CCTV market size to grow by USD 12,643.33 million from 2022 to 2027, APAC to account for 47% of market growth - Technavio

NEW YORK, April 19, 2023 /PRNewswire/ -- The "Closed Circuit Television (CCTV) Market by Product, Application, and Geography - Forecast and Analysis 2023-2027" report has been added to Technavio's offerings. The CCTV market size is estimated to grow by USD 12,643.33 million during 2022-2027 at a CAGR of 11.92%. APAC will account for 47% of the market growth during the forecast period. The rising investments in infrastructure for airports, shopping malls, and retail stores are increasing the demand for CCTV cameras in the region. Rapid urbanization and a growing emphasis on smart city initiatives will drive market growth in APAC. Moreover, vendors in the market are entering into strategic alliances with other market players, such as technology providers and chip makers, to create cutting-edge products. These factors will drive market growth during the forecast period. For comprehensive details on the market size of the historic period (2017 to 2021) and forecast period (2023-2027) - View the sample PDF report.

Vendor Landscape
The CCTV market is fragmented, and vendors compete on the basis of numerous factors such as price, differentiation in quality, regulatory compliance, innovation, service, technology, and R&D. The rising security initiatives by governments, such as face recognition technology and IP-based CCTV cameras that can support innovative technology, will help vendors survive in the market and build an edge over their competitors. Therefore, to survive and succeed in this competitive environment, vendors should distinguish their products and service offerings through clear and unique value propositions. 

Market dynamics

Major drivers & challenges – 

The increasing government security initiatives are driving market growth. Due to an increase in criminal activity, including theft, fraud, and illegal possession of firearms, governments are tightening security measures. They have launched initiatives for the installation of CCTV cameras in various cities. For instance, in 2021, the Metropolitan Transportation Authority installed CCTV security cameras in 472 subway stations in New York City. Hence, the increase in criminal activities such as thefts, fraud, and illegal possession of firearms will help improve security measures, which, in turn, is expected to boost the CCTV market during the forecast period.

Cyber security risks are challenging market growth. Businesses can face major losses due to malware attacks such as ransomware, spyware, rootkits, trojans, worms, and viruses. Hence, they must secure their systems to prevent cyberattacks. IP-based and wireless CCTV cameras are being increasingly targeted by cybercriminals. Hence, cyberattacks on internet-connected CCTV cameras are expected to hinder the CCTV market growth during the forecast period.

Key trends –

The incorporation of video analytics in IP-based CCTV cameras is a key trend in the market. Video analytics is used for locating and examining data that has been recorded in the form of video. CCTV cameras can be used in various locations, including government buildings, prisons, border patrol, ships, and traffic monitoring. IP-based CCTV cameras can digitally record and analyze information regarding crimes such as theft. Hence, such factors are expected to fuel the growth of the global closed circuit television market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will
help clients improve their strategies for better growth prospects. - View sample report

Company Profiles

The CCTV market report includes information on the product launches, sustainability, and prospects of leading vendors, including ADT INC., Axis Communications AB, Cisco Systems Inc., CP PLUS International, DW, GeoVision Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin, Honeywell International Inc., IDIS Ltd., Lenovo Group Ltd., LG Corp., MOBOTIX AG, Robert Bosch GmbH, Sony Group Corp., Teledyne FLIR LLC, UNIX CCTV Corp., Zhejiang Dahua Technology Co. Ltd., Zhejiang Uniview Technologies Co. Ltd., and Panasonic Holdings Corp.

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Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.

 Market Segmentation

• By product, the market is classified into dome camera, PTX camera, bullet camera, and BOX camera).
• By application, the market is classified into public, commercial, and residential)
• By geography, the market is classified into APAC, North America, Europe, Middle East and Africa, and South America.

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global CCTV market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global CCTV market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Dome camera - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Dome camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Dome camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Dome camera - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Dome camera - Year-over-year growth 2022-2027 (%)

• 6.4 PTZ camera - Market size and forecast 2022-2027 
• Exhibit 38: Chart on PTZ camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on PTZ camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on PTZ camera - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on PTZ camera - Year-over-year growth 2022-2027 (%)

• 6.5 Bullet camera - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Bullet camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Bullet camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Bullet camera - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Bullet camera - Year-over-year growth 2022-2027 (%)

• 6.6 Box camera - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Box camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Box camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Box camera - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Box camera - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)
• Exhibit 51: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 52: Chart on Application - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 54: Chart on Comparison by Application
• Exhibit 55: Data Table on Comparison by Application

• 7.3 Public - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Public - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Public - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Public - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Public - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.5 Residential - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 68: Market opportunity by Application ($ million)
• Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Axis Communications AB 
• Exhibit 123: Axis Communications AB - Overview
• Exhibit 124: Axis Communications AB - Product / Service
• Exhibit 125: Axis Communications AB - Key news
• Exhibit 126: Axis Communications AB - Key offerings

• 12.4 CP PLUS International
• Exhibit 127: CP PLUS International - Overview
• Exhibit 128: CP PLUS International - Product / Service
• Exhibit 129: CP PLUS International - Key offerings

• 12.5 GeoVision Inc.
• Exhibit 130: GeoVision Inc. - Overview
• Exhibit 131: GeoVision Inc. - Product / Service
• Exhibit 132: GeoVision Inc. - Key offerings

• 12.6 Hangzhou Hikvision Digital Technology Co. Ltd. 
• Exhibit 133: Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
• Exhibit 134: Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
• Exhibit 135: Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings

• 12.7 Hanwha Techwin
• Exhibit 136: Hanwha Techwin - Overview
• Exhibit 137: Hanwha Techwin - Product / Service
• Exhibit 138: Hanwha Techwin - Key offerings

• 12.8 Honeywell International Inc. 
• Exhibit 139: Honeywell International Inc. - Overview
• Exhibit 140: Honeywell International Inc. - Business segments
• Exhibit 141: Honeywell International Inc. - Key news
• Exhibit 142: Honeywell International Inc. - Key offerings
• Exhibit 143: Honeywell International Inc. - Segment focus

• 12.9 IDIS Ltd.
• Exhibit 144: IDIS Ltd. - Overview
• Exhibit 145: IDIS Ltd. - Product / Service
• Exhibit 146: IDIS Ltd. - Key offerings

• 12.10 Lenovo Group Ltd.
• Exhibit 147: Lenovo Group Ltd. - Overview
• Exhibit 148: Lenovo Group Ltd. - Business segments
• Exhibit 149: Lenovo Group Ltd. - Key offerings
• Exhibit 150: Lenovo Group Ltd. - Segment focus

• 12.11 LG Corp.
• Exhibit 151: LG Corp. - Overview
• Exhibit 152: LG Corp. - Business segments
• Exhibit 153: LG Corp. - Key offerings
• Exhibit 154: LG Corp. - Segment focus

• 12.12 MOBOTIX AG
• Exhibit 155: MOBOTIX AG - Overview
• Exhibit 156: MOBOTIX AG - Product / Service
• Exhibit 157: MOBOTIX AG - Key offerings

• 12.13 Panasonic Holdings Corp. 
• Exhibit 158: Panasonic Holdings Corp. - Overview
• Exhibit 159: Panasonic Holdings Corp. - Business segments
• Exhibit 160: Panasonic Holdings Corp. - Key news
• Exhibit 161: Panasonic Holdings Corp. - Key offerings
• Exhibit 162: Panasonic Holdings Corp. - Segment focus

• 12.14 Robert Bosch GmbH
• Exhibit 163: Robert Bosch GmbH - Overview
• Exhibit 164: Robert Bosch GmbH - Business segments
• Exhibit 165: Robert Bosch GmbH - Key news
• Exhibit 166: Robert Bosch GmbH - Key offerings
• Exhibit 167: Robert Bosch GmbH - Segment focus

• 12.15 Sony Group Corp.
• Exhibit 168: Sony Group Corp. - Overview
• Exhibit 169: Sony Group Corp. - Business segments
• Exhibit 170: Sony Group Corp. - Key news
• Exhibit 171: Sony Group Corp. - Key offerings
• Exhibit 172: Sony Group Corp. - Segment focus

• 12.16 Teledyne FLIR LLC
• Exhibit 173: Teledyne FLIR LLC - Overview
• Exhibit 174: Teledyne FLIR LLC - Business segments
• Exhibit 175: Teledyne FLIR LLC - Key offerings
• Exhibit 176: Teledyne FLIR LLC - Segment focus

• 12.17 Zhejiang Dahua Technology Co. Ltd. 
• Exhibit 177: Zhejiang Dahua Technology Co. Ltd. - Overview
• Exhibit 178: Zhejiang Dahua Technology Co. Ltd. - Product / Service
• Exhibit 179: Zhejiang Dahua Technology Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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