Surveillance Camera Market Forecast, Overview, Growth, Analysis, Research Report (2021-2031)

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.

Surveillance Camera Market Analysis 

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 Camera Market Overview

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

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Surveillance Camera Market Drivers and Opportunities

Urbanization And Infrastructure Development to Favor Market

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.

Heightened Security Concerns

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.

Surveillance Camera Market Report Segmentation Analysis

Key segments that contributed to the derivation of the surveillance camera market analysis are type, product type, and end-user.

• Based on type, the surveillance camera market is segmented into analog cameras and IP cameras.
• Based on product type, the surveillance camera market is segmented into dome cameras, bullet cameras, box-style cameras, PTZ cameras, thermal cameras, and others.
• Based on end-user, the surveillance camera market is segmented into BFSI, government & defense, commercial, manufacturing & construction, healthcare, logistics & transportation, residential, and others.

Surveillance Camera Market Share Analysis by Geography

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.

Surveillance Camera Market Regional Insights

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.

Surveillance Camera Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Canon Inc.
2. Dahua Technology Co., Ltd
3. FLIR Systems, Inc.
4. Hangzhou Hikvision Digital Technology Co., Ltd.
5. Hanwha Techwin Co., Ltd.
6. Honeywell International Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Surveillance Camera Market News and Recent Developments

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:

• In January 2024, Consistent Infosystems, products catering to the IT, Electronic, & Home Entertainment Industries, introduced a new range of Made in India surveillance cameras in India, boosting its already strong Security & Surveillance product portfolio. The new range of surveillance cameras offers a complete surveillance solution. It includes a Smart Wireless 4G PT Camera, 4G Solar Camera, Wireless Pan-Tilt Wifi 3MP/4MP Mini wifi P2P Plug and Play Hassle Free, 4G Camera Color Camera and CCTV Camera 4G Dome.

(Source: Consistent Infosystems, Company Website, 2021)

• In February 2023, Idis launched a range of edge AI cameras. The new cameras are built on the company’s focus of extending the scalable use of its self-developed Idis Deep Learning Engine to meet safety, security, and operational needs with AI-powered servers, appliances, and software to suit organizations of all sizes in a wide range of vertical markets. 

  (Source: Idis, Company Website, 2023)

Surveillance Camera Market Report Coverage and Deliverables

The "Surveillance Camera Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles