The Global IP Camera Market Size Was Worth USD 11.49 Billion in 2022 And is Estimated to Grow to USD 32.32 Billion By 2030, With a CAGR of Approximately 13.8 % Over the Forecast Period From 2023 To 2030.
IP Camera Market Overview
An IP camera is a digital video camera that interacts with an IP network to send and receive images and control data. Contrary to analog closed-circuit television (CCTV) cameras, they require a local area network despite being regularly employed for monitoring. Webcams make up the majority of IP cameras. However, IP cameras and netcams can be accessed through a network connection and are typically employed for surveillance. Due to increased squatting and home burglaries, security monitoring has recently gained popularity, and homeowners’ top priorities now include their home’s protection. Over the projected period, it is predicted that this aspect will propel the expansion of the internet protocol (IP) camera market. The popularity of home monitoring has increased in tandem with urban population growth.
The COVID-19 problem has disrupted business activities in the electronics sector throughout the world. The movement in consumer choice toward critical items is expected to have an impact on the CCTV cameras market throughout the forecast timeframe. Furthermore, the COVID-19 epidemic has led to the closure of international borders, resulting in a significant drop in worldwide demand for CCTV cameras and related equipment. Travel restrictions have been imposed by governments all around the world. As a result, the market is likely to be impacted by a decline in CCTV camera sales in the electronics industry. Furthermore, limitations on public gatherings and travel prohibitions in certain countries are predicted to impede the growth of the CCTV cameras market during the forecast period. Due to the installation of IP cameras and other video analytics software for security purposes in public spaces, the industry is predicted to recover when things get better. Due to supply chain interruptions, raw materials are less readily available, including the delivery of IP camera hardware systems. Production and R&D have slowed as a result of factory closures. Spending on R&D will decline in 2021 due to the decline in hardware sales revenue.
The emergence of infrared cameras and the subsequent use of IoT in video surveillance has significantly raised the need for internet protocol (IP)-based camera systems. The increasing use of IP cameras in commercial constructions is predicted to boost the IP camera market in the future years. In addition, there is a growing trend toward smart houses and a requirement for security in residential applications. IoT devices are being embraced by homeowners, which is advancing the sector. To increase the security of their facilities, consumers are increasingly replacing their choice of ordinary mountable Wi-Fi cameras with the installation of smart IP cameras. This bodes well for participants in the Internet Protocol (IP) camera sector. The development of infrared cameras, as well as the increasing usage of IoT in video surveillance, has raised the need for IP cameras dramatically.
The widespread deployment of IP surveillance systems would be hampered if they weren’t compatible with evolving telecommunication standards. The most current wireless standard is IEEE 802.11n; however, current IP cameras support IEEE 802.3. This latest wireless communication system standard is not compatible with IP cameras. This is a significant issue with IP surveillance systems. It is challenging for end users to regularly adjust the system to new standards.
IP Camera Market: Segmentation
The global IP Camera market has been segmented into components, product type, connection type, and application.
- Based on the Component, the global IP Camera market is divided into hardware and services. Hardware dominated the industry with the largest market share in 2022. This convenience has been made possible by the market’s improvement in hardware systems in recent years. Few government agencies employ face- or body-detection technologies. Manufacturers are using artificial intelligence and the Internet of Things to develop new products with technological advancements and enhanced features.
- Based on product type, the market is classified into fixed, pan-tilt-zoom (PTZ), and infrared. The pan-tilt-zoom (PTZ) category accounted for the largest share in 2022. PTZ enables the user to adjust the field of view as needed and move between zero pan/tilt and 360-degree pan and 180-degree tilt. The combination of PTZ cameras and stationary cameras can enhance monitoring capabilities. Additionally, it has optical and digital zoom features, which are especially useful for focusing on small details and observing objects from a distance when conducting surveillance.
- Asia Pacific dominated the global IP Camera market in 2022. Major economies such as China, Japan, and India are heavily investing in surveillance cameras to reduce crime rates. Current security technologies are used for various purposes, including home security, traffic monitoring, and city surveillance. As an illustration, China Police have begun implementing the latest gait recognition surveillance technology to identify persons based on their gait. The use of technology will enable police officers to recognize people from up to 50 meters away based on their movement and body type. Government officials are improving their monitoring activities with these cutting-edge AI-powered security technologies.
- Some of the major competitors dominating the global IP Camera market include: 3DEYE Inc, Arecont Vision Costar LLC, Bosch Security Systems GmbH, D-Link Corporation, Honeywell International Inc, Panasonic Corporation, Samsung Electronics Co. Ltd, Schneider Electric SE, Sony Corporation, EOS Digital Services, GEOVISION Inc, Johnson Controls, Kintronics Inc, Matrix Comsec, CAMERAFTP, & CAMCLOUD
- October 2022: The professional PTZ and studio camera portfolio from Panasonic Connect North America includes SMPTE 2110 support and IP/networked features. The improvements will help more dynamic, multi-camera productions and give studios more linked workflow flexibility.
- September 2022: The ILME-FR7, an E-mount interchangeable lens camera for its Cinema Line, was introduced by Sony Electronics. This camera’s pan, tilt, and zoom (PTZ) capabilities are built-in, and it has a full-frame image sensor. Sony digital cameras pushed the limits of the movie business because they offered a cinematic image and operability. It also provides flexible connectivity and effective multi-camera workflow support.
The Global IP Camera Market is segmented as follows:
IP Camera Market by Component Outlook (Revenue, USD Billion, 2017 – 2030)
IP Camera Market by Product Type Outlook (Revenue, USD Billion, 2017 – 2030)
- Pan-Tilt-Zoom (PTZ)
IP Camera Market by Connection Type Outlook (Revenue, USD Billion, 2017 – 2030)
IP Camera Market by Application Outlook (Revenue, USD Billion, 2017 – 2030)
IP Camera Market by Region Outlook (Revenue, USD Billion, 2017 – 2030)
- North America
- United States
- United Kingdom
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
|IP Camera Market Report Scope
|Market Size Value in 2022
||USD 11.49 billion
|Revenue Forecast in 2030
||USD 32.32 billion
||CAGR of 13.8 % from 2023 to 2030
|Base Year for Estimation
||2017 – 2022
||2023 – 2030
||Revenue in USD million and CAGR from 2023 to 2030
||Revenue forecast, company ranking, Trends
competitive landscape, and growth factors
||Product Type, Component, Connection Type, Application, and Region
||North America; Europe; Asia Pacific; Latin America; Middle East & Africa
||U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others
|Key Companies Profiled
||3DEYE Inc, Arecont Vision Costar LLC, Bosch Security Systems GmbH, D-Link Corporation, Honeywell International Inc, Panasonic Corporation, Samsung Electronics Co. Ltd, Schneider Electric SE, Sony Corporation, EOS Digital Services, GEOVISION Inc, Johnson Controls, Kintronics Inc, Matrix Comsec, CAMERAFTP, & CAMCLOUD