NEW
YORK, Jan. 10, 2025 /PRNewswire/ -- Report on
how AI is driving market transformation - The global security
camera market size is estimated to grow by USD 3.85 billion from 2025-2029, according to
Technavio. The market is estimated to grow at a CAGR of
12.1% during the forecast period. Growth of video
analytics helpful for surveillance video analyses is driving
market growth, with a trend towards growing adoption of
iot and smart homes. However, challenges regarding privacy and
data loss poses a challenge. Key market players include ADT
Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar
Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision
Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell
International Inc., Johnson Controls International Plc, JVCKENWOOD
Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert
Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group
Corp., Teledyne Technologies Inc., Vicon Industries Inc., and
Xiaomi Inc..
Key insights into market evolution with
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Security Camera
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2024
|
Historic
period
|
2019 - 2023
|
Forecast
period
|
2025-2029
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
12.1%
|
Market growth
2025-2029
|
USD 3851.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.9
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, China, Germany,
Canada, UK, France, Japan, India, South Korea, and Italy
|
Key companies
profiled
|
ADT Inc., Amazon.com
Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc.,
Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology
Co. Ltd., Hanwha Techwin America, Honeywell International Inc.,
Johnson Controls International Plc, JVCKENWOOD Corp., Motorola
Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH,
Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne
Technologies Inc., Vicon Industries Inc., and Xiaomi
Inc.
|
Market Driver
The security camera market is experiencing significant growth
due to increasing operational needs for safety and crime
prevention. Traditional security cameras are being replaced by
smart security solutions, including AI-powered appliances and IP
cameras with high-definition and infrared capabilities. Innovations
like facial recognition, motion detection, and anomaly detection
are driving consumer interest. Cost-effective options, such as box
cameras and dome cameras, offer ease of installation and
scalability. Strategic partnerships and promotions are making
advanced security solutions more accessible to homeowners and
businesses. With the rise of the Internet of Things, cloud-based
video surveillance and mobile surveillance systems are becoming
essential for both home and commercial security. Despite investment
costs, the benefits of AI-driven analytics, incident response
times, and thermal imaging outweigh the risks of misuse and privacy
concerns. Security camera systems are essential for crime
prevention, border security, and critical infrastructure
protection, making them a worthwhile investment for private
properties and public spaces.
The Security Camera market is experiencing significant growth
due to the increasing adoption of Internet of Things (IoT) devices,
specifically smart cameras, for residential security. These
advanced cameras come equipped with video analytics and recognition
capabilities, enabling them to monitor and identify family members,
pets, and objects. Consumers can record and view security events in
real-time via their smartphones. Additionally, vendors offer smart
doorbells and peepholes, replacing traditional models with cameras
that detect people entering or exiting homes and monitor objects
outside. Indoor smart cameras can also be used to monitor pets or
babies from a distance.
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Market Challenges
• The security
camera market is witnessing significant growth due to the
increasing operational needs for safety and crime prevention in
various sectors. Traditional security solutions like analog
surveillance and dome cameras are being replaced by smart security
cameras with advanced features like infrared, AI-powered
appliances, and high-definition cameras. These innovations offer
benefits such as anomaly detection, facial recognition, and two-way
audio. However, challenges include investment costs, ease of
installation, and privacy concerns. In high-risk areas like border
security and critical infrastructure, scalable AI-driven analytics
and thermal imaging are essential. Homeowners seek cost-effective,
smart home technology solutions with long battery life and remote
control. Strategic partnerships and promotions drive consumer
interest. Despite these advancements, security risks and privacy
protections remain crucial considerations. Incident response times
and evidence collection are essential for investigations. Smart
city development and mobile surveillance systems offer new
opportunities. Overall, the market requires continuous innovation
to address operational needs and consumer demands.
• IP-based
security cameras offer valuable surveillance solutions for
businesses, but they also present significant cybersecurity risks.
Hackers can launch various attacks, such as DDoS, MiTM, data
breaches, APTs, and ransomware, exploiting vulnerabilities in these
devices. Weak passwords and mass-produced, identical cameras make
them easy targets. Compromised security cameras can disrupt
networks and potentially provide a gateway to larger IT
infrastructure breaches. Businesses must prioritize securing their
IP-based security cameras to mitigate these risks.
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Segment Overview
This security camera market report extensively covers market
segmentation by
- Technology
- Product Type
- 2.1 HD and full-HD
- 2.2 Non-HD
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
- System
- Application
- Feature
- Camera resolution
- Type
1.1 Analog- Analog cameras are a
cost-effective solution for businesses seeking continuous
surveillance through closed-circuit television (CCTV) systems.
These cameras transmit video signals over cable to video cassette
recorders (VCRs) and digital video recorders (DVRs), offering
resolution ranges compliant with National Television Standards
Committee (NTSC) and Phase Alternating Line (PAL) standards.
Resolutions range from 420 to 1080 pixels, ensuring clear images.
Analog cameras can connect via coax cables, twisted-pair cables, or
wireless connections. Vendors provide advanced features such as
infrared light-emitting diodes (IR LEDs) for night vision, 1080
pixels analog high definition (AHD), 1080 composite video interface
(CVI), and complementary metal-oxide-semiconductor (CMOS) sensors
with Infrared Cutfilter Removal (ICR) for accurate color
reproduction. Cameras are built with Ingress Protection rated
metal, safeguarding against dust, sand, rain, and snow. VCRs and
DVRs are essential for video recording, with offerings up to 50
terabytes of storage, motion-detecting push notifications, remote
viewing via smartphones, tablets, and computers, advanced recording
and playback options, and scheduling recording 24/7 or by motion
detection. Vendors also provide customer care services and a
three-year warranty. Analog cameras are commonly used in city
infrastructure surveillance, ATM banking outlets, construction
sites, and indoor retail environments due to their affordability
and advanced features. With a lower average selling price (ASP) and
technological advancements like AHD and pan-tilt-zoom (PTZ), the
analog segment will continue driving growth in the global security
camera market.
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Research Analysis
The Security Camera Market encompasses various segments,
including video surveillance systems, CCTV, and smart home
security. Accessories such as lenses, mounts, and cables enhance
the functionality of these systems. Security camera technology
continues to evolve, offering advanced features like analytics,
remote monitoring, and cloud-based solutions. Organizations across
industries rely on security cameras for benefits like deterrence,
evidence collection, and improved safety. Installation and
integration with business systems are crucial considerations.
Security camera pricing varies based on factors like resolution,
type, and advanced features. Privacy concerns and cybersecurity are
essential aspects of the security camera market. Standards and
regulations ensure data protection. Comparison of different
security camera solutions based on their features, advantages, and
ROI is vital for making informed decisions. The market's growth is
driven by increasing security concerns, technological advancements,
and the integration of security systems with other business
solutions. Security camera revenue is expected to continue growing
as demand for advanced and cost-effective solutions increases.
Innovations like AI and machine learning are transforming the
market, offering improved monitoring, analytics, and cybersecurity.
Maintenance and software updates are essential for ensuring optimal
performance and security. Security camera manufacturers cater to
various applications, from residential to industrial, providing
customized solutions to meet diverse needs. The market's trends
reflect the shift towards more advanced, cost-effective, and
user-friendly systems.
Market Research Overview
The security camera market is experiencing significant growth
due to the increasing operational needs for safety and crime
prevention in various sectors. Traditional security solutions, such
as analog surveillance cameras, are being replaced by innovative
smart security cameras with features like infrared technology,
AI-powered appliances, and high-definition cameras. These advanced
security solutions offer benefits like anomaly detection, facial
recognition, and two-way audio. Investment costs for security
camera systems have decreased with the advent of scalable IP
cameras and the Internet of Things. Smart city development and
border security are major drivers of growth, with AI-driven
analytics and cloud-based video surveillance becoming essential
components. Consumers, including homeowners, are showing increased
interest in smart home devices and security solutions, leading to
promotions and discounts. Expertise in security camera installation
and maintenance is crucial for effective surveillance coverage. In
high-risk areas, security cameras are used to prevent incidents
like burglary, unauthorized access, and intruders. Thermal imaging
and motion detection are effective surveillance tools for crime
prevention. However, privacy concerns and data protection laws
necessitate privacy protections and data redundancy. Security risks
and misuse are potential challenges, requiring strategic
partnerships and incident response times. Scalability and
cost-effectiveness are essential considerations for commercial
security and mobile surveillance systems. Overall, the market for
security cameras is continuously evolving with innovations like
machine learning and deep learning engines.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Technology
-
- Product Type
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
- System
- Application
- Feature
- Camera resolution
- Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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