Global Closed Circuit Television (CCTV) Camera Market – Industry Trends and Forecast to 2030

 Closed Circuit Television (CCTV) Camera Market Analysis and Size

Day by day the safety concern increases all over the globe. In the world around 866.8 cases per 100,000 population are found related to security and safety of people. Theses is major factor which enhance the market growth. CCTV cameras are commonly used in government and defense offices due to geopolitical issues and terrorist attacks. Moreover, companies such as Axis Communication AB, Bosch security and Geovision generally focus on reaching untapped and rural areas to upsurge the application of CCTV cameras. The developing rural countries have enormous demand for the CCTV market during the forecast period.

Data Bridge Market Research analyses that the closed circuit television (CCTV) camera market is expected to reach USD 26.87 billion by 2030, which is USD 10.40 billion in 2022, at a CAGR of 12.60% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Closed Circuit Television (CCTV) Camera Market Scope and Segmentation

Market Definition

Closed circuit television (CCTV) system is also known as video surveillance, mainly used for monitoring and security purposes. The digital video recording system is integrated to CCTV video cameras, to store data. Closed circuit television (CCTV) cameras are used for numerous purposes such as monitoring activities, gathering evidence, and recording. Furthermore, they help to decrease the crime rate. Several types of CCTV cameras are available in the global market such as IP camera and motion detector camera to detect movement, and also delivers additional features such as audio recording with video and other. The digital CCTV camera system offers clear coloured images and is available in different shapes and sizes, making it easy for installation.

Closed Circuit Television (CCTV) Camera Market Dynamics

Drivers

• Growing criminal activity and concerns for security

Substantial rise in criminal activity has been witnessed significant growth in the demand of closed circuit television (CCTV) camera to ensure the safety of citizens over the last few years. Government initiatives to use more security systems in public places have driven sales of dome, bullet, IP, and other surveillance cameras. Moreover, growing crime rate has also boosted demand for the CCTV cameras for homes. Home CCTV systems are anticipated to witness a surge in demand as urbanization paces. Therefore, the growing criminal activity and concerns for security is expected to drive the growth of the market.

• Surging usage of video system solutions

Numerous organizations have started using video system solutions due of their high reliance on security system due to which the demand for the closed circuit television (CCTV) camera increases. For instance, in November 2021, InfiNet Wireless, a European company, successfully deployed video surveillance system solutions in North West Mexico. This project was accepted together with a system integrator and global VoIP. They also installed several high performance base station sectors to video streams and route data to a central control room.

Opportunities

• Rising government initiatives to improve security

Rising government initiatives to improve security will create immense opportunities for the market growth of the market. These initiatives have also helped propel the sales of the CCTV cameras in numerous countries. For instance, Indian Railways has started the installation of IP cameras to boost passenger safety and their security in rail travel. Surveillance cameras will be installed across major stations nationwide and this installation is expected to be accomplished by March 2022.

• New product launches by manufacturers of CCTV camera in line with tech advances

CCTV camera manufacturers are developing new products to meet changing technological advancements and integrating technologies such as facial and AI recognition. As demand for security systems and surveillance systems increases, CCTV camera companies are focusing on the launch of advanced and new products. For instance, Hikvision, which is renowned name in the security and surveillance systems copany revealed its new intelligent radar PTZ camera in October 2021. This surveillance camera is equipped with a 40X long-range zoom and is of 4 MP resolution. Hikvision cameras are one of the top offerings in the global CCTV camera market landscape.

Restraints

• Concerns regarding Chinese manufacturing technology

Concerns regarding Chinese manufacturing technology in numerous nations such as the U.S. are anticipated to act as major restraint for the market growth. For instance, U.S. regulators were contemplating a ban on the some Chinese products in June 2021, which included surveillance camera companies such as Dahua Technology and Hangzhou Hikvision Digital Technology. The bill was approved in October 2021 and propelled to the U.S. president for approval.

This closed circuit television (CCTV) camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the closed circuit television (CCTV) camera market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Closed Circuit Television (CCTV) Camera Market

The outbreak of COVID-19 pandemic had an adverse impact on most markets all around the globe. As coronavirus spread throughout the globe and created a pandemic situation, numerous nations forced lockdowns to curb the spread of virus. These lockdown orders to restricted activities such as distribution and manufacturing of multiple products, and also created disruptions to supply chains. However, trades of CCTV cameras maintained a sturdy stance during pandemic owing to the growing scope of application of CCTV cameras in the detection of coronavirus infections. Consumption of CCTV cameras is expected to see a sturdy growth in the post-pandemic era, and products such as Wi-Fi CCTV cameras, wireless CCTV systems, wireless IP cameras, dome cameras and others are likely to witness good sales.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2021, Johnson Controls announced launching its new IP cameras, mainly in the dome camera format. Tyco Illustra Pro Gen4 has been launched in 8 MP, 4 MP and 2MP configurations. These mini-dome cameras are comprehensive of the growing IP camera portfolio of Johnson Controls concentrating on Edge AI classifications.

Global Closed Circuit Television (CCTV) Camera Market Scope

The closed circuit television (CCTV) camera market is segmented based on product, technology, application, resolution and services. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Bullet Security Camera
• Dome Security Camera
• PTZ Security Camera
• Box Security Camera
• Thermal Security Camera

 Technology

• IP Security Camera
• Analog Camera

 Application

• Commercial
• Residential
• Industrial
• Government Use

Resolution

• HD
• Non-HD

 Services

• Professional Service
• Managed Service

 Closed Circuit Television (CCTV) Camera Market Regional Analysis/Insights

The closed circuit television (CCTV) camera market is analyzed and market size insights and trends are provided by country, product, technology, application, resolution and services as referenced above.

The countries covered in the closed circuit television (CCTV) camera market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the closed circuit television (CCTV) camera market in revenue growth owing to the increasing number of companies offering technologically advanced services and product. Moreover, increasing growth in alteration from analog surveillance to IP cameras in this region.

North America is projected to be the fastest developing region during the forecast period of 2023-2030 owing to increasing concerns regarding road safety and rise in requirement of safety in high-risk areas in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Closed Circuit Television (CCTV) Camera Market Share Analysis

The closed circuit television (CCTV) camera market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to closed circuit television (CCTV) camera market.

Some of the major players operating in the closed circuit television (CCTV) camera market are:

• Panasonic Corporation (Japan)
• SAMSUNG (South Korea)
• Cisco (U.S.)
• Sony Corporation (Japan)
• Dahua Technology Co., Ltd (China)
• Avigilon Corporation (Canada)
• Hangzhou Hikvision Digital Technology Co. Ltd. (China)
• Pelco (U.S.)
• HONEYWELL INTERNATIONAL INC (U.S.)
• Axis Communications AB. (Sweden)
• Canon India Pvt Ltd. (India)
• Bosch Sicherheitssysteme GmbH (Germany)
• Schneider Electric (France)
• Johnson Controls (Ireland)
• Pioneer System (U.S.)
• Mitsubishi Electric Corporation (Japan)
• Vicon (U.S.)

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