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
Global CCTV Camera Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global CCTV Camera market. This report provides a detailed overview of key factors in the CCTV Camera Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for CCTV Camera in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
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Market Overview:
The COVID-19 pandemic has been shocking and has never happened before. When compared to levels before the pandemic, demand for CCTV cameras is lower than expected in all areas. According to our research, the global market for CCTV cameras will be 4.6% smaller in 2020 than it was in 2019.
A CCTV camera sends a signal to a certain place. It has a recorder and a set of screens that show what is going on in a company or store. It is often used to make places safer, like banks, financial institutions, schools, businesses, and public spaces.
Companies that make security system products include Bosch Security Systems Inc., Mobotix AG, Dahua Technologies, Honeywell Security Group, Panasonic System Networks Co., Ltd., Axis Communications AB, and others. There are different kinds of cameras that come with these players, including dome, PTZ, box, bullet, C-mounted, and others. The market is growing because more people are using security systems and because smart cities and government programmes to protect the public are getting more money. According to a report from the Smart City Association from 2021, the smart city market will be worth USD 3.5 trillion by 2026.
Some of the key players profiled in the study are
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.), and Others.
CCTV Camera 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
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
Asia-Pacific is expected to lead the world market because the government is putting more money and time into smart city projects. According to the World Construction Report for 2021, China’s investments in smart city projects that use advanced technologies reached about USD 30 billion in 2021 and are expected to reach USD 38.92 billion. Since smart cities are getting more money, this product is in high demand to protect government assets. Also, a UN report says that by 2021, about 540 million surveillance systems, or 54% of the world’s cameras, will be in China. China is home to about 1.46 billion people, and for every 1,000 people who live there, there are about 372.8 cameras.
North America is growing at a moderate CAGR during the time frame of the forecast. This is because public places are asking for more and there are more projects to improve infrastructure. Also, the rising number of break-ins and thefts in the U.S. and Canada is likely to help the market grow. In 2021, there were about 91,628 burglaries in the United States, most of which happened in North Carolina, Washington, Colorado, and Ohio.
Europe is likely to grow at a moderate rate over the next few years. Europe buys surveillance systems from Asia-Pacific countries like China, Japan, and others. Several governments, including those in Germany, the UK, and France, are putting in place smart surveillance systems to protect their assets. The Analysis Report says that 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. In the U.K., private homes and businesses run about 96% of the cameras.
The Middle East and Africa are expected to grow at a moderate CAGR during the time period of the forecast. This is happening because the UAE, Saudi Arabia, and other GCC countries are bringing in more devices for public surveillance.
South America is growing at a moderate rate during the time frame of the forecast. This is mostly because more people are getting CCTV camera systems in Brazil, Argentina, and other places. Salvador, Brazil, has more than 7,300 cameras, Rio de Janeiro has 4,500, and Sao Paulo has about 2,623.
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Table of Content of CCTV Camera Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global CCTV Camera market (2023-2030).
2: Exclusive Summary – the basic information of the Global CCTV Camera Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global CCTV Camera; Post COVID Analysis.
4: Presenting the Global CCTV Camera Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global CCTV Camera Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2030).
… To be continued
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Key Questions Answered in the CCTV Camera Market Report:
- How much was the global CCTV Camera market in 2022?
- How much will the global CCTV Camera market worth in 2030?
- At what compound annual growth rate will the global CCTV Camera market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global CCTV Camera market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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