Global CCTV Camera Market, By Type (Bullet Camera, Dome Camera, PTZ Camera, Box Camera, Others) By Technology (Analogue, IP/Network, HD) By Application (Commercial, Industrial, Residential, Government) opportunities and forecast 2023-2030
Covid-19 Impact on CCTV Camera Market:Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Market OverviewCCTV offers the wide range of benefits for the industrial sectors particularly in businesses. It provides solutions such as information management and business intelligence in sectors including retail to deliver real time analysis of customer movement and traffic patterns in the outlets.
The use of the CCTV cameras at traffic signals allows the movement observing of the traffic, it permits the specialists to understand traffic density at the peak hours and therefore aid in decreasing the traffic jamming at the signals. Furthermore, use of these cameras at the commercial places increases the safety procedures and hence help to decrease risks from any theft or robbery thereby propel the market. The use of the cameras for video analytics traits such as motion detection, heat mapping, people counting, among various others is projected to further propel the market growth of CCTV cameras in coming years.
Segment OverviewAnalog segment is anticipated to be the primary sub-segment. Low cost related with the analog cameras is anticipated to boost the market growth of sub-segment over the forecast period. Furthermore, on the basis of application, it is sub-segmented into commercial, residential, industrial, government. Commercial infrastructure is anticipated to be largest. This is accredited to the great demand from the industrial segment in order to defend the commercial assets and property such as data, inventory, and files.
Regional OverviewGeographically, the global CCTV Camera market can be divided by the major regions which contain North America, Europe, and Asia-Pacific region, Latin America, Middle East and Africa. The Asia-Pacific region captured highest share in overall revenue of the global CCTV camera market in the 2018. Furthermore, in the coming years, India and China are anticipated to be the key market in Asian CCTV camera market. Europe and North America stood at second and third place in the global CCTV camera market in 2018. North America is the most competitive markets through the globe with numerous regional and a few large global players. In next few years, LAMEA is expected to attain considerable share in global CCTV camera market till 2026.
Competitor overviewThe market structures intense competition with numerous players operating through the major sectors of global CCTV market: software product development, product manufacturing, and services. The noteworthy demand for the products with excellent video quality, high precision, and state-of-the-art features such as the facial recognition have encouraged the software developers and product manufacturers to introduce the technologically innovative products. Presence of several noticeable vendors in market has led to intense cost declines and the accessibility of several product diversities at competitive prices.
Some of major vendors operating in global CCTV market are Samsung Techwin, Baxawell, Hikvision, Honeywell International Inc., Toshiba Corporation, Schneider Electric, Panasonic System Network Co. Limited, Axis Corporation, Bosch Security Systems Inc., ADT Security Systems, Checkpoint system, Mitsubishi Electric and Vicon industries.
Key Players
- Samsung Techwin
- Honeywell International Inc.
- Baxawell, Hikvision
- Toshiba Corporation
- Panasonic System Network Co. Limited
- Schneider Electric
- Axis Corporation
- ADT Security Systems
- Bosch Security Systems Inc.
- Checkpoint system
- Vicon industries
- Mitsubishi Electric
Market SegmentationBy Type
- Dome Camera
- Bullet Camera
- Box Camera
- PTZ Camera
- others
By Technology
- Analogue CCTV Camera
- IP/Network CCTV Camera
- HD CCTV Camera
By Application
- Commercial
- Residential
- Government
- Industrial
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA