The global CCTV camera market is projected to account for USD 31990.8 million by 2024, registering a CAGR of 12.90% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years. Over the past two decades, governments, businesses, enterprises, and residents across the globe have become attentive towards preventing their people and assets from potential threats, such as thefts, terrorist attacks, civil unrest, and natural disasters. Safety of people and assets require real-time monitoring of activities in public places and surroundings. Video surveillance plays a vital role in the development of smarter and safer cities by reducing crime rates and implementing preventive measures.
Competitive Analysis
The key players of the global CCTV camera market are FLIR Systems, Inc. (US), Bosch Security Systems (Germany), CP Plus International (India), Digital Watchdog, Inc. (US), Hangzhou Hikvision Digital Technology Co., Ltd (China), Sony Corporation (Japan), Honeywell International, Inc. (US), Axis Communications AB (Sweden), Hanwha Techwin Co., Ltd (South Korea), and Dahua Technology Co., Ltd (China), among others.
In May 2019, Bosch launched a new product, namely FLEXIDOME IP starlight 8000i fixed dome camera, developed to simplify the video security process. This product can integrate with a smart camera to provide functionalities such as the pan, tilt, roll, and zoom (PTRZ). It also has higher resolutions and frame rates, better light sensitivity, and excellent dynamic ranges, which help in distinguishing individuals or objects for evidence.
In April 2019, FLIR launched a thermal imaging camera that detects heat and provides visibility through smoke and in complete darkness. The product is expected to be used for fire control, search and rescue operations, investigative work, and preventing structural damage.
Global CCTV Camera Market: Regional Analysis
The regions covered in the report include Europe, Asia Pacific (APAC), North America among others. North America is the largest CCTV camera market. The region is likely to remain highly profitable during the assessment period. Existence of advanced infrastructure and high demand foe network-base video surveillance solutions in the US are among the major market drivers.
Segmental Analysis
Based on product, the global CCTV camera market has been divided into product, technology, application, resolution, services, and region.
By technology, the global CCTV camera market has been segmented into IP security camera and analog camera. The IP security camera segment accounted for the larger market share in 2018, with a market value of USD 11,694.5 million; it is expected to register the higher CAGR during the forecast period. The analog camera segment was the second-largest market in 2018. IP security cameras are primarily connected to an IP network using an Ethernet connection. IP cameras and video servers are equipped with built-in web servers so that the transmitted surveillance video can be viewed directly on the camera, with the use of a web browser over the Internet. Analog cameras can turn the video signal into a format that can be received by a television or other receivers such as VCRs or monitors.
The application segments covered under the scope of the market are commercial, residential, and industrial. The commercial segment accounted for the larger market share in 2018, with a market value of USD 7,307.6 million; it is expected to register the higher CAGR during the forecast period. The residential segment was the second-largest market in 2018. Commercial buildings witness a high footfall on a daily basis. Risk of theft, liability, vandalism, and inappropriate employee behavior are some issues faced by commercial businesses. The adoption of CCTV cameras for residential purposes has increased significantly over the past few years. Individuals with long, hectic work schedules generally opt for surveillance solutions to keep track of their pets, kids, and elderly members of the family. Manufacturing units and factory sites are highly susceptible to accidents and mishaps, which might lead to serious injuries or even fatality.
For More Information@
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
According to Market Research Future (MRFR), the global CCTV camera market valuation is poised to reach approximately USD 31,190 MN by 2024, registering a 12.90% CAGR throughout the review period (2019-2024).
Additionally, increasing installations of CCTV camera-based surveillance mechanism systems for public security & protection influence market growth.
Increasing installations of CCTV cameras with recording facilities covering all sensitive areas by law enforcement agencies propel the market's growth.
Global CCTV Camera Market– Competitive Analysis Major Players: Players leading the global CCTV camera market include Bosch Security Systems (Germany), FLIR Systems, Inc (US), CP Plus International (India), Hangzhou Hikvision Digital Technology Co., Ltd (China), Digital Watchdog, Inc (US), Sony Corporation (Japan), Axis Communications AB (Sweden), Honeywell International, Inc. (US), Dahua Technology Co., Ltd (China), and Hanwha Techwin Co., Ltd (South Korea), and among others.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/8160Global CCTV Camera Market– SegmentsBy Product : Dome Security Camera, Bullet Security Camera, PTZ Security Camera, Thermal Security Camera, Box Security Camera, and others.By Technology: IP Security Camera and Analog Camera.By Application: Residential, Commercial, and Industrial.
By Resolution : HD, Non-HD, Digital, and others.By Service : Professional Services and Managed Services.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World.Global CCTV Camera Market – Regional Analysis North America leads the global CCTV camera market.
This report on the Global CCTV Camera Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.
This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.
It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the CCTV Camera Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/cctv-camera-market-2022Global CCTV Camera Market Competitive Analysis:Samsung TechwinHoneywell International Inc.Baxawell, HikvisionToshiba CorporationPanasonic System Network Co. LimitedSchneider ElectricAxis CorporationADT Security SystemsBosch Security Systems Inc.Checkpoint systemVicon industriesMitsubishi ElectricDrivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the CCTV Camera Market industry.
Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.
Moreover, the report also lists out regions that are expected to show maximum potential for market growth in the years to come.
*All our reports are customizable as per customer requirementsThis study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027.
OverviewThe Global CCTV Camera Market is projected to account for USD 31990.8 million by 2024, registering a CAGR of 12.90% during the forecast period.
Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
Over the past two decades, governments, businesses, enterprises, and residents across the globe have become attentive towards preventing their people and assets from potential threats, such as thefts, terrorist attacks, civil unrest, and natural disasters.
These cameras are commonly used in surveillance systems inside homes, casinos, retail stores, and restaurants.
Pan/Tilt/Zoom (PTZ) cameras allow users to control the pan, tilt, and/or zoom operations of the lens through a surveillance DVR or remotely.
Thermal cameras can work under all weather conditions and are primarily suited for outdoor applications.
Global CCTV Camera Market Research Report: by Product (Bullet Security Camera, Dome Security Camera, PTZ Security Camera, Box Security Camera and Thermal Security Camera), by Technology (IP Security Camera and Analog Camera), by Application (Commercial, Residential, and Industrial), by Resolution (HD, Non-HD), by Services (Professional Service and Managed Service), by Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2024CCTV Camera Market HighlightsThe global CCTV camera market spans across North America, Europe, Asia-Pacific, and the rest of the world.The growing adoption of smart homes, increasing awareness regarding security and safety and ease of installation rising adoption are expected to drive the market during forecast period.
Advancements in wireless IP cameras and emerging smart city initiatives are expected to create opportunities for the CCTV camera market.
However, issues regarding privacy and loss of data are expected to limit the market growth during the forecast period.The geographic analysis of the CCTV camera market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
Vendors in the CCTV camera market are focusing on improving their services and expanding into the underdeveloped and developing economies.
The improvement of the global economic scenario combined with technological advancements in the emerging economiesGet Sample @ https://www.marketresearchfuture.com/sample_request/8160In 2018, the UK accounted for the largest market share 2018; the market is expected to register the highest CAGR during the forecast period.
The rest of Europe was the second-largest market in 2018.Competitive AnalysisThe key players of the global CCTV camera market are FLIR Systems, Inc. (US), Bosch Security Systems (Germany), CP Plus International (India), Digital Watchdog, Inc. (US), Hangzhou Hikvision Digital Technology Co., Ltd (China), Sony Corporation (Japan), Honeywell International, Inc. (US), Axis Communications AB (Sweden), Hanwha Techwin Co., Ltd (South Korea), and Dahua Technology Co., Ltd (China), among others.In May 2019, Bosch launched a new product, namely FLEXIDOME IP starlight 8000i fixed dome camera, developed to simplify the video security process.
