Press release
Competitive Landscape: Leading Companies and New Entrants in the Surveillance Camera Market
Surveillance Camera Market
Projected Size of the Surveillance Camera Market by 2030
The surveillance camera market is forecasted to reach a value of $67.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.2%. This steady rise is largely fueled by heightened investment in smart city infrastructure, growing need for real-time threat identification, wider adoption of AI-powered security technologies, rising emphasis on privacy-respecting surveillance solutions, and increasing use of edge-based video processing systems. Important trends expected to influence the market include greater use of AI-driven video analytics, expanded deployment of cloud-enabled surveillance networks, demand for ultra-high-resolution imaging, extension of smart city monitoring projects, and stronger focus on cybersecurity within camera networks.
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Key Players Emerging in the Surveillance Camera Industry
The surveillance camera landscape is shaped by several significant companies including Sony Corporation, Panasonic Corporation, Cisco Systems Inc., Honeywell International Inc., Canon Inc., Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Hanwha Techwin Co. Ltd., FLIR Systems Inc., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., Zhejiang Uniview Technologies Co. Ltd., VIVOTEK Inc., Genetec Inc., Pelco Incorporated, Tiandy Technologies Co. Ltd., ACTi Corporation, Bosch Security Systems GmbH, Mobotix AG, March Networks Corporation, Infinova Corporation, AV Costar LLC, IndigoVision Group plc, Swann Communications Pty Ltd., CP PLUS GmbH & Co. KG, and Lorex Technology Inc.
Expanding Global Reach Through Strategic Acquisitions
In March 2023, IDIS, a security technology firm based in South Korea, completed the acquisition of Costar Technologies Inc. for $23.2 million. This strategic move is expected to bolster IDIS's footprint within government sectors and intelligent transportation systems while enhancing its global market presence. Costar Technologies, headquartered in the United States, specializes in designing, manufacturing, and marketing a wide array of security products, including surveillance cameras, lenses, and digital video recorders.
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Driving Innovation with Advanced Edge AI Surveillance Cameras
Leading companies in the surveillance camera market are focusing on creating cutting-edge products like edge AI cameras to stay competitive. These cameras are equipped with on-device artificial intelligence, enabling data processing and analysis directly at the source, rather than relying on cloud or central servers. For example, in March 2023, IDIS introduced a new series of Edge AI cameras featuring dome and bullet models. These cameras aim to minimize false alarms, enhance response times of security teams, and improve operational efficiency by accurately differentiating between humans, vehicles, and other objects. The product line includes models with NIR Lightmaster technology, deep learning-powered 5MP sensors, IDIS Smart Failover, true wide dynamic range (WDR), H.265 compression, IDIS Intelligent Codec, and Power over Ethernet (PoE) functionality. These cameras are designed for easy installation and seamless integration with IDIS network recorders, making them ideal for securing vulnerable perimeters, vehicle access points, parking lots, entrances, exits, and other high-risk areas.
Detailed Segmentation of the Surveillance Camera Market
The report categorizes the surveillance camera market into several segments for thorough analysis:
1) Product Type: Internet Protocol (IP)-Based Cameras, Cellular Cameras, Analog Cameras
2) Resolution Capacity: High Definition (HD), Full High Definition (FHD), Ultra High Definition (UHD) including 4K
3) Deployment Environment: Indoor, Outdoor
4) End-Use Sectors: Residential, Commercial Infrastructure, Public Facilities, Industrial, Military and Defense, and Other Uses
Further subcategories include:
- Within Internet Protocol (IP)-Based Cameras: Wired IP, Wireless IP, Cloud-Based IP, Outdoor and Indoor IP Cameras
- Cellular Cameras: 4G/5G Cellular Cameras, Battery-Powered Cellular Cameras, Cellular Trail Cameras
- Analog Cameras: Standard Analog CCTV, High Definition Analog (HD-TVI, AHD, CVI), and Dome/Bullet Analog Cameras
This layered segmentation provides a comprehensive understanding of the market's scope and potential growth areas as technology and demand continue to evolve globally.
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