Canada Surveillance Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.6 Billion |
| Market Size (2029) | USD 1.06 Billion |
| CAGR (2024 - 2029) | 10.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Surveillance Camera Market Analysis
The Canada Surveillance Camera Market size is estimated at USD 0.6 billion in 2024, and is expected to reach USD 1.06 billion by 2029, growing at a CAGR of 10.10% during the forecast period (2024-2029).
- Canadian surveillance camera market has seen consistent growth in recent years, propelled by mounting security apprehensions, technological strides, and a surge in smart city initiatives. Notably, the Canadian federal government initiated the Smart Cities Challenge years ago so municipalities could showcase the most innovative use of technology to enhance urban life.
- Canada is witnessing a surge in crime rates, propelling a heightened demand for surveillance cameras. The country's Violent Crime Severity Index, not seen at these levels in decades, is a stark indicator. Alarming statistics reveal that the homicide rate has peaked at a 30-year high, while incidents of sexual assault are at their highest in decades. Furthermore, data from Statistics Canada underscore a concerning trend: firearms-related violent crimes have been steadily climbing, reaching a pinnacle in 2024, the highest recorded since data collection began in 2009.
- Innovations in camera technology, such as high-definition video, night vision, artificial intelligence, and the IoT, have made surveillance more effective and accessible. These products are accessible through websites such as Secomart, which offers a range of security camera systems and supporting technologies. Others include Lorex, Canadian Security Professionals, Aartech Canada, Sonitrol, and many more. These websites offer transparent prices and are easy to access, which, in turn, drives the market.
- Canadian regulations mandate surveillance systems in specific public and commercial spaces to enhance security. While privacy concerns exist, regulatory frameworks are being developed to balance surveillance needs with individual privacy rights.
- Businesses increasingly turn to surveillance systems to bolster workplace safety, oversee employee activities, and curb internal theft and misconduct. Government policies further bolstered this trend, advocating for the use of security cameras in residential and commercial settings. Take, for example, Manitoba in Canada, which is rolling out a rebate program offering CAD 300 (USD 220) for home business security equipment. This initiative, set to launch in September 2024, covers a range of security essentials, from cameras to alarms and motion detectors.
- Surveillance system adoption is poised for growth in key sectors like healthcare, education, and retail, driven by organizations' shared recognition of bolstered security and operational intelligence benefits. Notably, the retail industry is a frontrunner in embracing AI-equipped surveillance cameras.
- While challenges persist, including public concerns over privacy and the ongoing debate on balancing security with individual rights, the sector faces mounting cybersecurity threats. As surveillance systems become more interconnected, they are at a higher risk of cyberattacks, jeopardizing security and privacy. However, despite these hurdles, the market is set for substantial growth, propelled by the convergence of technological advancements and heightened security demands.
Canada Surveillance Camera Market Trends
IP-based Surveillance Cameras Growing at a Significant Rate
- In the Canadian market, IP-based surveillance cameras, which transmit video data over the Internet, are eclipsing traditional analog systems. Their dominance is driven by advanced features, high resolutions, and adaptability, resonating with a security-conscious market undergoing technological advancements and increasing sector-wide adoption.
- These cameras offer HD and UHD video quality and surpass their analog counterparts with sharper, more detailed imagery. IP cameras are functional and user-friendly, with features like remote access, digital zoom, and seamless integration with security systems. Their standout feature lies in their scalability, allowing system expansions without significant infrastructure overhauls.
- The rise of smart home technology and IoT has driven demand for IP cameras, which seamlessly integrate into comprehensive home security and automation systems. Despite a potentially higher upfront cost, IP cameras offer long-term savings due to their straightforward installation, reduced cabling needs, and lower maintenance requirements.
- Businesses are pivoting towards IP-based security cameras equipped with video analytics. This move bolsters real-time situational awareness and security and provides crucial operational insights. As analytics take center stage, introducing 4K resolution cameras enables providers to incorporate advanced functionalities into their software.
- Artificial intelligence (AI) is a prominent trend, enhancing features such as facial recognition, behavior analysis, and automated alerts. Businesses, particularly those focused on future-proofing, are increasingly adopting AI-driven surveillance systems. Furthermore, law enforcement authorities increasingly use facial recognition technology to combat crime. These systems, a subset of biometric technology, leverage AI to match images or videos of individuals' faces—often sourced from security cameras—with their records in databases.
- For instance, in May 2024, York and Peel Police in Ontario said they had begun implementing facial recognition technology provided by the multinational French company Idemia. Although there have been questions about privacy laws and the government's unauthorized use of this technology, there is an increasing trend toward adopting these high-tech cameras for security reasons.
- With the number of instances of traffic violations continuing to remain significant, the outlook towards surveillance cameras is anticipated to remain positive in several regions of Canada. For instance, according to Intersection safety camera (ISC) violation data of British Colombia, in 2023, about 80,647 instances of red light signal violation were reported, compared to 74,771 in 2022.
Retail Sector to Witness Significant Growth in Demand
- Canada's retail sector, a cornerstone of its economy, boasts annual revenues in the hundreds of billions. It stands as the nation's largest private-sector employer. In 2023, retail sales in Canada, as reported by Statistics Canada, hit the USD 580 billion mark. The total retail sales of supermarkets and other grocery stores in the country also increased, with December 2023 only recording about USD 6.59 billion.
- However, the Canadian retail landscape grapples with a persistent challenge: theft and shoplifting. These crimes threaten retailers' bottom lines and the safety of their staff and customers. To combat this, many retailers are turning to surveillance cameras for deterrence and as crucial tools for evidence collection and prosecution. The Retail Council of Canada underscores the severity of the issue, estimating annual losses in the billions due to shoplifting.
- Theft, often misconstrued as a victimless act, significantly impacts Canadian retailers, translating to billions in annual losses. These costs inevitably get passed on to consumers. Beyond financial concerns, business owners grapple with the safety of both their patrons and staff. Notably, shoplifting is rising, spanning various sectors, from food to apparel and footwear.
- Compounding this issue, a troubling pattern emerges a surge in repeat offenders, instances of violence, and the emergence of organized retail crime syndicates. Retailers, as per the Retail Council of Canada (RCC), have witnessed a significant uptick in retail thefts involving violence over the last four years.
- Security suppliers such as Sonitrol, 3SI Security, Alliance Security Group, and UTS are a few of many names that offer overall and end-to-end retail surveillance security solutions. As retailers strive to provide a secure and efficient shopping environment, the adoption of sophisticated surveillance systems is expected to rise. This trend is expected to drive the growth of the surveillance camera market in Canada, although it has specific limitations due to privacy concerns.
Canada Surveillance Camera Industry Overview
The Canadian surveillance camera market is fragmented, with major domestic and international players competing by offering technologically advanced products. The market features a wide range of manufacturers offering advanced technologies and solutions. Chinese manufacturers are major contenders and provide tough competition. Many global and domestic companies compete in the market, offering various surveillance camera types. Some key market vendors include Axis Communications, Hikvision, Dahua Technology, and Hanhua Vision.
- May 2024 - The Caledon police have initiated a security camera registry, CAMSafe, to expedite crime-solving efforts. This registry compiles residential and commercial addresses and is equipped with security cameras, CCTV, and doorbell systems.
- March 2024 - York police have unveiled a new initiative: a CCTV installation program to bolster public safety and aid investigations. Under this program, dubbed the Closed-Circuit Television (CCTV) Community Camera Program, cameras will be strategically positioned at ten sites, notably at busy intersections in Vaughan, Richmond Hill, Markham, Newmarket, and Aurora. Law enforcement plans to passively monitor the footage, utilizing it to address reported criminal activities. Notably, the footage will be stored for a maximum of 72 hours unless required for ongoing investigations.
Canada Surveillance Camera Market Leaders
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Axis Communications AB
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Hanwha Vision
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Dahua Technology
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Bosch Sicherheitssysteme GmbH
*Disclaimer: Major Players sorted in no particular order
Canada Surveillance Camera Market News
- March 2024 - In response to a fatal assault on a downtown businessman, Owen Sound is initiating a video camera pilot project in the River District. The city council has recently greenlit the initiative, slated to roll out in two phases, with a total of 17 cameras set to be installed in the downtown area.
- March 2024 - World Guardian Security Services, a prominent player in cybersecurity, introduced a new service - CCTV camera installations. This move bolsters its existing suite of offerings, aligning with its goal to offer clients a holistic security approach, blending physical and digital solutions. Such developments are expected to promote the adoption of surveillance cameras in Canada.
Canada Surveillance Camera Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 An Assessment of Impact of Macroeconomic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Instances of Traffic Violations
5.1.2 The Increasing Number of Commercial Establishments in the Country Drives the Deamnd for Surveillance Cameras
5.2 Market Restraints
5.2.1 Public Concern Over Privacy Invasion And Data Misuse
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Analog-based
6.1.2 IP-based
6.2 By End-User Industry
6.2.1 Government
6.2.2 Banking
6.2.3 Healthcare
6.2.4 Transportation & Logistics
6.2.5 Industrial
6.2.6 Others
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Axis Communications AB
7.1.2 Hangzhou Hikvision Digital Technology Co., Ltd.
7.1.3 Hanwha Vision America
7.1.4 Dahua Technology
7.1.5 Bosch Sicherheitssysteme GmbH
7.1.6 Pelco
7.1.7 Avigilon Corporation (Motorola Solutions Inc.)
7.1.8 Vivotek Inc.
7.1.9 Teledyne FLIR (Teledyne Technologies)
7.1.10 Zhejiang Uniview Technologies Co.,Ltd.
7.1.11 IDIS Ltd.
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Canada Surveillance Camera Industry Segmentation
Surveillance cameras capture and record video footage for security and monitoring. They are used in public spaces, businesses, and homes to deter crime and enhance safety. The study tracks the revenue accrued through the sale of surveillance camera products by various players operating in Canada as the baseline for market estimations. The study 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 Canadian surveillance camera market is segmented by type (analog-based, IP-based) and end-user industry (government, banking, healthcare, transportation and logistics, and industrial). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Analog-based | |
| IP-based |
| By End-User Industry | |
| Government | |
| Banking | |
| Healthcare | |
| Transportation & Logistics | |
| Industrial | |
| Others |
Canada Surveillance Camera Market Research FAQs
How big is the Canada Surveillance Camera Market?
The Canada Surveillance Camera Market size is expected to reach USD 0.6 billion in 2024 and grow at a CAGR of 10.10% to reach USD 1.06 billion by 2029.
What is the current Canada Surveillance Camera Market size?
In 2024, the Canada Surveillance Camera Market size is expected to reach USD 0.6 billion.
Who are the key players in Canada Surveillance Camera Market?
Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Vision, Dahua Technology and Bosch Sicherheitssysteme GmbH are the major companies operating in the Canada Surveillance Camera Market.
What years does this Canada Surveillance Camera Market cover, and what was the market size in 2023?
In 2023, the Canada Surveillance Camera Market size was estimated at USD 0.54 billion. The report covers the Canada Surveillance Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Surveillance Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Surveillance Camera Industry Report
Statistics for the 2024 Canada Surveillance Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Surveillance Camera analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Canada Surveillance Camera Market Report Snapshots
