CCTV Cameras - Worldwide Market Outlook Report 2018-2026: Dome Cameras Dominate - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global CCTV Cameras Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.

The global CCTV cameras market is expected to witness a growth of 12.3% CAGR during the forecast period to reach US$ 24 billion by 2026.

Use of CCTV cameras in business is growing at a significant rate due to increasing need in physical security. The drive for enhancing safety and security across various industries is adding to the growth of CCTV cameras market. Innovation in technologies have made video surveillance options scalable, tailored-made and more affordable for everyone's purpose than ever before. CCTV camera technology is continuously undergoing feature refinements for improving its performance in areas such as data storage, wireless communications, automated image analysis, and component miniaturization.

The move towards IP systems have unfolded a new era in the integration of CCTV into other security management systems. The benefits of remote CCTV monitoring and the emergence of IP signaling technology implicit as an efficient and cost effective alternative to the conventional technology. On the contrary, high costs of the HD CCTV cameras and 4K CCTV cameras are the factors restraining growth of the CCTV cameras market.

Based on the model type, dome cameras dominated the model type segment, accounting for 39.16% of the overall market value in 2017. Based on the technology, analog CCTV systems led the technology segment in 2017. In terms of end-user, the global CCTV cameras market was led by the commercial sector.

The leading players are focusing on innovating and launching new CCTV security cameras to cater to the rising need from commercial and residential applications. Larger companies have gained better market positions making it difficult for smaller players to withstand the price pressures and grow their revenues.

For instance, in May 2018, FLIR Systems, Inc. launched Saros, a product line of security cameras. The new generation product range for outdoor security combines multiple traditional perimeter protection technologies into an integrated solution. FLIR designed this approach for delivering actionable, accurate alerts and verified alarm data.

Company Profiles

• Axis Communications AB
• Bosch Sicherheitssysteme GmbH
• CP Plus International
• Dahua Technology Co., Ltd.
• Digital Watchdog
• FLIR Systems, Inc.
• GeoVision, Inc.
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Honeywell International Inc.
• Mitsubishi Electric Corporation
• Panasonic Corporation
• Pelco, Inc.
• Toshiba Corporation

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