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Global Video Surveillance Security Cameras Market Analysis & Opportunity Outlook 2023

Published On : 04:07 AM, 9th July, 2018 REP-ID-100 Category: ICT & Electronics

Security camera is the technique to provide security for workplace and home.  Along with, it provides video tapes of any occurrence that may happen. On the back of reason like, increased crime rates, urbanization and long hours out of home, the global security camera market is anticipated to rise to USD 28 billion in the year 2016 and projected to expand with compound annual growth rate CAGR of 9.2% through 2023. During 2016-2023, IP security cameras is expected to showcase a steep rise due to surge in the installation of IP cameras enabled with HD video.  

Market Size and Forecast

Gaining on the back of reasons like replacement demand, increased security concerns in the cities during night, the North America security camera market is projected to reach at USD 10 billion in the year 2021, with CAGR of 7.9%.

Following the same trend, Latin America and Mexico are the major regions or markets for the security camera market. Mexico security cameras market is projected to value at USD 460 million in coming three years.

Asia-Pacific accounted for 66% of installed security camera in the year 2015 and the region is further forecasted to post 69% of installed security cameras by 2023.

Market Segmentation

By Application

On the basis of application the global security cameras market can be defined into:

  • Commercial
  • Institutional
  • Border security
  • City Infrastructure
  • Residential
  • Industrial

By Type

On the basis of type the global security cameras market is segmented into:

  • Box Camera
  • Dome Camera
  • PTZ Camera
  • Bullet Camera
  • IP Camera
  • Day/Night Camera
  • Thermal (FLIR) Camera
  • Wireless IP Camera and
  • Other

By Components

While studying the global security cameras the market is segmented into:

  • Hardware
  • Software
  • Video Surveillance as a Service (VSaaS)

By Camera Resolution

Depending upon the resolution, global security camera market is segregated into:

  • HD
  • Non-HD
  • Full-HD
  • UHD

By Feature

Based on the features, the global security camera market has been studied and segmented into:

  • Fixed Cameras
  • Moving Cameras
  • Panoramic

By Technology

Further based on the type of technology used, the global security market is classified into:

  • Hybrid
  • IP

 By Region

On the basis of region the Global Security Camera market is segmented into

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Row (Rest Of World)

Growth Drivers and challenges

Increasing penetration of security cameras in the various sectors such as education, healthcare and commercial workplace are the main drivers for the global security camera market.

Increase in terror activities in most of the European cities and criminal activities are promoting the demand of security cameras thus encouraging the growth of global security cameras market in the forecasted years.

Lack of skilled workforce to manage security cameras, lack of standardized security cameras, not much hindrance from government on manufacturing security cameras and related are few of the major factors which are believed to dampen the growth of global security cameras market in the future.

Key Players

  • Panasonic Corporation
  • Samsung Techwin
  • Arecont Vision Llc
  • Honeywell International Inc.
  • Bosch Security Systems
  • Canon Inc.
  • Axis Communication
  • Flir System
  • AVigilon
  • Hikvision

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Rest of World

Segmentation

  • By Type
  • By Region
  • By Feature
  • By Application
  • By Camera resolution
  • By Technology

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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