+91-8668442535

CCTV Camera Market by Type (Box Cameras, Bullet Cameras, Dome Cameras, PTZ Cameras and Others) by Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems and Others) by Price Range (Less than USD 500, Between USD 501 to 1,000, Between USD 1,001 to 5,000, Above USD 5,000) by Application (Residential, Commercial, Industrial, Government and Others) – Ukraine War, Future Prospects And Competitive Analysis, 2016 - 2028

The global CCTV Camera market is expected to witness a CAGR of 11.49% during the forecast period. The revenue generated by the global CCTV Camera market in 2021 was over USD 19,913 million and is expected to generate revenue worth USD 45,890 million in 2028. Therefore, the incremental growth opportunity offered by the global CCTV Camera is estimated to be USD 240.5 billion between 2022 and 2028.    

cctv-camera-market

Interesting Facts about CCTV Camera Industry

  • Over 770 million CCTV cameras have been installed worldwide so far.
  • The price of a CCTV camera ranges between USD 300 to USD 5,000
  • China is rapidly growing in the installation of CCTV Cameras.
  • India’s National Capita Delhi has the highest number of CCTV cameras in place per square mile (1,826 CCTV Cameras per square mile)
  • The top five players hold just under 50% share of the global CCTV market in 2021

Increasing Demand for Video Surveillance

CCTV Camera is an essential device that facilitates close monitoring of people, premise, industrial areas, traffic, and borders remotely. CCTV Camera offers a very cost-effective measure to monitor people and places. Increasing security concerns owing to the rise in terrorist activities, burglaries, etc., the demand for CCTV cameras is rising. Video surveillance offers great help in monitoring and identifying a potential threat to people and places. Hence the need for CCTV cameras is increasing around the world at a rapid pace.    

Dome Cameras Held the Largest Share 

Box Cameras, Bullet Cameras, Dome Cameras, and PTZ Cameras are significant types of CCTV Cameras. Dome cameras accounted for over 35% share of the total revenue generated by the global CCTV camera market in 2021. Bullet cameras accounted for the second largest share and are expected to exhibit the highest CAGR over the forecast period. In contrast, PTZ cameras are used in high-end applications and held the lowest percentage in 2021.  

CCTV Cameras for Commercial Application Held the Largest Share 

Residential, Commercial, Industrial, and Government are significant end-users of CCTV Cameras. The commercial segment accounted for the largest share of over 30% of total revenue generated by the global CCTV Cameras market in 2021. In addition, retail, BFSI, hospitality, private offices, malls, etc., are proliferating worldwide.

The growing significance of video surveillance systems owing to augmented safety concerns in various end-user verticals, including BFSI, Malls, Offices, etc., is fuelling the CCTV Cameras market in the commercial segment.

While the residential segment is expected to exhibit a strong growth rate over the forecast period, increasing innovative home installations worldwide drive the demand for CCTV cameras. Europe will have over 25 million smart homes in 2021 and will likely grow to 50 million by the end of 2028. In comparison, North America will have over 50 million smart homes in 2021which, which is further expected to grow at a CAGR of over 15% during the forecast period. CCTV cameras are an integral part of smart homes; hence, the demand will grow in tandem with smart homes.

Government Sector to Hold the Significant Share

Domestic security, government building, and institutions, traffic management, monitoring of criminal activities, border area security, etc., are significant applications covered under the government sector. Governments around the world incur colossal expenditures to ensure domestic as well as border security. Similarly, smart city projects are on the rise across the globe. Many innovative city projects are under construction, leading to the rapid growth of CCTV camera installation. This, in turn, drives the demand for CCTV Cameras.   

High Cost to Arrest the Demand 

Less than USD 500, Between USD 501 to 1,000, Between USD 1,001 to 5,000, and Above USD 5,000 are significant segments of CCTV cameras. Less than USD 500 price segment dominate the demand with just under 40% share in 2021. High cost of CCTV cameras is one of the major factors hindering the demand for CCTV cameras. Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, and Hybrid CCTV Systems are major technology segments of CCTV Cameras. Wireless CCTV Systems are expected to exhibit rapid growth with a CAGR of over 12.62% during the forecast period. Analog CCTV Systems dominates the CCTV Cameras by technology segment with over 45% share in 2021.

China to Emerge at a Rapid Pace

Asia Pacific is rapidly growing in demand for CCTV Cameras. In terms of volume, Asia Pacific dominates the demand while it occupies third place in revenue generation. China, the most significant market with an installed base and new installation of CCTV Cameras, is poised to play an essential role in the growth of the CCTV cameras industry. Similarly, 100 smart city projects and growing commercial construction fuel the demand for CCTV cameras in India. Delhi has claimed the city with the highest CCTV installation per square mile. This, in turn, fuels the demand for CCTV cameras in the region. Taiwan, Singapore, Australia, Japan, and South Korea are significant growth markets for CCTV cameras in the Asia Pacific. While backed by solid growth in the U.S., North America held the largest share in revenue generation in 2021. Germany, the UK, and France continue to dominate the European CCTV camera industry with over 45% share in 2021. 

Top Five Players to Dominate the Market

Axis Communication AB, Bosch Sicherheitssysteme GmbH, CP Plus International, Dahua Technology Co., Ltd., Digital Watchdog, FLIR Systems, Inc., GeoVision Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Pelco, Inc. and Toshiba Corporation are significant players operating in global CCTV Cameras market. The top five players held under 50% share in total revenue generation in 2021. Key players are focused on technological innovation to provide advanced video surveillance capabilities to their customers.

Frequently asked questions about global CCTV Camera industry

Likewise other industries, COVID 19 also taken a toll on CCTV Camera market with around 13.23% decline in its revenue in 2020 as compare to 2019

North America is the largest regional market with highest share in the total revenue generation of CCTV Camera consumed in 2021

Growing need for video surveillance is fuelling the demand for CCTV Camera market

Dome CCTV Camera segment dominated the CCTV Camera market in 2021 with over 35% share

Analog CCTV Camera was the largest end-user of CCTV Camera in 2021 with over 45% share

CCTV Camera Report Scope

Report Attribute Details
Market Value in 2021 USD 19,913 million
Market Value in 2028 USD 45,890 million
CAGR 11.49% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Array
(
    [0] => Array
        (
            [extra_price_packages] => Y
        )

)
               
                
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Apr 2022
Category:  Technology & Media
Report ID:   60531
Report Format:   PDF
Pages:   350
Rating:    4.5 (24)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support