Global CCTV Camera Market - Wishtree Insight

Global CCTV Camera Market by Camera Sensor Type (CMOS Sensor-based Cameras and CCD Sensor-based Cameras), Model Type (Dome Cameras, Fixed Bullet Cameras, Box Cameras, and PTZ Cameras), Application (Commercial, Government, Residential, and Industrial), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The global CCTV camera market size was valued at USD 11.2 billion in 2021 and is expected to surpass USD 15.4 billion by 2031, expanding at a CAGR of 11.4% during the forecast period, 2021–2031. The growth of the market is attributed to the need for infrastructure protection and the high demand for IoT-based CCTV cameras.

INTRODUCTION

The CCTV system, also known as video surveillance, is used for monitoring, security, and surveillance purposes. It stands for Closed Circuit Television. It is installed in companies, big industries, schools, homes, streets, parking lots banks, stores, and other places to record and monitor the activity going on in the surrounding area. CCTV provides a more efficient way of guarding than human guards alone. In CCTV video cameras are used to transmit a signal to a specific location. A digital video recording program has been added to CCTV video cameras, to store information. CCTV cameras are used for a variety of purposes such as gathering evidence, monitoring activities, and recording. In addition, they help reduce crime rates. There are various types of CCTV cameras available in the market such as a detector and an IP camera to detect motion, and they also offer additional features such as video audio recording, etc. this camera occurs in different sizes and specifications making it easy to install. Many CCTV systems combine IP cameras, dome cameras, bullet cameras, etc., to ensure proper CCTV surveillance coverage.

Market Trends, Drivers, Restraints, and Opportunities

• Rise in companies worldwide and office spaces lead to setting up CCTV cameras.
• Government making it necessary to place CCTV cameras in certain places has boosted the market.
• Security has become a major concern in recent times considering the risk of thefts and other security-related issues have made people choose to place CCTV cameras in homes for safety has made lucrative growth in the CCTV market.
• A growing urbanization and digitization factor, as well as technological advancements in CCTV cameras, are expected to majorly influence the CCTV camera market.
• The manufacturers of CCTV cameras are developing new products to meet technological advancements and incorporate technologies like artificial intelligence and facial recognition. With an increasing demand for surveillance cameras and security systems, CCTV camera companies are launching new, advanced cameras.
• There are rising costs due to newer technologies, CCTV cameras equipped with built-in internet networks may not be affordable by every individual or organization, which may hamper market adoption.
• CCTV manufacturers can face barriers to their business growth since the technology will be restricted to a specified area due to privacy concerns. Since a large majority of CCTV feeds contain facial recognition, business growth may be hindered.

Scope of the Report

Market Segment Insights

The CMOS sensor-based cameras are expected to grow at a rapid pace

Based on camera sensor type, the global CCTV camera market is bifurcated into CMOS sensor-based cameras and CCD sensor-based cameras. The CMOS sensor-based cameras are expected to grow at a rapid pace due to their growing capabilities and cost-effectiveness. However, the CCD sensor-based camera is expected to grow at a steady pace due to its high cost.

The dome camera segment is expected to propel the market in the forecast period

Based on the model type, the global CCTV camera market is segmented into dome cameras, fixed bullet cameras, box cameras, and PTZ cameras. The dome camera segment is expected to propel the market in the forecast period. Due to their high reliability and performance standards, the dome camera type has a huge demand among various product types. However, bullet cameras are more portable due to their ability to fit in a pocket or bag; they are therefore convenient to install in different places like car parks and offices. Whereas, box cameras provide higher resolution images at a lower cost than bullet cameras, making them more popular.

The government segment holds the largest key share

Based on application, the global CCTV camera market is divided into commercial, government, residential, and industrial. The government segment holds the largest key share in the market and is anticipated to be dominant in the forecast period. The ride government security projects, terror attacks, crime rates, and demand from military & defense have propelled the market in case of security. However, the commercial and industrial sector is anticipated to hold a major share in improving security and reducing the risk of fraudulent & illegal activities. Whereas, the residential segment holds a steady share.

Geographical Overview

Based on a geographical view the North American region dominates the global CCTV cameras market, due to the high popularity of CCTV cameras for security and surveillance in the region. The Asia Pacific region is also anticipated to play a major role in the global CCTV cameras market owing to increasing public safety concerns in the region.

Competitive Landscape

Key players competing in the global CCTV camera market are Dahua Technology Co. Ltd.; Samsung; LG Electronics; FLIR Systems; Panasonic; Honeywell; Axis Communications; Sony Corporation; CP PLUS; Bosch Security Systems.

FAQs

Mention the market size of the Global CCTV camera in 2021.

The global CCTV camera market size was valued at USD 11.2 billion in 2021

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 11.4%.

What are the key drivers of the market?

• Rise in companies worldwide and office spaces lead to setting up CCTV cameras.
• Government making it necessary to place CCTV cameras in certain places has boosted the market.
• Security has become a major concern in recent times considering the risk of thefts and other security-related issues have made people choose to place CCTV cameras in homes for safety has made lucrative growth in the CCTV market.
• A growing urbanization and digitization factor, as well as technological advancements in CCTV cameras, are expected to majorly influence the CCTV camera market.

What segments are covered in the Global CCTV camera report?

camera sensor type (CMOS sensor-based cameras and CCD sensor-based cameras), model type (dome cameras, fixed bullet cameras, box cameras, and PTZ cameras), application (commercial, government, residential, and industrial

Mention the region is expected to hold the highest share in the Global CCTV camera.

The North American region is expected to hold the highest share in the global CCTV camera market.

Mention the key players in the market.

Dahua Technology Co. Ltd.; Samsung; LG Electronics; FLIR Systems; Panasonic; Honeywell; Axis Communications; Sony Corporation; CP PLUS; Bosch Security Systems.