CCTV Market
The CCTV
Market size is forecast to reach USD 50.2 billion by 2030, after growing at a
CAGR of 14.2% during the forecast period 2024-2030. Increasing number of commercial
buildings and small and medium enterprises are strengthening the deployment of
CCTVs in these sectors, owing to security and surveillance applications. The
use of omnidirectional camera has been increasing in robotics including through
utilization of artificial intelligence and internet of things, due to their wide field of view. Due to
development in cloud services and networking technology particularly network
attached storage, digital video recorders, IP omnidirectional cameras are
becoming affordable for some major segments in video surveillance market.
Infrared CCTVs are vital for industries such as banking, government, military
and others where thermal data management is critical. According to the World Health
Organization 2022, Unsafe food in low- and middle-income countries costs US$
110 billion annually in lost productivity and medical expenses, with children
under 5 years bearing 40% of the foodborne disease burden, resulting in 125,000
deaths annually. To reduce some proportion of this cost, preventative measures
such as usage of infrared CCTV will play a major role. Dealers grant special
exchange offers related to low transaction cost and fast trade execution that
include simple and easy trading mechanism, skipping the role of brokers and
thus, avoiding extra cost. The application of CCTVs in outdoor applications is
continuously increasing in response to increased safety monitoring in public
places. Due to harsh and extreme temperatures, thermal or infrared cameras
which have great stability are gaining popularity.
CCTV Market Report Coverage
The
report: “CCTV Market – Forecast (2024-2030)”, by IndustryARC
covers an in-depth analysis of the following segments of the CCTV Market
Report.
By Pixel Resolution: Less than 1.0 MP,1.1 - 3.0 MP,3.1 - 5 MP, More
than 5 MP.
By Direction type: Omnidirectional, Unidirectional.
By Use type: Indoor, Outdoor.
By Type: Infrared, Box, Dome, PTZ, Bullet, Others.
By System Type: Analog Based, IP Based
By Application: Infrastructure, Border Security, Commercial,
Residential, Industrial, Institutional, Others.
By Sales channel: Dealers, Retailers, Direct Sales, Online Sale.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany,
UK, France, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan
India, South Korea, Australia & New Zealand, Indonesia, Malaysia, Taiwan
and Others), South America (Brazil, Argentina, Chile, Colombia and others), and
RoW (Middle East and Africa).
Key Takeaways
- The adoption of surveillance
cameras for security in BFSI buildings, electric grids, malls, metro
stations and others has raised the requirement for CCTVs in such
infrastructure. Sustainability and energy efficiency are emerging as
significant considerations, driving the development of eco-friendly CCTV
solutions that minimize environmental impact and operational costs.
- The construction segment in
the CCTV market is anticipated to grow at a CAGR of 15.3% during
the forecast period. There is a growing demand for AI-powered surveillance
systems, enhancing capabilities like facial recognition and behavior
analysis. This trend reflects the industry's focus on advanced security
solutions
- The rapidly growing population which is projected to be $8.6 billion by 2030 by the United Nations, will enable real-estate industry to observe a disruptive growth. The Commercial constructions such as office and retail buildings are growing in countries like the U.S. and India. This increases the growth of CCTV Market.s
CCTV Market Segment Analysis - By Pixel Resolution
3.1
to 5.0 megapixels segment projected to grow with a CAGR of 14.6% during
the forecast period. This category supports H.264 Zip+ technology, which
reduces the bandwidth and increases around 50% of storage space, making it
suitable for indoor and outdoor applications such as in governmental
infrastructure, offices, educational facilities and retail stores for Point of
Sale (POS) monitoring. The fastest growing segment will be More than 5.0 MP,
and projected to grow with a CAGR of 19% during the forecast
period.
CCTV Market Segment Analysis - By Application
The
rapidly growing population which is projected to be 8.5 billion by 2030 by the
United Nations, will enable real-estate industry to observe a disruptive
growth. The Commercial constructions such as office and retail buildings are
growing in countries like the U.S. and India. Artificial Intelligence (AI)
integration is enhancing CCTV systems, enabling advanced analytics for
real-time threat detection and proactive security measures. Additionally,
there's a noticeable shift towards high-definition and 4K resolution cameras,
providing clearer and more detailed footage for improved surveillance and
evidence collection. Moreover, the adoption of integrated smart systems,
including IoT devices and mobile applications, is streamlining CCTV management
and enhancing operational efficiency. Thus, it will increase the usage of CCTVs
for security applications in commercial sector over the forecast period.
CCTV Market Segment Analysis - By Geography
North
America is the leading region in CCTV Market, where the U.S. is the major
contributor, owing to increased demand for small installations and advanced
workplace surveillance, which simultaneously drives demand for the CCTV market.
According to the report by BuiltWorlds Inc., 50% of all constructions in the
U.S. from 2019 to 2023 are expected to occur in just 20 cities. From those
cities, New York, Los Angeles, Dallas, Houston and Washington, are expected to
generate higher demand for CCTVs. This will drive the North America
market by 12.9% CAGR through 2030.
CCTV Market Drivers
Growth in the Real Estate
The
U.N. has projected that world population will grow rapidly to 8.5 billion by
2030, which will lead to disruptive growth in the real-estate industry. Hence,
real-estate industry growth will boost the CCTV market to aid in security &
surveillance applications. According to JLL, Although the impact of COVID is
still being felt, many parts of the world are now moving towards living with
the virus as opposed to operating with strict restrictions. This is flowing
through to real estate markets with demand picking up in those sectors highly
impacted by restrictions such as office, retail and hotels. Uncertainty however
remains a key theme going forward as concerns remain around new variants,
emerging geopolitical issues and elevated inflation.
Stringent Government Regulations
The
CCTV market is positively influenced by the government regulations. Governments
in the Middle East region are highly concerned regarding safety and security of
public and private infrastructure. IP-based surveillance systems have already
been deployed in Dubai, Abu Dhabi, and other Gulf nations. Surveillance systems
have undergone drastic transformations, owing to real-time video analytics. The
UK in particular has been a driver in the adoption of CCTV Cameras. According
to the Freedom of Information Act 2000 requests in 2023, the total number of
local government operated CCTV cameras was around 52,000 over the entirety of
the UK. Highway surveillance has benefitted from evolution of CCTVs. Government
regulations are also embracing technologies for enhancing safety and security,
and the infrastructure. The implementation of GDPR has led to increased focus
on CCTV utilization inline with privacy laws. For example, in Sweden, the use
of CCTV in public spaces is regulated both nationally and via GDPR (the European
privacy act). Despite these privacy laws, CCTV usage continues to be driven by
Government safety regulations.
CCTV Market Challenges
Data Privacy and Internet speed Issues with IP Based CCTV Cameras
Less
Internet penetration and inadequate Internet speed is also an issue that can
pose hurdles in the growth of the IP Based CCTV market in many under developed
and developing countries. Good internet connection, reliability and adequate
Internet speed is the primary factor considered while incorporating IP Based
CCTVs. Transferring data over the internet, increase the chances of data
exposure to remote attacks, thus, CCTV Cameras market is facing a major
challenge of security breach that involve transferring of sensitive data.
Market Landscape
Technology
launches, acquisitions, and R&D activities are key strategies adopted by
players in the CCTV
Market. The CCTV top 10 Companies include
- Samsung
- Sanyo
- Honeywell
- FLIR
- Sony
- Avtech
- Zicom
- Panasonic
- LG Electronics
- Schneider Electric
Recent Developments
- In January 2024, Consistent
Infosystems, a rapidly expanding Indian IT brand, has launched a new
lineup of Made in India surveillance cameras, bolstering its robust
Security & Surveillance product range. The new surveillance camera
range offers a comprehensive solution, featuring Smart Wireless 4G PT,
Solar 4G, Wireless Pan-Tilt Wifi 3MP/4MP Mini Wi-Fi P2P, 4G Color, and 4G
Dome CCTV cameras.
- In July 2023, Versuni, formerly
Philips domestic appliances, introduced smart security cameras and a Home
Safety app. The lineup includes indoor & weatherproof 360° Wi-Fi
cameras, utilizing AI for accurate motion detection, reducing false
alerts, with 24/7 control.