Hikvision's $800 Million Project Expansion into System Integration Examined

Author: John Honovich, Published on Dec 15, 2010

In this note, we review Hikvision's $800 Million Project Announcement and share information from an interview with Hikvision. While project wins are generally uninteresting, $800 Million is a huge amount of money for the video surveillance industry.

Let's start by reviewing the basics of the project:

  • **** ** * **** **** ******* *** *** ************ ***********(******* ** *** ********* ** ***** *** ****** **** ** Million ******).
  • *** ******* ** ********* *** *******/************ ******* **** *** ****
  • ********* ** ****** ** *** ******* ********** *** *** ***** project, *** **** ** *** ************/******* ********

**** *** **** *** ******* ** ******** **** ********* ** Hikvision:

  • ***** ********* *** ************* * ************ **** (*** ****** ********** like****), ********* *** ********. **** ****, "** ********* ** *********** in *****, *** *** ******* ***** ** ** ****** ******* over *** ***** ** *** *** ***** ********* *** ****** around *** *******, ** **** ****** ** ********* ** ** more **** ******* *********. **** *** ******* ** ** *** China ******, ** **** ** *** ********* *********** *** ********, the ******* ******* ** **** ** ********* ******* ********** ******** on ******** *** ******** ********* ******/**********." ******* ** *****, ********* notes **** ******** *** *********** ******** ** ******* ******** ******* distribution *** ****** ***********.
  • ********* ******** **** *** $*** ******* ** ******* **** ** to ***** *******. **** * * **** ******, **** *** add $***+ ******* *** ****. **** ** * **** *********** revenue ***** (**** ******** ** ******** ********* *** *********'* *** revenue - *.*., ************* ******* *** $*** **********).
  • ********* ********* *** ************'* ********* ** ***,*** ***** ************ '******'. The **** ****** ****** ** ***** ***** ******* **** ** installed ** *** ***** ****** ** ******* ******** **** ** significantly **** **** ***,***.
  • **** ***** ***** ** ** ****** *** *** ** *********, Hikvision *****, "***** ** ********* ***** *********** ********, ********* *** technologies, ** ** ******* **** *** ********* **** ** ********* will ** *****-**-***-*** ******** *** ************."

**** ******* ** ** **** **** *** ********* *** ******* signals *** *********** ** *** ***** ************ ******. *** **** question ** ****** *** ** ** *** ** ******* *** focus *** ***** ** ********* **** ***** ******* *** ****. Even ***** ************* **** **** *** ****** **** ************ ********** with **** **** $*** ******* ******* *** ****. ***** *********'* low ****** ********* *** **************** ** ******* ******, **** ********* have *** ********** ** ********* ** ******** *** ******* ******* of *****? ********** ** *** *******, ** *** ******* ****** growth *** *********'* ******* ** *** **** ** ********, ********* is ****** ** ** ***** ****.

Hikvision's ******* ********* ********

** ** ******** **, ****, *********'* ****** ************** ** *****$*.* ******* *** (** ******* ****). ** ******* * ***** ** ********** **** ** * times ********* *** ** ****(***** $*.** ******* ***). [****:********* ******* *** ****.]

** * ******** ****** *******, *********'* ********* ******* *** *** publicly ********* ** ********* ******* ********* ***** ******* (** *******).

******* ******** * ******** ** ****, ******* ** ** **% ** ************* $*** ******* ***. Hikvision ** ** **** ** ** $*** - $*** ******* revenue ** ****.

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