Professionals 226 Users Online

CCTV Camera Market

Market Study on CCTV Cameras: Popularity of AI-driven Cameras Soaring

CCTV Cameras Market Segmented by Type (Box Cameras, Dome Cameras, PTZ Cameras, Fixed Bullet Cameras)

CCTV Cameras Market Outlook - (2023-2033)

The market for CCTV cameras was valued at US$ 14.70 Billion in 2022, and it is anticipated to have reach US$ 51.06 Billion by the end of 2033. The market for CCTV cameras is estimated to evaluate to US$ 16.24 Billion in 2023 and is estimate to grow at a CAGR of 12.1% from 2023 to 2033.

CCTV cameras, or closed-circuit television cameras, are video surveillance cameras are used for monitoring and recording activities in public or private areas. They are typically used for security and surveillance purposes to detect, discourage and stop criminal or illegal activities, monitor traffic and crowds, and assist in investigations. The CCTV cameras consist of 20% of the global physical security market.

CCTV cameras can be wired or wireless and can transmit the video signal to a monitor or recording device. They can be fixed in place or can be panned, tilted, and zoomed remotely. Many modern CCTV cameras come with advanced features such as facial recognition, license plate recognition, and motion detection.

While CCTV cameras can be useful for enhancing security and providing evidence in criminal investigations, there are also concerns about privacy and the potential for misuse. It is important to use CCTV cameras in a responsible and ethical manner, with appropriate safeguards in place to protect individual privacy rights.

The CCTV cameras market in North America held 28.5%, which is the uppermost market share in the worldwide landscape in 2022 and is projected to retain its position within the forecast period. The demand for CCTV cameras in the Europe region it held around 18.3% of the market in 2022.

Attributes Key Insights

CCTV Cameras Market Size (2023)

US$ 16.24 Billion

Projected Market Value (2033)

US$ 51.06 Billion

Global Market Growth Rate (2023-2033)

12.1%

Commercial CCTV Camera Market Share (2022)

30.2%

India Market Growth Rate (2023-2033)

16.3%

AI-based CCTV Cameras Market CAGR (2022)

17.3%

Sample Report

FREE Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get FREE Report Sample

What Drivers Will Help in the Growth of CCTV Cameras Market?

“The Increasing Demand for Security Systems Will Boost The CCTV Cameras Market”

The increasing demand for security systems has been one of the major drivers of growth in the CCTV cameras market. With rising crime rates and security threats, people and businesses are increasingly looking for ways to enhance their safety and security. CCTV cameras provide an effective and affordable solution for this purpose, as they enable continuous monitoring of premises and can provide evidence in the event of a security breach.

CCTV cameras have been one of the primary tools used to meet this demand, as they allow for remote monitoring of premises and can be integrated with other security systems to provide a comprehensive solution.

As a result, the demand for CCTV cameras is expected to continue to grow in the coming years, as more people and businesses look for ways to enhance their safety and security in an increasingly uncertain world.

  • In March 2023, Bosch Security Systems has launched the new AUTODOME 7100i (IR) cameras that features IVA Pro, a professional collection of application-specific video analytics, provides accurate, dependable classification for long-distance perimeter detection, traffic tracking, and city surveillance.
  • In November 2020, Panasonic Corporation announced the release of the AK series HD Camera. The camera has an enormous image sensor for high sensitivity and video clarity, and it is very cost effective.
Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

Why is Demand for CCTV Cameras increasing across USA?

“The rapid adoption of IoT in Smart Homes in USA Will Boost the Demand for CCTV Cameras Market in USA”

The rapid adoption of the Internet of Things (IoT) in smart homes in the US is expected to boost the demand for CCTV cameras in the country. As more homes become "smart" and connected, homeowners are increasingly looking for ways to enhance their security and surveillance capabilities. CCTV cameras can play a critical role in meeting this demand, as they allow homeowners to monitor their homes remotely and provide real-time alerts in the event of a security breach.

Moreover, IoT-enabled CCTV cameras can be integrated with other smart home devices and systems, such as alarms, sensors, and locks, to provide a comprehensive home security solution. This integration can be done through a central hub or using cloud-based platforms, making it easier for homeowners to monitor and control their security systems from anywhere, using their smartphones or other connected devices.

Overall, the combination of the growing popularity of smart homes and the increasing demand for home security is expected to boost the CCTV cameras market in the US in the coming years.

The USA had market share in CCTV cameras of 19.8% in the 2022.

Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

What Factors Allow India to Be a Major Market for CCTV Cameras Sensors?

“The Indian Government is implementing the Smart City Project in India Will Boost the CCTV Cameras Market”

The Indian Government’s Smart City project is expected to boost the demand for CCTV cameras in the country. Under this project, the government is developing 100 cities across the country as "Smart Cities," with a focus on improving the quality of life of residents through the use of technology and better infrastructure.

One of the key components of the smart city project is the installation of CCTV cameras in public places and other critical areas, such as traffic intersections, bus stops, railway stations, and airports, to enhance safety and security. CCTV cameras are an effective tool for preventing crime and improving law enforcement, as they provide real-time monitoring and can help deter criminal activities.

Moreover, the smart city project is expected to drive the adoption of other smart technologies, such as IoT (Internet of Things), which can be used to enhance the capabilities of CCTV cameras. For instance, IoT-enabled cameras can be integrated with other smart city systems, such as traffic management, waste management, and emergency services, to provide a comprehensive solution for public safety and security.

Overall, the Smart City project is expected to drive the growth of the CCTV cameras market in India, as the demand for these systems increases in response to the need for enhanced safety and security in public and private spaces.

The Indian market will grow with CAGR of 16.3% over the forecasted period.

Sales Team

Sales Team
Client Partner

Let's Connect

Connect me to identify winning opportunities

Ask An Expert
I'm Available

What Factors Are Allowing CCTV Cameras to Grow in China?

“The Presence of Major Manufacturers in China Will Boost The CCTV Cameras Market”

The presence of major manufacturers in China means that there is likely to be a high level of competition in the CCTV cameras market, which can lead to innovation, improved product quality, and lower prices for consumers. This can make CCTV cameras more accessible to a wider range of consumers and drive demand for these products.

Moreover, major manufacturers often have the resources and expertise to develop new technologies and features that can make CCTV cameras more effective, efficient, and user-friendly. These advancements can further fuel the growth of the CCTV cameras market and make these products more appealing to a wider range of consumers.

However, it is important to note that while the presence of major manufacturers in China can boost the CCTV cameras market.

The CCTV cameras market in China will grow with CAGR of 14.5% over the forecasted period.

Category-wise Insights

What Different Factors Allow Commercial CCTV Cameras to Dominate the Market?

“High-Definition and Wide-Angle Video in Commercial CCTV Cameras Will Drive Their Demand”

HD video provides clearer and more detailed images, making it easier to identify individuals, objects, and incidents in the footage. Wide-angle lenses allow for a greater field of view, making it possible to monitor larger areas with fewer cameras. This reduces the overall cost of the CCTV system and improves efficiency in monitoring and surveillance.

The demand for commercial CCTV cameras with HD and wide-angle video capabilities is driven by the need for enhanced security and surveillance in businesses, public spaces, and residential areas. With the increasing threat of crime, terrorism, and vandalism, businesses and organizations are investing in high-quality CCTV systems that provide accurate and reliable surveillance.

Furthermore, the availability of HD and wide-angle CCTV cameras at competitive prices has increased their accessibility to a wider range of businesses and organizations, further driving demand.

As a result, manufacturers are investing in research and development to improve the quality and capabilities of commercial CCTV cameras, including enhancing HD and wide-angle video features.

The demand for high-definition and wide-angle video capabilities in commercial CCTV cameras is expected to continue driving the growth of the CCTV cameras market.

The commercial CCTV cameras in the CCTV cameras market had highest market share of 31.8% in 2022.

What Factors Are Influencing the Demand for AI-Based CCTV Cameras in CCTV Cameras Market?

“The Improved Precision in AI-Based CCTV Will Boost The CCTV Cameras Market”

The improved precision of AI-based CCTV cameras is due to their ability to analyse video footage in real-time and identify potential security threats. With the help of advanced algorithms and machine learning techniques, these cameras can recognize unusual behaviour patterns, detect objects or individuals, and alert security personnel in real-time.

The benefits of AI-based CCTV cameras have been recognized by various industries, including retail, transportation, and government agencies, which are increasingly adopting this technology for surveillance purposes. With the increasing demand for more accurate and effective surveillance solutions, the market for AI-based CCTV cameras is expected to grow significantly.

Furthermore, the integration of AI with CCTV cameras has reduced the need for human intervention, resulting in reduced costs and increased efficiency. The ability to automate surveillance tasks has also improved the speed and accuracy of the surveillance process, allowing security personnel to respond quickly to potential threats.

In conclusion, the improved precision of AI-based CCTV cameras is expected to boost the CCTV cameras market, as businesses and organizations seek more advanced and effective surveillance solutions. The continued development of AI technology and its integration with CCTV cameras will further drive the growth of the market.

The AI-based CCTV had the dominant CAGR of 17.3% for forecasted period.

Competitive Landscape

To diversify its product line and improve its market position, the manufacturers focus on launching new products, enhancing existing products, and strategically entering new markets.

  • In January 2023, Sony Electronics is growing its pan-tilt-zoom (PTZ) camera line-up with two new 4K versions with integrated AI analytics. The SRG-A40 and SRG-A12 cameras monitor and frame presenters automatically and consistently, regardless of movement or posture, for seamless content creation and control - all without the need for a computer.
  • In October 2021, Panasonic Corporation has announced that it has developed new PTZ cameras and a completely new line-up. The quality of communication in online conferences is essential to the education industry and businesses as they rush to adjust to the new normal accelerated digital transformation.

Recent developments related to key players providing CCTV cameras market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

CCTV Cameras Market Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia & New Zealand
  • GCC Countries
  • Turkey
  • Israel
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Camera Type
  • Technology
  • End User
  • Region

Key Companies Profiled

  • Hikvision
  • Honeywell
  • Panasonic
  • Axis Communications
  • FLIR Systems
  • Sony Corporation
  • LG Electronics
  • CP PLUS
  • Samsung
  • Dahua Technology Co., Ltd.
  • Bosch Security Systems
  • Hanwha Techwin
  • AVTECH Corp.
  • Sanyo
  • IDIS

Pricing

Available upon Request

Key Segments of CCTV Cameras Market Industry Research

By Camera Type:

  • Box Cameras
  • Dome Cameras
  • PTZ Cameras
  • Fixed Bullet Cameras
  • Others

By Technology:

  • Analog-based CCTV Cameras
  • IP-based CCTV Cameras
  • AI-based CCTV Cameras

By End User:

  • Residential
  • Commercial
    • Banks & Financial Institutions
    • Educational Institutions
    • Retail Complexes
    • Healthcare Facilities
    • Transportation infrastructure
    • Others
  • Industrial
    • Manufacturing Plants
    • Power Plants
    • Others
  • Government & Defence
    • Government Offices
    • Military Bases

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Hikvision
  • Honeywell
  • Panasonic
  • Axis Communications
  • FLIR Systems
  • Sony Corporation
  • LG Electronics
  • CP PLUS
  • Samsung
  • Dahua Technology Co., Ltd.
  • Bosch Security Systems
  • Hanwha Techwin
  • AVTECH Corp.
  • Sanyo
  • IDIS

- Frequently Asked Questions -

In 2022, the market value CCTV cameras were US$ 14,700.5 Mn.

The global CCTV cameras market is estimated to advance at 12.1% CAGR through 2033.

The market for CCTV cameras is forecasted to climb to US$ 51,054.7 Mn by 2033 end.

Demand for CCTV cameras market in India is projected to rise at a CAGR of 16.3% over the forecast period.

In 2022, the North America CCTV cameras market held a dominant market share of 28.5%.

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy
Google translate