Global Security Cameras Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Security Cameras Market Overview :
“The global Security cameras market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
Security cameras are used for recording activities of individuals as well as detection and prevention of various types of criminal activities.
Growing adoption of security cameras for improvement of safety and security against theft, terrorism, shoplifting, property damage, etc. is a key factor driving growth of the global security cameras market. In addition, government initiatives for installation of security cameras in public parks, buildings, government institutions is another factor supporting growth of the global market.
Availability of security cameras with advanced technology is another factor anticipated to fuel growth of the target market. Furthermore, increasing demand for high definition and megapixel security cameras and upgradation of security systems are factors expected to boost growth of the global security cameras market in the near future.
Global Security Cameras Market: Dynamics
However, availability of low quality security cameras by local manufacturers in low cost may hamper growth of the global security cameras market.
In addition, excessive use of security cameras can invade privacy of individuals is another factor that could affect growth of the target market. Nevertheless, growing use of cloud based analytics that provides convenience to the end users and introduction of cost-effective security cameras with advanced technology can create high revenue opportunities for players in the global market.
Global Security Cameras Market: Segment Analysis
Among the system segments, the IP based segment is expected to register lucrative growth in terms of revenue in the near future. IP also known as internet protocol cameras and video recording systems are connected via IP network and they send and receive signs using an Internet. Increasing demand for IP based systems, owing to their high storage capacity and scalability are factors supporting growth of this segment in the global market.
Among the city infrastructure segments, the city Infrastructure segment is expected to register high growth in terms of revenue over the forecast period. Increasing usage of security cameras on highways and roads, coupled with growing urban infrastructure emerging economies are factors propelling growth of city Infrastructure in the target market.
Global Security Cameras Market: Regional Analysis
Market in Asia Pacific is expected to account for significant share in terms of revenue over the forecast period. Countries in Asia Pacific region are major producer of security cameras. Increasing adoption of security cameras, owing to growing infrastructure, coupled with rising security concerns in developing countries in this region are factor fueling growth of the target market. In addition, availability of various types of technologically advanced security cameras in low cost is another factor driving growth of the target market in Asia Pacific.
Market in North America is expected to account for second-highest share in terms of revenue, followed by Europe, Lain America, and Middle East & Africa. Presence of key players is a factor supporting growth of the security camera marker in North America. North America and Europe market are also anticipated to register avenge growth rate in term s of revenue in the near future.
Global Security Cameras Market Segmentation:
Segmentation by System:
- IP based
- Analog based
Segmentation by Camera Resolution:
- HD Resolution
- UHD Resolution
- HD Resolution
- Full HD Resolution
Segmentation by Type:
Segmentation by Application:
- Border Security
- City Infrastructure
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Avigilon Corporation
- Arecont Vision, LLC
- Bosch Security Systems, Inc.
- Canon Inc.
- Axis Communications AB
- Cisco Systems, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Zhejiang Dahua Technology Co., Ltd.
- Honeywell International Inc.
- JVC KENWOOD Corporation
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