Megapixel Market Growth Examined

By John Honovich, Published on Dec 08, 2009

Megapixel is the fastest growth market segment in video surveillance. The recent entrance of dozens of manufacturers has grown the market and reduced the dominance of early entrances.

In December 2009, Mobotix announced that it now has about 40% of the worldwide megapixel market (according to IMS study of 2008 revenue). While this is a significant percentage, it is down sharply from the previous year's study where Mobotix claimed an approximately 60% share of this market (in 2007 revenue). This is despite an approximate 25-30% growth in Mobotix's revenue between 2007 and 2008 (see annual revenue breakdown for Mobotix from 2006-2009).

Given that 2008 Mobotix's revenue is approximately $60 Million, this place the total 2008 megapixel market at about $150 Million. Since Mobotix's 2007 revenue was approximately $45 Million, this implies a doubling of the global market for megapixel cameras from about $75 Million in 2007.

With Mobotix going mainstream, it is almost inevitable that Mobotix's market share will shrink. This is simply because of the marketing power of the incumbent vendors (whether it is Axis, Bosch, Sony, etc.) who are rapidly expanding their megapixel camera lines. Moreover, Mobotix growth rate continues to decline with Q3 2009 revenue almost flat compared to a year ago. This will result in Mobotix's megapixel market share declining significantly again in 2009.

While megapixel revenue growth will clearly be substantial in 2009 (at least 50% but possibly over 100%), the growth will be more broadly distributed and harder to measure. In the past, simply adding up the revenue for a small number of companies (Mobotix, IQinVision, ArecontVision, Lumenera, etc.) provided a fairly good estimate of the overall market.

While it is almost certain that all the incumbent megapixel manufacturer's growth rate fell in 2009, this is likely be to offset by the growth of new entrants. Now, with literally 25 manufacturers (and growing) offering megapixel, determining the market size is going to be much harder. Nonetheless, our conversations with manufacturers indicate that megapixel is growing rapidly and for many manufacturers, hard to keep in stock (though still a small part of overall revenue for incumbent manufacturers).

Comments : Members only. Login. or Join.

Related Reports

Directory Of 150 Video Analytics Suppliers on Dec 17, 2019
This directory provides a list of video analytics providers to help you see...
Sony 61MP Surveillance Sensor Examined on Sep 04, 2020
For a decade, the highest resolution single-imager surveillance cameras have...
Genetec Stratocast VSaaS Tested on Sep 05, 2019
The VSaaS market is rapidly expanding in 2019, with Verkada, Meraki, Eagle...
Camera Resolution Usage Statistics 2020 on Mar 12, 2020
The average resolution used, for new cameras, is now 4MP, according to new...
Megvii Financials and Growth Examined on Aug 30, 2019
Megvii has already received more than a billion dollars in investment. Now,...
The Future of H.266 For Video Surveillance Examined on Aug 17, 2020
First H.264, now H.265, is H.266 next? H.266 was recently announced amid...
Access Control and Video Integration Statistics 2020 on Oct 08, 2020
Video Surveillance and Access Control are two of the most common security...
Top Manufacturers Gaining and Losing 2019 on Nov 18, 2019
2019 has been an explosive year for video surveillance, with the world's two...
Color Low Light Mega Camera Shootout - Avigilon, Axis, Bosch, Dahua, Hanwha, Hikvision, Panasonic, Speco, Sony, Vivotek on Nov 12, 2019
This is the biggest color low light shootout ever, testing 20+ super low...
2020 Video Surveillance Cameras State Of The Market on Jan 03, 2020
Each year, IPVM explains the main advances and changes for video surveillance...
Multilaser / Giga Security Brazil Company Profile on Oct 05, 2020
As part of our expanded Latin America coverage, IPVM is profiling regional...
IP Camera Browser Support: Who's Broken / Who Works on Dec 10, 2019
For many years, IP cameras depended on ActiveX control, whose security flaws...
Directory of 97 Video Surveillance Startups on May 20, 2020
This directory provides a list of video surveillance startups to help you see...
AI Video Surveillance (Finally) Goes Mainstream In 2020 on Sep 03, 2019
While video surveillance analytics has been promoted, hyped and lamented for...
Video Surveillance History on May 06, 2020
The video surveillance market has changed significantly since 2000, going...

Recent Reports

VICE Investigates Verkada's Harassing "RawVerkadawgz" on Oct 26, 2020
This month, IPVM investigated Verkada's sexism, discrimination, and cultural...
Six Flags' FDA Violating Outdoor Dahua Fever Cameras on Oct 26, 2020
As Six Flags scrambled to reopen parks amid plummeting revenues caused by the...
ISC Brasil Digital Experience 2020 Report on Oct 23, 2020
ISC Brasil 2020 rebranded itself to ISC Digital Experience and, like its...
Top Video Surveillance Service Call Problems 2020 on Oct 23, 2020
3 primary and 4 secondary issues stood out as causing the most problems when...
GDPR Impact On Temperature / Fever Screening Explained on Oct 22, 2020
What impact does GDPR have on temperature screening? Do you risk a GDPR fine...
Security And Safety Things (S&ST) Tested on Oct 22, 2020
S&ST, a Bosch spinout, is spending tens of millions of dollars aiming to...
Nokia Fever Screening Claims To "Advance Fight Against COVID-19" on Oct 22, 2020
First IBM, then briefly Clorox, and now Nokia becomes the latest Fortune 500...
Deceptive Meridian Temperature Tablets Endanger Public Safety on Oct 21, 2020
IPVM's testing of and investigation into Meridian Kiosk's temperature...
Honeywell 30 Series and Vivotek NVRs Tested on Oct 21, 2020
The NDAA ban has driven many users to look for low-cost NVRs not made by...
Ubiquiti Access Control Tested on Oct 21, 2020
Ubiquiti has become one of the most widely used wireless and switch providers...
Avigilon Aggressive Trade-In Program Takes Aim At Competitors on Oct 20, 2020
Avigilon has launched one of the most aggressive trade-in programs the video...
Mexico Video Surveillance Market Overview 2020 on Oct 20, 2020
Despite being neighbors, there are key differences between the U.S. and...
Dahua Revenue Grows But Profits Down, Cause Unclear on Oct 20, 2020
While Dahua's overall revenue was up more than 12% in Q3 2020, a significant...
Illegal Hikvision Fever Screening Touted In Australia, Government Investigating, Temperature References Deleted on Oct 20, 2020
The Australian government told IPVM that they are investigating a Hikvision...
Panasonic Presents i-PRO Cameras and Video Analytics on Oct 19, 2020
Panasonic i-PRO presented its X-Series cameras and AI video analytics at the...