Closed-circuit Television (CCTV) transmits signals to a particular system. The increasing demand for high-security and rising safety concerns in the residential and commercial sectors is expected to propel growth. Business Research Insights states that the Closed-circuit Television (CCTV) market size was USD 28,197 in 2019 and is expected to reach USD 54,738 by 2025 at a CAGR of 11.69% during the forecast period.
Unavailability of Semiconductor Chipsets Hampered Industrial Growth
The COVID-19 pandemic had a negative impact on the Closed-circuit Television (CCTV) industry due to lack of raw material supply and halted production & manufacturing units. Also, the production rate was reduced due to the unavailability of semiconductor chipsets, which hampered industrial growth during the pandemic period. Furthermore, governments imposed strict restrictions on the workforce to work at 50% capacity to avoid spreading viruses. These factors hampered the overall performance of companies manufacturing Closed-circuit Television (CCTV).
Below Mentioned are the Profiles of 10 Leading Closed-circuit Television (CCTV)Companies.
1. Johnson Controls
Johnson Controls is an American multinational company established in 1885 and is headquartered in Ireland. The company focuses on producing high-quality fire, HVAC, and security equipment for buildings. Johnson Controls serves commercial as well as residential sectors with its surveillance systems.
2. Dahua Technology
Dahua Technology Co. Ltd. is a partially state-owned publicly traded company headquartered in Hangzhou, China. The company was established in 2001 and is now known globally for its high security and surveillance products and services. The company manufactures and sells various products such as network cameras, HDCVI cameras, HDCVI recorders, and others.
3. Bosch
Bosch is a German-based multinational company specializing in engineering and technology services. The company was established in 1886 and is headquartered in Gerlingen, Germany. Bosch manufactures technology-based products, which include security and surveillance systems. These systems are highly used in the commercial, residential, and industrial sectors.
4. ADT Security Services
ADT Security Services is an American company headquartered in Florida, U.S. The company was established in August 1874 and is well-known for manufacturing and deploying residential, small, and large business electronic security, fire protection, and other related alarm monitoring services. The company holds various subsidiaries, which globalize the business.
5. Schneider Electric
Schneider Electric SE was established in 1836 and is headquartered in France. The company specializes in digital automation and energy management and provides security services for homes, buildings, data centers, infrastructure, and industries. These sectors are served by incorporating energy technologies, real-time automation, and software & services.
6. Hanwha Techwin
Hanwha Techwin is a subsidiary of Hanwha Group, with its headquarters in Changwon, South Korea. The company was established in 1977 and is now known globally. Hanwha Techwin manufactures and offers comprehensive security and video surveillance solutions, including IP cameras.
7. Sony Corporation
Sony Group Corporation is a Japanese multinational company headquartered in Tokyo, Japan. The company was established in May 1946. Sony focuses on developing and deploying high-end electronics and technology-based appliances. The company delivers its products globally.
8. Avigilon
Avigilon is a Canadian subsidiary of Motorola Solutions specializing in designing, developing, and manufacturing advanced AI, video analytics, network video management software & hardware, surveillance cameras, and access control products. The company was established in 2004 and is headquartered in Vancouver, Canada.
9. Panasonic
Panasonic is a Japanese multinational company established in 1918 and is headquartered in Osaka, Japan. The company manufactures and delivers high-quality electronic appliances, including security surveillance systems. Panasonic is a global brand as it delivers its products internationally.
10. Honeywell
Honeywell was established in 1906 and is headquartered in North Carolina, U.S. The company operates in four business verticals such as aerospace, building technologies, performance materials and technologies, and safety & productivity solutions.
Security & Surveillance Systems – A Necessity
Security and surveillance system is a necessity in the current era. The companies operating in the Closed-circuit Television (CCTV) industry adopt recent technologies to develop new systems. Industrial, residential, and commercial sectors are implementing several strategies to ensure growth in the coming years. The leading players work on different business verticals to understand customer demand and develop new systems accordingly.