The portable hidden camera detection devices market size is expected to reach over US$ XX million by 2028. Increasing adoption of technologically advanced products, along with growing concern about security & privacy issues, are key factors in the growth of the market for portable hidden camera detection devices. The market report for portable hidden camera detectors also indicated that the market size was valued at US$ XX million in 2019 and is likely to show a compound annual growth rate (CAGR) of 9.3 per cent during the 2020-2028 forecast period.
Market Trends
The increased demand for portable hidden camera detection devices in untapped markets is one of the key trends observed by Alchemy Research and Analytics LLP in the coming years. As per our extensive secondary and primary research, demand for portable hidden camera detection devices is growing rapidly in untapped markets such as India, Brazil, China, and others as the global market for portable hidden camera detection devices is expected to see growth over the coming years.
Market Drivers
The major factors which are driving the growth of the portable hidden camera detection devices market are the increased product launches by market players along with rising cases of mms videos worldwide. For instance, in October 2019, Lonove introduced a new hidden camera detector. The newly introduced product is super high sensitivity adjustable, multi-function with 3 detection modes, high sense of security in your life, easy to use & carry, and others.
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Market Challenges
The portable hidden camera detection devices market challenges are the low awareness for these devices. Alchemy Research and Analytics observed that the low awareness of portable hidden camera detection devices is one of the key market restraints for global market growth.
Segment Insights
Based on the distribution channel, the market for portable hidden camera detection devices is categorised as online and offline. In 2019, the offline category accounted for the largest market share in the global market for portable hidden camera detection devices. The offline category has more than 60% of the market share of revenue in the same year. This is attributed to increased retail outlets worldwide. On the other hand, it is estimated that the online category will see the fastest growth in the coming years. This is mainly due to the e-commerce industry and the growing online sales website launched by key market players.
Regional Insights
North America accounted for the largest market share in the global market for hidden camera detectors in 2019 and accounted for more than 40% of the market share of revenue in the same year. Increased awareness of these devices, along with early technological adoption, are key factors for regional dominance. The U.S. accounted for the highest market share in the North American market for hidden camera detection devices in 2019 due to the presence of key market players and growing concern over safety and security issues.
The Asia Pacific region is estimated to witness the fastest growth during the forecast period in the global portable hidden camera detection devices market. This is ascribed to the growing cases of mms videos along with rising awareness for these devices among individuals. India is presumed to witness fastest growth in the Asia Pacific portable hidden camera detection devices market in the years to come.
The increasing concern over safety & privacy
Increasing concerns about security & privacy issues, along with the growing adoption of technologically advanced products, are key factors in the growth of the market for portable hidden camera detection devices. In addition, growing problems with hidden cameras in changing rooms, theatres, washrooms and others are another key factor in increasing demand for portable hidden camera detection devices on the market during the forecast period. However the lack of awareness of these devices is one of the key constraints in the growth of the global market.
Rising demand from developing countries
The growing demand for portable hidden camera detection devices in emerging countries such as India, China, Brazil, and others another key reason presumed to enhance the global portable hidden camera detection devices market growth in the years to come. Moreover, the rising awareness for detection devices along with increased product launches by key market players are some other key factors for the global portable hidden camera detection devices market growth. For instance, in June 2019, SPY Associates introduced SpyFinder Pro Hidden Camera Detector. The newly launched product had numerous features including find wired & wireless cameras, find all hidden camera lenses, find analog or digital cameras, detects upto 45 feet away, and others.
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Alchemy Research and Analytics LLP has observed the impact of the ongoing COVID‐19 pandemic on the market for portable hidden camera detection devices in 2020 and 2021. The COVID-19 pandemic has had a serious impact across a wide range of industries and has led to disruptions in the supply of finished goods and raw materials. This has put a brake on the enormous growth trajectory of world GDP over the last decade. World GDP rose by around 32% in the previous decade, reaching US$87.26 trillion in 2019, is now estimated to see rapid declines in demand and fears of recession worldwide. In addition, in order to overcome the pandemic situation of COVID-19, governments around the globe have imposed a complete or partial lockdown in their country resulting in a stoppage in the manufacturing sector and a serious blow to the economy of the country. As per our extensive secondary and primary research, the demand for portable hidden camera detection devices has decreased during the COVID-19 period owing to lockdown across the globe.
Key Manufacturers Aim to Enhance Their Portfolios by Partnerships
According to Alchemy Research and Analytics major market players in the stock images and video market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The portable hidden camera detection devices market is highly fragmented.
Alchemy Market Research lists out the names of key market players in the portable hidden camera detection devices market. They are as follows:
- KJB Security Products, Inc.
- Spy Associates
- Mic Lock
- Inno Tech
- Sherry
- JMDHKK
- Ehomful
- LONOVE
- HOHOPROV
- Manfiter
- Korkuan
A Significant Industry Development-
- In July 2019, Korkuan introduced a new detector called Wattne Anti-Spy Detector. The newly launched product is introduced with an artificial intelligence model and can protect your privacy much more effectively at any time. Detection of Ai – can automatically identify, classify and record a hazardous signal. Prevent eavesdropping, candid photos and personal privacy leakage. AI LED Display – Can quickly and precisely locate the source of the signal. Can detect the position of the Hidden Cameras, Audio Bugs and GPS Tracking Device in just a few minutes.
Further Report Findings-
- The Asia Pacific region is presumed to witness the fastest growth in the years to come due to growing changing room scams along with rising awareness for hidden camera detection devices in the region.
- In 2019, North America accounted for the largest share in the global portable hidden camera detection devices market owing to early technological adoption along with rising security and privacy concerns among people in the region.
- Based on range, the portable hidden camera detection devices market is bifurcated into short and medium & long. The short category dominated the global market in 2019 and had a share of more than 60% global portable hidden camera detection devices market revenue share in the same year. The low cost of short range devices is the key factor for category dominance.
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