The Global Surveillance Camera Market size is expected to reach $72.4 billion by 2030, rising at a market growth of 10.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 755.4 million units, experiencing a growth of 9.6% (2019-2022).
Wi-Fi cameras do not require physical Ethernet cables for data transmission, offering flexibility in camera placement. This makes them ideal for locations where wired connections are challenging or impractical. Thus, the Wi-Fi segment captured $5,669.5 million revenue in the IP-based segment of the market in 2022. Expanding the Wi-Fi surveillance system is relatively straightforward. Additional cameras can be added to the existing network without significant infrastructure changes. Installing Wi-Fi cameras is generally simpler and faster than running Ethernet cables. This reduces installation time and associated costs.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in October, 2023, Nokia Corporation announced the launch of Autonomous Inventory Monitoring Service (AIMS. The drones within the suite are navigable throughout the warehouse and provide an excellent ROI of up to 40 percent. Additionally, In August, 2023, Teledyne FLIR LLC unveiled Lepton 3.1R, a radiometric thermal camera module. The module has a 95-degree field of view and a maximum scene dynamic range of 400 degrees Celsius.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eye Trax, Inc, Milesight Technology Co., Ltd., Swann Communications Pty. Ltd. (Infinova Corporation), Honeywell International, Inc., Cisco Systems, Inc., Nokia Corporation, Panasonic Holdings Corporation, Robert Bosch GmbH, Teledyne FLIR LLC (Teledyne Technologies Incorporated), and Zhejiang Dahua Technology Co., Ltd.
Wi-Fi cameras do not require physical Ethernet cables for data transmission, offering flexibility in camera placement. This makes them ideal for locations where wired connections are challenging or impractical. Thus, the Wi-Fi segment captured $5,669.5 million revenue in the IP-based segment of the market in 2022. Expanding the Wi-Fi surveillance system is relatively straightforward. Additional cameras can be added to the existing network without significant infrastructure changes. Installing Wi-Fi cameras is generally simpler and faster than running Ethernet cables. This reduces installation time and associated costs.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in October, 2023, Nokia Corporation announced the launch of Autonomous Inventory Monitoring Service (AIMS. The drones within the suite are navigable throughout the warehouse and provide an excellent ROI of up to 40 percent. Additionally, In August, 2023, Teledyne FLIR LLC unveiled Lepton 3.1R, a radiometric thermal camera module. The module has a 95-degree field of view and a maximum scene dynamic range of 400 degrees Celsius.
Cardinal Matrix
Market Competition Analysis
Based on the Analysis presented in the Cardinal Matrix; Cisco Systems, Inc. is the forerunner in the market. Companies such as Honeywell International, Inc., Nokia Corporation, Panasonic Holdings Corporation are some of the key innovators in market. In July, 2019, Honeywell International, Inc. released 30 Series IP Cameras, a series of building security cameras. The features of the cameras include Secure channel encryption, used for facilitating encrypted streaming to Honeywell MAXPRO Network Video Recorders (NVR), Advanced motion people detection, used for accurate detection of human movement, and Enhanced image quality up to 5 MP.
Market Growth Factors
Increasing Concerns about Safety and Security
Increasing concerns about safety and security have ushered in a host of positive developments within the market. This heightened awareness of security challenges has substantially expanded the market's reach and influence, bringing forth a cascade of benefits for various stakeholders. The surge in safety and security concerns has broadened the application of surveillance cameras and sparked significant technological innovation. As safety and security remain paramount in an increasingly complex and interconnected world, the positive impact of these concerns on the market is poised to continue, with further innovations and applications on the horizon.Rising Demand for AI-Driven Predictive Security
AI-powered analytics plays an increasingly central role in predictive security. AI-driven predictive security solutions require cameras with advanced capabilities, such as real-time video analysis and object recognition. As a result, businesses and organizations have shown a heightened interest in upgrading their existing surveillance infrastructure or investing in new, AI-ready cameras. This growing demand has spurred manufacturers to develop and offer a broader range of AI-powered surveillance cameras tailored to specific industries and use cases. As AI technology continues to evolve, their relationship with AI-driven predictive security is likely to further shape the future of security and surveillance across the globe.Market Restraining Factors
Enhanced Privacy and Ethical Concerns
Enhanced privacy and ethical considerations surrounding surveillance cameras have become increasingly important in recent years as these devices have proliferated in various public and private settings. These concerns reflect society's growing awareness of the potential impact on individual privacy and the need for responsible and ethical use of surveillance technology. One significant aspect of enhanced privacy considerations is the protection of individual rights and personal data. As surveillance becomes more pervasive, there will be heightened attention to privacy and ethical concerns, which may deter the expansion of the market.Deployment Outlook
On the basis of deployment, the market is classified into indoor and outdoor. The indoor segment acquired a substantial revenue share in the market in 2022. Indoor surveillance cameras are primarily deployed to protect the interior of buildings, homes, or facilities. They are highly effective at monitoring entry points, common areas, and sensitive areas such as offices, warehouses, or retail spaces. In incidents or disputes, indoor cameras provide critical video evidence. This evidence can aid in resolving conflicts, investigations, and legal matters. Indoor surveillance can operate around the clock, providing continuous monitoring and recording even when the premises are vacant.Product Type Outlook
Based on product type, the market is characterized into IP-based, analog camera, and cellular camera. The IP-based segment garnered the highest revenue share in the market in 2022. IP cameras typically offer high-definition (HD) or even 4K video quality. This clarity is crucial for identifying individuals or objects in surveillance footage. These cameras can be accessed remotely over the Internet. Users can view live streams and recorded footage from their smartphones, tablets, or computers, providing flexibility and convenience for monitoring. IP cameras can be remotely accessed via the Internet.
IP-Based Outlook
The IP-based segment is further divided into Wi-Fi and wired. The wired segment recorded the largest revenue share in the market in 2022. Wired surveillance systems are known for their reliability. They guarantee consistent performance because they are less vulnerable to interference and signal loss than wireless systems. Wired cameras are appropriate for critical applications and high-security settings because wired connections are more reliable than wireless ones. Wired connections provide consistent and dedicated bandwidth for them, ensuring reliable and uninterrupted video feeds.Resolution Capacity Outlook
By resolution capacity, the market is divided into high definition (HD), full high definition (FHD), and ultra-high definition (UHD)(4K). The ultra-high definition (UHD/4K) segment witnessed a considerable growth rate in the market in 2022. UHD cameras can cover extensive areas with fewer cameras, reducing installation and maintenance costs. This makes them ideal for large-scale surveillance projects. UHD cameras enhance situational awareness by providing detailed images and enabling precise tracking of people and objects. This is valuable for critical applications like airport security and perimeter monitoring.End-Use Outlook
Based on end-use, the market is segmented into residential, commercial infrastructure, public facilities, industrial, military & defense, and others. The commercial infrastructure segment garnered the maximum revenue share in the market in 2022. The segment's expansion can be attributed to the increasing use of these to monitor public areas like corporate offices, retail stores, shopping malls, and other commercial buildings. Surveillance cameras in the aforementioned commercial spaces provide a potent deterrent to vandalism, unauthorized access, and theft, ensuring the security of the assets, clients, and staff.Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment recorded the highest revenue share in the market in 2022. This region's numerous investing nations are promoting surveillance systems for traffic management, urban planning, and public safety. Integrating surveillance equipment with Internet of Things (IoT) technology and cloud-based solutions is becoming increasingly popular in the market. In order to meet the changing needs of businesses and governmental organizations, this enables improved data storage, remote access, and scalability.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eye Trax, Inc, Milesight Technology Co., Ltd., Swann Communications Pty. Ltd. (Infinova Corporation), Honeywell International, Inc., Cisco Systems, Inc., Nokia Corporation, Panasonic Holdings Corporation, Robert Bosch GmbH, Teledyne FLIR LLC (Teledyne Technologies Incorporated), and Zhejiang Dahua Technology Co., Ltd.
Strategies deployed in the Market
Partnerships, Collaborations, and Agreements:
- Oct-2023: Teledyne FLIR LLC came into partnership with Magos Systems, an AI-powered radar detection technology provider, to develop solutions for end-to-end Perimeter Intrusion Detection Systems (PIDS). The partnership enforces Teledyne's commitment to providing its customers with facility and personnel protection solutions.
- Sep-2023: Teledyne FLIR LLC partnered with Quanergy Solutions, a 3-D LiDAR solutions provider, to offer security solutions for critical infrastructure environments. The partnership involves the combination of sensors offered by the two companies that would enable their customers to reduce intrusion threats.
- Jun-2023: Nokia Corporation teamed up with DXC Technology, an American IT company, to release DXC Signal Private LTE and 5G, a secure wireless network that facilitates the digital transformation of an organization. The solution addresses the automation needs of organizations that require low-latency, high-bandwidth networks.
- Mar-2022: Cisco Meraki, a subsidiary of Cisco Systems, Inc. came into partnership with Cogniac, an enterprise-grade AI solutions provider, to develop AI-powered computer vision applications for its MV smart cameras. The partnership would enhance Meraki’s MV series camera's video analytics capabilities and would allow its customers to build more automated spaces without creating any new infrastructure for it.
Product Launches and Product Expansions:
- Oct-2023: Nokia Corporation announced the launch of Autonomous Inventory Monitoring Service (AIMS), a suite of drone-enabled services used for improving cycle counting accuracy. The drones within the suite are navigable throughout the warehouse and provide an excellent ROI of up to 40 percent.
- Oct-2023: Teledyne FLIR LLC released FLIR Quasar Premium Mini-Dome AI, an AI-powered series of security cameras. The cameras within the series come in three models namely, 4K Narrow, 5 MP, and 4K Wide. The cameras within the range feature 12 distinct analytics algorithms used for detecting different objects.
- Aug-2023: Teledyne FLIR LLC unveiled Lepton 3.1R, a radiometric thermal camera module. The module has a 95-degree field of view and a maximum scene dynamic range of 400 degrees Celsius. The thermal sensitivity is set at < 50 mK for the uncooled microthermal cameras.
- May-2023: Nokia Corporation announced the launch of the Nokia Drone Networks solution, a drone-in-a-box solution used for monitoring purposes. The solution can be operated from a remote location and can be programmed for autonomous flights during the monitoring of large events.
- May-2023: Teledyne FLIR LLC released new features for its Boson+ thermal camera module. The new features include MIPI and CMOS compatibility for all resolutions and pixel-level temperature detection.
- Mar-2023: Panasonic Holdings Corporation released AW-UR100, a PTZ camera used for HD video recording. The camera has a dynamic image stabilizing system (DISS) and 4K/60FPS capability for HD videography. The rugged design of the camera's body facilitates its applications in harsh outdoor environments.
- Aug-2022: Robert Bosch GmbH released Smart Home Eyes Indoor Camera II, an indoor camera system used for monitoring applications. The camera has an integrated alarm siren and a 145° diagonal field of view. Furthermore, the camera comes with Access-protected storage of clips that can store up to 100 clips in the Cloud without any additional costs.
- Aug-2022: Milesight Technology Co., Ltd. introduced new UI for -PA/-PC Series AI cameras. The new UI offers simpler navigation and easier configuration by inducing a live view in the settings pane.
- May-2022: Nokia Corporation unveiled CxxO501a, a 5 G-enabled camera used for surveillance purposes. The camera has an 8MP sensor, 4K video streaming capability, and temperature operability range between -40- and +55-degrees C.
- Jan-2022: Panasonic Holdings Corporation announced the launch of a new series of 4K USB Cameras for facilitating workplace communications. The new series includes four models namely, KX-VDW120SX, VDW500SX, KX-VDW200SX, and KX-VDW300SX. All four of the cameras are equipped with auto-framing and speaker tracking capabilities. Additionally, the cameras have a field view angle of up to 110°.
- Jul-2021: Panasonic Holdings Corporation introduced the i-PRO S-Series, a suite of AI-powered indoor and outdoor security cameras. The cameras within the range feature a zoom capability of up to 40 times and H.265 compression technology for enhancing the performance and cost-effectiveness of video surveillance systems. Additionally, the H.265 compression technology can be paired with Panasonic’s Smart Coding technology and can deliver HD images at low bitrates.
Acquisition and Mergers:
- Sep-2023: Cisco Systems, Inc. took over Splunk, a US-based IT company. The acquisition would allow Cisco to integrate Splunk's portfolio with its AI portfolio which would drive AI-enabled security and observability.
- Aug-2023: Cisco Systems, Inc. announced the acquisition of Working Group Two (WG2) from Telenor Group, a Norwegian telecommunications company. The acquisition enables Cisco to strengthen its mobility services platform.
- Aug-2023: Cisco Systems, Inc. announced the acquisition of Code BGP, a Greek Border Gateway Protocol (BGP) monitoring solutions provider. The acquisition expands Cisco’s BGP monitoring capabilities.
- Jul-2023: Honeywell International, Inc. took over SCADAfence, an Israeli software company. With this acquisition, Honeywell would be able to increase the potential of its cybersecurity solutions.
- Jul-2023: Robert Bosch GmbH announced the acquisition of Paladin Technologies, Inc., a security, and life safety solutions provider. The acquisition expands the footprint of Bosch's system integration business in the North America.
- Jan-2022: Cisco Systems, Inc. took over Opsani, a US-based software company. Through this acquisition, Cisco would be able to enhance its AppDynamics platform's observation capabilities.
- Dec-2021: Honeywell International, Inc. signed an agreement to acquire US Digital Designs, Inc., a fire station alert solutions provider. This acquisition aids Honeywell in strengthening and expanding its public safety communications solutions portfolio.
- Nov-2021: Robert Bosch GmbH acquired Protec Fire and Security Group Ltd., a fire detection & security solutions provider. Through the acquisition, Robert Bosch would be able to expand its Building Technologies’ European business.
- Jun-2021: Cisco Systems, Inc. acquired Kenna Security, Inc., a risk-based prioritization solutions provider. The acquisition enhances Cisco’s SecureX platform and would allow customers to discover and prioritize any asset-related threats.
Scope of the Study
Market Segments Covered in the Report:
By Deployment (Volume, Million Units, USD Billion, 2019 to 2030)- Outdoor
- Indoor
- IP-based
- Wired
- Wi-Fi
- Cellular Camera
- Analog Camera
- High Definition (HD)
- Full High Definition (FHD)
- Ultra High Definition (UHD) (4K)
- Commercial Infrastructure
- Industrial
- Public Facilities
- Military & Defense
- Residential
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Eye Trax, Inc
- Milesight Technology Co., Ltd.
- Swann Communications Pty. Ltd. (Infinova Corporation)
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Nokia Corporation
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Zhejiang Dahua Technology Co., Ltd.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Surveillance Camera Market by Deployment
Chapter 6. Global Surveillance Camera Market by Product Type
Chapter 7. Global Surveillance Camera Market by Resolution Capacity
Chapter 8. Global Surveillance Camera Market by End-use
Chapter 9. Global Surveillance Camera Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- Eye Trax, Inc
- Milesight Technology Co., Ltd.
- Swann Communications Pty. Ltd. (Infinova Corporation)
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Nokia Corporation
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Zhejiang Dahua Technology Co., Ltd.
Methodology
LOADING...
