USD 28.78 billion
Camera Systems Market Size, Share, Growth Analysis, By Type(Analog Camera, IP Camera, Digital Camera), By Application(Residential, Commercial, Industrial, Institutional), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2075 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
64
|Figures:
76
Camera Systems Market Insights
Global Camera Systems Market size was valued at USD 28.78 billion in 2022 and is poised to grow from USD 30.68 billion in 2023 to USD 51.16 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
The global camera system market is a rapidly growing industry that includes the production and sale of various types of cameras used for different applications. Camera systems are used in a wide range of industries, including security and surveillance, automotive, healthcare, and consumer electronics. These cameras can capture still images, videos, and thermal images using various technologies like digital, analogue, infrared, and thermal imaging. The purpose of the global camera system market is to provide high-quality and reliable cameras to various industries that require image and video capture for different applications. The market aims to offer a wide range of camera systems to suit different applications and requirements, from simple surveillance cameras to advanced industrial cameras used in automation and robotics. El Salvador (South America), according to statistics released by the UN Office on Drugs and Crime, had a homicide rate of 61.8% in 2021. In South Africa, there are 35.9% homicides. Growing worries about public safety and security have been caused by this. Government concentration on the deployment of smart camera systems primarily for criminal surveillance is driving up demand for them at an exponential rate. Manufacturers in the camera system market are at a competitive advantage thanks to growing government initiatives to create smart cities and a greater focus on using big data and IoT.
US Camera Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
IP Camera System
Fastest Growth
IP Camera System
Growth Rate
6.6% CAGR
Global Camera Systems Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Camera Systems Market Segmental Analysis
Global Camera Systems Market is segmented on the basis of type, application and region. By type, the market is segmented into analog camera, ip camera, digital camera. By application, the market is segmented into residential, commercial, industrial and institutional. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Camera Systems Market Analysis by Type
The CAGR for the IP camera segment is expected to be around 8.2% in 2021. These cameras use Internet Protocol (IP) to transmit data over a network. They are widely used in surveillance and security applications due to their ability to provide remote access and control.
The CAGR for digital cameras is expected to be around 7.5% in 2021. These cameras use digital technology to capture and store images and videos. They are the fastest-growing segment due to their increasing adoption in various industries, including healthcare, automotive, and security.
Global Camera Systems Market Analysis by Application
The CAGR for the commercial segment is expected to be around 8.3% in 2021, making it the dominant segment. The commercial application segment includes cameras used in various commercial settings, such as retail, hospitality, and transportation. The increasing demand for security and surveillance in these industries is driving the growth of the commercial application segment.
The CAGR for the residential segment is expected to be around 7.9% in 2021. The residential application segment includes cameras used in homes and apartments for security and surveillance purposes. The increasing adoption of smart home devices is driving the growth of this segment.
Global Camera Systems Market Size By Type 2022(%)
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Camera Systems Market Regional Insights
The CAGR for the Asia-Pacific camera system market is estimated to be around 11%. Asia-Pacific is a rapidly growing market for camera systems, driven by the increasing demand for security and surveillance systems, consumer electronics, and automotive applications. The dominant segment in this region is digital cameras, used in the consumer electronics industry. The fastest-growing segment in this region is thermal imaging cameras, driven by the increasing adoption of automation and robotics in industries like manufacturing, logistics, and healthcare.
The CAGR for the European camera system market is estimated to be around 9%. Europe is a significant market for camera systems, driven by the increasing adoption of automation and robotics in various industries. The dominant segment in this region is thermal imaging cameras, used in industrial automation and automotive applications.
Global Camera Systems Market Size By Geography, 2022-2030
- Largest
- Fastest
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Camera Systems Market Dynamics
Global Camera Systems Market Drivers
Increasing demand for Security to Bring New Revenue Growth Options
- The camera system market is constantly evolving with the introduction of new technologies like 4K, 8K, and 360-degree cameras, which offer better image quality and resolution. The development of advanced imaging technologies like thermal imaging and infrared imaging is also driving the growth of the market.
- The demand for security and surveillance systems has been increasing due to rising crime rates and the need for public safety. Camera systems are widely used in security and surveillance applications, and the growing demand for these systems is driving the growth of the market.
Global Camera Systems Market Restraints
Regulatory and Legal Barriers might Hinder Market Growth
- There are various regulatory and legal barriers that could impact the growth of the camera system market. For example, there are restrictions on the use of cameras in certain public places, and there are regulations around the collection and use of personal data. These barriers could limit the adoption of camera systems in certain regions or industries.
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Camera Systems Market Competitive Landscape
The global camera system market is highly competitive, with a large number of companies operating in the space. These companies compete on factors such as product quality, innovation, price, and customer service. Sony has a global presence and sells its products through a network of authorized dealers and distributors.
Top Player’s Company Profiles in Global Camera Systems Market
- Axis Communications AB (Sweden)
- Bosch Security Systems Inc. (Germany)
- Canon Inc. (Japan)
- Cisco Systems Inc. (USA)
- Dahua Technology Co., Ltd. (China)
- FLIR Systems Inc. (USA)
- Hanwha Techwin Co., Ltd. (South Korea)
- Hikvision Digital Technology Co., Ltd. (China)
- Honeywell International Inc. (USA)
- Johnson Controls International Plc (Ireland)
- Panasonic Corporation (Japan)
- Pelco Inc. (USA)
- Samsung Techwin Co., Ltd. (South Korea)
- Schneider Electric SE (France)
- Siemens AG (Germany)
- Sony Corporation (Japan)
- Tyco International Ltd. (Ireland)
- Vicon Industries Inc. (USA)
- FLIR Systems AB (Sweden)
- Avigilon Corporation (Canada)
- Zhejiang Uniview Technologies Co., Ltd. (China)
Global Camera Systems Market Recent Developments
- In June 2022, Axis Communications (Sweden) unveiled the next generation of AXIS M11 Box Cameras, offering great image quality even in low light conditions. The indoor models, AXIS M1135 Mk II and AXIS M1137 Mk II, had 2 MP and 5 MP resolution, respectively. The IP66-, IK10-, and NEMA 4X-rated casings of the two outdoor-ready models, AXIS M1135-E Mk II and AXIS M1137-E Mk II, provided protection from moisture, corrosion, dust.
- In February 2022, Hikvision (China) introduced their new TandemVu PTZ camera line, fusing the features of a PTZ and a bullet camera into a single device. TandemVu PTZ cameras may keep an eye on broad areas and zero in on particular security incidents while simultaneously looking on both "viewpoints." The deployment of separate PTZ and bullet cameras in pairs would no longer be necessary thanks to these cameras.
- In February 2022, the new MIC IP Fusion 9000i 9-mm cameras from Bosch Security and Safety Systems (Germany) were introduced, offering the highest level of situational awareness for perimeter detection applications. Its wider thermal field of view reduced prepositions, enabling it to quickly provide 360° coverage.
Camera Systems Key Market Trends
- Cloud-based camera systems offer several advantages over traditional on-premise camera systems, including greater scalability, flexibility, and accessibility. Cloud-based camera systems are also easier to integrate with other cloud-based services and applications, driving their adoption across various industries.
Camera Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global camera system market is expected to experience significant growth in the coming years, driven by factors such as increasing demand for surveillance systems, technological advancements, and the growing need for public safety and security. North America and Asia-Pacific are expected to be the dominant regions in the global camera system market, with North America being driven by increasing demand for surveillance systems in public safety and security, and Asia-Pacific being driven by the growing need for advanced security systems in various sectors. Companies compete on factors such as product quality, innovation, price, and customer service. The market also faces challenges such as privacy concerns, high initial costs of installation, and the availability of low-cost alternatives. These challenges may hinder the growth of the market to some extent. The global camera system market is expected to experience significant growth in the coming years, driven by increasing demand for surveillance systems and advancements in technology.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 28.78 billion |
| Market size value in 2031 | USD 51.16 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Camera Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Camera Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Camera Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Camera Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Camera Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Camera Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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