Published by mark itwired
Posted on October 8, 2021
4 min readLast updated: January 30, 2026
The CCTV camera market is expected to surpass $16 billion by 2029, driven by increased demand for security solutions in critical infrastructure.
Critical infrastructure security is of utmost importance, as these facilities continuously face physical intrusions, thefts, terrorism threats, and trespassing issues. Many governments across the world are ramping up their security measures to protect critical infrastructure such as oil & gas refineries, power plants, smart grids, and water utilities from perimeter intrusion attacks. Hence CCTV-based video surveillance systems are in great demand to protect critical assets within these infrastructures. Solutions such as IP CCTV cameras, thermal imaging cameras, and AI-enabled video analytical solutions are increasingly being adopted to ensure robust video surveillance, and thus, contributing to market growth. The global CCTV camera market is anticipated to exhibit a CAGR of 6% during the forecast period of 2019-2029.
As global economies are currently facing a critical crisis situation due to the COVID-19 pandemic outbreak, this, in turn, is impacting the supply chain and logistic operations of various video surveillance system manufacturers. Over the past 5 years, the market for CCTV cameras has grown by almost 6%, globally. In 2019, total value of the global CCTV camera market is estimated to be nearly US$ 9 Bn. However, due to the coronavirus outbreak, the need for video surveillance has grown further in Q1, 2020, which would continue in Q2, 2020, as the demand for public video surveillance would grow significantly for security monitoring amidst lockdowns.
“The video surveillance industry is currently seeing innovation in CCTV cameras with AI-enabled capabilities and advanced thermal imaging techniques. These enhanced video monitoring cameras are poised to substantially impact the video surveillance industry in the near term. Moreover, amid the novel coronavirus pandemic, AI technologies bring superior face recognition, object recognition, and event recognition capabilities that can help detect suspected patients of COVID-19.”
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Smart CCTV surveillance systems are able to detect, recognize, analyse, and track people, vehicles, and objects, alike. Video analytics software built into CCTV face recognition technology also monitors seamlessly in real time, and adds significant benefits in live-monitored and incident review operations. Video analytics allows improved operational performance and increased security monitoring to detect unauthorized physical intrusions across perimeters.
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Future Market Insights offers an unbiased analysis of the global CCTV camera market, providing historical data of 2014-2018 and forecast statistics for 2019-2029. To understand the opportunities in the CCTV camera market, the market is segmented on the basis of model type, technology, camera sensor type, and application, across eight major regions.
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
The post CCTV Camera Market will Reach a Valuation of over US$ 16 Bn towards 2029-end: FMI appeared first on Industry News Analsis.
The article discusses the growth and future projections of the global CCTV camera market.
Increased demand for security in critical infrastructure and advancements in AI-enabled CCTV technologies.
The pandemic has increased demand for video surveillance, particularly for public security monitoring.
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