Global Cctv Camera Market – Industry Analysis And Forecast (2020-2027)

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Global CCTV Camera Market was valued at USD 16.15 Billion in 2019 and is expected to reach USD XX Billion by 2027, at a CAGR of 11% over forecast period 2020-2027.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global CCTV Camera Market

Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly transmitted, though it may employ point-to-point (P2P), point-to-multipoint (P2MP), or mesh wired or wireless links. The global CCTV market is mainly driven by the rising crime rates and terror attacks across ...
... the globe and increased investments by governments and municipalities as ways of mitigating the same. Heightened concerns regarding safety and protection of employees and intellectual property among companies is also leading to the increased adoption of CCTV cameras in organizational infrastructures.

An increasing number of companies offering technologically advanced products and services at competitive costs has led to increased traction of the market, especially in developing regions. The rising penetration of CCTV systems in the healthcare, banking, and retail sectors is also a major driving force for the global CCTV market.

Global CCTV Camera Market Segmentation Analysis

Global CCTV camera market is segmented by Model Type, Technology, Application, and Geography. By Model type, market is segmented into Box camera, Bullet camera, PTZ camera, Dome camera, and Others (Hybrid, etc.). Among all of these dome camera held 42% market share in 2019 and expected to keep its dominance over forecast period. Dome cameras are ceiling mounted or suspended from a wall mounted bracket depending on the application or the field of view required. The camera unit is mounted inside a transparent dome which can be tinted to obscure the camera position. Dome camera is available in wide variety of they can be analogue or IP, fixed or mobile. PTZ domes can rotate (pan), incline (tilt) or focus closer on objects of interest (zoom).

Based on the Technology market is divided into Wireless CCTV Systems, Hybrid CCTV Systems, Analog CCTV Systems, and IP-based CCTV Systems.

By Application, CCTV market is divided into BFSI, Home Security, Retail, Commercial Infrastructure, Hospitality, Government, and Others (Transportation, Healthcare, etc.). Among all of these government segment held highest market share in 2019 and is expected to keep its dominance over forecast period. Rise in government security projects in various countries, growing demand from military applications for security and surveillance, rising crime rates and terror attacks across the globe, increased investment by governments and municipalities in CCTV camera market.

Global CCTV Camera Market Geographical Analysis:

By geography, market is segmented into APAC, North America, Europe, Latin America and MEA& Africa. Among all these regions, Asia Pacific held 38% market share at a CAGR of 16.23% in 2019 and is expected to keep its dominance over forecast period. Production of low-cost CCTV in China is the major driving factor for the growth of CCTV market in the APAC region. The high application of CCTV cameras in various industrial sectors in this region is also propelling the growth of overall market during the forecast period.

APAC is followed by North America. North America exhibit 31% market share of global market over forecast period. An increasing security threat in region is expected to be major reason for the growth of the CCTV Cameras Market in the region during the forecast period.

The objective of the report is to present a comprehensive analysis of Global CCTV Camera Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.

External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global CCTV Camera Market dynamics, structure by analyzing the market segments and project the Global CCTV Camera Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global CCTV Camera Market make the report investor’s guide.

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Key Players in the Global CCTV Camera Market Are:

• Bosch Security Systems Inc.

• Axis Communications AB

• Geovision Inc.

• Hangzhou Hikvision Digital Technology Co., Ltd.

• Zhejiang Dahua Technology Co., Ltd.

• Honeywell Security Group

• Avigilon Corporation

• FLIR Systems Inc.

• Panasonic System Networks Co., Ltd.

• Pelco by Schneider Electric

Key Target Audience:

• Component and hardware providers

• Original Equipment Manufacturers (OEMs)

• Video surveillance enclosure providers

• Raw material vendors

• End-users/enterprise-users

• Research institutes and organizations

• Government bodies, venture capitalists, and private equity firms

• Market research and consulting firms

• Enterprise data center professionals

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