CCTV camera (closed circuit television) is also known as video surveillance. They are used for security purposes to keep surveillance and monitoring at any location. The signal of these CCTV cameras are connected to electronic display devices such as a television screen, laptop, smartphone, etc. Digital video recorder is also attached to the CCTV camera system to record and store the data. There are different types of CCTV cameras available in the market such as IP camera, wireless camera, hidden camera, etc. Availability of different types of security cameras, making it easy for consumers to choose cameras as per their requirements. CCTV cameras are used in government buildings, hospitals, educational institutes, historical monuments, museums and highways to monitor and surveillance, for security purposes.
However, CCTV camera system is expensive and requires regular maintenance. They are not attached to alarm system that can alert authorities in case of crime is being committed. These factors may affect the demand of the CCTV cameras and hamper the growth of the target market in the near future.
The global CCTV camera market report has been segmented on the basis of model type, technology, application and region. On the basis of model type, the market is segmented into box camera, PTZ camera, bullet camera, dome camera and others (Hybrid, C type etc.). On the basis of technology, the market is segmented into wireless CCTV systems, analog CCTV systems, hybrid CCTV systems and IP-based CCTV systems. On the basis of application, the market is segmented into hospitality, retail, commercial infrastructure, BFSI, government, home security, and others (Transportation, Healthcare, etc.)
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to increasing demand for CCTV cameras for security purpose in this region. The market in Asia Pacific is also expected to register a significant market growth in terms of revenue, followed by North America and Europe over the forecast period.
Key players operating in the global CCTV camera market include Axis Communications AB, Bosch Security Systems Inc., GeoVision Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Techwin Co., Ltd., Honeywell International Inc., Panasonic System Networks Co., Ltd., Pelco, Inc., Toshiba Corporation, and Zhejiang Dahua Technology Co. Ltd.