The surveillance camera market size is projected to reach US$ 65.22 billion by 2031 from US$ 29.05 billion in 2023. The market is expected to register a CAGR of 10.64% in 2023–2031. The growing security concern drives the global surveillance camera market.
An entire network of surveillance cameras is composed of a closed-circuit system that is used to monitor and control a specific property. These cameras often work on IP (internet protocol) networks, which connect the surveillance cameras from the remote location to the main location. Surveillance or security cameras transmit the recorded video to an NVR (Network Video Recorder) in the form of digital signals through a single PoE cable, removing the requirement for power cables.
Surveillance cameras are cameras that monitor the area where they are installed. These work in conjunction with security systems. These cameras can be installed in offices, homes, retail stores, or any public place to ensure security and also deter criminal action. The recorded footage of these cameras is also used as evidence in case of the occurrence of the crime. One can find different types of security cameras having different types of features. The surveillance camera is better used for simply monitoring a particular area and thus controlling any unwanted situation. Surveillance cameras are designed to alarm the authorities when criminal activity takes place. They are integrated with AI, but security cameras are just cameras that record footage.
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Surveillance Camera Market: Strategic Insights
Surveillance technologies play a crucial role in optimizing urban infrastructure and services. Sensors and cameras provide data to assist in traffic management, energy consumption optimization, waste management, and the development of better transportation systems. These insights facilitate informed urban planning, leading to resource-efficient and sustainable cities. Further, Integrated surveillance camera systems in smart cities offer unparalleled abilities in ensuring the safety and security of residents. Real-time monitoring facilitates rapid response to emergencies, timely detection of anomalies, and effective crowd management during events or crises. Thus, urbanization and infrastructure development are driving the growth of the surveillance camera market.
Cameras, video monitoring systems, and interoperability platforms are gaining more attention than ever due to public safety concerns. The high-priority scramble to install more cameras and enhance video surveillance systems has never been greater. Various countries are deploying surveillance cameras for security purposes. For example, in February 2024, As Russia’s full-scale invasion of Ukraine nears the two-year mark, hundreds of thousands of Chinese-made Hikvision and Dahua video-surveillance cameras used by government-run security systems, residences, and private companies throughout Ukraine heighten the risks of attacks by the Russian military, Ukrainian digital-security experts and government officials fear. Thus, increasing heightened security concerns creates opportunities for the growth of the surveillance camera market.
Key segments that contributed to the derivation of the surveillance camera market analysis are type, product type, and end-user.
The geographic scope of the surveillance camera market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has various providers of surveillance cameras; the players are CCTV Security Pro and others. Further, the US is under heavy surveillance. Atlanta alone has 50 CCTV cameras per 1,000 inhabitants. Thus, such instances drive the growth of the surveillance camera market.
The regional trends and factors influencing the Surveillance Camera Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Surveillance Camera Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 29.05 billion |
| Market Size by 2031 | US$ 65.22 billion |
| Global CAGR (2023 - 2031) | 10.64% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Surveillance Camera Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Surveillance Camera Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The surveillance camera market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
(Source: Consistent Infosystems, Company Website, 2021)
(Source: Idis, Company Website, 2023)
The "Surveillance Camera Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The global surveillance camera market was estimated to be US$ 29.05 billion in 2023 and is expected to grow at a CAGR of 10.64 % during the forecast period 2023 - 2031.
Urbanization and infrastructure development are the major factors that propel the global surveillance camera market.
Integartion of AI to play a significant role in the global surveillance camera market in the coming years.
The key players holding the majority of shares in the global surveillance camera market are Canon Inc., Dahua Technology Co., Ltd, FLIR Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., and Hanwha Techwin Co., Ltd.
The global surveillance camera market is expected to reach US$ 65.22 billion by 2031.