Surveillance Camera Market 2027 By Type, Product Type, End User | The Insight Partners

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Surveillance Camera Market to 2027 - Global Analysis and Forecasts by Type (Analog Cameras and IP Cameras); Product Type (Dome Cameras, Bullet Cameras, Box Style Cameras, PTZ Cameras, Thermal Cameras, and Others); End User (BFSI, Government & Defense, Commercial, Manufacturing & Construction, Healthcare, Logistics & Transportation, Residential, and Others)

Publication Month: Feb 2020 | Report Code: TIPTE100000928 | No. of Pages: 180 | Category: Electronics and Semiconductor | Status: Published

The surveillance camera market was valued at US$ 21.82 billion in 2018 and is projected to reach US$ 45.93 billion by 2027; it is expected to grow at a CAGR of 8.7% during 2019–2027.

The adoption of number of surveillance cameras is increasing rapidly in the developed as well as developing economies across the globe owing to the rising need of public safety. With the rise in crime rates, terrorist attacks, antisocial behavior, the government and public safety agencies are significantly investing on new technologies and strategies to ensure public safety and security. It has become essential to improve the system and responses for catastrophic attacks and to identify cost-effective, safe, and feasible solutions. For instance, in July 2019, the Indian government unveiled its plan to install around 3 lakh CCTV cameras around residential and commercial complexes across Delhi for public safety. Further, to improve security for the Chicago public transportation system, the second-largest city in the United States, the government relied on Sentry360 for establishing a unified surveillance system in the city. Further, the increasing infrastructural spending in the emerging economies is expected to create new growth avenues in the surveillance camera market. Several developing economies across the globe are witnessing high growth in their commercial construction and infrastructural sector. This has resulted in construction of more airports, railway stations, educational institutions, hospitals as well as public projects. This in turn has led to increase adoption of security cameras to monitor and record the behavior and activities of people and thereby protect public places and critical infrastructure.

Digital transformation or digitalization of businesses refers to the integration of digital technology in various business processes, organizational activities and business models. Digital transformation has become a must requirement for sustainable growth of any enterprise owing to the demanding nature of customers and rising industry competition. This digitalization revolution around the world presents a massive opportunity for surveillance camera manufacturers to offer technologically advanced camera solutions to across the world. Both public and private enterprises are investing in advanced surveillance solutions for business process optimization, operational efficiency, reduction of cost, and human error avoidance. These are some of the major factors which are driving the integration of IoT, AI, video analytics and other such technologies in the global surveillance camera market. In the past decade, the proliferation of connected devices, digital services, IoT, and artificial intelligence have increased exponentially. Due to the increasing adoption of advanced and connected systems across enterprises, the demand for technology integrated surveillance cameras market is anticipate to increase at an impressive pace over the forecast period.

Lucrative Regions for Surveillance Camera Market

Lucrative Regions for Surveillance Camera Market

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Market Insights–Surveillance Camera Market

Significant rise in adoption of IP cameras

The security and surveillance industry has emerged over the years, and the trend is driving from physical security to video-based security and surveillance with the support of camera technology. The shift is majorly driven by factors such as increased safety and time, cost-efficiency, and convenience of the end-user. Moreover, video surveillance systems offer various benefits to its users, such as better work productivity, remote monitoring, traffic management, protection against theft, and also help in collecting evidence in legal cases. During the initial stage of video surveillance technology, the analog cameras were being utilized significantly; however, the industry is foreseeing a change with the increased acceptance and adoption of IP-based cameras. The major advantage of IP cameras over the conventional cameras is the advantage of transferring captured imageries or data directly over the internet, in a fraction of second. IP cameras are either centralized that need Network Video Recorder (NVR) for monitoring recordings, or decentralized where the camera recordings can be stored in any of the remote or local storing devices. Further, the utilization of Wi-Fi is available with the IP cameras to transfer data instantly. Additionally, the option for installing numerous video analytics software in these cameras for automatic analysis of the imageries by the cameras is also rising the interest among the various end-users.

Type Insights

The surveillance camera market by type is segmented by analog cameras and IP cameras. The Internet Protocol cameras (IP cameras) are the type of digital video cameras which receive control data and send image data through the Internet. These cameras are widely utilized for surveillance, but unlike analog CCTV cameras, they don’t require local recording devices; they only require local area networks. Most of the IP cameras are webcams, but the term IP camera or netcam generally relates only to those that have the capability to get accessed through a network connection directly. Some IP cameras need the support of a central NVR for handling the recording, alarm, and video management, while others are capable of working in a decentralized manner with no NVR required, as the cameras are able to record directly to any remote or local storage media.

Product Type Segment Insights

The surveillance camera market by product type is segmented by dome cameras, bullet cameras, box style cameras, PTZ cameras, thermal cameras, and others. The dome camera is one most regularly used camera for indoor and outdoor security and surveillance. The most popular dome cameras are Vandal Proof and Night Vision Cameras, which are best suitable to monitor property where the camera must be fixed near arms reach. The shape of the camera creates difficultly for the onlookers to understand which way the camera is facing and its strong piece of design stops criminals to take any actions by making an air of uncertainty. The other benefits of a dome type of camera comprise ease of installation, vandal-resistant features, and IR night vision.

End-User Insights

The global surveillance camera market has been segmented on the basis of end-user into BFSI, government & defense, commercial, manufacturing & construction, healthcare, logistics & transportation, residential, and others. The banking, financial buildings and ATMs are one of the most critical industries and required enhanced security systems in order to protect documents, cash and database among others. Attributing to rising criminal cases across the globe, the banks, financial institutes are installing high end surveillance cameras with advanced technology at their buildings and ATMs to secure the environment. In addition, the increasing number of thefts and fraudulent transactions, as well as stringent regulatory environment are expected to bolster the deployment of surveillance systems. For instance, BS/2, a Lithuanian banking and retail technology company and VisionLabs signed a strategic partnership agreement for contactless identification that would support the companies to significantly increase security and would ward off the risks allied with the unlawful or fraudulent activities while operating self-service terminals, thus, making BS/2's ATMeye.iQ full-scale self-service video surveillance system that offers additional safety and security for self-service devices and their users.

Strategic Insights

Report Coverage - Surveillance Camera Market
Report CoverageDetails
Market Size Value inUS$ 21.82 Billion in 2018
Market Size Value byUS$ 45.93 Billion by 2027
Growth rateCAGR of 8.7% from 2019-2027
Forecast Period2019-2027
Base Year2019
No. of Pages180
No. of Tables88
No. of Charts & Figures85
Historical data availableYes
Segments coveredType ; Product Type ; End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2019, The Bosch start-up Security and Safety Things (SAST) announced its vision for a revolutionary IoT platform in the security camera segment. SAST aimed to offer a B2B-software ecosystem within the security camera market. The SAST-related App Store further allowed developers to build applications on an open software standard, and to market them via the SAST App Store, similar to app stores for smartphone applications.
  • In 2019, Honeywell received contract from the Egyptian government to provide a city-wide surveillance system for the new capital which the government is building outside Cairo. Under this contract, Honeywell aims to deploy the security and surveillance systems as part of the first phase of the capital in collaboration with its partner MTI.

The Global Surveillance Camera Market has been Segmented as Follows:

Surveillance Camera Market – By Type

  • Analog Cameras
  • IP Cameras

Surveillance Camera Market – By Product Type

  • Dome Cameras
  • Bullet Cameras
  • Box Style Cameras
  • PTZ Cameras
  • Thermal Cameras
  • Others


Surveillance Camera Market – By End-User

  • BFSI
  • Government & Defense
  • Commercial
  • Manufacturing & Construction
  • Healthcare
  • Logistics & Transportation
  • Residential
  • Others

Surveillance Camera Market – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • Canon Inc.
  • Dahua Technology Co., Ltd
  • FLIR Systems, Inc.
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Hanwha Techwin Co., Ltd.
  • Honeywell International Inc.
  • Panasonic Corporation
  • Pelco Corporate
  • Robert Bosch GmbH
  • The Infinova Group

Frequently Asked Questions

Asia Pacific region leads the surveillance camera market in the year 2018. Asia Pacific is a leader in the adoption and implementation of advanced technologies. Policymakers and regulators in both developed and developing APAC countries are playing a major role in creating favorable investment environment for advanced technologies such as artificial intelligence and IoT. China is one of the most prominent countries in this region which is contributing a huge share to the overall surveillance market in the Asia-Pacific region. The demand for surveillance cameras in government sector for applications such as mass surveillance and facial recognition to prevent crimes is also increasing at a fast pace in this region.
The IP cameras segment led the surveillance camera market with the highest market share in 2018, as IP cameras offer higher video quality than analog cameras. They provide more video site ranges, such as a narrow or wide field of view, better zoom-in abilities, and because they transmit truly digital signals, they deliver far greater video details. All these benefits makes IP cameras much better for applications such as license plate number detection and facial recognition.
The commercial segment led the market for surveillance camera globally, as the places covered under commercial segment deploy huge numbers of security cameras as well as upgrades the same with latest technologies at regular time intervals. The commercial sectors include office spaces, commercial businesses, retail stores, supermarkets, shopping malls, and warehouses. Shopping malls and supermarkets are vulnerable to criminal activities as these places are crowded most of the times. The surveillance cameras help in preventing theft, increase customer, and employee safety as well monitor customer and employee activities. All these benefits of surveillance cameras are anticipated to boost their demand in commercial segment.

The List of Companies - Surveillance Camera Market

  1. Canon Inc.
  2. Dahua Technology Co., Ltd
  3. FLIR Systems, Inc.
  4. Hangzhou Hikvision Digital Technology Co., Ltd.
  5. Hanwha Techwin Co., Ltd.
  6. Honeywell International Inc.
  7. Panasonic Corporation
  8. Pelco Corporate
  9. Robert Bosch GmbH
  10. The Infinova Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global surveillance camera market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global surveillance camera market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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