjiang Surveillance on Nov 28, 2018
IPVM adds new details about Dahua’s activities in Xinjiang, a Chinese region where mass surveillance used to facilitate grave human rights...
Pressure Mounts Against Dahua and Hikvision Xinjiang Business on Nov 19, 2018
Pressure is mounting against Hikvision, Dahua, and other companies operating in Xinjiang as an international outcry brews against the Chinese...
Directory of Video Intercoms on Nov 13, 2018
Video Intercoms, also known as Video Door-Phones or Video Entry Systems, have been growing in the past decade as more and more IP camera...
Chinese Government Increases Hikvision Ownership on Nov 12, 2018
The Chinese government - Hikvision's controlling shareholder - is increasing its ownership of the video surveillance giant amid sharp stock price...

Most Recent Industry Reports

ACRE-Acquired Open Options Access Company Profile on Dec 17, 2018
Who is the company ACRE is acquiring? In this note, we examine Open Options line for best customer fit, key features, pricing, and main...
Open Options Acquired By ACRE on Dec 17, 2018
ACRE is doing deals again. A year after they sold Mercury, they are buying another access control company - Open Options. In this note, we...
8MP / 4K Fixed Lens Camera Shootout - Dahua, Hikvision, TVT, Uniview on Dec 17, 2018
8MP / 4K fixed lens models are now common in lower cost lines, with nearly every Chinese brand and their OEMs now offering multiple options. To...
Network Cable Shootout - Belden, Commscope, Hikvision, Honeywell, NavePoint CCA, Windy City Wire on Dec 17, 2018
Every IP camera install needs UTP cabling. But how much of a difference is there between dirt cheap generic cables found online and the bigger,...
Hikvision Government Parent Holds Communist Party Congress on Dec 17, 2018
The Communist Party committee of Hikvision’s government parent, CETHIK, held a Party Congress earlier this month where senior executives, including...
Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Cisco Meraki New Cameras and AI Analytics on Dec 14, 2018
Meraki has released their second generation of video surveillance with 3 new cameras, AI-based video analytics, and 2 cloud-based storage...
Foolish Strategy: OEMing Facial Recognition on Dec 13, 2018
Almost as 'hot' as face recognition marketing right now is OEMing facial recognition. Last year, they were a who's who of company's with...
DVR Examiner - Video Recovery from Recorder Hard Drives on Dec 13, 2018
Bypassing passwords and long download times on-site, DVR Examiner collects and organizes video evidence directly from a hard drive extracted from...
2019 Access Control Book Released on Dec 12, 2018
This is the best, most comprehensive access control book in the world, based on our unprecedented research and testing has been significantly...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact