CCTV Camera Market Size & Share, by Camera Type (Dome CCTV, Box CCTV, Bullet CCTV, C-Mounted, PTZ Camera); Technology; End user - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 1298
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

CCTV Camera Market size was valued at USD 42.85 billion in 2024 and is set to exceed USD 291.77 billion by 2037, registering over 15.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of CCTV camera is estimated at USD 48.3 billion.

CCTV cameras play a pivotal role in public safety by providing deterrence of criminal activities. Networked security video systems typically consist of recording devices and analog or IP cameras, with real-time monitoring capabilities that capture video-only feeds.  Furthermore, modern residential security systems use smart home technology to send email or SMS alerts when an unusual activity is detected, thereby facilitating swift response. The CCTV camera market adoption is driven by increasing crime rates in both public and private spaces. According to a 2024 report by the World Population Review, more than 5 countries have a crime index of more than 75 including Venezuela, Papua New Guinea, Afghanistan, Haiti, and South Africa. While countries like Tuvalu, Nauru, Palau, San Marino, and many more have a crime index rate of less than 10. In addition, the U.S. Department of State re-issued a “Level 4: Do Not Travel” travel advisory for Venezuela driven by their high civil unrest and crimes.


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CCTV Camera Sector: Growth Drivers and Challenges

Growth Drivers

  • Integration of AI-powered video analytics- Integrating cloud-native solutions and AI-powered video analytics has resulted in a shift from analog to digital video systems. AI vision solutions or computer vision uses a highly sophisticated type of AI known as convolutional neural networks. These analyze images and video footage looking for behavioral and traffic patterns. In September 2023, Teledyne FLIR launched a new FLIR FC-Series AI CCTV camera with motion-based analytics and a deep neural network (DNN). The FC-Series AI camera creates images based on the heat-map analysis of humans and objects, instead of relying solely on visible light. The onboard thermal imager supports <25 milliKelvin (mK) an industry-leading thermal sensitivity and Noise Equivalent Temperature Difference (NETD) values. 

    AI-based surveillance cameras have a vital use case in monitoring ambient air quality. These CCTV cameras installed in public spaces can analyze the correlation between air pollutants and traffic volume using Particle Swarm Optimization (PSO) of sensor data. In a major technological intervention to address the rising industrial air pollution, the Government of Odisha piloted the installation of AI-integrated cameras in 2022.
  • Rising IoT technologies- CCTV camera companies are developing new products to keep up with the rapid advancements in technology including real-time video streaming, AI, object tracking, behavioral analysis, and facial recognition. The launch of state-of-the-art products is the primary focus of CCTV camera companies, as the demand for security and surveillance systems is rising.

    For instance, in October 2021, Hikvision, a well-known brand in the security and surveillance systems industry, unveiled its newest intelligent radar PTZ camera. This surveillance camera has a 4 MP resolution and a 40X long-range zoom. Furthermore, the thermal imaging systems  revenue has increased tremendously, propelled by the adoption of IoT in video monitoring. Research Nester estimated in 2023 that IoT connections had increased by 18% from 2022 to 2023 by more than 14 billion active IoT endpoints.
  • Increasing number of government initiatives for security- Growing government efforts to enhance security will generate a lucrative demand for opportunities for CCTV camera market expansion. Safe and Sound Security published a report in 2024, anticipating that the School Violence Prevention Program by the federal government will provide up to 75% of the money needed for school security measures, including grants for security cameras. Additionally, in places where physical monitoring isn’t possible, CCTVs are a great option that can render complete safety.

Challenges

  • Security and privacy concerns- It is anticipated that growing privacy concerns about preventing video data from theft and hackers will 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 24*7, attributed 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

Base Year

2024

Forecast Year

2025-2037

CAGR

15.9%

Base Year Market Size (2024)

USD 42.85 billion

Forecast Year Market Size (2037)

USD 291.77 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia-Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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CCTV Camera Segmentation

Camera Type (Dome CCTV, Box CCTV, Bullet CCTV, C-Mounted, PTZ Camera)

Dome camera segment is poised to hold CCTV camera market share of over 42.1% by the end of 2037. The aesthetically enhancing design of such cameras is expected to drive market adoption.  Their design can also make it impossible for invaders to predict the orientation of camera. Dome-shaped CCTVs also offer several features such as HD video resolution, pan-tilt-zoon (PTZ), infrared night vision, two-way communication, motion detection, and many more.

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. These features increase the flexibility and control that customers have over their security operations, while also raising the overall effectiveness of monitoring systems. Moreover, while having comparatively better image quality and features, C-mount cameras are getting more affordable, and giving a wider range of users more options.

Technology (IP Camera, Analog)

The IP camera segment in CCTV camera market is expected to be the fastest-growing segment with a lucrative size during the forecast period. This growth is propelled by the presence of advanced technologies during surveillance. Digital video data is processed and digitized simultaneously by IP cameras, as compared to analog CCTV cameras. The digital method also offers various advantages in terms of image quality and resolution. IP cameras can also send data via computer networks or over the internet. This allows users to watch live or recorded video remotely from any location with an internet connection.

Furthermore, when connected to more comprehensive security systems, IP cameras offer centralized monitoring and control. Growth in this sector will boost the security cameras value in the near future. In addition, a home security system with surveillance was introduced by ACT HomeCam. It connects to Wi-Fi, is affordable, and is easy to install. Users are also able to 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 market includes the following segments:

          Camera Type

  • Dome CCTV
  • Box CCTV
  • Bullet CCTV
  • C- Mounted
  • PTZ Camera

          Technology

  • IP Camera
  • Analog

          End User

  • BFSI
  • Homeland Security
  • Retail
  • Residential
  • Logistics & Transportation
  • Hospitality
  • Government
  • Commercial Spaces

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CCTV Camera Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific industry is predicted to hold largest revenue share of 50% by 2037. The presence of prominent players such as Panasonic Corp., Samsung, Sony Corp., Hangzhou Hikvision Digital Technology Co. Ltd., Canon India Pvt Ltd., and many more that 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 the IP cameras in the coming years.

In Japan, the crime rate is continuously increasing. The reported crime 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 would act as a major growth factor in the CCTV camera market in this country.

As China has one of the fastest-growing GDP and globalization rates, this led to an increasing security threat. To cater to such challenges, various organizations have adopted CCTV and IP cameras. These cameras have high social surveillance networks all over the country, which is about 9.6 million Km sq. for a population of about 1.4 billion. Furthermore, the total number of CCTV cameras installed in China is 200 million, compared to 50 million for the U.S.

North America Market Analysis

The North America region will also encounter huge growth in the CCTV camera market share during the forecast period with a notable size and will account for the second position. The rapid economic growth in the U.S. and Canada has led to the development of infrastructure such as industrial zones, building smart cities, and many more. According to the Smart America Challenge 2023, estimated that 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 at a surge which is propelled to drive the market share of the CCTV camera sector. According to a report in 2023, the annual crime rate registered a gain of 5% between 2021 and 2022, which demands more CCTV cameras in this country.

Increasing concerns related to road safety in the U.S. are projected to impact the revenue share of this market in this country. There is also a high demand for CCTV cameras in high-risk areas where safety is required. According to the Department of Transportation 2023, in the U.S., transportation-related incidents took the lives of over 370,000 people between 2011 and 2020. resulted in deaths in the U.S.

Research Nester
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Companies Dominating the CCTV Camera Landscape

    CCTV camera market expansion is predicted that these companies will occupy a tremendous share. Most of these companies are continuously collaborating, making agreements, expanding, and joining ventures for the growth of this industry and are set to be the major key players in this sector.

    Some of the key players include:

    • 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.

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: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of CCTV camera is estimated at USD 48.3 billion.

The CCTV camera market size was valued at USD 42.85 billion in 2024 and is set to exceed USD 291.77 billion by 2037, registering over 15.9% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by increasing crime rates in both public and private spaces.

Asia Pacific industry is predicted to hold largest revenue share of 50% by 2037, impelled by surge in the presence of various companies that offer technologically advanced products and services in this region.

The major players in the market are Axis Communications AB, 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., and others.
CCTV Cameras Market Report Scope
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