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Security Cameras Market Size - By Form Factor, By Connectivity, By Environment, By Resolution, By Distribution Channel, By End Use, 2025 - 2034

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Security Cameras Market Size

The global security cameras market was valued at USD 18.3 billion in 2024 and is estimated to grow at a CAGR of 9.2% to reach USD 48.1 billion by 2034. The growth of the market is attributed to factors such as technological advancement, government initiative to enhance public safety and rising crime rate.
 

Security Cameras Market

For instance, according to World population review, Venezuela and Papua New Guinea accounted for of 82.1 and 80. 4 crime indexes in 2024 respectively which is the highest of any country in the world. The U.S. Department of State has issued a Level 4 travel advisory for Venezuela, indicating travelers should not visit the country. 
 

The security camera market is shifting with the evolution of AI ecosystems, to pave the way for innovation. Deep learning and analytics are the latest technology in the security camera market which is increasingly being adopted by manufacturers across the commercial security camera market. The AI video analytics can automatically recognize objects and vehicles in real time and identify people. Security cameras with the help of AI video analytics can detect potential problems and provide important information. Hence, the security cameras market is expected to grow owing to the integration of AI video analytics in security cameras.
 

Moreover, the growing use of security camera for traffic surveillance is driving the growth of the market.  Security cameras play a vital role in real time traffic management by monitoring and recording the traffic on roads. It is also widely used in accident prone areas to capture real time images. For instance, according to a study done by Tsinghua University, China, security cameras helps to reduce road traffic collisions and lower accidents in accident-prone areas by up to 15%.
 

Stringent government regulations to enhance public safety are driving the growth of the security camera market.  According to the Global Organized Crime Index, the global rank of criminality was 5.03 in 2023, which is higher compared to the 4.87 in 2021.  To reduce the crime rate governments and international organizations are implementing rules of the usage of security cameras in public and private premises.
 

For instance, In India, Ministry of Electronics and Information Technology (MeitY) mandate the rules and regulations for CCTV cameras. According to MeitY, all the CCTV cameras sold or manufactured must comply with strict security standards that cover physical security, access control, network encryption and penetration testing. This initiative will improve the quality and cybersecurity of security cameras which will enhance the safety of citizens.
 

Security Cameras Market Trends

  • One of the significant trends is the increasing adoption of AI-enabled security cameras owing to the need of AI video analytics . AI enabled security cameras are predominantly used in public places such as academic campuses, airports, sports centres, shopping zones, and tourist hotspots. These public places are crucial places in security aspects and the AI solution enables the real time tracking and offers actionable insights. Companies are collaborating to offer an AI enables security cameras. For instance, in November 2024, Sparsh CCTV, a security solutions provider, and Cron AI announced their strategic partnership, to redefine security surveillance.
     
  • Another signification trend is a shift towards cloud technology. Manufacturers are shifting to cloud technology as it empowers businesses to develop flexible, reliable and affordable IT infrastructure. In cloud technology, As a Service (AaS) model is gaining popularity owing to automatic updates, simplified scaling, improved flexiity, and streamlined costs.  Moreover, cloud technology also offers cloud-based data storage and remote accessibility with improved data security.
     
  • For instance, in Aprile 2024, Axis Communications launched an open cloud-based platform named Axis Cloud Connect, to enhance security, flexibility, and scalability of data. Axis also introduced AXIS Camera Station Pro, Edge, and Center, leveraging cloud connectivity for advanced video surveillance. The platform strengthens cybersecurity and fosters innovation in cloud-based security solutions.
     
  • Another prominent trend is the growing adoption of 5G in video security cameras.  5G security cameras enable faster transfer speed, higher quality video, greater network capacity, and advanced security features. 5G enables faster and stable connection that provides smooth, low-latency video streaming across multiple remote-access devices.  As 5G is expected to grow rapidly, more 5G enabled cameras will be developed by manufacturers which is expected to drive the demand for market.  
     

Security Cameras Market Analysis

Global Security Cameras Market Revenue Share, By Environment, 2024 (%)

Based on the form factor, the market is segmented into dome cameras, bullet cameras, PTZ (Pan, Tilt, Zoom) cameras, turret cameras, fisheye cameras, specialty cameras, and others.
 

  • Dome cameras segment accounted for USD 4.2 billion in 2023. Dome cameras are sleek and dome in shape, it offers 360 degrees monitoring. They are easy to maintain without disturbing their position. They are equipped with night vision technology, infrared LED, which makes them suitable for both indoor and outdoor applications. This increased applicability is driving the demand for this segment.
     
  • Bullet cameras segment accounted for USD 3.4 billion in 2022. Bullet cameras are long cylindrical in shape. It captures high quality videos, and images. Bullet cameras are noticeable as compared to dome cameras, and hence they pose more deterrence to the criminals. It is easier to install and customer can get customized lenses. These benefits are driving the growth of the segment.
     
  • PTZ (Pan, Tilt, Zoom) cameras segment accounted for USD 1.1 billion in 2021. The ability to zoom, tilt and span enables the camera to cover huge area. Motion based auto tracking is the unique feature of these cameras, where the camera automatically zooms in to capture the high-resolution image of the moving objects. These types of cameras are mainly used for museums. The increasing adoption of PTZ cameras are expected to drive the security camera market.
     
  • Turret cameras segment accounted for USD 761.9 million in 2021.  Turret cameras are experiencing significant growth due to flexible monitoring capabilities, enhanced low-light performance, visible deterrence, and versatility in installation.
     
  • Fisheye cameras segment accounted for USD 640.0 million in 2022.  Fisheye cameras segment is preferable for outdoor areas such as parking lots, warehouses, and retail stores. It offers 360-degree panoramic view, which captures comprehensively in single frames. It reduces the installation cost as few cameras can cover extensive area. This advantage of segment is driving the segment.
     
  • Specialty cameras segment accounted for USD 1.1 million in 2023.  Specialty cameras segment includes day/?night cameras, Infrared or night vision cameras, thermal imaging cameras, varifocal cameras, and ANPR and LPR cameras. These security cameras are used for special purposes. The increasing need for high quality images in medical imaging is likely to drive the market.

     
Global Security Cameras Market Revenue Share, By Environment, 2024 (%)

Based on the environment, the market is divided outdoor, and indoor. Security cameras are used in both types of environments such as indoor and outdoor.
 

  • The outdoor segment is expected to account for 36.3% of the global security cameras market in 2024. Outdoor environment includes areas such as commercial building perimeters, parking lots, access roads, industrial sites, and transportation hubs. These cameras are robust as compared to the inner security cameras. Owing to the applicability in several areas this segment is growing.
     
  • The indoor environment segment is expected to account for 63.7% of the global market in 2024. Indoor security cameras are devices used to monitor and protect the inner environment of residential or commercial buildings. Indoor security cameras are updated with internet and wifi connectivity, and users can access the data from mobile devices. Increasing shift towards smart home is driving indoor environment segment.
     

Based on connectivity, the security cameras market is segmented into wired, wireless, and IP or network CCTV camera.
 

  • Wired security cameras segment dominated the market accounting for USD7 billion in 2024.  Wired security cameras transfer audio signals and video signals through a cable to a central hub. This data can be stored locally for later viewing or sent to a network outside the house. This network system enables users to access the video either in real time or later.
     
  • The wireless security cameras segment accounted for USD 5.3 billion in 2023. The growth of this segment is driven by the demand of wireless security cameras by commercial projects due to numerous benefits over traditional wired connectivity such as flexibility, ease of installation and cost effectiveness.
     
  • IP or network CCTV cameras segment accounted for USD 2.8 billion in 2022. In IP security cameras connectivity, each device relates to IP address and connected directly to ethernet network, and each device operates independently. This segment is driven due to its ability to eliminate bulkiness and improved video sharpness and quality and its enhanced data storage capacity.         
     

Based on resolution, the security cameras market is segmented into Standard Definition (SD), High Definition (HD), Ultra High Definition (UHD), and Megapixel Cameras (3-12 MP). The High Definition (HD) segment is projected to grow at a CAGR of 8.4% during the forecast period. The high growth of this segment is driven by increasing demand for high resolution and clarity.
 

  • The Standard Definition (SD) segment will grow at a CAGR of 6.8% during the forecast period. Standard definition security cameras are also known as analogue security cameras. SD security camera transmits an image from a camera to a recording device. SD security cameras have limited image resolution, which is much lower than HD. SD camera systems produce D1 resolution images. SD camera system includes cameras, recorder and accessories includes cables, connectors, PSU, monitors etc.
     
  • The High Definition (HD) segment will grow at a CAGR of 8.4% during the forecast period. High definition (HD) CCTV security cameras satisfy the requirement for high resolution imaging, which is essential for surveillance purposes. Higher quality video footage is mainly used both for and evidence for preventative security surveillance purposes. High-definition camera captures 720p, 1080p HD camera images. Security camera with High Definition (HD) resolution provide better surveillance, clear video, and stronger protection to the business’s properties, corporate buildings, and homes.
     
  • Ultra-High Definition (UHD) segment will grow at a CAGR of 11.1% during the forecast period. UHD security camera captures 2160p camera images and almost offers four time better pixel quality than HD resolution security cameras. This improved clarity is essential in recognizing intricate features, accurately identifying faces, and capturing crucial details such as license plates. The growing preference towards UHD market is expected to drive the security camera market.
     
  • Megapixel cameras (3-12 MP) segment will grow at a CAGR of 10.4% during the forecast period. Megapixel security cameras capture images of more than one million pixels, hence driving the demand of the market. There are several types of megapixel cameras available in the market such as 2-megapixel IP cameras, 4-megapixel security cameras, 5-megapixel IP cameras, 6 megapixel CCTV cameras, and 8-megapixel security cameras.
     

Based on distribution channel, the security cameras market is bifurcated into online sales, and offline sales.
 

  • Online sales segment dominated the market, accounting for USD 7.4 billion in 2024 owing to shift in consumers buying behavior. As the customer is selecting third party online platforms or company’s websites to select and buy the security cameras, companies are also adapting online distribution channels.
     
  • In 2024, the offline sales segment accounted for USD 11 billion. Visiting companies’ showroom or store benefits the customer as they get guidance about the type of security camera they should buy according to their requirements. Also, for easy installation and smooth operations offline buying is preferred.
     

Based on end-user industry, the security cameras market is segmented into residential, commercial, industrial sector, and government & defense sector.
 

  • Residential segment dominated the market, accounting for USD 3.6 billion in 2024 owing to rising crime rates and increasing adaptation of smart home integration. Residents of the building are accessing security cameras with the app on their smart mobiles. This ease of monitoring and surveillance is driving the demand for this segment.
     
  • In 2024, the commercial market accounted for USD 4.7 billion. Office buildings, warehouses and retail space etc. can be included in commercial places, where security camera systems are used to enhance safety and protection of assets. These building security camera systems operate 24/7 hours. It provides security operators with improved situational awareness and takes preventive action accordingly. The footage captured by the security cameras is transferred to a central station for real-time monitoring. According to the study done by university of North Carolina, the adaptation of business security cameras can reduce 60% of burglaries. Owing to the above reasons this segment is growing and projected to grow in future also.
     
  • Industrial sector segment dominated the market, accounting for USD 1.9 billion in 2024. The industry sector is adopting security cameras for various purposes such as predicting maintenance and improving shop floor operations. Also, AI-powered security cameras are used for protection of employees and machines from work hazard and for asset tracking and inventory management.
     
  • In 2024, the government & defense sector segment accounted for USD 1.4 billion. Government buildings have crucial documents, which require protection. Therefore, every government building is suggested to have a security camera. Governments are enforcing mandates of having CCTV cameras at the building for instance, Ministry of electronics and information of technology (MeitY) of India, include CCTV cameras in the list of essential requirements for government buildings. Such government initiatives are driving the demand for this segment.
     
U.S. Security Cameras Market Size, 2021-2034 (USD Billion)

In 2024, North America accounted for the largest share of 27.3% of the global security cameras market. The large share of this market is attributed to government policies and the adaptation of smart homes.
 

  • In 2024, the U.S. market accounted for USD 3.6 billion. United States market is likely to be driven by the growing emphasis on the rising concern about the security. Government is taking initiative to improve safety of assets and people, and to maintain law and order, for example government of Washington, D.C, launched “Private Security Camera Incentive Program” through which it offers incentive to install the security cameras at residential building and businesses.
     
  • The Canada market is expected to reach USD 1.4 billion by 2034. The market for Canada security cameras is driven by governments funding to improve security of the country. For instance, “Security Infrastructure Program” launched by Canadian government, which is funding the governments to install the security cameras at the public places and enhance the safety.
     

In 2024, Europe accounted for a share of 20.1% of the global security cameras market. Factors supporting growth of security cameras in Europe are increased awareness of safety and government regulations.
 

  • The UK market is expected to reach USD 2.1 billion by 2034. The increasing adoption of smart home technologies is driving the growth of smart security cameras in the UK. For instance, according to statista, the smart security camera is expected to reach USD 1.4 billion by 2029 from USD 0.3 billion in 2018.  hence, the smart security cameras is driving the overall UK market.
     
  • The Germany market is expected to grow at a CAGR of 10.3% during the forecast period. The Germany market is bolstered by increasing installment of cameras in the public places. Berlin city of Germany is one of the most surveilled cities in Europe and it has 11.2 cameras per 1,000 resident.
     
  • France security cameras market is expected to grow at a CAGR of 8.9% from 2025 to 2034. In France, customers are increasingly seeking convenience, efficiency, and sustainability in their homes. The demand for smart home devices that offer energy savings, security features, and remote control and surveillance capabilities is rising. This preference for smart home products is driving the demand for security cameras.
     
  • Italy market is expected to reach USD 342.4 million by 2034. The market for security cameras in Italy is driven by increasing concerns about safety and security among individuals and businesses in Italy. Citizens are adopting advanced and sophisticated security solutions, including alarm systems, access control systems with the help of surveillance cameras.
     
  • Spain security cameras market is projected to reach USD 199.5 million by 2034. According to International Trade Administration, U.S. Department of Commerce, security equipment industry of Spain is estimated to be at approximately USD 2.7 billion, it is the fifth largest in Europe. Also, the demand for CCTV in home security systems is rising and is expected to increase by 14.9% from 2021 to 2028. It is forecasted to reach 1.8 million users by 2026. As a result, home security systems is expected to drive the market
     

In 2024, Asia Pacific accounted for a share of 43.4% of the global security cameras market. Increasing crime rate and traffic driving the driving the market growth in the region.
 

  • The China market is expected to grow at a CAGR of 9.4% during the forecast period. According to Forbes, China has over 700 million cameras installed across the nation. The government is increasingly installing security cameras for maintaining social stability and control in the country. This is driving the Chinese security camera market.
     
  • Japan is expected to account for a share of 19.5% of the market in Asia Pacific. In October 2017 Japan implemented Mimamori camera project, where the 900 security cameras called as Mimamori cameras were installed, surrounded on school roads. Additional 575 Mimamori Cameras were installed in the bicycle parking lots, parks and intersections of major roads. This project improves crime prevention awareness and protects the safety of the children. Such projects of local governments are driving the demand of the Japan security camera market.
     
  • South Korea security cameras market is expected to grow at a CAGR of 8.8% during the forecast period. The Metropolitan Government announced USD 350 million grant for local governments and city districts for the installation of intelligent surveillance cameras in mountain trails, parks, and walking trails. This step has been taken to ensure the safety of citizens, which is driving the South Korea market.
     
  • Security cameras market in India is expected to grow at a highest CAGR of 13.5% during the forecast period. According to Ministry of road transport & highways in August 2023, the ministry installed Advanced Traffic Management System (ATMS), which includes CCTVs and speed cameras on national highways. This act is enforced to detect speed violations & lane discipline on Indian national highways. These stringent government rules and regulations are driving the demand for Indian security camera market.
     
  • The security cameras market in ANZ is expected to grow at a CAGR of 7.4% during the forecast period. Australia and New Zealand Police, publishes the recommendations for installation of CCTV Systems, where the recordings from devices are used by police. These guidance are encouraging citizens to adapt the CCTV camera at their places, which will lead the demand for the ANZ security camera market.
     

In 2024, Latin America accounted for a share of 5.4% of the global security cameras market.
 

  • Brazil market is expected to grow at a CAGR of 8.2% during the forecast period. According to the latest report published by latest Security Industry Association’s (ABESE), in Brazilian market for electronic security equipment consists of more than 26,000 companies and the market has growth rate of 8% per year. This increasing entry for players is driving the growth of the market.
     
  • Mexico security cameras market is expected to grow at a CAGR of 10.4% during the forecast period. According to International Trade Administration, U.S. Department of Commerce, Mexican Safety and Security Products and Services Market, the production of security products is increased to USD 1.4 billion in 2023, from USD 1.2 billion in 2022. This shows the growth the Mexico security camera market.
     

In 2024, the Middle East and Africa accounted for a share of 3.8% of the global security cameras market.
 

  • In 2024, UAE accounted for 27.7% of the Middle East & Africa market. UAE police published guidelines, which suggests to adapt the home surveillance systems, which emphasized installation and maintenance of visual surveillance systems (CCTV cameras). This major initiative taken by government authority is driving the UAE security camera market.
     
  • Saudi Arabia security cameras market is expected to grow at a CAGR of 5.5% during the forecast period. Saudi Arabia security cameras is driven by government law of the use of security surveillance cameras, which is enforced in 2022, enforced the mandate of compulsory installation of security camera in public and private sectors.
     
  • South Africa market will reach USD 242.6 million by 2034. In February 2024, Gauteng Government announced a partnership with Vuma Cam to deploy 6000 additional CCTV cameras to improve crime-fighting efforts. Such initiatives of regional governments are driving the security camera market.  
     

Security Cameras Market Share

The market is competitive and highly fragmented with the presence of established global players as well as local players and startups. The top 5 companies in the global ambient light market are Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Axis Communications AB, Avigilon, Tiandy Technologies, Hanwha Techwin, Uniview Technologies Co., Ltd., collectively accounting for a share of 35%.
 

These companies are competing in the market by offering technologically advanced security cameras with high resolution, clarity and integrating with AI. For instance, In October 2024, Hikvision Digital Technology Co., Ltd., launched Network Cameras with feature ColorVu 3.0 feature, enhancing security with AI-powered night vision, AcuSense 3.0 for accurate motion detection, and Audio 2.0 for crystal-clear communication. Featuring AI WDR and motorized PTRZ adjustments, the camera delivers superior image quality, intelligent monitoring, and durable design, which ensures advanced surveillance for businesses and public safety.
 

Security camera manufacturers are collaborating with government agencies and commercial businesses to offer them customized and advanced security solutions to the customer. For instance, in November 2024, Avathon announced partnership with CP PLUS, which is India’s largest CCTV manufacturer. The partnership aims to integrate AI-powered computer vision into security cameras. This collaboration enhances public safety with real-time anomaly detection and intelligent monitoring, transforming cameras into proactive security tools for businesses and smart-city initiatives, ensuring safer workplaces, facilities, and communities across India.
 

Security Cameras Market Companies

Leading companies in the Wi-Fi chipset market comprise:

  • Hikvision Digital Technology Co., Ltd.
  • Dahua Technology Co., Ltd.
  • Axis Communications AB
  • Avigilon
  • Tiandy Technologies
  • Hanwha Techwin
  • Uniview Technologies Co., Ltd.
     

Dahua Technology Co., Ltd is collaborating with distributors to expand its business geographically. For instance, in December 2024, Dahua Technology announced partnership with Clear Digital as its new distributor in New Zealand to expand its security camera market. This collaboration aims to enhance access to Dahua’s advanced IP surveillance hardware and video management solutions, leveraging Clear Digital’s expertise in security distribution, technical support, and tailored services for installers and integrators across the region.
 

Axis Communications AB primarily competes in the market with their rapid product development strategy, keeping pace with the customer demands and evolving industry needs. For instance, in November 2022, Axis Communications announced launch of advanced network cameras at ISC East 2022, featuring the AXIS Q6225-LE PTZ camera with long-range IR, 31x optical zoom, and AI-powered analytics. The product is designed for extreme conditions, it offers robust security, sharp imaging, and intrusion detection, enhancing surveillance capabilities for businesses and public safety.
 

Avigilon offers security cameras with cutting-edge technology, which widens its product portfolio. This advanced technology is attracting customers and helps to increase the company’s market share in the company. Avigilon leverages AI to provide smarter and efficient monitoring. With deep learning capabilities, these security cameras can recognize and analyse patterns automatically which makes it easier to detect potential threats in real time. Some features of Avigilon’s security cameras due to which they are widely used are facial recognition, object detection, Unusual Motion Detection (UMD).
 

Security Cameras Industry News

  • In January 2024, Avigilon launched H6A and H6X security cameras with advanced privacy features, including dynamic masking for people and vehicles. Available in dome and bullet models (2MP-8MP), they offer IR illumination, weather resistance (IP66/67), and impact protection (IK10). The bullet camera ensures long-range clarity, ideal for license plate recognition and large-site monitoring.
     
  • In January 2024, CP PLUS launched Solar-Powered AI-enabled 4G Cameras, featuring a 4MP PT camera, 4G LTE support, 18,000mAh battery, motion tracking, and human detection. Designed for remote locations, they offer stand-alone, eco-friendly security with solar power and AI integration, reinforcing CP PLUS’s leadership in advanced surveillance technology.
     
  • In July 2023, Philips launched its first smart home security camera range in India, featuring AI-powered motion, noise, and people detection. The HSP 1000, HSP 3500, and HSP 3800 offer 24/7 control, biometric security, and encrypted storage, ensuring reliable surveillance.
     

This security cameras market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) & (Volume Unit) from 2021 to 2034, for the following segments:

Market, By Form Factor

  • Dome Cameras
  • Bullet Cameras
  • PTZ (Pan, Tilt, Zoom) cameras
  • Turret cameras
  • Fisheye cameras
  • Specialty Cameras
    • Day/?night cameras
    • Infrared or night vision cameras
    • Thermal imaging cameras
    • Varifocal cameras
    • ANPR and LPR cameras
  • Others

Market, By Connectivity

  • Wired
  • Wireless
  • IP or network CCTV cameras 

Market, By Environment

  • Outdoor
    • Commercial building perimeters
    • Parking lots
    • Access roads
    • Industrial sites
    • Transportation hubs
    • Others
  • Indoor

Market, By Resolution

  • Standard Definition (SD)
  • High Definition (HD)
  • Ultra-High Definition (UHD)
  • Megapixel Cameras (3-12 MP)

Market, By Distribution Channel

  • Online sales
  • Offline sales

Market, By End Use Industry

  • Residential
  • Commercial
  • Industrial sector
  • Government & Defense sector

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Suraj Gujar, Rutvij Kshirsagar
Frequently Asked Question(FAQ) :
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North America held the largest share of the global security cameras industry in 2024, accounting for 27.3%.
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Security Cameras Market Scope
  • Security Cameras Market Size
  • Security Cameras Market Trends
  • Security Cameras Market Analysis
  • Security Cameras Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 24

    Tables & Figures: 840

    Countries covered: 22

    Pages: 190

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