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 2024
The 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. North America is expected to dominate the CCTV camera market during the forecast period due to the high adoption of CCTV cameras by the government for surveillance. Among the major countries in North America, the US exhibited a steady growth in the CCTV camera market over the last decade. The US and Canada are the countries where adoption and advancement in technology is high. Consumers in the countries purchase CCTV cameras for security purpose.
Asia-Pacific was the second largest market in 2018, valued at USD 4,897.8 million; the market is projected to exhibit the highest CAGR during forecast period. China accounted for the largest market share of 46.87% in 2018. The rest of Asia-Pacific was the second-largest market in 2018. However, the market in India is expected to register the highest CAGR during forecast period. 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 economies
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In 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 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.
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.
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Key Players
The key players of 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.
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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.
The report covers an overview of the industry along with a detailed explanation that provides a lot of insight.
The report also analyzes the production as well as management technology in various end-user industries.
An in-depth study in some new and prominent industry trends, analysis of the competition and regional analysis that is very detailed have been included in the report of the CCTV Camera market for the review period of 2020 – 2027.There are many different factors that have caused the quick expansion of the CCTV Camera market.
In addition to the above, government initiatives, as well as the competitive landscape that exists in the CCTV Camera market through the forecast period, has been analyzed.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 Key Companies:Samsung TechwinHoneywell International Inc.Baxawell, HikvisionToshiba CorporationPanasonic System Network Co. LimitedSchneider ElectricAxis CorporationADT Security SystemsBosch Security Systems Inc.Checkpoint systemVicon industriesMitsubishi ElectricThe base year of the study is 2020 and the forecast period stretches all the way till 2027.
This has led to the creation of a strong understanding of the market for the upcoming years.
In addition to this, different latent growth factors, opportunities and restraints are evaluated for this advanced study and suggestions are made for the market that pertains to the forecast period.SegmentationThe CCTV Camera market covers different regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
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.
Market Research Future (MRFR) reports the global CCTV camera market is set to capture 12.90% CAGR during the assessment period (2019–2024).
The market is likely to touch a valuation of USD 31990.8 million by the year 2024.
Theses cameras are increasingly used for preventing theft, civil unrest, anti-social activities etc.Global CCTV Camera Market: Segmental AnalysisThe segmental analysis of the market has been conducted based on services, application, product, resolution, and technology.On the basis of services, the market has been segmented into managed service and professional services.
Of these, the professional services segment currently commands the lion’s share of the market.
This is mainly owing increased demand for professional services (maintenance, support and installation).
Meanwhile, the residential segment holds the second spot and is likely to retain its position over 2024.On the basis of product, the market has been segmented into dome security camera, box security camera, bullet security camera, thermal security camera and PTZ security camera.
