CCTV Camera Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

CCTV Camera Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of CCTV Camera Market

The CCTV camera market size was valued at USD 31.88 billion in 2021, and the market is now projected to grow from USD 35.47 billion in 2022 to USD 105.20 billion by 2029, exhibiting a CAGR of 16.8% during the forecast period of 2023-2030.

Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the CCTV camera market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic.

Growing use of security systems in both commercial and residential settings promote CCTV camera market growth during forecast period. Around the world, CCTV cameras are frequently utilized to secure homes and businesses. It was constructed using cutting-edge technology including deep learning, artificial intelligence, and infrared to increase security in both public and private areas. Millions of vigilance systems are being installed in urban areas across all continents. Over 1 billion cameras have been placed worldwide, with China having almost 200 million monitoring systems in place, according to the Precise-Security Report. Additionally, there are around 50 million surveillance systems in the United States and 5.2 million in Germany.

Growing use of AI-based cameras in public and commercial settings will fuel market expansion during forecast period. These cameras incorporate cutting-edge deep learning and artificial intelligence technologies. Features like facial detection and network video recording are added using artificial intelligence (AI) technology. These provide improved 360-degree vision and technology compatibility for many surveillance sectors. To satisfy the rising need for security in public areas, a number of industry leaders are creating sophisticated AI-based surveillance systems.

Comprehensive Analysis of CCTV Camera Market

The CCTV camera market and semiconductor & electronics industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by camera types, by technology, and by end users. The types of devices include, By Camera Type segmentations include Box CCTV, PTZ Camera, Dome CCTV, Bullet CCTV, C-Mounted, and Others, By Technology segmentations include IP Camera, Analog, and Others, By End-user segmentations include BFSI, Homeland Security, Retail, Residential, Logistics & Transportation, Hospitality, Government, Commercial Spaces, and Others.

The Asia Pacific region lead the CCTV camera market by benefitting a market size of USD 21.92 billion in 2021 due to growing use of security systems in both commercial and residential settings and growing use of AI-based cameras in public and commercial settings and A huge demand has been created by increased investment in smart cities.

The top players in the market play a crucial role in the semiconductor & electronics industry assuring industrial prospectus growth and setting market standards. These prominent key industry players include, Bosch Security Systems Inc. (U.S.), Honeywell Security Group (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Axis Communications AB (Sweden), Mobotix AG (Germany), Zhejiang Dahua Technology Co., Ltd. (China), Panasonic System Networks Co., Ltd. (Japan), Geovision Inc. (Germany), Sony electronics Ltd. (Japan), FLIR Systems Inc. (U.S.) these market players provide a level-playing competitive environment across the globe.

In September 2022, The FX30 camera, part of Sony Electronics Inc.'s Cinema Line, was introduced. For the movie line, this FX30, a 4K Super 35 compact, offers professional features.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD billion)

Segmentation

By Camera Type, Technology, End-user, and Region

By Camera Type

Box CCTV

Bullet CCTV

Dome CCTV

C-Mounted

PTZ Camera

Others (Infrared Camera)

By Technology

IP Camera

Analog

Others (Wireless Camera)

By End-user

BFSI

Homeland Security

Retail

Residential

Logistics & Transportation

Hospitality

Government

Commercial Spaces

Others (Energy & Power)

By Region

North America (Camera Type; Technology; End-user; and Country)

• U.S. (By Technology)
• Canada (By Technology)
• Mexico (By Technology)

Europe (Camera Type; Technology; End-user; and Country)

• U.K. (By Technology)
• Germany (By Technology)
• France (By Technology)
• Italy (By Technology)
• Spain (By Technology)
• Rest of Europe

Asia Pacific (Camera Type; Technology; End-user; and Country)

• Japan (By Technology)
• China (By Technology)
• India (By Technology)
• Southeast Asia (By Technology)
• Rest of Asia Pacific

Middle East & Africa (Camera Type; Technology; End-user; and Country)

• GCC (By Technology)
• South Africa (By Technology)
• Rest of Middle East & Africa

South America (Camera Type; Technology; End-user; and Country)

• Brazil (By Technology)
• Argentina (By Technology)
• Rest of South America

Please Note: It will take 5-6 business days to complete the report upon order confirmation.