Global CCTV Camera Market Report and Forecast 2024-2032

Global CCTV Camera Market Outlook

The global CCTV camera market size is projected to grow at a CAGR of 11.80% between 2024 and 2032. The major drivers of the market include increasing adoption of video surveillance systems in commercial and residential areas and rising security threats and crime rates.

Key Trends in the CCTV Camera Market

CCTV, also known as closed-circuit television, is a TV system where video signals are monitored for security purposes and surveillance. CCTV cameras capture and convert light into video signals and these cameras provide real time footage that can be recorded and played back when needed.

• Increasing illegal activities are boosting the adoption of CCTV cameras across the globe. Additionally, false claims of damage can cost individuals and businesses significantly. Rising incidences of false claims and threats including robberies and vandalism, among others is further encouraging businesses and individuals to install CCTV cameras.

• The CCTV camera market growth is aided by the introduction of CCTV cameras with advanced features and technologies by the major manufacturers. The advent of machine learning, 4K resolution, and artificial intelligence has increased the requirements for integrated technology competencies and data storage. Furthermore, features such as motion sensing conserve energy and are only used when suspicious activity is detected.

• The requirement for remote security solutions is increasing as they can be controlled and accessed remotely by security specialists and are cost efficient. Remote monitoring takes pictures captured by the CCTV camera and sends them to remote monitoring stations that are specifically designed to respond to suspicious activities.

CCTV Camera Market Analysis

On the basis of type, the market is segregated into box cameras, dome cameras, PTZ cameras, and fixed bullet cameras, among others. Based on technology, the CCTV camera market segmentation includes analogue-based CCTV cameras, IP-based CCTV cameras, and AI-based CCTV cameras.

On the basis of end use, the market is divided into residential, commercial, industrial, and government and defence, with commercial subdivided by type into banks and financial institutions, educational institutions, retail complexes, healthcare facilities, and transportation infrastructure, among others. Based on region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global CCTV camera market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Hangzhou Hikvision Digital Technology Co. Ltd

• Honeywell International Inc.

• Panasonic Corporation

• Axis Communications AB

• Sony Corporation

• Bosch Sicherheitssysteme GmbH

• Dahua Technology Co., Ltd

• Hanwha Vision CO., LTD.

• AVTECH Corporation

• Aditya Infotech Ltd

• Others

CCTV Camera Market Share by Type

Dome camera is anticipated to account for a significant portion of the market in the coming years. They are suspended from a wall mounted bracket or ceiling mounted as per the requirements. These cameras are mounted inside a transparent dome which are often tinted to obscure the position of the camera. The various advantages offered by dome cameras including weather resistance, high resolution, night vision, and discreate positioning, among others are further aiding in boosting the CCTV camera market demand. Additionally, dome CCTV cameras allow passage of video footage to the recorder via ethernet cables and coaxial depending upon the recording device.

CCTV Camera Market Share by Region

The Asia Pacific is anticipated to account for a significant portion of the market, owing to the rising investments and initiatives by various government across the region in smart city projects. Additionally, growing concerns regarding safety and security and increasing criminal activities in various countries in the region are further propelling the demand for CCTV camera installation. Presence of major market players including Hangzhou Hikvision Digital Technology Co. Ltd and Panasonic Corporation, among others in countries such as China and Japan is further anticipated to boost the CCTV camera market growth in the region.

Competitive Landscape

Hangzhou Hikvision Digital Technology Co. Ltd is known for providing a wide range of physical security products and alarm systems, among others. The company was founded in 2001 and is headquartered in Hangzhou, China.

Honeywell International Inc. is an appliance, electrical, and electronics manufacturing company that was founded in 1906 and is headquartered in North Carolina, United States. The company primarily focuses on performance technologies and materials, and building technologies, among others.

Panasonic Corporation is an appliance, electrical and electronics manufacturing company that was established in 1918 and is headquartered in Osaka, Japan. They are committed towards enhancing the wellbeing of the society and the lives of individuals across the globe.

Other major players in the CCTV camera market include Axis Communications AB, Sony Corporation, Bosch Sicherheitssysteme GmbH, Dahua Technology Co., Ltd, Hanwha Vision CO., LTD., AVTECH Corporation, and Aditya Infotech Ltd, among others.

Key Highlights of the Report

CCTV Camera Market Report Snapshots

CCTV Camera Market Size

CCTV Camera Market Share

CCTV Camera Market Analysis

CCTV Camera Companies