Research Nester has recently announced new market demand assessment research titled “Video Surveillance Camera Market – Global Demand Analysis & Opportunity Outlook 2023”. The market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing & new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
On the back of reason like, increased crime rates, urbanization and long hours out of home, the global security camera market is anticipated to rise to USD 2.8billion in the year 2021, with compound annual growth rate CAGR of 9.2%. During 2015-2021, IP security cameras is expected to showcase a steep rise due to surge in the installation of IP cameras enabled with HD video.
Gaining on the back of reasons like replacement demand, increased security concerns in the cities during night, the North America security camera market is projected to reach at USD 6 billion in the year 2021, with CAGR of 7.9%.
Following the same trend, Latin America and Mexico are the major regions or markets for the security camera market. Mexico security cameras market is projected to value at USD 460 million in coming three years. Further, Asia-Pacific accounted for 66% of installed security camera in the year 2015 and the region is further forecasted to post 69% of installed security cameras by 2021.
Increasing penetration of security cameras in the various sectors such as education, healthcare and commercial workplace are the main drivers for the global security camera market.
In addition to that, increase in terror activities in most of the European cities and criminal activities are promoting the demand of security cameras thus encouraging the growth of global security cameras market in the forecasted years.
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Demand By Camera Resolution Type
- Panasonic Corporation
- Samsung Techwin
- Arecont Vision Llc
- Honeywell International Inc.
- Bosch Security Systems
- Canon Inc.
Demand in Countries Studied:
- North America (United States / U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia, Poland, Rest of Eastern Europe)
- Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
- Rest of World
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