Global Surveillance Camera Market: Analysis By System Type, By Technology By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027 – Yahoo Finance



The global surveillance camera market in 2021 was valued at US$28. 02 billion. The market is expected to reach US$45. 54 billion dollars by 2027. Surveillance camera are video cameras used for the purpose of observing an area.

New York, Sept. 09, 2022 (GLOBE NEWSWIRE) — Reportlinker. com announces the release of the report “Global Surveillance Camera Market: Analysis By System Type, By Technology By Region Size and Trends with Impact associated with COVID-19 plus Forecast up to 2027” —
They are often connected in order to a recording device or IP network, and maybe watched by a security guard or even law enforcement officer. Surveillance camera can protect individuals or businesses from theft, fire, flood, or even intrusion. Furthermore, the global monitoring camera marketplace volume is likely to reach 524. 75 million units in 2027, increasing through 214. 30 million models in 2021.

Due to the rise in urban population, increasing criminal threats, growth in traffic management, technological improvements, and rising number of ATMs, would propel the market growth in the particular forthcoming years. The marketplace is anticipated to grow at a CAGR associated with 8. 38% during the forecast period of 2022-2027.

Market Segmentation Analysis:

Simply by System Kind: The statement provides the particular bifurcation of the market on the basis associated with system type. On the basis of value, the market is bifurcated into two segments: Analog and IP surveillance digital camera. In 2021, IP security camera held a major share of 65% in the market. Based on volume, the marketplace is bifurcated into the particular following segments based on the system type: Analog, IP Commercial, IP Consumer and other surveillance camera. In 2021, IP Commercial monitoring camera kept a major share of more than 40% in the market. On the other hand, the analog segment is expected to witness decline in the particular forthcoming many years owing to the emergence associated with IP cameras, with a number of advantages.

By Technologies: The record further provides the segmentation of the market quantity based on the technology: image signal processor, vision processor and vision processor + AI surveillance camera. The image signal processor chip held more than 70% of the particular share inside the marketplace. The market’s expansion will be aided by the increasing sales of home security systems, integration associated with artificial intelligence systems in surveillance digital camera and adoption of IoT based security systems. The vision processor + AI surveillance camera segment is usually projected to grow at the highest CAGR. Surveillance digital cameras manufacturers are shifting from basic picture processing in order to AI processing, which is likely to help in the growth from the global eyesight processor (+AI) camera market. The importance of artificial intelligence (AI) technology, during the COVID-19 pandemic has increased considerably, which helped various sectors, particularly healthcare, inside providing real-time monitoring solutions.

By Area: The review provides insight into the particular surveillance digital camera market in line with the regions namely Europe, North America, Asia Pacific, and the Rest of the World. Asia Pacific cycles held the particular major share of above 40% on the market owing to the rising criminal activities and enhancing the security of the population in the country.

Within North America, the US held the dominant share. The particular US is one of the most surveilled countries in the world, with CCTV cameras installed in most public plus private places. However , the particular retail and commercial end-user markets are usually estimated in order to have the largest number of cameras installed in the country. Whereas, in the Asia Pacific region, Japan and China held a significant share in the market as public safety agencies are heavily investing within emerging technologies for providing efficient safety solutions in Japan.

Marketplace Dynamics:

Growth Drivers: There is a rapid development of surveillance cameras within recent yrs for the purpose of reducing and preventing criminal actions. Criminal cases are decreasing proportionately as more of the cameras came into existence. Surveillance digital cameras can also deter crime by growing the probabilities associated with arrest plus punishment. Alarm notification is definitely the best way that the security cameras can function in prevention and reduction of criminal offense Furthermore, the particular market has been growing over the past few years, due to factors such as rapid urbanization, rising number of ATMs, growth in traffic administration, technological improvement and development in monitoring camera industry, and many other aspects.

Challenges: However, the market has been confronted with some challenges specifically, increase in privacy concern, high investment cost, etc .

Trends: The market is projected to grow in a fast pace during the forecast time period, because of numerous latest trends like integration of synthetic intelligence techniques in security camera, ownership of IoT based surveillance systems, emergence of video surveillance because a service (VSaaS), and so forth IoT systems are deployed in sectors including automotive, transportation, smart homes, energy, utility, security, surveillance, general public safety, financial services, retail, healthcare, industrial, warehousing, and distribution. The growing adoption of IoT based surveillance systems is offering an overall growth opportunity to the particular global monitoring camera marketplace.

Impact Evaluation of COVID-19 and Way Forward:

A global surveillance camera market was impacted in many ways by the COVID-19 outbreak. In the wake from the COVID-19 pandemic, the wide range of security cameras are turning out to be an effective way in order to serve the particular purpose associated with social distancing along with other purposes. To keep a check about COVID patients, the surveillance camera were used within COVID wards. Also, thermal surveillance was initiated to check the temperatures to avoid the spread of COVID infections at crowded areas.

Competitive Landscape:

The global surveillance digital camera market can be dominated primarily by Chinese companies, Hikvision and Dahua control about 60% of the total surveillance camera market.

The key players within the global monitoring camera market are:

Robert Bosch GmbH
Panasonic Corporation
Honeywell International Inc.
Cisco Systems, Inc.
Sony Group Corporation
LG Electronics Inc.
Dahua Technology
Axis Communications AB
Teledyne Technologies Incorporated
Hanwha Group
Motorola Solutions (Avigilon)

Some of the strategies among key players in the particular market with regard to surveillance cameras are product launches, mergers, acquisitions, and collaborations. For instance, in 2021, Hikvision announced the launch of its new DeepinView bullet system cameras along with TandemVu technologies, expanding the particular reach associated with TandemVu technology from PTZ units in order to bullet-styled models. Whereas, Dahua Technology announced that the company’s network digital camera and movie recorder products have passed ETSI EN 303 645 standard.
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