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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
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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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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.
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
Security Cameras Market Analysis
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.
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.
Based on connectivity, the security cameras market is segmented into wired, wireless, and IP or network CCTV camera.
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.
Based on distribution channel, the security cameras market is bifurcated into online sales, and offline sales.
Based on end-user industry, the security cameras market is segmented into residential, commercial, industrial sector, and government & defense sector.
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, 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.
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.
In 2024, Latin America accounted for a share of 5.4% of the global security cameras market.
In 2024, the Middle East and Africa accounted for a share of 3.8% of the global security cameras 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:
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
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:
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Market, By Form Factor
Market, By Connectivity
Market, By Environment
Market, By Resolution
Market, By Distribution Channel
Market, By End Use Industry
The above information is provided for the following regions and countries: