The world market for closed circuit television (CCTV) and networked visual security is likely to recover quickly during the this year, thanks to high-definition (HD) optoelectronics, according to new figures.
A report by IMS Research, entitled The World Market for CCTV and Video Surveillance Equipment - 2010 Edition, stated that the introduction of HD network cameras featuring optoelectronic components is in part likely to hasten the migration towards networked video surveillance.
Gary Wong, the author of the document, said: "Whilst the economic downturn did impact the global video surveillance equipment market in 2009, fiscal stimuli from governments and the inherent demand for video surveillance equipment mitigated the magnitude of the impact."
However, he said the strong growth of networked video surveillance would boost the outlook for the sector.
IMS Research supplies detailed market forecasts to the global electronics industry and publishes hundreds of reports each year, with clients in 40 countries.