The Global CCTV Camera Market Size Was Valued At USD 31.88 Billion In 2021. The Market Is Projected To Grow From USD 35.47 Billion In 2022 To USD 105.20 Billion By 2030, Exhibiting A CAGR Of 16.8% During The Forecast Period.

CCTV Camera Market Overview:

The global COVID-19 pandemic has been unprecedented and shocking. Demand for CCTV cameras is lower than expected in all regions compared to levels before the pandemic. Based on our research, the global market for CCTV cameras will be 4.6% smaller in 2020 than it was in 2019.

The signal from a CCTV camera goes to a certain place. It is made up of a recorder and a set of screens that show what is going on in a company or store. It is used a lot in places like banks, financial institutions, educational complexes, businesses, and public spaces to make them safer.

CCTV camera companies like Bosch Security Systems Inc., Mobotix AG, Dahua Technologies, Honeywell Security Group, Panasonic System Networks Co., Ltd., Axis Communications AB, and others offer security system products. These players come with different kinds of cameras, such as dome, PTZ, box, bullet, C-mounted, and others. The market is being driven by the increasing use of security systems, as well as by investments in smart cities and government programmes to protect the public. The Smart City Association Report from 2021 says that by 2026, the smart city market will be worth USD 3.5 trillion.

Advanced digital technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and others are built into these surveillance systems. These technologies help make businesses, individuals, and the public safer. Several market leaders are making security and surveillance systems with AI and IoT technologies to meet the growing demand for security.

Market Dynamics:

Latest Trends:

Market growth will be driven by the growing use of AI-based cameras in businesses and public places.

AI and deep learning are advanced technologies that are built into these cameras. The artificial intelligence (AI) technology adds things like face detection, network video recording, and more. These are compatible with technology and give better 360-degree vision across the surveillance industries. Several of the market's biggest players are making advanced surveillance systems that use AI to meet the growing demand for security in public places.

Driving Factors:

More and more homes and businesses are getting security systems. helps the market grow

CCTV cameras are used in homes and businesses all over the world to keep people safe. It was built with high-tech tools like infrared, artificial intelligence, and deep learning to make public and private spaces safer. Also, more homes and businesses are being broken into, and more people are learning about surveillance cameras, which helps the market grow.

The market is growing because more homes and businesses are getting cameras to cut down on crime and protect their assets. Around the world, governments are using more and more surveillance cameras to keep an eye on their people. More and more surveillance systems are being put in place in cities on every continent. According to the PreciseSecurity Report, more than a billion cameras have been set up around the world, with about 200 million surveillance systems set up all over China. Also, there are about 50 million surveillance systems in the United States and about 5.2 million in Germany.

The growth of the global CCTV camera market is driven by the growing use of these systems in public places to keep an eye on things.

Restraining Factors:

Data security worries about video surveillance slow the growth of the market.

Growing privacy concerns about keeping video data safe from hackers and thieves are likely to slow people down from buying products. There is a high chance that video data from camera recorders in the public cloud will be misused, and organizations can't store video footage because of the number of data breaches. Cyber-attacks are more likely to happen on networked video surveillance systems, and hackers use Distributed Denial of Service (DDoS) attacks to take down specific systems. Also, the high cost of making systems based on advanced technology slows the growth of the market.

Segmentation Analysis:

By Camera Type Analysis:

The market is split into box CCTV, bullet CCTV, dome CCTV, C-mounted CCTV, PTZ cameras, and other types (infrared camera). In 2021, the largest share was in the dome CCTV segment. This is mostly because more public places are using these products to protect government assets. As part of a government project, Bhubaneswar Smart City Limited in India set up more than 350 high-end dome cameras to watch over the smart city in September 2022. The market has grown because more people are living in cities and the world's population is growing quickly.

During the forecast period, the segment of PTZ cameras is expected to grow at the fastest rate. The growth of the market is helped by the growing use of AI-based PTZ systems that have a wide range of smart features and zoom.

By Technology Analysis:

The growth of the market is driven by the number of businesses that use it.

By technology, the market is split into analogue, IP (network) camera, and other types (wireless camera). In 2021, the world market was led by the analogue segment. This is mostly because of a rise in demand in public places and a rise in adoption in public places, both of which are caused by a rise in government projects for smart cities.

During the period of the forecast, the IP camera (network) segment is expected to grow at the fastest rate. The growth of the market is driven by rising investments in infrastructure and the quick adoption of new ways to protect assets.

By End User Analysis:

The BFSI sector will be the most likely to use surveillance systems, and the government sector will grow at an exponential rate.

Banking, Financial Services, and Insurance (BFSI), Homeland Security, Retail, Residential, Logistics & Transportation, Hospitality, Government, Commercial Spaces, and Others are the different types of end users in the market (energy & power). In 2021, BFSI had the biggest share of the market. This is mostly because more banks are using cameras to protect their assets. The Reserve Bank of India (RBI) has made it mandatory for banks to have vigilance systems. These systems make sure that all bank transactions are being watched, which stops mistakes and makes banks more open.

During the time frame of the forecast, the government segment is growing at a moderate CAGR. This is because more and more public places are getting security systems to stop crime and other problems. In March 2022, the Delhi government in India planned to spend about USD 32.07 million to install 1.3 million surveillance systems for the next five years.

Regional Insights:

Due to more government initiatives and investments in smart city projects, Asia Pacific is expected to lead the world market. According to the World Construction Report for 2021, China's investments in smart city projects that use advanced technologies reached around USD 30 billion in 2021 and are expected to reach USD 38.92 billion. With more money going into smart cities, the product is in high demand to protect government assets. Also, a UN report says that by 2021, about 54% of the world's cameras, or about 540 million surveillance systems, will be in China. China is home to about 1.46 billion people, and there are about 372.8 cameras for every 1,000 people living there.

During the time frame of the forecast, North America is growing at a moderate CAGR. This is because there is more demand from public places and more projects to improve infrastructure. Also, the growing number of break-ins and thefts in the U.S. and Canada is likely to help the market grow. The U.S. Federal Government says that there were about 91,628 burglaries in the U.S. in 2021, with most of them happening in North Carolina, Washington, Colorado, and Ohio.

Over the next few years, Europe is expected to grow at a moderate rate. Countries in the Asia-Pacific region, such as China, Japan, and others, sell surveillance systems to Europe. Several governments in places like Germany, the United Kingdom, and France are taking important steps to protect their assets by putting in place smart surveillance systems. According to the Analysis Report, the U.K. has more than 5.2 million surveillance systems, with about one camera for every 13 people in public surveillance, residential surveillance, and doorbell systems. About 96% of cameras in the U.K. are run by private homes and businesses.

During the period of the forecast, the Middle East and Africa is expected to grow at a moderate CAGR. This is because the UAE, Saudi Arabia, and other GCC countries are importing more public surveillance devices.

During the time frame of the forecast, South America is growing at a moderate CAGR. This is mostly because more people in Brazil, Argentina, and other places are getting CCTV camera systems. Salvador, Brazil, has more than 7,300 cameras, Rio de Janeiro has 4,500, and Sao Paulo has about 2,623.

Scope Analysis

Recent Development:

• September 2022 – Airtel launched its 'Xsafe' end-to-end home surveillance system solution. The company has launched the system in 40 cities in India, including Chennai, Mumbai, Delhi, Kolkata and Bengaluru. Airtel India based telecommunications company offers three types of surveillance systems.
• September 2022 – Sony Electronics Inc. launched the FX30 camera, the Cinema Line. The FX30 is a 4K Super 35 compact offering professional features for the cinema line.
• September 2022 – Honeywell Security Group launched an IP surveillance system with ONVIF integration to record video with the new technology. It is designed to meet customers' security requirements and integration with MAXPRO NVRs.
• September 2022 – Axis Communications AB introduces Axis M11's new generation of box surveillance systems that deliver effective image quality. It was designed with the Axis M1137 Mk II and M1135 Mk II in indoor models and offered 2MP and 5MP resolution respectively. The model has a built-in microphone and audio recording.
• December 2021 – Mobotix AG launches 18 advanced products featuring innovative surveillance systems and software solutions. This innovative solution includes Splash technology and the MOBOTIX7 cloud-based monitoring platform.

Market Segmentation

By Camera Type:

• Box CCTV
• Bullet CCTV
• Dome CCTV
• C-Mounted
• PTZ Camera
• Others

By Technology:

• IP Camera
• Analog
• Others

By End User:

• BFSI
• Homeland Security
• Retail
• Residential
• Logistics & Transportation
• Hospitality
• Government
• Commercial Spaces
• Others

By Companies:

• Bosch Security Systems Inc. (U.S.)
• Honeywell Security Group (U.S.)
• Hangzhou Hikvision Digital Technology Co., Ltd. (China)
• Axis Communications AB (Sweden)
• Mobotix AG (Germany)
• Zhejiang Dahua Technology Co., Ltd. (China)
• Panasonic System Networks Co., Ltd. (Japan)
• Geovision Inc. (Germany)
• Sony electronics Ltd. (Japan)
• FLIR Systems Inc. (U.S.)
• Others