Top 6 Companies Dominating the Global Video Surveillance System Market

The global video surveillance system market reached a value of about USD 69.14 billion in 2023. The market is projected to grow at a CAGR of 9.4% in the forecast period of 2024-2032 to reach around USD 154.69 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing safety concerns.

Closed-Circuit Television (CCTV) systems, comprising cameras, displays, and recorders, are utilised for monitoring and recording activities within specific areas or premises. These technology-driven setups can operate continuously, activate upon motion detection, or be scheduled for recording at specific times. Predominantly employed for security purposes, CCTV systems serve to enhance safety by shrivelling property surroundings, potentially deterring intruders, and furnishing crucial evidence in case of incidents.

The increasing integration of video surveillance systems in infrastructure sectors such as transportation, municipal surveillance, public areas, and utilities is driving video surveillance system market growth. Governments worldwide are bolstering investments in enhancing public safety, thereby further stimulating market growth. Initiatives by government bodies in multiple countries to deploy video surveillance cameras in public settings like urban areas, educational institutions, religious sites, airports, and railway stations are propelling market expansion.

The surge in demand for public safety measures and crime prevention is driving the popularity of AI-based video surveillance, fuelling video surveillance system market expansion. Video surveillance systems are being widely adopted across commercial infrastructure, public areas, and residential properties for their efficacy in real-time monitoring and crime deterrence, leading to increased demand for these systems.

In May 2022, Tenda introduced the CP3 Security Camera in India, boasting 1080p resolution and artificial intelligence capabilities. Designed for small office/home office (SOHO) use, it featured pan and tilt adjustments and full-duplex 2-way audio communication. The AI-driven system included smart motion detection and tracking. Equipped with a full-HD 1080p image sensor, it offered 360-degree rotation for comprehensive coverage in homes and small offices.

Top 6 Video Surveillance Systems Companies in the World:

Axis Communications AB

Axis, a pioneer in network technology, provides solutions to enhance security and business efficiency. With expertise in video surveillance, access control, intercom, and audio systems, Axis offers intelligent analytics and comprehensive training. Founded in 1984 and headquartered in Lund, Sweden, Axis boasts around 4,000 employees across 50 countries. Collaborating with numerous technology and system integration partners globally, Axis is committed to creating a smarter, safer world through innovative network solutions.

Bosch Sicherheitssysteme GmbH

Bosch's Building Technologies division is a global leader in security, safety, and communication solutions. With a focus on building security, energy efficiency, and automation, it employs around 10,900 associates and achieved €2.5 billion in sales in 2022. Offering video security, intrusion detection, fire detection, access control, and professional audio systems, Bosch prioritises protecting lives, buildings, and assets. Operating its own manufacturing plants across Europe, the Americas, and Asia, Building Technologies pioneers innovative solutions to redefine the relationship between people and their environments.

Honeywell Security Group

As a Fortune 500 company, Honeywell pioneers technologies to tackle global challenges in safety, security, and energy. With over 110,000 employees, including 19,000 engineers and scientists, Honeywell emphasises quality, delivery, and innovation. They revolutionise building automation to enhance quality of life, making workplaces, schools, and other spaces safer, more productive, and energy efficient. Honeywell's solutions connect disparate systems, enabling easier management, optimisation, and automation of building portfolios while addressing pressing issues like carbon reduction.

Panasonic Holdings Corporation

Established in 1918, the Panasonic Group is dedicated to enriching societal well-being through innovative solutions and values-driven business practices. With consolidated net sales of 7,388.8 billion yen in 2022, Panasonic Corporation, a Japanese multinational electronics company, offers a diverse range of consumer electronics, electrical equipment, and services. Committed to improving lives, Panasonic's extensive product line includes microwaves, hair dryers, and video cameras, sold under brand names like Panasonic, Quasar, and Technics. Headquartered in Kadoma, Osaka, Japan, Panasonic continues its legacy of pioneering advancements for a better world.

Teledyne FLIR LLC

Teledyne FLIR pioneers technologies that heighten perception and awareness, spanning thermal and visible-light imaging, video analytics, and advanced threat detection systems. As a leader in surveillance imaging and unmanned platforms, Teledyne FLIR serves global security needs, offering diverse applications in government, defence, industrial, and commercial sectors. Their solutions empower first responders and military personnel, enhance trade efficiency, and drive consumer technology innovation. Committed to bolstering public safety and efficiency, Teledyne FLIR contributes to creating healthier, more intelligent communities worldwide.

Schneider Electric SE

Schneider Electric is committed to enabling individuals to optimise energy and resources while advancing sustainability. With a focus on digital transformation, they integrate cutting-edge technologies across various sectors, including homes, buildings, data centres, and industries. Recognised as the world's most sustainable company in 2021, Schneider Electric emphasises open standards and partnership ecosystems. Their digital risk strategy prioritises cybersecurity, incorporating industry-leading standards like NIST, ISA/IEC 62443, and ISO 2700x, and offering cybersecurity services to customers across markets.