CCTV Global Market Report 2024

Description

“CCTV Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cctv market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cctv? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cctv market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Hardware; Software; Services
2) By Technology: CMOS Technology; CCD Technology
3) By Camera Type: Analog Camera; Internal Protocol (IP) Camera
4) By Channel: Online Channel; Offline Channel
5) By End User: Educational Centers; Hospitals; Hotels; Real Estates; Religious Places; Government; Retail; IT Sector; Transport Sector
Companies Mentioned: Hangzhou Hikvision Digital Technology Co. Ltd.; Bosch Security and Safety Systems Inc.; Honeywell Commercial Security; Panasonic i-PRO Sensing Solutions; Dahua Technologies Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

CCTV (closed-circuit television) constitutes a television system where signals aren't publicly broadcast but are monitored, primarily used for surveillance and security purposes, aiding in crime prevention and detection. These systems are strategically placed in public areas to capture relevant footage and provide evidence when necessary.

The key components of CCTV encompass hardware, software, and associated services. Hardware refers to the internal and external components enabling a computer to execute crucial operations such as input, output, storage, communication, and processing. CCTV technology comprises CMOS and CCD technologies, employing camera types such as analog and IP cameras, distributed through online and offline sales channels. The end-users of CCTV systems vary across sectors, including educational institutions, hospitals, hotels, real estate, religious establishments, government entities, retail businesses, the IT sector, and transportation services. These entities utilize CCTV for diverse security and surveillance needs within their respective domains.

The CCTV market research report is one of a series of new reports from The Business Research Company that provides CCTV market statistics, including CCTV industry global market size, regional shares, competitors with a CCTV market share, detailed CCTV market segments, market trends, and opportunities, and any further data you may need to thrive in the CCTV industry. This CCTV market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cctv market size has grown rapidly in recent years. It will grow from $15.79 billion in 2023 to $18.14 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth observed in the previous period can be primarily attributed to several factors. These include heightened security concerns across various sectors, increased focus on corporate and industrial security measures, efforts towards public safety and urban surveillance initiatives, the implementation of retail loss prevention strategies, and the utilization of CCTV systems for traffic monitoring and efficient traffic management purposes. These factors collectively contributed to the growth witnessed in the adoption and expansion of CCTV systems during that timeframe.

The cctv market size is expected to see rapid growth in the next few years. It will grow to $30.26 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. Anticipated growth in the upcoming period is expected to be driven by various influential factors. These encompass the expansion of smart city initiatives, heightened integration of CCTV systems with IoT (Internet of Things) technologies and analytics, the rising adoption of CCTV solutions in residential security setups, an increasing emphasis on health and safety compliance standards, and the growing utilization of remote monitoring and cloud services in CCTV applications.

The rising demand for security systems is set to drive the CCTV (Closed-Circuit Television) market. These systems aim to safeguard individuals and properties against various threats, including crime, theft, accidents, and sabotage. The increased demand for security systems, driven by growing crime rates, contributes significantly to the growth of the CCTV market. For example, the FBI's 2021 Nationwide Crime Statistics reported a 4.3% rise in the expected murder rate from 2020 to 2021, emphasizing the heightened need for security measures.

The expansion of universities and colleges worldwide is expected to further fuel the growth of the CCTV market. These educational institutions benefit from CCTV cameras to enhance safety and security across campuses, deterring unauthorized access and criminal activities. For instance, India's Ministry of Education's All India Survey on Higher Education recorded a substantial increase in the number of universities and colleges in the country in 2020-2021, underlining the growing demand for surveillance systems in academic settings.

Technological advancements play a pivotal role in the evolution of the CCTV market. Companies within this sector are leveraging new technologies to maintain their market position. For instance, Lorex Technology Inc., a Canadian security company, introduced a 4k Wi-Fi Security Camera with Smart Security Lighting technology. This camera's innovative features allow users to customize LED signals based on specific camera settings and motion events, enhancing security while minimizing false alarms through AI-driven Smart Motion Detection Plus.

Major players in the CCTV market are actively innovating with AI-based surveillance cameras to gain a competitive edge. These cameras, equipped with artificial intelligence, perform advanced functions such as human detection, facial recognition, and object tracking. South Korea-based Idis introduced a new line of edge AI surveillance cameras with features such as the Idis Deep Learning Engine, offering superior edge processing capabilities. These cameras enable faster investigations, smart failover options, and seamless integration with Idis network recorders, promising cost-effective surveillance solutions.

In May 2022, Motorola Solutions acquired Videotec S.p.A., an Italian manufacturer of CCTV products. This strategic move aims to diversify Motorola Solutions' portfolio, particularly in the fixed video camera segment, solidifying its position in the video security systems market. This acquisition strengthens the company's offerings in professional video surveillance, including analog and IP PTZ cameras, indoor and outdoor surveillance systems, and related accessories.

Major companies operating in the cctv market report are Hangzhou Hikvision Digital Technology Co. Ltd., Bosch Security and Safety Systems Inc., Honeywell Commercial Security, Panasonic i-PRO Sensing Solutions, Dahua Technologies Co. Ltd., Samsung Electronics Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Avigilon, Motorola Solutions Inc., Huawei Technologies Co. Ltd., Sony Corporation, Cisco Systems Inc., Axis Communications AB, CP Plus, Hanwha Vision, Pelco Inc., Vivotek Inc., FLIR Systems Inc., Canon Inc., Tiandy Technologies Co. Ltd., Dallmeier electronic GmbH & Co. KG, Genetec Inc., IDIS Co. Ltd., Mobotix AG, Arecont Vision Costar LLC, Lorex Technology Inc., Vicon Industries Inc., March Networks Corporation, Raytec Ltd., Merit LILIN Ent. Co. Ltd.

North America was the largest region in the CCTV market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global CCTV market report during the forecast period. The regions covered in the cctv market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the cctv market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The CCTV market consists of revenues earned by entities by providing services such as alarm monitoring services, location surveillance, monitoring traffic, boarder surveillance. The market value includes the value of related goods sold by the service provider or included within the service offering. The CCTV market also includes sales of monitors, video cassette recorders, cameras, lenses, mountings, coverings, power cables, switches, and synchronizers which are used in providing CCTV related services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11603

1. Executive Summary

2. CCTV Market Characteristics

3. CCTV Market Trends And Strategies

4. CCTV Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global CCTV Market Size and Growth

5.1. Global CCTV Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global CCTV Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global CCTV Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. CCTV Market Segmentation

6.1. Global CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hardware
Software
Services
6.2. Global CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
CMOS Technology
CCD Technology
6.3. Global CCTV Market, Segmentation By Camera Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Analog Camera
Internal Protocol (IP) Camera
6.4. Global CCTV Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online Channel
Offline Channel
6.5. Global CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Educational Centers
Hospitals
Hotels
Real Estates
Religious Places
Government
Retail
IT Sector
Transport Sector

7. CCTV Market Regional And Country Analysis

7.1. Global CCTV Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global CCTV Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific CCTV Market

8.1. Asia-Pacific CCTV Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China CCTV Market

9.1. China CCTV Market Overview
9.2. China CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India CCTV Market

10.1. India CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan CCTV Market

11.1. Japan CCTV Market Overview
11.2. Japan CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia CCTV Market

12.1. Australia CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia CCTV Market

13.1. Indonesia CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea CCTV Market

14.1. South Korea CCTV Market Overview
14.2. South Korea CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe CCTV Market

15.1. Western Europe CCTV Market Overview
15.2. Western Europe CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK CCTV Market

16.1. UK CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany CCTV Market

17.1. Germany CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France CCTV Market

18.1. France CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy CCTV Market

19.1. Italy CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain CCTV Market

20.1. Spain CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe CCTV Market

21.1. Eastern Europe CCTV Market Overview
21.2. Eastern Europe CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia CCTV Market

22.1. Russia CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America CCTV Market

23.1. North America CCTV Market Overview
23.2. North America CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA CCTV Market

24.1. USA CCTV Market Overview
24.2. USA CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada CCTV Market

25.1. Canada CCTV Market Overview
25.2. Canada CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America CCTV Market

26.1. South America CCTV Market Overview
26.2. South America CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil CCTV Market

27.1. Brazil CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East CCTV Market

28.1. Middle East CCTV Market Overview
28.2. Middle East CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa CCTV Market

29.1. Africa CCTV Market Overview
29.2. Africa CCTV Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa CCTV Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa CCTV Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. CCTV Market Competitive Landscape And Company Profiles

30.1. CCTV Market Competitive Landscape
30.2. CCTV Market Company Profiles
- 30.2.1. Hangzhou Hikvision Digital Technology Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Bosch Security and Safety Systems Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Honeywell Commercial Security
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Panasonic i-PRO Sensing Solutions
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Dahua Technologies Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global CCTV Market Competitive Benchmarking

32. Global CCTV Market Competitive Dashboard

33. Key Mergers And Acquisitions In The CCTV Market

34. CCTV Market Future Outlook and Potential Analysis

34.1 CCTV Market In 2028 - Countries Offering Most New Opportunities
34.2 CCTV Market In 2028 - Segments Offering Most New Opportunities
34.3 CCTV Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer