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The homeland security surveillance camera market size is forecast to increase by USD 5.13 billion, at a CAGR of 8.71% between 2023 and 2028. The market growth analysis depends on several factors such as the growing focus on public place protection, the rising government investment in security surveillance cameras, and the technological development for homeland security surveillance cameras.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Application, which comprises infrastructure security, border security, and public protection. Additionally, it categorizes Type into audio video camera, integrated video camera, infrared camera, and internet protocol (IP) camera, and covers Regions, including North America, Europe, APAC, South America, and Middle East and Africa. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The high penetration of technology such as facial recognition cameras, thermal imaging technology, and artificial intelligence (AI) based solutions has led to the innovation of many new security surveillance cameras in the past few years. Several market players are developing innovative video surveillance solutions. In January 2020, Hangzhou Hikvision Digital Technology Co. Ltd. (Hikvision) showcased its innovative technologies, such as multi-intelligence cameras and cost-effective thermal cameras, during the Intersec 2020 security exhibition held in the UAE. Hikvision showcased its new innovative AI Cloud practices during the China Public Security Expo held at Shenzen in the previous year.
Similarly, in 2021, Silent Sentinel launched a new product in the Aeron Ranger range with a brand-new 25-150mm Long Wavelength Infrared (LWIR) uncooled thermal lens, which replaces the 50-150mm lens. In addition, Silent Sentinel is expected to demonstrate innovative electro-optical threat detection systems at INTERSEC 2022 in the World Trade Center in Dubai. This new lens will provide end-users with crisp images. Thus, the development of such innovative solutions will drive the growth of the market during the forecast period.
Cloud-based security surveillance systems are gaining popularity due to their efficiency, flexibility, cost-effectiveness, and security. These systems do not require server installation and system configuration and are more convenient than traditional video solutions. Popular cloud service providers such as Amazon offer flexible and scalable solutions with elastic computing, storage, and networking capabilities. Federal agencies such as DHS are now rapidly accelerating their move to the cloud.
Likewise, the Transportation Security Administration (TSA) published a new cloud strategy half a decade back that offers a framework for how the agency will proceed with its migration toward the cloud. Cloud adoption has made this technology very efficient, which is expected to increase its adoption of cloud-based security surveillance cameras, thereby propelling the growth of the market during the forecast period.
Surveillance data could be compromised due to theft by hackers. The number of data breaches and files stolen by hackers is increasing across the world. Therefore, a secure IT environment is required to safeguard surveillance data. A security surveillance solution collects video and audio data through a large cluster of systems such as cameras and IoT-based sensors and stores such data for analysis. It has access to all the sensitive areas of an organization. Therefore, the stored data are vulnerable.
Moreover, any breach or mismanagement of surveillance data may cause a privacy violation. Private videos and photos of people may be leaked, which can have serious consequences for all stakeholders. Such leaks could affect brand loyalty and result in expensive lawsuits and insurance claims. Therefore, concerns about the security of surveillance data will negatively impact the growth of the market during the forecast period.
The infrastructure security segment will account for a major share of the market's growth during the forecast period.?Infrastructure security is provided by a country's homeland security department to protect its vital and important facilities, such as airports, highways, railway stations, hospitals, bridges, media offices, electricity grids, universities, dams, banks, power plants, and oil refineries. A rise in terror activities has led to concerns over global security. With an increase in such security threats globally, governments and homeland security departments have initiated numerous preventive measures. As a result, extensive investments have been made in surveillance camera systems globally.
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The infrastructure security segment was valued at USD 2.80 billion in 2018. The need for surveillance systems is growing continuously around the globe to forbid attackers/robbers at tourist places and critical infrastructures. There has been a significant increase in the global deployments of surveillance cameras due to the advancements in imaging technology such as intelligent video analytics and deep machine learning, facial recognition camera, thermal imaging technology, and artificial intelligence (AI)-based solutions that are capable of operating in complete darkness. Thus, such factors are likely to drive the infrastructure security segment and contribute to the growth of the market during the forecast period.
Based on type, the market has been segmented into audio video camera, integrated video camera, infrared camera, and internet protocol (IP) camera. The audio video camera segment will account for the largest share of this segment.? The audio video camera segment is expected to grow due to the growing focus on public protection. Homeland security agencies collect and maintain video images and audio recordings of persons involved in any incidents or disturbances related to customs and border protection along with homeland security. Moreover, audio video cameras are used in public spaces for security, safety, and surveillance purposes. Examples of public areas where audio-video cameras may be used include transportation, government buildings, public parks and recreational areas, public streets and highways, public buildings and facilities, and public events. Consequently, on an overall basis, the public use of audio-video cameras can help enhance public safety, deter criminal activity, and assist in investigations of crimes or incidents that occur in public spaces, which, in turn, is expected to drive the growth of audio video camera segment of the market during the forecast period.
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North America is estimated to contribute 40% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America, led by the US, dominates the global homeland security surveillance camera market, driving significant demand for surveillance solutions. Key US cities like Houston, Chicago, and New York lead in deploying public surveillance and security solutions. The US Department of Homeland Security (DHS), established post-9/11, oversees border security, cyber security, disaster management, and public safety. Surveillance cameras play a crucial role in identifying and deterring threats. The DHS focuses on IP-based surveillance systems, enhancing real-time crime response. Industry players, like Teledyne Technologies, expand product portfolios, contributing to market growth. Events like Border Security Expo 2022 foster technology awareness and adoption. Thus, such factors will drive the growth of the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Axis Communications AB, CP PLUS International, Elbit Systems Ltd., General Dynamics Corp., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Homeland Safety Systems, Honeywell International Inc., Infinova Group, Moog Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Silent Sentinel, Teledyne Technologies Inc., Vicon Industries Inc., VIVOTEK Inc., Zebra Technologies Corp., Zhejiang Dahua Technology Co. Ltd., and Zhejiang Uniview Technologies Co. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Homeland Security Surveillance Camera MarketScope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.71% |
Market Growth 2024-2028 |
USD 5.13 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.19 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Axis Communications AB, CP PLUS International, Elbit Systems Ltd., General Dynamics Corp., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Corp., Homeland Safety Systems, Honeywell International Inc., Infinova Group, Moog Inc., Panasonic Holdings Corp., Rafael Advanced Defense Systems Ltd., Robert Bosch GmbH, Silent Sentinel, Teledyne Technologies Inc., Vicon Industries Inc., VIVOTEK Inc., Zebra Technologies Corp., Zhejiang Dahua Technology Co. Ltd., and Zhejiang Uniview Technologies Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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