Security Cameras (IR Illuminator)
Global Security Cameras (IR Illuminator) Market to Reach $4 Billion by 2026
Amid the COVID-19 crisis, the global market for Security Cameras (IR Illuminator) estimated at US$2.6 Billion, is projected to reach a revised size of US$4 Billion by 2026, growing at a CAGR of 7.5% over the analysis period. IP, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$3.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Analog segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $839.3 Million in 2021, While China is Forecast to Reach $703.1 Million by 2026
The Security Cameras (IR Illuminator) market in the U.S. is estimated at US$839.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$703.1 Million by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
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