Security Cameras Market size was valued at USD 11.44 Billion in 2023 and is poised to cross USD 91.49 Billion by the end of 2036, expanding at more than 18.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of security cameras is estimated at USD 13.2 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
18.1% |
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Base Year Market Size (2023) |
USD 9.5 Billion |
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Forecast Year Market Size (2036) |
USD 73 Billion |
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Regional Scope |
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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:
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Type |
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Application |
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Professional Service |
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Resolution |
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End User |
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North American Market Forecast
The North America security cameras market accounted for the largest revenue share of about 38% in 2036. 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 2036. 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.
Author Credits: Abhishek Verma
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