AI CCTV Market Size will be valued at USD 57.11 billion by 2030, and it is valued at USD 18.54 billion in 2022, and grow at a CAGR of 15.1% over the forecast period 2023-2030.
AI CCTV is an electronic device that uses an AI chip to process and improve its performance, allowing it to perform tasks like face recognition, motion detection, ANPR (automated number plate recognition), population counting, perimeter detection (the separation of man and beast), and stranger detection. The AI layer in AI CCTV is frequently added to various parts of the technology stack, such as the NVR (Network Video Recorder), camera, or cloud.
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KEY DRIVERS:
The requirement for security.
Surge in demand for AI CCTV.
RESTRAINTS:
High cost.
Privacy concern.
OPPORTUNITIES:
Demand for smart cities.
CHALLENGES:
This will be covered under the final version of the report.
COVID-19 has had a considerable impact on the electrical and semiconductor industries. Due to a rise in the number of cases of COVID-19, business and manufacturing units in several nations have been shuttered, and it is expected that they will remain closed. Furthermore, partial or complete silence has disrupted a worldwide supply chain, making it difficult for producers to reach their customers. The COVID-19 epidemic is doing havoc on society and the economy. The outbreak's influence is expanding by the day and is harming businesses all across the world. This issue causes stock market volatility, a drop in corporate confidence, a severe drop in purchasing power, and an increase in panic among client segments.
Due to the closure of production units in the region, Asian and European countries subject to the Lockdowns have lost a significant amount of business and money. The manufacturing and manufacturing industries' performance has had a big impact on the COVID-19 outbreak, resulting in a considerable contribution to the growth of the AI CCTV market by 2020.
The COVID-19 outbreak has had an influence on the electronics industry, as the manufacturing sector has remained stagnant, despite the industry's high demand for industrial and semiconductor products. Its main consequences include massive manufacturing delays across Europe and interruptions in China's export sectors, which could stymie the AI CCTV market's growth.
Due to factors such as increased demand for a highly developed testing system and rising public safety and security concerns, the worldwide AI CCTV market is predicted to rise significantly during the forecast period. Furthermore, government authorities are increasingly using AI CCTV at road signals to obtain and view licence plates for mobile and stationary cars, which is driving the market growth. However, in the worldwide AI CCTV market, a lack of information about advanced products is a key roadblock. Furthermore, the increasing infrastructure sector in Asia-Pacific is likely to provide attractive prospects in the AI CCTV business..
BY DEPLOYMENT
Cloud-Based
On-premise
BY OFFERING
Hardware
software
services
BY CAMERA TYPE
PTZ Camera
Dome Camera
Bullet Camera
Box Camera
Others
BY APPLICATION
Residential
Commercial
Industrial
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At a regional level, AI CCTV market trends are examined in North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) (Latin America, Middle East, and Africa). Because of the growth of the infrastructure sector, North America dominates the AI CCTV market. During the forecast period, however, Asia-Pacific is expected to see significant increase. Furthermore, LAMEA is in second place and is expected to develop faster towards the conclusion of the prediction period, followed by Europe.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key market players in AI CCTV market are Bosch Security Systems, Eagle Eye Networks, Axis Communications AB, D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Panasonic Corporation, FLIR Systems, Inc., VIVOTEK Inc., Hanwha Techwin America, Swann and Other
Eagle Eye Networks-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | USD 33.13 Billion |
| Market Size by 2030 | USD 53.61 Billion |
| CAGR | CAGR of 15.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Deployment (Cloud-Based, On-premise) • by offering (Hardware, software, and services) • by Camera type (PTZ Camera, Dome Camera, Bullet Camera, Box Camera and Others) • by Applications (Residential, Commercial, and Industrial) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Bosch Security Systems, Eagle Eye Networks, Axis Communications AB, D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Panasonic Corporation, FLIR Systems, Inc., VIVOTEK Inc., Hanwha Techwin America, Swann and Other. |
| Key Drivers | • The requirement for security. • Surge in demand for AI CCTV. |
| RESTRAINTS | • High cost. • Privacy concern. |
The AI CCTV Market size was valued at 43.1 billion in 2021 at a CAGR of 15.1%.
The requirement for security and Surge in demand for AI CCTV are the drivers of the AI CCTV Market.
The key market players in AI CCTV market are Bosch Security Systems, Eagle Eye Networks, Axis Communications AB, D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Panasonic Corporation, FLIR Systems, Inc., VIVOTEK Inc., Hanwha Techwin America, Swann and Other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global AI CCTV Market, by Deployment
8.1 Cloud-Based
8.2 On-premise
9. Global AI CCTV Market, by offering
9.1 Hardware
9.2 software
9.3 services
10. Global AI CCTV Market, by Camera type
10.1 PTZ Camera
10.2 Dome Camera
10.3 Bullet Camera
10.4 Box Camera
10.5 Others
11. Global AI CCTV Market, by End user
11.1 Residential
11.2 Commercial
11.3 Industrial
12. Global AI CCTV Market, by Applications
12.1 Residential
12.2 Commercial
12.3 Industrial
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Swann.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Bosch Security Systems
14.3 Eagle Eye Networks
14.4 Axis Communications AB
14.5 D-Link Corporation
14.6 Hangzhou Hikvision Digital Technology Co., Ltd.
14.7 Panasonic Corporation
14.8 FLIR Systems, Inc.
14.9 VIVOTEK Inc.
14.10 Hanwha Techwin America
14.11 Other
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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