The Latest Security Camera Industry Statistics Explained
The global security camera market size was USD 1.82 billion in 2019.
The statistic “The global security camera market size was USD 1.82 billion in 2019” represents the total valuation of all security camera sales worldwide during the year 2019. This figure indicates the significant scale and economic importance of the security camera industry, reflecting the widespread adoption of surveillance technology for security and monitoring purposes. The market size of USD 1.82 billion highlights the robust demand for security cameras, driven by factors such as increasing security concerns, advancements in technology, and regulatory requirements. This statistic serves as a key metric for evaluating the growth and dynamics of the security camera market, providing insights into industry trends and opportunities for businesses operating in this sector.
The security camera industry is predicted to grow at a CAGR of 10.4% from 2020 to 2027.
The statistic stated that the security camera industry is expected to grow at a compound annual growth rate (CAGR) of 10.4% from 2020 to 2027. This means that the industry is projected to expand steadily at an average rate of 10.4% per year over the specified period. The CAGR takes into account the compounding effect of growth over multiple years, providing a better indication of the industry’s overall performance compared to a simple annual growth rate. The forecast suggests that there is strong market potential and increasing demand for security cameras, leading to significant growth opportunities for companies operating in this sector.
The global security camera market is forecasted to reach USD 3.70 billion by 2025.
The statistic ‘The global security camera market is forecasted to reach USD 3.70 billion by 2025’ indicates that the worldwide market for security cameras is expected to grow substantially by the year 2025, reaching a total value of USD 3.70 billion. This forecast suggests a significant increase in demand for security cameras due to factors such as rising concerns about safety and security, advancements in technology leading to improved camera capabilities, and the increasing adoption of surveillance systems across various sectors including residential, commercial, and public spaces. This growth projection implies opportunities for companies operating in the security camera industry to capitalize on the expanding market and for consumers to benefit from a wider range of choices and improved features in security camera products.
North America held the largest security camera industry share in 2019.
The statistic ‘North America held the largest security camera industry share in 2019’ means that among all regions worldwide, North America had the highest proportion of the security camera market in terms of revenue or units sold in the year 2019. This suggests that North America was a key player in the security camera industry, overshadowing other regions in terms of market dominance. Factors contributing to North America’s large industry share could include high demand for security cameras in various sectors such as residential, commercial, and government, advanced technology adoption, regulatory requirements, and strong presence of key industry players in the region. This statistic highlights North America’s significance in the global security camera market landscape during the specified year.
The presence of key players is primarily concentrated in the Asia Pacific region.
The statistic indicating that the presence of key players is primarily concentrated in the Asia Pacific region suggests that the majority of influential or significant individuals or organizations relevant to a particular context, such as a specific industry or market, are located within countries in the Asia Pacific region. This concentration may indicate that a significant proportion of important stakeholders, decision-makers, or market leaders have their base of operations in countries within Asia Pacific, potentially influencing trends, policies, or developments in that region more significantly than in other regions. This statistic highlights the strategic importance and influence that key players in the Asia Pacific region may have on various aspects of the industry or market being considered.
The Chinese security camera market was worth USD 6.94 billion in 2019.
The statistic stating that the Chinese security camera market was worth USD 6.94 billion in 2019 provides a snapshot of the total monetary value of all security cameras sold in China during that year. This figure reflects the significant size and importance of the security camera industry within the country’s economy. The market value also suggests the strong demand for security cameras in China, likely driven by factors such as increasing concerns about security and surveillance, growing urbanization, and technological advancements in the security industry. Monitoring changes in the market value over time can help businesses make informed decisions about investment, expansion, and product development strategies in the Chinese security camera market.
Residential security camera usage is expected to grow with a CAGR of 9.81% during the period 2020-2025.
This statistic indicates that the adoption of residential security cameras is projected to increase at a Compound Annual Growth Rate (CAGR) of 9.81% over the five-year period from 2020 to 2025. This growth rate suggests a consistent and steady rise in the implementation of security camera systems in residential settings over the specified timeframe. Factors such as increasing awareness of home security, advancements in technology, and rising concerns about personal safety and property protection may be contributing to this upward trend. The statistic implies a positive outlook for the residential security camera market, with a notable increase in the number of households incorporating such devices for enhanced surveillance and protection purposes.
Dome shaped security cameras make up over 21.51% of the overall security camera market revenue by product type.
The statistic suggests that dome-shaped security cameras account for more than a fifth (21.51%) of the total revenue generated in the security camera market based on product type. This indicates that there is a significant demand for dome-shaped security cameras compared to other types of security cameras such as bullet cameras, PTZ cameras, or box cameras. The popularity of dome-shaped cameras could be attributed to their sleek design, versatility in installation, wide-angle coverage, and potentially lower visibility to potential intruders. This statistic underscores the importance of dome-shaped security cameras in the overall security surveillance industry and highlights the preference for this particular product type among consumers and businesses seeking effective security solutions.
Over 62% of residential burglaries had some sign of security camera present.
The statistic suggests that a majority of residential burglaries, specifically over 62%, showed evidence of the presence of security cameras. This implies that security cameras may be effective in deterring burglaries or capturing evidence of such crimes. The data indicates that homeowners who have security cameras installed may have a lower risk of being targeted for burglary compared to those without security measures. However, while the statistic highlights a positive impact of security cameras in home security, it is important to consider other factors such as the quality of the cameras, their placement, and additional security measures to maximize their effectiveness in preventing residential burglaries.
The IP-based security camera segment is projected to witness a growth rate of 15% from 2020 to 2026.
The statistic that the IP-based security camera segment is projected to witness a growth rate of 15% from 2020 to 2026 indicates that the market for IP-based security cameras is anticipated to expand significantly over the specified timeframe. This growth rate suggests that there is increasing demand for these advanced security solutions, likely driven by factors such as the growing importance of surveillance and security in both commercial and residential settings, technological advancements in the field of surveillance systems, and an increasing focus on enhancing overall security measures. The projected growth rate of 15% signifies a substantial increase in market size and penetration for IP-based security cameras, highlighting a positive outlook for the industry in the years ahead.
By 2026, wireless systems are expected to constitute over 70% of market share.
The statistic indicates that by the year 2026, wireless systems are projected to hold a dominant position in the market, accounting for more than 70% of the total market share. This forecast suggests a significant shift towards wireless technologies in various industries, including telecommunications, networking, and Internet of Things (IoT) applications. Factors driving this trend may include the increasing demand for mobility, the rapid advancement of wireless technologies such as 5G, and the growing adoption of connected devices. With the rise of wireless systems predicted to continue, businesses and consumers are likely to experience greater connectivity, convenience, and efficiency in their daily operations and interactions.
The demand for thermal cameras is expected to grow at around 17% CAGR from 2020 to 2026.
The statement “The demand for thermal cameras is expected to grow at around 17% CAGR from 2020 to 2026” indicates that the Compound Annual Growth Rate (CAGR) for the demand of thermal cameras is projected to be approximately 17% over the specified period of 2020 to 2026. This forecast implies that the demand for thermal cameras is anticipated to steadily increase by an average annual rate of 17% each year during this timeframe. The CAGR provides a smoothed annual growth rate that reflects the steady compounding of growth over multiple years, suggesting a strong and sustained upward trend in demand for thermal cameras within the specified duration.
Public spaces held more than 30% of security cameras market share in terms of applications in 2019.
In 2019, public spaces, such as parks, streets, transportation hubs, and government buildings, accounted for more than 30% of the market share for security cameras in terms of their applications. This statistic indicates that a significant portion of security cameras installed were primarily used for monitoring and surveillance in public areas to ensure safety and security. The high market share held by public spaces underscores the importance of using video surveillance technology to protect citizens, deter criminal activities, and enhance overall security measures in these areas.
The United States is the leading country in security camera penetration, with around one camera for every 4.6 people.
The statistic that the United States is the leading country in security camera penetration, with approximately one camera for every 4.6 people, indicates a high prevalence of surveillance technology in the country. This level of camera coverage suggests that there is widespread monitoring of public spaces, private properties, and possibly even workplaces. The data points to a strong emphasis on security measures in the United States, with a concentration on surveillance as a means of crime prevention and safety assurance. However, the high ratio of cameras to people may also raise concerns about privacy implications and the extent of government or corporate surveillance on individuals within society.
Around 47% UK’s CCTV cameras are installed in London alone.
The statistic that around 47% of the UK’s CCTV cameras are installed in London alone highlights a significant concentration of surveillance equipment in the capital city. This concentration suggests a high level of monitoring and security infrastructure in London compared to other regions within the UK. The widespread use of CCTV cameras in London may be influenced by factors such as the city’s population density, economic importance, tourist attractions, and security concerns. This statistic underscores the substantial investment in surveillance technology in London and underscores the importance placed on monitoring public spaces and ensuring the safety and security of residents and visitors in the city.
Night vision feature holds approximately 22.66% of the global security camera market revenue.
The statistic stating that the night vision feature holds approximately 22.66% of the global security camera market revenue means that a significant portion of the revenue generated within the security camera market comes from cameras equipped with night vision capabilities. This suggests that consumers value the ability of security cameras to capture clear and detailed footage in low light or dark conditions, highlighting the importance of night vision technology in the industry. Companies that prioritize and invest in developing high-quality night vision features for their security cameras may have a competitive advantage in capturing a substantial share of the market revenue.
Retail is the largest vertical market for the security camera industry, accounting for 25.8% of the total market in 2019.
This statistic indicates that the retail industry holds the largest market share within the security camera industry as of 2019, accounting for 25.8% of the total market. This means that a significant portion of security camera sales and installations are attributed to retail businesses, reflecting the industry’s demand for surveillance and security measures. The high percentage suggests that retailers prioritize the safety and security of their stores, employees, and customers, leading to a substantial investment in security camera systems. This information is essential for understanding the market dynamics and trends within the security camera industry, highlighting the strong presence of the retail sector in driving market growth and innovation.
HD and megapixel security cameras shipment was 70.1 million units in 2019.
The statistic “HD and megapixel security cameras shipment was 70.1 million units in 2019” signifies the total number of high-definition and high-resolution security cameras that were transported or sold during the year 2019. This figure of 70.1 million units indicates a substantial demand for advanced surveillance technology in the global market. The popularity of HD and megapixel cameras can be attributed to their ability to capture clear and detailed images, enhancing security and surveillance capabilities in various settings such as homes, businesses, public spaces, and institutions. The significant shipment volume implies a growing awareness and investment in security measures, likely driven by factors such as increasing concerns for safety and security, technological advancements, and the need for more sophisticated surveillance solutions.
The number of public CCTV cameras in China is expected to reach 626 million units by 2020.
The statistic refers to the projection that the total number of public closed-circuit television (CCTV) cameras installed in China will increase significantly to 626 million units by the year 2020. This signifies a substantial expansion in the surveillance infrastructure of the country, indicating a substantial investment in security and monitoring measures. The rise in public CCTV cameras can have implications for law enforcement, public safety, privacy concerns, and civil liberties. Such a vast network of surveillance cameras could potentially enhance security measures, deter criminal activities, and aid in investigations, but also raise questions about privacy invasion and potential misuse of the technology. Understanding the implications and ensuring appropriate regulation and oversight will be crucial as China moves towards a future with an increased number of public CCTV cameras.
There was an estimated 770 million surveillance cameras installed worldwide in 2019.
The statistic that there were an estimated 770 million surveillance cameras installed worldwide in 2019 highlights the widespread use and prevalence of surveillance technology for security and monitoring purposes. This figure underscores the increasing reliance on surveillance systems across various industries, public spaces, and private properties to enhance safety and deter criminal activities. As surveillance technology continues to advance and become more accessible, it is evident that society is embracing the benefits of increased monitoring capabilities, albeit raising concerns about privacy and civil liberties. The data also suggests a trend towards a more interconnected and monitored world, as the number of surveillance cameras globally continues to grow.
References
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