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.
Growth Drivers
Challenges
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 |
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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 |
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Technology |
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End User |
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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.
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:
Author Credits: Abhishek Verma
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