Press release
Leading Companies Fueling Growth and Innovation in the CCTV Market
CCTV Market
CCTV Market Size Expected to Reach New Heights by 2030
The global CCTV market is set to witness swift growth, reaching a valuation of $37.02 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 13.2% during the forecast period. The surge is primarily driven by increased adoption of advanced IP-based surveillance systems, a growing need for remote monitoring capabilities, the expansion of smart city initiatives, wider industrial safety applications, and continuous improvements in high-resolution CCTV technologies. Key trends influencing this trajectory include the integration of AI-powered video analytics, IoT-enabled smart surveillance networks, development of cybersecure platforms, automated incident detection systems, and the use of robotics in monitoring.
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Leading Companies Making an Impact in the CCTV Industry
Several prominent organizations dominate the CCTV sector, including Hangzhou Hikvision Digital Technology Co. Ltd., Bosch Security and Safety Systems Inc., Honeywell Commercial Security, Panasonic i-PRO Sensing Solutions, Dahua Technologies Co. Ltd., Samsung Electronics Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Avigilon, Motorola Solutions Inc., Huawei Technologies Co. Ltd., Sony Corporation, Cisco Systems Inc., Axis Communications AB, CP Plus, Hanwha Vision, Pelco Inc., Vivotek Inc., FLIR Systems Inc., Canon Inc., Tiandy Technologies Co. Ltd., Dallmeier electronic GmbH & Co. KG, Genetec Inc., IDIS Co. Ltd., Mobotix AG, Arecont Vision Costar LLC, Lorex Technology Inc., Vicon Industries Inc., March Networks Corporation, Raytec Ltd., and Merit LILIN Ent. Co. Ltd.
In a strategic move in February 2024, Motorola Solutions, a US-based provider of critical communication and security technologies, acquired the UK-based CCTV manufacturer Silent Sentinel. This acquisition aims to enhance Motorola's video security portfolio by incorporating Silent Sentinel's specialized long-range and rugged thermal camera technologies. These advancements are intended to improve monitoring and detection for sectors including government, military, aviation, maritime, and critical infrastructure.
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Technology and Innovation Trends Shaping the CCTV Market
Leading CCTV companies are increasingly focusing on introducing AI-enabled surveillance cameras to maintain competitive advantages. These AI-powered cameras incorporate advanced analytics such as human detection, facial recognition, object tracking, and crowd monitoring. For example, in February 2023, South Korea-based security firm Idis launched a new lineup of edge AI surveillance cameras, including 5MP dome and bullet models (DC-D4537RXA, DC-D4537HRXA, and DC-T4537HRXA). Equipped with the powerful Idis Deep Learning Engine, these cameras deliver enhanced edge processing capabilities, improving image clarity and enabling operators to detect faces, vehicles, and people more efficiently. The AI features include line-crossing detection, intrusion and object recognition, loitering alerts, and face detection.
Further enhancing their functionality, these models support PoE (Power over Ethernet), H.265 video compression, the Idis Intelligent Codec, genuine wide dynamic range (WDR), and Idis Smart Failover technology. Users benefit from faster investigations, flexible VMS options between the free Idis Center and the enterprise-grade Idis Solution Suite, and a 3-axis mechanical design for easy plug-and-play installation. This combination of features fulfills Idis's commitment to providing a low total cost of ownership.
Detailed Segment Breakdown of the CCTV Market
This report segments the CCTV market into several key categories:
1) Component: Hardware, Software, and Services
2) Technology: CMOS Technology and CCD Technology
3) Camera Type: Analog Cameras and Internal Protocol (IP) Cameras
4) Distribution Channel: Online and Offline Channels
5) End User: Educational Centers, Hospitals, Hotels, Real Estate, Religious Places, Government, Retail, IT Sector, and Transport Sector
Additional sub-segments within these categories include:
- Hardware components such as Cameras, Video Recorders, Monitors and Displays, Cables and Connectors, and Storage Devices
- Software offerings including Video Management Software, Analytics Software, Remote Monitoring Software, and Integration Software
- Services covering Installation, Maintenance and Support, Consulting, and Training and Education
This comprehensive segmentation provides a clear overview of the varied facets and applications within the CCTV industry, supporting targeted strategies for market growth.
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