What is the global market size of Camera Systems Market?

Camera Systems Market size was valued at USD 27 billion in 2021 and is poised to grow from USD 28.78 billion in 2022 to USD 45.02 billion by 2030, at a CAGR of 6.6% during the forecast period (2023-2030).

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

Q: Who are the key vendors in the Global Camera Systems Market?

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. '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)'.

Report ID: SQMIG25E2075 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 64 | Figures: 76

Camera Systems Market News

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 Market Report Snapshots

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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 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 presence and sells its products through a network of authorized dealers and distributors. '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)'

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.

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.

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.

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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

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