Global Surveillance Camera Market to Accrue Notable Gains Over 2021-2026

June 08, 2021

According to the research literature titled ‘Global Surveillance Camera Market: Analysis By Product Type, End User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report LLC, global surveillance camera market was valued USD 26.41 billion in 2020 and is expected to register a healthy growth rate through 2026.

Increasing concerns regarding safety and security among the general public, private & public organizations, and governments are stimulating global surveillance camera market growth. Further, heightened investments in small and medium scale industries are adding considerable traction to the overall business development, claims the study.

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For the uninitiated, a surveillance camera is device that can capture images and videos, which can then be compressed, stored, or shared over communication networks. These cameras are witnessing an increased adoption particularly among governments, financial institutions, enterprise, and healthcare organizations as these establishments are required to have a certain level of security and monitoring measures in place.

Elaborating on the impact of Covid-19, global surveillance camera industry is set to register a boom in demand post the pandemic as various leading manufacturers have started production of security cameras for different industries like BFSI, construction, and manufacturing.

Based on product type, global surveillance camera market is split into dome camera, box style cameras, bullet cameras, and others. Among these, dome cameras are likely to witness an increased demand in the upcoming years. Although this camera can be utilized both indoors and outdoors, it is widely utilized indoors by many businesses including retail stores, hotels, and restaurants.

With respect to the end-users spectrum, the industry is fragmented into government & defense, BFSI, commercial, healthcare, manufacturing & construction, residential, and others. Of these, BFSI segment is slated to grow considerably as the sector demands the use of a modern video monitoring solutions that can operate day and night while allowing transmission of footage from multiple sites to a central monitoring room or the cloud.

Government & defense segment will continue to showcase strong growth trends over the forecast duration as the concerned authorities actively utilize surveillance systems to secure borders and entry points such as airports and seaports.  Moreover, camera systems are utilized for critical cases like monitor military assists and military installations, prevention & investigation of a crime, and protection of a process, group, person, or object.

Elaborating on the competitive landscape, key players in global surveillance camera market space are CP Plus International, Pelco Inc., Robert Bosch GmbH, Axis Communications AB, Panasonic Corp., Teledyne FLIR LLC, Canon Inc., Ambarella Inc., Zhejiang Dahua Technology Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd.

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