CCTV Camera Market Research Report - Global Forecast till 2024 Market Research Future published a research report on “CCTV Camera Market Research Report Global Forecast till 2024� – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Overview The Global CCTV Camera Market is projected to account for USD 31990.8 million by 2024, registering a CAGR of 12.90% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years. Over the past two decades, governments, businesses, enterprises, and residents across the globe have become attentive towards preventing their people and assets from potential threats, such as thefts, terrorist attacks, civil unrest, and natural disasters. Safety of people and assets require real-time monitoring of activities in public places and surroundings. Video surveillance plays a vital role in the development of smarter and safer cities by reducing crime rates and implementing preventive measures.
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Market Segmentation Based on product, the market has been classified as bullet security camera, dome security camera, PTZ security camera, box security camera, and thermal security camera. The bullet security camera segment accounted for the larger market share in 2018, with a market value of USD 4,239.2 million; it is expected to register the higher CAGR during the forecast period. The dome security camera segment is the second-largest segment. Bullet security cameras are shaped like a cylinder and are compact. A majority of the bullet CCTV cameras are equipped with a mounting bracket and provide ease of installation on walls or ceilings. Dome security cameras are named so because of their domelike shape. These cameras are commonly used in surveillance systems inside homes, casinos, retail stores, and restaurants. Pan/Tilt/Zoom (PTZ) cameras allow users to control the pan, tilt, and/or zoom operations of the lens through a surveillance DVR or remotely. Box style CCTV cameras allow the users to select the type of lens which are suitable for video surveillance application. Thermal cameras can work under all weather conditions and are primarily suited for outdoor applications. Thermal security cameras produce images with the help of heat radiation or invisible infrared.