Security Camera Market Overview
The global Security Camera Market
was valued at $2.68 billion in 2021 and is expected to reach a valuation of $5.81
billion by 2027 growing at a CAGR of 5.1% for the period 2022-2027. The increasing demand for video
analytics, growing penetration of smart homes, and rapid urbanization in
developing countries are some of the key factors that are driving the growth of
this market. The advent of COVID necessitated the government to track people
which further propelled the growth of the market in the present scenario. Apart
from this, the growing number of security breaches, acts of terrorism, and
concerns regarding public safety has led to many governments in the world
mandating the installation of video recording devices, IP cameras, infrared
bullet cameras, and others in public places, educational institutions,
hospitals, and other critical infrastructure and industrial sites. The
advancement in technologies such as artificial intelligence, 360-degree vision,
remote access capabilities, night-vision, and others will solve many
long-standing problems such as providing a wider field of view and recalling
number plates which will encourage faster adoption of security cameras by
existing players. Such developments will propel the growth of this market.
Report Coverage
The report: “Security Camera Market (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of the Security Camera Market.
Key Takeaways
- Integration of advanced technologies such as artificial intelligence, facial recognition technologies, and night vision in modern security camera systems as well as increasing investments from governments and other security agencies are expected to significantly drive the Security Camera market during the forecast period 2022-2027.
- Internet Protocol cameras segment is anticipated to grow with the highest CAGR of 6.02% during 2022-2027
- Government policies of various European countries, the US, India and China mandating the installation of security cameras in public places for tracking and prevention of unlawful activities will also provide a big boost and help in expanding the market of security cameras.
Security Camera Market Value Share, By Geography 2021, (%)
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Security Camera Market Segment Analysis- By Type
The security
cameras market can be broadly classified into three segments: Analog Cameras,
IP Cameras, and PTZ Cameras. IP Camera is the fastest-growing segment in
the Security Camera market with a CAGR of 6.02% between 2022-and 2027. Higher
video quality, wide field of view, greater resolution, coupled with the ability
to send images over long distances without compromising on picture quality are
some of the major factors that have been driving the growth of the IP camera
segment. The installation of several advanced sensors in an IP camera, data
encryption along with the ability of remote access give IP cameras a distinct
advantage over analog cameras. In April 2022, Teledyne FLIR, part of Teledyne
Technologies Inc. launched its high-performance Hadron 640R combined
radiometric thermal and visible dual-camera module which is optimized for
integration with unmanned aircraft systems (UAS), unmanned ground vehicles
(UGV), robotic platforms, and emerging AI-ready applications where battery life
and run-time are critical. These technological developments will enhance the intelligence,
sensitivity, and analytics capabilities of IP cameras which will encourage their
faster adoption by individuals and organizations alike thereby accelerating the
growth of this market.
Security Camera Market Segment Analysis- By End User
The residential
properties segment is forecasted to grow with the highest CAGR of 6.25% between
2022-and 2027. The sharp recovery of the economy, low-interest rates on home
loans, and tax incentives are some of the key factors that are driving the
growth of the residential real estate market in India. According to Anarock
Property Consultants, in 2021, 2,37,000 units were sold which was 90% of
pre-Covid levels. The NCRB data for 2020 shows an uptick in violence in
metropolitan areas with Chennai recording the highest number of murders at 15
followed by Mumbai and Bengaluru. Similar trends have also been observed in the
cases of assault against senior citizens and women. In March 2022, the Gujarat
Public Safety Enforcement Bill was passed which mandated the installation of
CCTVs at certain establishments and allowed the law enforcement agencies access
to CCTV footage for purposes of prevention, detection, and investigation of
criminal cases. These developments coupled with greater investments by
individuals and organizations for their security purposes will propel the
growth of this market.
Security Camera Market Segment Analysis-
By Geography
The APAC market is expected to grow at a CAGR of 6.85% in the forecast period 2022-2027. The factors that are propelling the growth of the Security Camera market in APAC are rising demand for round-the-clock surveillance in public places, and industrial and commercial sites, rapid adoption of security cameras by individuals for residential security, and enhanced capabilities due to technological advancements. The installation of security cameras in educational institutions, integration of security cameras with various aerial and other surveillance platforms, and critical infrastructure will provide a big boost to the growth of this market. Apart from this, many governments in this region are compelled to install sophisticated security cameras at their borders to prevent infiltration, terrorism, and other unsolicited events. In April 2022, Odisha, a state in India launched a tender for the integration of facial recognition technology for public CCTV deployment in its third largest city, Rourkela. Factors such as rapid technological advancement, lower costs, government policies, and security challenges will accelerate market growth.
Security Camera Market Drivers
Rapid Deployment of Security cameras in Emerging Countries:
Rapid urbanization, increase in security threats, and government policies leading to widespread adoption of security cameras. The rapid growth of infrastructure, urbanization, and security threats are the main driving factors behind the rapid expansion of the security camera market in developing economies. The breakneck speed of urbanization and infrastructural development coupled with the need to counter security threats and protect critical infrastructure are the key factors that are driving the growth of the market. Apart from this, the rise in crime in metropolitan cities against the elderly, women and the need to track the migrant populations has led to the rapid adoption of security cameras by individuals and security agencies alike. Lowering costs along with significant technological advancements such as integration of sophisticated sensors for better understanding of the environment, wider field of view, and remote access are also giving a significant boost to this market. In April 2022, the Government of India announced the installation of CCTV in the marketplace in Jammu & Kashmir after a slew of targeted killings. The factors such as rapid urbanization, and rising security threats both internal and external are the main factors that will drive the growth of this market.
Increase in Government Spending on Installation of Security Cameras:
Rise in internal and external threats leading to government legislation mandating CCTV installation in public places and places of national strategic interest. The rise in terrorist activities especially in the urban centers across the globe, especially in Middle-East and South Asia has led to governments across the globe adopting mass surveillance as a technique to combat it which has led to the installation of CCTV in all public places of all major metropolitan cities giving a major boost to the security camera market. From educational institutions, classrooms, and hospitals to railway stations, airports, and other logistical junctions, the security agencies of the government have installed security cameras in all public places. The integration of specialized cameras in drones to do area surveillance, terrain reconnaissance and weather inspection positively impact the growth of this market. The rapid adoption of sophisticated security cameras enabled with advanced technologies by the armed forces of some of the major countries to do maritime patrolling, area survey and spot infiltration have been one of the key drivers of this market. In April 2022, the Chicago Police department announced that they will give tax rebates to residents concerned about violent crime to defray the cost of camera installation. Such developments coupled with rising crimes, urgent need for data collection, and technological advancements are some of the main reasons behind the growth of this market.
Security Camera Market Challenges
Privacy and Security Concerns among the Public
The expose of
government mass surveillance programs intruding through personal data of its
citizens which is in no way connected to countering security threats has
greatly affected public opinion about the installation of CCTV. The expose of
Edward Snowden of the US PRISM Program galvanized public opinion against mass
surveillance and being a component of the surveillance ecosystem, the negative
public sentiment severely affected the Security Cameras industry. The abuse of
the information derived from these surveillance systems by dictators in
authoritarian countries also causes widespread concern among the public
regarding the adoption of such systems, especially in democracies. Apart from
this, the vulnerability of security cameras to external interference negatively
impacts market growth. Such developments pose significant challenges to the
expansion of the security camera market size.
Security Camera Market Landscape
Product launches, collaborations, and R&D activities are key strategies adopted by players in the Automotive HUD System market. The top 10 companies in the Security Cameras market are
- Samsung
- SONY
- Sanyo
- Avtech
- Zicom
- Panasonic
- Honeywell
- LG Electronics
- Schneider Electric
- Godrej
Recent Developments
- In March 2022, Panasonic launched an expanded portfolio of S-Series AI cameras that deliver higher levels of intelligence at the edge along with a unique combination of imaging performance and versatile features. Such technological advancements will solve long-standing problems such as field of view and image quality at longer distances under low light which will encourage its rapid adoption by people which in turn will positively affect the market.
- In July 2021, Godrej launched its Wifi- enabled Spotlight range of home cameras which are also equipped with Amazon Web Services (AWS) world-class cloud infrastructure, including on-shore data centers in India, as well as Internet of Things (IoT), analytics, and security services for easy to use cloud storage options, and secure data transfer between the camera and the cloud. Such technological advancements coupled with the price point at which the camera is available will encourage the rapid deployment of security cameras by both organizations and individuals alike which will accelerate the market growth.
- In October 2021, Honeywell secured the Bangalore Safe City Project whereby they would develop an integrated Command & Control Center to manage a state-of-the-art video system with more than 7,000 cameras deployed at more than 3,000 locations across the city. Such developments will positively impact the safety and security of women which in turn would lead to its widespread adoption thereby driving the growth of the market.
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LIST OF TABLES
1.Global Security Cameras Market By System Market 2019-2024 ($M)1.1 Analog System Market 2019-2024 ($M) - Global Industry Research
1.2 IP Based System Market 2019-2024 ($M) - Global Industry Research
1.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 ($M) - Global Industry Research
2.Global Security Cameras Market By Resolution Market 2019-2024 ($M)
2.1 Market Overview Market 2019-2024 ($M) - Global Industry Research
2.2 Expected Growth Opportunities Market 2019-2024 ($M) - Global Industry Research
2.3 Camera Resolution By Application Market 2019-2024 ($M) - Global Industry Research
2.3.1 Non HD Market 2019-2024 ($M)
2.3.2 HD Market 2019-2024 ($M)
2.3.3 Full HD Market 2019-2024 ($M)
2.3.4 Ultra HD Market 2019-2024 ($M)
3.Global Security Cameras Market By Type Market 2019-2024 ($M)
3.1 Market Overview Market 2019-2024 ($M) - Global Industry Research
3.2 Indoor Market 2019-2024 ($M) - Global Industry Research
3.3 Outdoor Market 2019-2024 ($M) - Global Industry Research
4.Global Security Cameras Market By System Market 2019-2024 (Volume/Units)
4.1 Analog System Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 IP Based System Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Security Cameras Market By Resolution Market 2019-2024 (Volume/Units)
5.1 Market Overview Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Expected Growth Opportunities Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Camera Resolution By Application Market 2019-2024 (Volume/Units) - Global Industry Research
5.3.1 Non HD Market 2019-2024 (Volume/Units)
5.3.2 HD Market 2019-2024 (Volume/Units)
5.3.3 Full HD Market 2019-2024 (Volume/Units)
5.3.4 Ultra HD Market 2019-2024 (Volume/Units)
6.Global Security Cameras Market By Type Market 2019-2024 (Volume/Units)
6.1 Market Overview Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Indoor Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Outdoor Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Security Cameras Market By System Market 2019-2024 ($M)
7.1 Analog System Market 2019-2024 ($M) - Regional Industry Research
7.2 IP Based System Market 2019-2024 ($M) - Regional Industry Research
7.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 ($M) - Regional Industry Research
8.North America Security Cameras Market By Resolution Market 2019-2024 ($M)
8.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
8.2 Expected Growth Opportunities Market 2019-2024 ($M) - Regional Industry Research
8.3 Camera Resolution By Application Market 2019-2024 ($M) - Regional Industry Research
8.3.1 Non HD Market 2019-2024 ($M)
8.3.2 HD Market 2019-2024 ($M)
8.3.3 Full HD Market 2019-2024 ($M)
8.3.4 Ultra HD Market 2019-2024 ($M)
9.North America Security Cameras Market By Type Market 2019-2024 ($M)
9.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
9.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
9.3 Outdoor Market 2019-2024 ($M) - Regional Industry Research
10.South America Security Cameras Market By System Market 2019-2024 ($M)
10.1 Analog System Market 2019-2024 ($M) - Regional Industry Research
10.2 IP Based System Market 2019-2024 ($M) - Regional Industry Research
10.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 ($M) - Regional Industry Research
11.South America Security Cameras Market By Resolution Market 2019-2024 ($M)
11.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
11.2 Expected Growth Opportunities Market 2019-2024 ($M) - Regional Industry Research
11.3 Camera Resolution By Application Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Non HD Market 2019-2024 ($M)
11.3.2 HD Market 2019-2024 ($M)
11.3.3 Full HD Market 2019-2024 ($M)
11.3.4 Ultra HD Market 2019-2024 ($M)
12.South America Security Cameras Market By Type Market 2019-2024 ($M)
12.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
12.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
12.3 Outdoor Market 2019-2024 ($M) - Regional Industry Research
13.Europe Security Cameras Market By System Market 2019-2024 ($M)
13.1 Analog System Market 2019-2024 ($M) - Regional Industry Research
13.2 IP Based System Market 2019-2024 ($M) - Regional Industry Research
13.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 ($M) - Regional Industry Research
14.Europe Security Cameras Market By Resolution Market 2019-2024 ($M)
14.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
14.2 Expected Growth Opportunities Market 2019-2024 ($M) - Regional Industry Research
14.3 Camera Resolution By Application Market 2019-2024 ($M) - Regional Industry Research
14.3.1 Non HD Market 2019-2024 ($M)
14.3.2 HD Market 2019-2024 ($M)
14.3.3 Full HD Market 2019-2024 ($M)
14.3.4 Ultra HD Market 2019-2024 ($M)
15.Europe Security Cameras Market By Type Market 2019-2024 ($M)
15.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
15.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
15.3 Outdoor Market 2019-2024 ($M) - Regional Industry Research
16.APAC Security Cameras Market By System Market 2019-2024 ($M)
16.1 Analog System Market 2019-2024 ($M) - Regional Industry Research
16.2 IP Based System Market 2019-2024 ($M) - Regional Industry Research
16.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 ($M) - Regional Industry Research
17.APAC Security Cameras Market By Resolution Market 2019-2024 ($M)
17.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
17.2 Expected Growth Opportunities Market 2019-2024 ($M) - Regional Industry Research
17.3 Camera Resolution By Application Market 2019-2024 ($M) - Regional Industry Research
17.3.1 Non HD Market 2019-2024 ($M)
17.3.2 HD Market 2019-2024 ($M)
17.3.3 Full HD Market 2019-2024 ($M)
17.3.4 Ultra HD Market 2019-2024 ($M)
18.APAC Security Cameras Market By Type Market 2019-2024 ($M)
18.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
18.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
18.3 Outdoor Market 2019-2024 ($M) - Regional Industry Research
19.MENA Security Cameras Market By System Market 2019-2024 ($M)
19.1 Analog System Market 2019-2024 ($M) - Regional Industry Research
19.2 IP Based System Market 2019-2024 ($M) - Regional Industry Research
19.3 Region Wise Market for Analog & IP Based Systems Market 2019-2024 ($M) - Regional Industry Research
20.MENA Security Cameras Market By Resolution Market 2019-2024 ($M)
20.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
20.2 Expected Growth Opportunities Market 2019-2024 ($M) - Regional Industry Research
20.3 Camera Resolution By Application Market 2019-2024 ($M) - Regional Industry Research
20.3.1 Non HD Market 2019-2024 ($M)
20.3.2 HD Market 2019-2024 ($M)
20.3.3 Full HD Market 2019-2024 ($M)
20.3.4 Ultra HD Market 2019-2024 ($M)
21.MENA Security Cameras Market By Type Market 2019-2024 ($M)
21.1 Market Overview Market 2019-2024 ($M) - Regional Industry Research
21.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
21.3 Outdoor Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Security Cameras Market Revenue, 2019-2024 ($M)2.Canada Security Cameras Market Revenue, 2019-2024 ($M)
3.Mexico Security Cameras Market Revenue, 2019-2024 ($M)
4.Brazil Security Cameras Market Revenue, 2019-2024 ($M)
5.Argentina Security Cameras Market Revenue, 2019-2024 ($M)
6.Peru Security Cameras Market Revenue, 2019-2024 ($M)
7.Colombia Security Cameras Market Revenue, 2019-2024 ($M)
8.Chile Security Cameras Market Revenue, 2019-2024 ($M)
9.Rest of South America Security Cameras Market Revenue, 2019-2024 ($M)
10.UK Security Cameras Market Revenue, 2019-2024 ($M)
11.Germany Security Cameras Market Revenue, 2019-2024 ($M)
12.France Security Cameras Market Revenue, 2019-2024 ($M)
13.Italy Security Cameras Market Revenue, 2019-2024 ($M)
14.Spain Security Cameras Market Revenue, 2019-2024 ($M)
15.Rest of Europe Security Cameras Market Revenue, 2019-2024 ($M)
16.China Security Cameras Market Revenue, 2019-2024 ($M)
17.India Security Cameras Market Revenue, 2019-2024 ($M)
18.Japan Security Cameras Market Revenue, 2019-2024 ($M)
19.South Korea Security Cameras Market Revenue, 2019-2024 ($M)
20.South Africa Security Cameras Market Revenue, 2019-2024 ($M)
21.North America Security Cameras By Application
22.South America Security Cameras By Application
23.Europe Security Cameras By Application
24.APAC Security Cameras By Application
25.MENA Security Cameras By Application
26.Arecont Vision LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Avigilon Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Axis Communication, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Bosch Security Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Canon Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Cisco System Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Dahua Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Hikvision Digital Technology Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Honeywell International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Jvckenwood, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Mitsubishi Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Samsung Techwin, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Schneider Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Sony Electronics Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Tyco International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Vicon Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)