Surveillance Camera Market Key Findings and Share by 2031
The surveillance camera market size is projected to reach US$ 65.22 billion by 2031 from US$ 29.05 billion in 2023. The market is expected to register a CAGR of 10.64% in 2023–2031. The growing security concern drives the global surveillance camera market.
Surveillance Camera Market Analysis
An entire network of surveillance cameras is composed of a closed-circuit system that is used to monitor and control a specific property. These cameras often work on IP (internet protocol) networks, which connect the surveillance cameras from the remote location to the main location. Surveillance or security cameras transmit the recorded video to an NVR (Network Video Recorder) in the form of digital signals through a single PoE cable, removing the requirement for power cables.
Surveillance Camera Market Overview
Surveillance cameras are cameras that monitor the area where they are installed. These work in conjunction with security systems. These cameras can be installed in offices, homes, retail stores, or any public place to ensure security and also deter criminal action. The recorded footage of these cameras is also used as evidence in case of the occurrence of the crime. One can find different types of security cameras having different types of features. The surveillance camera is better used for simply monitoring a particular area and thus controlling any unwanted situation. Surveillance cameras are designed to alarm the authorities when criminal activity takes place. They are integrated with AI, but security cameras are just cameras that record footage.
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Surveillance Camera Market: Strategic Insights
Surveillance Camera Market
-
CAGR (2023 - 2031)
10.64%
-
Market Size 2023
US$ 29.05 billion
-
Market Size 2031
US$ 65.22 billion
Market Dynamics
GROWTH DRIVERS
- Urbanization And Infrastructure Development
FUTURE TRENDS
- Integartion of AI
OPPORTUNITIES
- Heightened Security Concerns
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Analog Cameras and IP Cameras
Product Type
- Dome Cameras
- Bullet Cameras
- Box Style Cameras
- PTZ Cameras
- Thermal Cameras
End User
- BFSI
- Government & Defense
- Commercial
- Manufacturing & Construction
- Healthcare
- Logistics & Transportation
- Residential
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Surveillance Camera Market: Strategic Insights
-
CAGR (2023 - 2031)10.64% -
Market Size 2023
US$ 29.05 billion -
Market Size 2031
US$ 65.22 billion
Market Dynamics
- Urbanization And Infrastructure Development
- Integartion of AI
- Heightened Security Concerns
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Analog Cameras and IP Cameras
- Dome Cameras
- Bullet Cameras
- Box Style Cameras
- PTZ Cameras
- Thermal Cameras
- BFSI
- Government & Defense
- Commercial
- Manufacturing & Construction
- Healthcare
- Logistics & Transportation
- Residential
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Surveillance Camera Market Drivers and Opportunities
Urbanization And Infrastructure Development to Favor Market
Surveillance technologies play a crucial role in optimizing urban infrastructure and services. Sensors and cameras provide data to assist in traffic management, energy consumption optimization, waste management, and the development of better transportation systems. These insights facilitate informed urban planning, leading to resource-efficient and sustainable cities. Further, Integrated surveillance camera systems in smart cities offer unparalleled abilities in ensuring the safety and security of residents. Real-time monitoring facilitates rapid response to emergencies, timely detection of anomalies, and effective crowd management during events or crises. Thus, urbanization and infrastructure development are driving the growth of the surveillance camera market.
Heightened Security Concerns
Cameras, video monitoring systems, and interoperability platforms are gaining more attention than ever due to public safety concerns. The high-priority scramble to install more cameras and enhance video surveillance systems has never been greater. Various countries are deploying surveillance cameras for security purposes. For example, in February 2024, As Russia’s full-scale invasion of Ukraine nears the two-year mark, hundreds of thousands of Chinese-made Hikvision and Dahua video-surveillance cameras used by government-run security systems, residences, and private companies throughout Ukraine heighten the risks of attacks by the Russian military, Ukrainian digital-security experts and government officials fear. Thus, increasing heightened security concerns creates opportunities for the growth of the surveillance camera market.
Surveillance Camera Market Report Segmentation Analysis
Key segments that contributed to the derivation of the surveillance camera market analysis are type, product type, and end-user.
- Based on type, the surveillance camera market is segmented into analog cameras and IP cameras.
- Based on product type, the surveillance camera market is segmented into dome cameras, bullet cameras, box-style cameras, PTZ cameras, thermal cameras, and others.
- Based on end-user, the surveillance camera market is segmented into BFSI, government & defense, commercial, manufacturing & construction, healthcare, logistics & transportation, residential, and others.
Surveillance Camera Market Share Analysis by Geography
The geographic scope of the surveillance camera market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has various providers of surveillance cameras; the players are CCTV Security Pro and others. Further, the US is under heavy surveillance. Atlanta alone has 50 CCTV cameras per 1,000 inhabitants. Thus, such instances drive the growth of the surveillance camera market.
Surveillance Camera Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 29.05 billion
Market Size by 2031
US$ 65.22 billion
Global CAGR (2023 - 2031)
10.64%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type - Analog Cameras and IP Cameras
By Product Type - Dome Cameras
- Bullet Cameras
- Box Style Cameras
- PTZ Cameras
- Thermal Cameras
By End User - BFSI
- Government & Defense
- Commercial
- Manufacturing & Construction
- Healthcare
- Logistics & Transportation
- Residential
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 29.05 billion |
Market Size by 2031 | US$ 65.22 billion |
Global CAGR (2023 - 2031) | 10.64% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Surveillance Camera Market News and Recent Developments
The surveillance camera market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In January 2024, Consistent Infosystems, products catering to the IT, Electronic, & Home Entertainment Industries, introduced a new range of Made in India surveillance cameras in India, boosting its already strong Security & Surveillance product portfolio. The new range of surveillance cameras offers a complete surveillance solution. It includes a Smart Wireless 4G PT Camera, 4G Solar Camera, Wireless Pan-Tilt Wifi 3MP/4MP Mini wifi P2P Plug and Play Hassle Free, 4G Camera Color Camera and CCTV Camera 4G Dome.
(Source: Consistent Infosystems, Company Website, 2021)
- In February 2023, Idis launched a range of edge AI cameras. The new cameras are built on the company’s focus of extending the scalable use of its self-developed Idis Deep Learning Engine to meet safety, security, and operational needs with AI-powered servers, appliances, and software to suit organizations of all sizes in a wide range of vertical markets.
(Source: Idis, Company Website, 2023)
Surveillance Camera Market Report Coverage and Deliverables
The "Surveillance Camera Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Product Type ; End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global surveillance camera market was estimated to be US$ 29.05 billion in 2023 and is expected to grow at a CAGR of 10.64 % during the forecast period 2023 - 2031.
Urbanization and infrastructure development are the major factors that propel the global surveillance camera market.
Integartion of AI to play a significant role in the global surveillance camera market in the coming years.
The key players holding the majority of shares in the global surveillance camera market are Canon Inc., Dahua Technology Co., Ltd, FLIR Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., and Hanwha Techwin Co., Ltd.
The global surveillance camera market is expected to reach US$ 65.22 billion by 2031.