Iveda Expands Egyptian Localization Strategy with Major Manufacturing Partnership for Advanced 360-Degree Camera Technology
Iveda® (NASDAQ: IVDA), a global leader in cloud-based AI video analytics technology, has announced a significant expansion of its localization strategy in Egypt through a groundbreaking tri-lateral manufacturing partnership. This collaboration brings together the Arab Organization for Industrialization (AOI), one of Egypt’s premier industrial institutions, and ZeroTech, a leading Egyptian security technology developer. The partnership marks a pivotal step in Iveda’s efforts to localize advanced technology production in Egypt, following the recent transfer of VEMO Body Cam manufacturing to the region.
Under this new initiative, AOI and ZeroTech will begin local production of Iveda360, Iveda’s cutting-edge 360-degree smart surveillance camera designed for real-time AI video analytics. Unlike earlier generations of 360-degree cameras that often suffer from image warping and distortion, Iveda360 delivers true-to-environment, anti-warp imaging, ensuring accurate AI detection from every angle. Its immersive navigation feature—comparable to exploring a space in first-person view on Google Maps—provides unparalleled situational awareness from a single device, making it a game-changer for modern security systems.
Tapping into Egypt’s Booming Security Camera Market
Egypt’s CCTV camera market is projected to reach USD 582 million by 2033, driven by increasing demand for advanced security solutions across critical sectors such as schools, hospitals, prisons, transportation hubs, and airports. Within this broader market, the 360-degree camera segment alone is expected to grow from USD 14.28 million in 2024 to USD 76.31 million by 2033. Iveda’s local partners anticipate strong nationwide adoption of the Iveda360 platform, which is poised to revolutionize visibility and enhance smart security infrastructure across the country.
By transferring its advanced American technology to AOI and ZeroTech’s facilities, Iveda aims to capture a significant share of this rapidly expanding market. The company also plans to pair locally manufactured devices with recurring software and services revenue powered by its AI video analytics platform, creating a sustainable long-term revenue stream.
“This new Iveda360 manufacturing partnership is about more than just producing cameras—it’s about building a long-term revenue engine in a market that’s growing quickly,” said David Ly, Founder and CEO of Iveda. “With AOI’s manufacturing expertise and ZeroTech’s technical leadership, we are localizing high-value products like Iveda360 to meet regional demand today, while also positioning Egypt as a strategic export hub for tomorrow. This is the next phase of our localization strategy in Egypt, and we are already exploring how the same model can extend beyond security systems into other categories of connected technology that impact people’s everyday lives across the region.”
Strategic Collaboration with AOI and ZeroTech
AOI Electronics, a division of one of Egypt’s most influential industrial organizations, brings decades of experience in high-level electronics manufacturing. ZeroTech, one of Egypt’s earliest and largest surveillance technology firms, will play a key role in technology integration, calibration, and quality assurance for the mass production of Iveda360. Together, these partners form a robust foundation for scaling production and ensuring the highest standards of quality.
General Ashraf, an Advisory Board Member of Iveda based in Egypt, emphasized the broader implications of this collaboration. “By combining Iveda’s technology with our Egyptian partners’ production capacity and channel relationships, we see a clear path to unlocking multi-million-dollar opportunities in both domestic deployments and export projects across Africa and the Middle East,” he said.
Positioning Egypt as a Regional Hub for Technology Manufacturing
Beyond serving Egypt’s internal demand, the partnership is strategically designed to support regional exports, leveraging Egypt’s industrial base and strategic geographic position. The Middle East and Africa video surveillance market was estimated at USD 4.32 billion in 2024 and is expected to reach USD 5.71 billion by 2029, underscoring the immense regional revenue potential. By localizing production and fostering export capabilities, Iveda, AOI, and ZeroTech are not only addressing Egypt’s needs but also contributing to the broader technological advancement of the region.
This announcement strengthens the multi-phased strategic partnership between Iveda, AOI, and ZeroTech, further solidifying Egypt’s position as a regional hub for next-generation surveillance and AI technology manufacturing. The collaboration represents a forward-thinking approach to localization, aligning advanced technology with regional expertise to drive economic growth and innovation.
A Vision for Broader Technological Localization
The success of this initiative lays the groundwork for Iveda’s broader localization strategy in Egypt. By demonstrating the viability of localized production for advanced surveillance technology, the company is exploring opportunities to expand into other categories of connected technology that touch people’s everyday lives. From smart city solutions to IoT-enabled devices, the potential applications are vast and varied.
As Egypt continues to invest in its industrial and technological capabilities, partnerships like this one highlight the transformative power of collaboration between global innovators and local leaders. By tapping into Egypt’s fast-growing security camera market and leveraging its strategic advantages, Iveda is not only meeting current demand but also paving the way for future advancements that will benefit the entire region.
About Iveda Solutions®
Iveda (NASDAQ: IVDA) is a global provider of cloud-based AI search and surveillance technologies that protect people, places, and assets worldwide. Leveraging IoT platforms, smart sensors, and AI, Iveda empowers cities and organizations to undergo digital transformation and seamlessly transition into the fifth industrial revolution. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA.”
About ZeroTech
Since 2002, ZeroTech has been an innovator in security hardware and software, producing industry-leading surveillance systems, access control solutions, and home automation. Their products are used in a variety of sectors, including retail, transportation, banking, and hospitality, and are certified to meet international quality standards.
About AOI Electronics
The Arab Organization for Industrialization (AOI) is a major industrial entity in Egypt, founded in 1975 to advance technology-based industries across the Arab world. AOI Electronics, established in 1979, manufactures a wide range of advanced electronic equipment.
