Overview and Scope
A surveillance camera, also called a security camera or CCTV camera, is a device designed to capture and record visual information about its surroundings. It is commonly used for monitoring and surveillance to enhance security in various settings, such as public areas, private properties, businesses, and institutions.
Sizing and Forecast
The surveillance camera market size has grown rapidly in recent years. It will grow from $34.69 billion in 2023 to $38.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to urbanization and population growth, terrorism and crime prevention, data storage and analytics, growing awareness among individuals and businesses about the benefits of surveillance cameras.
The surveillance camera market size is expected to see rapid growth in the next few years. It will grow to $57.21 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to integration with IoT and AI, cloud-based surveillance, privacy concerns, cost reduction in camera technology, increased security concerns. Major trends in the forecast period include increased adoption of AI and analytics, higher resolution and enhanced imaging, rapid growth in edge computing, integration with IoT devices, privacy-centric technologies.
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Segmentation & Regional Insights
The surveillance camera market covered in this report is segmented –
1) By Product Type: Internet Protocol (IP)-Based, Cellular Camera, Analog Camera
2) By Resolution Capacity: High Definition (HD), Full High Definition (FHD), Ultra High Definition (UHD) (4K)
3) By Deployment: Indoor, Outdoor
4) By End-Use: Residential, Commercial Infrastructure, Public Facilities, Industrial, Military And Defense, Other End-Uses
Asia-Pacific was the largest region in the surveillance camera market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the surveillance camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising crime rates are expected to propel the growth of the surveillance camera market going forward. A crime is an act or behavior deemed unlawful and punishable by law. Rising crime rates can be attributed to a combination of economic disparities, social disorganization, drug-related issues, gang activities, and inadequate law enforcement, among other factors, which collectively contribute to increased criminal behavior in various communities. Surveillance cameras can deter criminal activities by creating a visible monitoring presence, and the footage can serve as valuable evidence for law enforcement, potentially leading to a decrease in crime rates. For instance, according to the National Insurance Crime Bureau (NICB), a US-based insurance industry trade association, there were over 1 million vehicle thefts in 2022, a 7% increase from 2021. Furthermore, according to CrimeRate.co.uk, a UK-based government website, the crime rate in the UK was 75.88 per 1,000 people in 2022–2023, an 8% rise from 2021. Therefore, the rising crime rates are driving the growth of the surveillance camera market.
Key Industry Players
Major companies operating in the surveillance camera market are Sony Corporation, Panasonic Corporation, Cisco Systems Inc., Honeywell International Inc., Canon Inc., Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Hanwha Techwin Co. Ltd., FLIR Systems Inc., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., Zhejiang Uniview Technologies Co. Ltd., VIVOTEK Inc., Genetec Inc., Pelco Incorporated, Tiandy Technologies Co. Ltd., ACTi Corporation, Bosch Security Systems GmbH, Mobotix AG, March Networks Corporation, Infinova Corporation, AV Costar LLC, IndigoVision Group plc, Swann Communications Pty Ltd., CP PLUS GmbH & Co. KG, Lorex Technology Inc.
The surveillance camera market report table of contents includes:
- Executive Summary
- Surveillance Camera Market Characteristics
- Surveillance Camera Market Trends And Strategies
- Surveillance Camera Market – Macro Economic Scenario
- Global Surveillance Camera Market Size and Growth
- Surveillance Camera Market Segmentation
- Surveillance Camera Market Regional And Country Analysis
…………
- Key Mergers And Acquisitions In The Surveillance Camera Market
- Surveillance Camera Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Surveillance Camera Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Surveillance Camera Market, Segmentation By Resolution Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Surveillance Camera Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………
Table 75: Sony Corporation Financial Performance
Table 76: Panasonic Corporation Financial Performance
Table 77: Cisco Systems Inc. Financial Performance
Table 78: Honeywell International Inc. Financial Performance
Table 79: Canon Inc. Financial Performance
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