The surveillance camera global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Surveillance Camera Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surveillance Camera Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the surveillance camera market are increasing their focus on developing advanced products, such as edge AI cameras, to gain a competitive edge in the market. These cameras come with on-device artificial intelligence capabilities for processing and analyzing data directly at the network’s edge, near the source of data generation. For instance, in March 2023, IDIS, a South Korea-based security technology company, launched a new line of Edge AI cameras, which includes dome and bullet camera models. The cameras are designed to reduce false alarms, improve security teams’ responsiveness and operational efficiency, and accurately distinguish between humans, vehicles, and other objects. The new range features models with NIR Lightmaster technology, deep learning-powered 5MP dome and bullet cameras, IDIS Smart Failover, true WDR, H.265, IDIS Intelligent Codec, and PoE capabilities. The cameras are easy to deploy and offer seamless connectivity with IDIS network recorders, making them particularly useful for customers who require highly accurate alerts in various settings such as vulnerable perimeters, vehicle access, parking areas, entrances and exits, and sensitive or risk-critical locations.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Surveillance Camera Market Report Structure
3. Surveillance Camera Market Trends And Strategies
4. Surveillance Camera Market – Macro Economic Scenario
5. Surveillance Camera Market Size And Growth
…..
27. Surveillance Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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