Apollo Video Technology, a leading manufacturer of mobile video surveillance and fleet management solutions, has been named the transit bus market leader in the Americas in the 2017 edition of the Mobile Video Surveillance and Body Worn Cameras Report. Apollo Video has maintained its position as market leader in the Americas since 2010. The report released by IHS Markit, a global business information and analytics provider, ranks companies based on annual sales revenue.
With the ability to offer low prices without compromising on technical specs, Chinese manufacturers of consumer video surveillance devices will outpace their US peers if market share boils down to a simple price war. US manufacturers of consumer video surveillance equipment risk losing market share to their Chinese counterparts, which have able to compete on price without compromising on technical features. Chinese video surveillance equipment makers accounted for some 5 percent of US market revenue last year, but high demand and supply in the China market could prove a “ticking time bomb” for US players, said Jimmy Dearing, IHS Markit’s residential security analyst.