North America Surveillance Analog Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.06 Billion |
| Market Size (2029) | USD 4.15 Billion |
| CAGR (2024 - 2029) | 6.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Surveillance Analog Camera Market Analysis
The North America Surveillance Analog Camera Market size is estimated at USD 3.06 billion in 2024, and is expected to reach USD 4.15 billion by 2029, growing at a CAGR of 6.30% during the forecast period (2024-2029).
- The market share of analog surveillance cameras is dwindling, thanks to the swift progress in digital and IP camera technologies. Consumers and businesses are favoring IP cameras for their superior image quality, scalability, and advanced functionalities, including remote monitoring and seamless integration with other smart devices.
- Despite the declining demand for surveillance analog cameras in North America, there have been notable technological strides. For instance, high-definition analog variants like HD-TVI and HD-CVI deliver superior image quality, all while being compatible with existing coaxial cables, presenting a cost-effective upgrade path for current analog setups.
- Many small- to medium-sized enterprises and residential users find analog cameras to be a cost-effective solution. Their lower initial investment and simpler installation, in contrast to IP cameras, make them appealing to budget-conscious consumers. Notably, products like Lorex's 4K active deterrence analog security bullet cameras and 1080p HD outdoor CVI analog PTZ cameras are gaining traction.
- The surveillance industry, driven by stringent regulations on data privacy and security, favors analog cameras for their lower vulnerability to cyber threats compared to IP counterparts. Moreover, there is a rising preference for hybrid surveillance systems integrating both analog and IP cameras.
- Furthermore, the North American market has seen favorable growth conditions, supported by increased government investments in public safety. As per recent news, Canada is grappling with a surge in crime rates, fueling a growing need for surveillance cameras. The country's Violent Crime Severity Index, which is now at levels not seen since 2007, serves as a stark warning. Disturbingly, the homicide rate has hit a 30-year peak, and incidents of sexual assault are the highest since 1995. Additionally, Statistics Canada's data highlight a troubling trend: firearms-related violent crimes have been on a consistent rise, culminating in 2024, marking the highest levels since data collection began in 2009.
- The market faces a notable hurdle with the rising favor for IP cameras. Analog cameras, on the other hand, struggle to seamlessly integrate with contemporary digital surveillance systems and software. This issue is further exacerbated as businesses and consumers increasingly embrace smart tech and IoT devices.
- Although the broader trend leans toward digital and IP surveillance systems, the analog camera market in North America is poised to maintain a niche. This resilience can be attributed to factors such as cost-effectiveness and the demand for straightforward security solutions.
North America Surveillance Analog Camera Market Trends
Convenience and Cost Effectiveness Are Driving the Demand
- Small- and medium-sized enterprises (SMEs) frequently encounter budget limitations, prompting the need for cost-effective security measures. Analog cameras, with their lower upfront expenses in contrast to IP cameras, stand out as an attractive option for these enterprises. Furthermore, for SMEs that are currently using analog setups, the move to high-definition analog cameras is a more cost-effective upgrade than shifting to IP systems. This transition allows for enhanced security without a significant financial burden.
- Surveillance cameras are a key component of loss prevention for small businesses. These affordable cameras help deter theft and provide valuable evidence for investigations and prosecutions. According to a Forbes Advisor Small Business Insurance Survey of 660 respondents, which included small business owners, 21% reported theft occurring several times a week at their brick-and-mortar stores in the United States in 2023.
- Homeowners seeking cost-effective surveillance solutions often opt for analog cameras over pricier IP alternatives. Analog cameras strike a balance between strengthening home security and keeping expenses in check, owing to their affordability and simpler technology. This simplicity not only enhances security but also translates to lower maintenance and repair costs, amplifying their cost-effectiveness.
- For businesses and homeowners already equipped with coaxial cable systems, transitioning to high-definition analog cameras is a seamless process. This transition eliminates the necessity for new wiring investments, cutting down on upgrade expenses. Moreover, in a fiercely competitive market, this shift not only drives down costs but also results in more competitive pricing and enticing discounts, further boosting the demand for analog cameras.
- Technological advancements have spurred the creation of high-definition analog cameras, offering superior image quality at competitive prices. These innovations have notably boosted analog cameras' performance in low-light settings, amplifying their security capabilities without a substantial cost hike, thus sustaining market demand.
The Retail Sector is One of the Major End User of Surveillance Analog Cameras
- Small- and medium-sized retailers, typically operating on tight budgets, opt for analog cameras. These cameras present a budget-friendly option compared to IP cameras, allowing businesses to establish surveillance systems without significant initial investments.
- As per the US National Retail Federation, retail crime has resulted in losses surpassing USD 100 billion. In a 2023 NRF survey, 52% of retailers planned to increase their technology and software budgets. CCTV, video surveillance, and advanced or integrated CCTV systems are among the top security measures favored by retailers.
- Retailers are grappling with a rise in repeat offenders, escalating violence, and organized retail crime syndicates. The Retail Council of Canada (RCC) has reported a 300% surge in retail thefts involving violence over the past four years.
- Canada's retail sector, a key part of the nation's economy, makes hundreds of billions in revenue each year. It stands as Canada's primary private-sector employer, offering jobs to over 2.3 million Canadians and contributing more than USD 60 billion in wages and benefits. In 2023, retail sales in Canada hit USD 500 billion, with December sales alone reaching USD 48.31 billion, marking a significant increase from previous years, as per Statistics Canada.
- Many retail stores are upgrading from analog to high-definition analog cameras. This transition boosts video quality and uses existing coaxial cables, avoiding costly rewiring. High-definition analog technologies enhance image quality, enabling retailers to capture clearer footage. This clarity is crucial for identifying shoplifters and improving security. The rise in surveillance camera installations is driven by the need to combat theft, shoplifting, and internal fraud. Retailers are expanding surveillance to include parking lots, ensuring the safety of customers and staff.
- According to NRF projections, retail sales in 2024 are set to grow between 2.5% and 3.5%, with figures ranging from USD 5.23 trillion to USD 5.28 trillion in the United States. While this growth rate is slightly lower than the 3.6% seen in 2023, it closely mirrors the pre-pandemic 10-year average. The anticipated uptick in retail sales, coupled with the increasing adoption of advanced surveillance cameras, sets a promising trajectory for the market.
North America Surveillance Analog Camera Industry Overview
The North American surveillance analog 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 various 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 and integration services.
- April 2024: BearCom announced the acquisition of The Surveillance Shop ("TSS"), a leading Canadian commercial security integrator. Founded in 1999 and headquartered in Calgary, TSS provides standalone and fully integrated security solutions for small, medium, and enterprise customers across Canada and the United States. TSS's core product offerings include security camera systems, intrusion alarms, access control and intercom systems, perimeter security, and land mobile radios. This acquisition accelerates BearCom's vision of providing comprehensive solutions to meet customers' needs across mission-critical voice, security, and data solutions.
- October 2023: Bosch Building Technologies announced a strategic realignment, revealing plans to divest most of its product divisions, including video surveillance, access control, intrusion detection, and communications. The company will, however, retain its fire alarm business.
North America Surveillance Analog Camera Market Leaders
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Pelco
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Eagle Eye Networks
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Axis Communications AB
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Johnson Controls Inc
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Bosch Sicherheitssysteme GmbH
*Disclaimer: Major Players sorted in no particular order
North America Surveillance Analog Camera Market News
- October 2023: Hikvision unveiled the ColorVu Fixed Turret (DS-2CE70DF0T-MF) and Bullet (DS-2CE10DF0T-F) Cameras, the first of their kind to feature an F1.0 aperture. These 2 MP analog cameras deliver top-notch, full-color imaging 24/7, support HD over analog cabling for seamless upgrades, and come equipped with 3D Digital Noise Reduction (DNR) technology. Notably, the ColorVu Cameras sport an impressive F1.0 aperture, ensuring vibrant color even in dimly lit environments. The inclusion of 3D DNR technology enhances image clarity, effectively minimizing interference and noise. Additionally, boasting a white light distance of up to 65 feet, these cameras excel at capturing bright and detailed night scenes, leaving no corner in the dark unnoticed.
- July 2023: Hikvision, a global manufacturer and supplier of security products and solutions, announced a pair of new 5 MP ColorVu TurboHD camera models to bolster its HD over analog products. The new 5 MP Non-Distorted ColorVu Audio Fixed Mini Bullet (DS-2CE10KF0T-FS) and the 5 MP Non-Distorted ColorVu Audio Fixed Turret (DS-2CE70KF0T-MFS0) cameras deliver high-definition imagery and 24/7 full-color visuals for the ultimate viewing experience.
North America Surveillance Analog 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 Cost Effectiveness and Affordability
5.1.2 Utilization of Existing Infrastructure
5.2 Market Restraints
5.2.1 Technological Limitation
6. MARKET SEGMENTATION
6.1 By End-user Industry
6.1.1 Government
6.1.2 Banking
6.1.3 Healthcare
6.1.4 Transportation and Logistics
6.1.5 Industrial
6.1.6 Others
6.2 By Country
6.2.1 United States
6.2.2 Canada
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Johnson Controls Inc.
7.1.2 Bosch Sicherheitssysteme GmbH
7.1.3 Pelco
7.1.4 Axis Communications AB
7.1.5 Eagle Eye Networks
7.1.6 Hangzhou Hikvision Digital Technology Co. Ltd
7.1.7 Panasonic Corporation
7.1.8 Hanwha Vision America
7.1.9 Dahua Technology Co. Ltd
7.1.10 Zhejiang Uniview Technologies Co. Ltd
7.1.11 IDIS Ltd.
7.1.12 ACTi Corporation
7.1.13 Teledyne FLIR LLC
7.1.14 Honeywell International Inc.
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
North America 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. While they offer cost-effective solutions for basic security needs, analog cameras generally provide lower resolution compared to digital or IP cameras and have limited integration capabilities with advanced surveillance technologies.
The study tracks the revenue accrued through the sale of surveillance analog camera products by various players operating in North America. 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 study further analyzes the overall impact of macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The North American surveillance analog camera market is segmented by end-user industry (government, banking, healthcare, transportation and logistics, industrial, and others) and by country (the United States and Canada). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By End-user Industry | |
| Government | |
| Banking | |
| Healthcare | |
| Transportation and Logistics | |
| Industrial | |
| Others |
| By Country | |
| United States | |
| Canada |
North America Surveillance Analog Camera Market Research FAQs
How big is the North America Surveillance Analog Camera Market?
The North America Surveillance Analog Camera Market size is expected to reach USD 3.06 billion in 2024 and grow at a CAGR of 6.30% to reach USD 4.15 billion by 2029.
What is the current North America Surveillance Analog Camera Market size?
In 2024, the North America Surveillance Analog Camera Market size is expected to reach USD 3.06 billion.
Who are the key players in North America Surveillance Analog Camera Market?
Pelco, Eagle Eye Networks, Axis Communications AB, Johnson Controls Inc and Bosch Sicherheitssysteme GmbH are the major companies operating in the North America Surveillance Analog Camera Market.
What years does this North America Surveillance Analog Camera Market cover, and what was the market size in 2023?
In 2023, the North America Surveillance Analog Camera Market size was estimated at USD 2.87 billion. The report covers the North America Surveillance Analog Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Surveillance Analog Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Surveillance Analog Camera Industry Report
Statistics for the 2024 North America Surveillance Analog Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Surveillance Analog 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.
North America Surveillance Analog Camera Market Report Snapshots
