The research estimates the defense budget for the U.S. intelligence, surveillance and reconnaissance video analytics market will decline from $1.2 billion in 2012 to $837.5 million in 2018 as the federal government withdraws military forces from Afghanistan in the next few years, Frost & Sullivan said Thursday.
“The vast amount of video analytics equipment used in Iraq and Afghanistan to warn troops of impending threats and allow them to locate targets will soon return to the U.S.,” said John Hernandez, Frost & Sullivan aerospace and defense senior industry analyst.
“Converting these tools into useful assets that can protect the homeland will open up lucrative opportunities in the commercial sector,” Hernandez added.
The growing number of unmanned vehicle systems is also expected to change the collection of ISR videos.
Frost & Sullivan’s report identifies three video analytics market challenges such as limited bandwidth, changing data encoding standards and scarce data storage.
Hernandez added the number of cameras, image resolution, compression type and ratio, frame rates and scene complexity as key barriers to the market.