Huawei - China’s biggest networking gear and smartphone maker - plans to become one of the top three global video surveillance manufacturers in the next 3 to 5 years, it has announced at a conference in China.
Huawei is effectively saying that they will become bigger than every video surveillance manufacturer except for Hikvision and Dahua, even leapfrogging Axis Communications who does more than $1 billion in annual revenue.
However, with scrutiny of Chinese video surveillance at an unprecedented high due to cybersecurity and human rights issues, Huawei’s expansion is far from certain. Indeed, Hikvision believes that Huawei will quit the video surveillance market in a few years.
In this note, we examine:
- What Huawei announced for video surveillance
- How Huawei overall compares to the video surveillance market and large manufacturers like Hikvision and Dahua
- Why Huawei sees opportunity in video surveillance
- What Huawei plans to offer in video surveillance
- How Chinese government spending could help
- Where Safe Cities could help
- What challenges they face in US and Australia
- Why Hikvision believes Huawei will quit in a few years
- What threat Huawei poses to Dahua and Hikvision