Security Cameras Market Highlights

The global security cameras market was valued at USD 4.87 billion in 2017 and is expected to reach USD 9.72 million by the end of the forecast period (2019–2024) at a CAGR of 11%.

Security cameras have become an integral part of smart homes and are equipped with added features such as wireless signal transition, ultra-high resolution, and thermal imaging among others. Security cameras provide real-time security, convenience, and control to the users. A security camera system may broadly include video cameras, sensors, actuators, servers, and terminals. Increasing adoption of applications of the Internet of Things is boosting the growth of the security camera market. IP security cameras are primarily connected to an IP network using an Ethernet connection. Indoor security cameras are primarily designed to sit on a shelf, making them ideal for renters who are unable to drill holes in the walls. The security camera industry continues to push the limits of resolutions and owing to this, the use of a digital security camera continues to increase while the demand for analog continues to decline.

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Key Players

The key players in the security cameras market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Hangzhou Hikvision Digital Technology Co. Ltd (China), Motorola Solutions, Inc. (Motorola Home), Swann Communications Pty. Ltd (US), Shenzhen Leshi Video Tech. Co., Ltd (China), Arlo Technologies Inc. (US), ADT Inc. (US), FrontPoint Security Solutions, LLC (US), Vivint, Inc. (US), SimpliSafe, Inc. (US), and Panasonic Corporation (Japan). These players contribute significantly to market growth.

Apart from the top key players, the other players contributing nearly 40–45% in the security cameras market are Ring LLC (US), Reolink Digital Technology Co., Ltd (China), Godrej Security Solutions (Godrej & Boyce Mfg. Co. Ltd) (India), Nest Labs, Inc. (US), B & H Foto & Electronics Corp (US), Immedia Semiconductor, Inc. (US), Wyze Labs, Inc. (US), Amcrest (US), Comcast Corporation (Xfinity) (US), CPI Security Systems, Inc. (US), Xiaomi Corporation (China), Canary Connect, Inc. (US), Logitech International S.A (Switzerland), Zmodo Technology Corporation Ltd (China), Sony Corporation (Japan), Samsung Communications (South Korea), and Toshiba America Information Systems, Inc. (US).

Key Developments

October 2017, Hikvision partnered with CCTV design software supplier, JVSG. Hikvision aims to use JVSG’s IP Video System Design Tool, with any of Hikvision’s 2 Series EasyIP cameras—4 Series and 6 Series smart network cameras. This integration is expected to include video surveillance system planning, design, and efficiency analysis.

April 2018, Avigilon Corporation, a Motorola Solutions company, announced its new H4 Video Intercom secured entry system. The H4 Video Intercom is ideal for applications in retail stores, offices, hotels, and educational facilities.

February 2018, NETGEAR announced the separation of its Arlo business from NETGEAR. This separation is expected to be in effect by an initial public offering (IPO) of newly issued shares of the common stock of Arlo Technologies, Inc. (Arlo) by the second half of 2018.

Segmentation

The global security cameras market has been segmented based on type, application, resolution, professional service, end-user, and region.

By type, the security cameras market has been segmented into infrared (IR) bullet camera, dome security camera, point tilt & zoom (PTZ) camera, box security camera, wireless/IP camera, and other cameras.

By application, the security cameras market has been segmented into indoor security cameras and outdoor security cameras.

By resolution, the security cameras market has been segmented into high definition (HD) & full HD, and non-HD.

By professional service, the security cameras market has been segmented into consulting service, installation and deployment service, maintenance and support service.

By end-user, the security cameras market has been segmented into residential/home, commercial/public space, industrial/manufacturing facilities, and others.

By region, the security cameras market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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Regional Analysis

The market for security camera is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of foldable display market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America dominates the security camera market; this growth can be attributed to the presence of key electronic component manufacturers for the production of security surveillance cameras. These components include AC/DC controllers, SDRAM, the processor (SoC), media ports, sensors, and actuators. Some of the prominent players manufacture these components in-house, while others procure these components from third-party suppliers. Manufactures from China significantly contribute to the production in the Asia-Pacific. Apart from China, other prominent countries involved in the production are the US, Japan, Germany, India, and South Korea. Another major factor for the growth of security camera market in the US is the strong distribution network. In security cameras distribution and sale, the channel consists of intermediaries, direct selling, and others. This market focuses only on the end user related to the commercial and public spaces, industries, enterprises, homes, and apartments.

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