Security Cameras Market Size & Share, by Type (Infrared Bullet, Dome, Box); Application (Indoor, Outdoor); Professional Service (Consulting, Installation, Support); Resolution (Full HD, HD, Non-HD); End-user (Commercial, City Infrastructure, Industrial, Border Security, Institutional, Residential) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5194
  • Published Date: Aug 25, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Security Cameras Market size is expected to cross USD 73 Billion by the end of 2035, growing at a CAGR of 19% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of security cameras was around USD 9.5 Billion. Technology advancements are causing the global security camera market for CCTV cameras to grow. To ensure security against shoplifting, threats, and terrorism, new security camera technology, including 4K cameras, is being deployed in a variety of industries. As of 2023, El Salvador was the deadliest nation in the world for this form of crime, with a murder rate of 52.02 per 100,000 people. The most murderous city at the time was Celaya in Mexico.

As the demand for physical security grows, businesses are using CCTV cameras far more frequently. The desire to improve safety and security across many industries fuels the expansion of the security cameras market. Technology advancements have made video surveillance alternatives more affordable, scalable, and customized than ever before. For instance, 20% of the world's market for physical security is made up of CCTV cameras.


Security Cameras Market
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Security Cameras Sector: Growth Drivers and Challenges

Growth Drivers

  • Rapid Adoption of the Internet of Things to boost market Growth- The security cameras market is expanding thanks in part to the quick uptake of IoT in smart homes. To improve the security of their properties, consumers are moving away from traditional attachable Wi-Fi cameras and more towards sophisticated smart surveillance security cameras. Numerous benefits of these modern security cameras stimulate their installation in many local residences. 871 million smart home products were shipped in 2022. In 2027, this figure is expected to rise to 1.23 billion.
  • Increasing Crime- During the projected period, the expansion of crime-related activities around the world will be a major market driver. The demand for cameras is also rising as people become more aware of the advantages of cameras in the business world.
  • Increasing Urbanization- People are more likely to live and work in cities now than they were previously. This trend has significantly boosted the movement of individuals from rural to urban areas. As per the estimates by 2050, 80% of the world's population up from the present 55% will live in urban regions.

Challenges

  • High Maintenance Cost- The high maintenance cost associated with CCTV cameras coupled with high initial investment is expected to restrain the growth of the overall security camera market during the forecast period.
  • Lack Of Expertise in Handling IP Cameras
  • Increasingly Concerned About Privacy Issues 

Security Cameras Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 19%

Base Year Market Size (2022)

 ~ USD 9.5 Billion

Forecast Year Market Size (2035)

 ~ USD 73 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Security Cameras Segmentation

Application (Indoor, Outdoor)

The outdoor segment is expected to account for 55% share of the global security cameras market in the forecasted years. Tools that can record and document criminal behavior close to the home include outdoor security cameras. These gadgets typically withstand extreme temperatures and frequently have two-way communication, night vision, and HD resolution. There are several options for outside cameras, both wired and wireless. Both wireless and wired exterior camera versions are readily accessible. According to our investigation, the city of New Delhi, which has a population of 30,290,396 people, has 429,500 surveillance videos. This results in approximately 14 CCTVs per 1,000 people, which is quite little in comparison to Hyderabad's 30 cameras and Chennai's 26 cameras.

End User (Commercial, City Infrastructure, Industrial, Border Security, Institutional, Residential)

The border security segment in the security cameras market is attributed to have about 45% revenue share. Modern tools like thermal imaging, radar, and motion sensors are frequently used by border security cameras to identify movement along the border. Furthermore, they might be equipped with facial recognition software, license plate readers, and other cutting-edge capabilities that might help detect individuals or cars that are attempting to cross the border illegally.

Our in-depth analysis of the global security cameras market includes the following segments:

  Type

  • Infrared Bullet
  • Dome
  • Box

  Application

  • Indoor
  • Outdoor

  Professional Service

  • Consulting
  • Installation
  • Support

  Resolution

  • Full HD
  • HD
  • Non-HD

  End User

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

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Security Cameras Industry - Regional Synopsis

North American Market Forecast

The North America security cameras market accounted for the largest revenue share of about 38% in 2035. Instead of the more common mountable Wi-Fi cameras, people are using smart security cameras to better secure their properties in the region. Additionally, rising consumer awareness of the value of personal safety offers the sector considerable growth in the region. For instance, Amazon alone sold over 400 thousand ring doorbells and accessories to clients around the world in December 2020.

APAC Market Statistics

The Asia Pacific security cameras market accounted for second-largest revenue share of about 25% in 2035. With drones to CCTV cameras, numerous Asia Pacific countries have mobilized mass surveillance methods for coronavirus contact tracing, monitoring of confined individuals, and overall transmission management. Furthermore, China is among the most heavily monitored countries in Asia Pacific. There are currently 770 million security cameras in operation worldwide, of which 54% are located in China. According to research by Comparitech, China has 16 of the top 20 cities with the most surveillance cameras per 1000 people.

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Security Cameras Market Size
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Companies Dominating the Security Cameras Market

top-features-companies
    • Cisco Systems, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Vivint Inc.
    • Godrej Security Solutions
    • Arlo Technologies
    • Honeywell International Inc.
    • CP Plus International
    • Pelco, Inc.
    • GeoVision Inc.
    • Dahua Technology Co., Ltd.
    • Axis Communications AB

In-the-news

In The News

  • Honeywell International Inc. launched 30 series IP cameras to enhance data and video protection. The purpose is to provide secure channel video encryption, advanced analytics, and helping end users comply with U.S. government procurement standards.
  • Vivint Smart Home launched the Vivint Doorbell Camera Pro, an AI-powered doorbell camera that intelligently defects packages and actively helps protect them from porch pirates and other potential threats. The doorbell camera provides homeowners with peace of mind by helping to prevent crime before it happens.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5194
  • Published Date: Aug 25, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing crime, and widespread technological advancement are major factors driving the growth of security cameras.

The market size of security cameras is anticipated to attain a CAGR of 19% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Vivint Inc., Godrej Security Solutions, Arlo Technologies, Honeywell International Inc., CP Plus International,Pelco, Inc., GeoVision Inc., Dahua Technology Co., Ltd., Axis Communications AB, and others.

The outdoor segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Security Cameras Market Report Scope
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