Canada Surveillance Analog Camera Market Size & Share Analysis - Growth Trends & Forecast (2024 - 2029)

Canada Surveillance Analog Camera Market Analysis

The Canada Surveillance Analog Camera Market size is estimated at USD 3.05 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of 6.53% during the forecast period (2024-2029).

• IP cameras are swiftly overtaking analog surveillance cameras, driven by their superior image quality, scalability, and advanced features. These include remote monitoring and seamless integration with other smart devices, making them a preferred choice for consumers and businesses.
• Although analog cameras are declining, they are not stagnant. Innovations like HD-TVI and HD-CVI offer high-definition images, utilizing existing coaxial cables for a cost-effective upgrade. This has kept analog cameras relevant, especially for small to medium-sized businesses and residential users, who appreciate their lower upfront costs and easier installation compared to IP cameras.
• The surveillance sector is heavily regulated and focused on data privacy and security. Analog cameras, which are less vulnerable to cyber threats than their IP counterparts, are finding renewed favor. Moreover, a rising trend in hybrid surveillance setups, blending analog and IP technologies, is emerging. This shift is largely propelled by heightened demand from SMEs, residents, and retailers in response to escalating crime rates.
• Canada is witnessing a surge in crime rates, spurring a heightened demand for surveillance cameras. The Violent Crime Severity Index, touching its highest in decades, underscores the gravity of the situation. Notably, homicide rates have hit a 30-year peak, while sexual assault incidents are the highest. Additionally, data from Statistics Canada paints a concerning picture: incidents of firearms-related violent crimes have been steadily rising, reaching a peak in 2024, the highest since data collection began decades ago.
• Businesses are increasingly turning to surveillance systems to bolster workplace safety, monitor employee activities, and combat internal theft. Government initiatives, like Manitoba's rebate program starting in September 2024, further underscore the push for security cameras in both residential and commercial settings. This program offers a USD 300 rebate for home business security equipment, covering essentials from cameras to alarms and motion detectors.
• Despite the rising popularity of IP cameras, analog cameras face challenges. Their integration with modern digital surveillance systems and software, especially as smart tech and IoT devices gain traction, is not as seamless. While the broader trend leans toward digital and IP surveillance systems, the analog camera market in Canada is set to maintain its niche, buoyed by its cost-effectiveness and the demand for straightforward security solutions.

Canada Surveillance Analog Camera Market Trends

Ease of Use and Affordability is Driving the Demand

Canada Surveillance Analog Camera Industry Segmentation

A surveillance analog camera is a security device that captures video footage in an analog format, typically transmitting signals over coaxial cables to a recording device or monitor. The study tracks the revenue accrued through the sale of surveillance analog camera products by various players operating in Canada as the baseline for market estimations. It also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of macroeconomic factors on the market.

Canada's surveillance analog camera market is segmented by end-user industry (government, banking, healthcare, transportation & logistics, industrial, and other end-user industries). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.