Global CCTV Camera Market Trends, Forecast Report 2025-2037
CCTV Camera Market size is predicted to rise from USD 42.85 billion to USD 291.77 billion, witnessing a CAGR of over 15.9% throughout the forecast period, between 2025 and 2037. In the year 2025, the industry size of CCTV camera is evaluated at USD 48.3 billion.
The CCTV camera market adoption is driven by increasing crime rates in both public and private spaces. According to a report published by World Population Review in 2024, more than 5 countries have a crime index of more than 75 including Venezuela, Papua New Guinea, Afghanistan, Haiti, and South Africa. Additionally, the overall crime rate in the U.S. was 49.2 in the same year. To prevent crimes modern residential security systems, use smart home technology to send email or SMS alerts when an unusual activity is detected, thereby facilitating swift response. There has been a rapid increase in the adoption of surveillance cameras to prevent theft and vandalism fueling the market expansion.
CCTV cameras also ensure real-time monitoring by sending live footage and enabling business owners to supervise. Various business owners are also deploying CCTV cameras to enhance employee productivity. The presence of a camera fosters the accountability of the employee and adheres to company policies. Furthermore, business owners are experiencing enhanced customer experience as they can take a look at buying behavior. Increased purchases from business owners are strengthening the CCTV market proliferation between 2025 and 2037.
CCTV Camera Market: Growth Drivers and Challenges
Growth Drivers
- Rising integration of AI-powered video analytics: Market players are launching state-of-the-art AI-enabled video analytics. During the time of the pandemic, these types of cameras were ensuring social distancing in busy spaces. Also, hospitals are majorly installing such cameras to keep track of patients, workers, and healthcare providers. According to data published by the Electronic Privacy Information Center in 2022, 46 countries were deploying AI surveillance technology. In September 2023, Teledyne FLIR launched a new FLIR FC-Series AI CCTV camera with motion-based analytics and a deep neural network (DNN).
- Surge in smart cities and government initiatives: The surveillance technology in smart cities extends far beyond conventional cameras. Smart cities have a complex web of surveillance consisting of advanced sensors, facial recognition, AI-enabled analytics, and facial recognition systems. For instance, cities such as New York, San Francisco, and Seattle have made it to the top ten smart cities in the U.S. According to a report published by Governor Kathy Hochul in 2022, a USD 2 million in funding was announced to purchase 5,400 cameras to be installed on 2,700 New York City Transit subway for cars. According to the United States Department of Justice, anticipated that the School Violence Prevention Program by the federal government is expected to provide up to 75% of the money needed for school security.
Challenges
- Security and privacy concerns: Growing privacy concerns about preventing video data theft is anticipated to restrict product adoption. Organizations are forbidden from storing video footage due to the increasing risk of data breaches and the misuse of video data stored in public cloud camera recorders. Cybercriminals use Distributed Denial of Service (DDoS) malware against specific systems, making networked video surveillance systems more susceptible to cyberattacks.
- Storage and bandwidth issues: CCTV and security cameras are required to have high storage especially when there is more than one camera. Cameras usually work 24x7, and due to this the required storage is comparatively higher. Furthermore, high storage and strong bandwidth may raise this device's price, which is one of the essential components of video cameras that are required for a strong infrastructure.
CCTV Camera Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
15.9% |
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Base Year Market Size (2024) |
USD 42.85 billion |
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Forecast Year Market Size (2037) |
USD 291.77 billion |
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Regional Scope |
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CCTV Camera Segmentation
Camera Type (Dome CCTV, Box CCTV, Bullet CCTV, C-Mounted, PTZ Camera)
The dome camera segment in the CCTV camera market is poised to hold a major share of over 42.1% by the end of 2037 as the aesthetic design of such cameras is projected to drive market expansion. Their design can also make it impossible for invaders to predict the orientation of the camera. Dome-shaped CCTVs offer several features such as HD video resolution, pan-tilt-zoon (PTZ), infrared night vision, two-way communication, motion detection, and many more. Several key players are investing in developing advanced dome cameras to cater to the rising demand. For instance, in April 2024, Axis Communications unveiled the AXIS Q9307-LV Dome Camera, which is integrated with two-way audio, visual warnings, intelligent analytics, and high-definition video.
Technology (IP Camera, Analog)
The IP camera segment in the CCTV camera market is expected to be the fastest-growing segment from 2025 to 2037. This growth is propelled by the inclusion of advanced technologies for surveillance purposes. When connected to more comprehensive security systems, IP cameras offer centralized monitoring and control. In April 2021, ACT HomeCam launched a home camera for surveillance able to connect to Wi-Fi and is easy to install. Users can view the live footage for security purposes from any location by pairing the camera with the TP-Link Tapo application available on the Google Play store.
Our in-depth analysis of the global CCTV camera market includes the following segments:
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Camera Type |
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Technology |
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End user |
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Customize this ReportCCTV Camera Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific CCTV camera market is predicted to hold the largest revenue share of 50% by 2037. The growth can be attributed to the presence of prominent players such as Panasonic Corp., Samsung, Sony Corp., Hangzhou Hikvision Digital Technology Co. Ltd., and Canon India Pvt Ltd. These companies offer technologically advanced products and services in this landscape is factoring the segment growth. For instance, Hanwha Techwin in December 2022 announced the integration of IP cameras and a remote video platform. This is highly beneficial for hospitals monitoring acute care and high-risk patients 24*7. This will increase the demand for IP cameras in the coming years.
Japan is also witnessing remarkable growth in the CCTV market on the back of a rising crime rate. According to Japan News in February 2023, the number of serious crimes witnessed a growth rate of 29.8% in 2023, which was estimated to be about 12,372 major crimes including robbery, assault, murder, trafficking, and many more. This is expected to act as a major growth factor in the CCTV camera market in this country.
North America Market Analysis
North America is expected to register rapid growth in the CCTV camera market. The rapid economic growth in the U.S. and Canada has been led by the development of infrastructure such as industrial zones, building smart cities, and many more. According to the Smart America Challenge 2023, over the next 20 years, city governments in the U.S. alone will spend about USD 41 trillion to modernize their infrastructure and utilize IoT solutions.
Thefts and burglaries in Canada are increasing and set to drive the market share of the CCTV camera sector. According to the Fraser Institute, the crime rate in Canada has increased by 43.8% in 2022 from the last decade. Additionally, increasing concerns related to road safety in the U.S. are projected to positively impact the revenue share of the market. According to the Department of Transportation in 2022, 42,514 lives were lost due to road accidents in the U.S.
Companies Dominating the CCTV Camera Landscape
- Axis Communications AB
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Honeywell Security Group
- Bosch Security Systems Inc.
- Hangzhou Hikvision Digital Technology C0., Ltd.
- Mobotix AG
- Zhejiang Dahua Technology Co., Ltd
- Geovision Inc.
- FLIR Systems Inc.
- Avigilon
- Nowon Technologies Pvt Ltd.
The competitive landscape of the CCTV camera market is rapidly evolving as established key players, automotive giants, and new entrants are investing in security and infrastructure. Key players in the market are focused on developing new technologies and products catering to the stringent regulatory norms and consumer demand. These key players are adopting several strategies such as mergers and acquisitions, joint ventures, partnerships, and novel product launches to enhance their product base and strengthen their market position. Here are some key players operating in the global CCTV camera market:
In the News
- In January 2024, Samsung announced their 'AI for All' vision at CES 2024, making this device convenient, safer to connect, energy-efficient, and more inclusive. This camera also provides an AI motion enhancer and works with Tizen OS Home as well for better connectivity.
- In June 2022, the next-generation box vigilance systems, Axis M11, from Axis Communications AB provide good image quality. Axis M1137 Mk II and M1135 Mk II, the indoor model, were intended to have 2 MP and 5 MP resolution, respectively. A microphone and audio recording capabilities are integrated into the models.
- In December 2022, the Honeywell Security Group introduced IP vigilance systems that use new technologies to record videos and include ONVIF integration. This was created to satisfy both the MAXPRO NVR integration and the security needs of the customers.
Author Credits: Abhishek Verma
- Report ID: 1298
- Published Date: Jan 29, 2025
- Report Format: PDF, PPT
