Market Overview:

The Security Camera Market size is estimated to reach $50.2 billion by 2030, growing at a CAGR of 14.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Security Camera Market – By Pixel Resolution (Less than 1.0 MP, 1.1 - 3.0 MP, 3.1 - 5 MP, More than 5 MP), By Direction type (Omnidirectional, Unidirectional), By Use type (Indoor, Outdoor), By Type (Infrared, Box, Dome, PTZ, Bullet, Others), By System Type  (Analog Based, IP Based), By Application (Infrastructure, Border Security, Commercial, Residential, Industrial, Institutional, Others), By Sales channel (Dealers, Retailers, Direct Sales, Online Sale), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
The increasing adoption of AI-powered security cameras and expansion of the residential security segment are expected to create growth opportunities in the market during forecast period.

North America Dominated the Market in 2023:

North America accounted for the largest share in the Security Camera Market in 2023. In February 2022, the Ontario government in Canada is investing $25 million in a new grant program to help faith-based and cultural organizations protect their communities against hate-motivated crime. These funds will be used for eligible expenses related to security and safety measures, which drives the market growth in this region.

Security Camera Market: Key Takeaways

Integration of AI and Deep Learning:

Modern security cameras are increasingly equipped with AI-driven analytics that can recognize faces, detect anomalies, and analyze behavior patterns in real time. This trend is transforming security cameras from passive monitoring devices to active components in security systems that can predict and respond to potential threats. AI-enhanced cameras offer features such as automatic object tracking, predictive analytics, and advanced motion detection, which significantly improve the accuracy and efficiency of surveillance. The adoption of these intelligent cameras is growing rapidly in sectors like retail, transportation, and public safety, as they offer enhanced security capabilities while reducing the need for constant human monitoring.
Growth of Cloud-Based Surveillance Solutions:
Cloud technology allows for the storage, retrieval, and analysis of video footage over the internet, providing users with flexible and scalable surveillance options. This trend is driven by the advantages of cloud storage, such as lower upfront costs, ease of access from multiple locations, and the ability to integrate with other IoT devices and security systems. Additionally, cloud-based solutions often come with built-in AI analytics, enabling users to leverage advanced features without needing on-premise hardware. This trend is particularly appealing to small and medium-sized enterprises (SMEs) and residential users, who benefit from the affordability and convenience of cloud-based services. 

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Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

14.2%

Market Size in 2030

$50.2 billion

Segments Covered

By Pixel Resolution, By Direction Type, By Use Type, By Type, By System Type, By Application, By Sales Channel

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

1.  Samsung

2.  Sanyo

3.  Honeywell

4.  FLIR

5.  Sony

6.  Avtech

7.  Zicom

8.  Panasonic

9.  LG Electronics

10. Schneider Electric



Recent Developments:

  • In January 2024, Consistent Infosystems, a rapidly expanding Indian IT brand, has launched a new lineup of Made in India surveillance cameras, bolstering its robust Security & Surveillance product range. The new surveillance camera range offers a comprehensive solution, featuring Smart Wireless 4G PT, Solar 4G, Wireless Pan-Tilt Wifi 3MP/4MP Mini Wi-Fi P2P, 4G Color, and 4G Dome SECURITY Cameras.
  •  In July 2023, Versuni, formerly Philips domestic appliances, introduced smart security cameras and a Home Safety app. The lineup includes indoor & weatherproof 360° Wi-Fi cameras, utilizing AI for accurate motion detection, reducing false alerts, with 24/7 control.

Security Camera Market: Competitive Landscape

Key companies profiled in the Security Camera Market are Samsung, Sanyo, Honeywell, FLIR, Sony, Avtech, Zicom, Panasonic, LG Electronics, Schneider Electric and others.

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