CCTV Camera Market was worth US$ 12.36 Bn in 2021 and total revenue is expected to grow at a rate of 11.4 % CAGR from 2022 to 2029, reaching almost US$ 29.32 Bn in 2029.
CCTV Camera Market Overview
Maximize Market Research a business consulting firm has published a business intelligence report on CCTV Camera Market. The report covers the in depth analysis of the market and provides the market overview through common subjects that are highlighted with the unique data based on the need. It also helps in determining the future potential of the CCTV Camera Market in upcoming next few years during the forecast period. The report provides us the dominant market drivers and the restraints and good opportunities as well as challenges.
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Market Scope
The report published emphasizes the micro and the macro market insights of manufacturers, suppliers, distributors, and investors in the global market. The research are conducted on primary and secondary basis which gives the best strategies for investment in the market globally. It focuses on the major key players and dominant regions of the market. It covers the market trends and future insights in terms of demand and supply chain, sales as well as recent changes in economic and political effects on the market.
Segmentation
The market is further divided into the following sub-sectors: Box CCTV camera, Bullet CCTV camera, PTZ CCTV camera, and Dome CCTV camera. In 2021, dome cameras had a 42% market share among them all, and it was predicted that they would continue to rule during the forecast period. The market for dome CCTV cameras, which was valued at US$3.1 billion in 2021 and is anticipated to grow to US$7.2 billion over the course of the forecast period, will be led by the USA, Canada, Japan, China, and Europe. Depending on the application or the required field of view, dome cameras are either suspended from a wall-mounted bracket or mounted on the ceiling.
The market is further divided into BFSI, Home Security, Retail, Commercial Infrastructure, Hospitality, Government, and Others based on application. The government sector, out of all of these, has the highest market share as of 2021 and is anticipated to maintain its dominance throughout the forecast period. Growing demand for security and surveillance from military applications, an increase in government security initiatives across the globe, an increase in crime and terrorist attacks worldwide, and increased government and municipal investment in the CCTV camera market.
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Key Players
• Bosch Security Systems Inc.
• Axis Communications AB
• Geovision Inc.
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Zhejiang Dahua Technology Co., Ltd.
• Honeywell Security Group
• Avigilon Corporation
• FLIR Systems Inc.
• Panasonic System Networks Co., Ltd.
• Pelco by Schneider Electric
• Mobotix AG
• Dahua Technologies
• ADT LIC
• Sony electronics
• Uniview
• Samsung
Regional Analysis
CCTV Camera Region dominated the CCTV Camera market in 2021 and is expected to grow more significantly during the forecasted period. The geographical influence to the market is also undertaken while analysing the market to gain a better perspective and understanding of the market and target audience. The massive growth in the industry coupled with the rising population and the demand in the region is influencing the market growth.
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Key Questions answered in the CCTV Camera Market Report are:
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 10, 2023