CCTV Camera Market – Dome Cameras to Grow at Healthy Clip due to Investments
Posted On: 2018-05-17 10:15:08 ; Read: 4 time(s)
The global CCTV camera market is witnessing a wave of consolidation on account of mergers and acquisitions. Another noticeable pattern in the market is the high concentration of manufacturers in the U.S. and Asia Pacific. Most of them are pouring money into development of new and better products to outgun their competitors.
Some of the prominent participants in the global CCTV camera market are Axis Communications AB, Bosch Security Systems, Inc., Geovision Inc, Hangzhou Hikvision Digital Technology Co Ltd, Hanwha Techwin Co. Ltd, Honeywell International Inc., Panosonic System Network Co. Limited, Pelco Inc, Toshiba Corporation, and Zhejiang Dahau Technology Co. Ltd.
As per a report by Transparency Market Research, the global CCTV camera market is slated to expand at robust 12.7% CAGR during the period between 2017 and 2025 to become worth US$23.32 bn by 2025.
Depending upon the type of model, the global CCTV camera market can be segmented into PTZ camera, box camera, dome camera, bullet camera, etc. Of them, the segment of dome camera leads the market and in 2016 its leading share came to about 45% share in 2016. The segment is expected to grow at a healthy clip in the years ahead as well on account of the investments in its technology.
source taken from cmfe
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