PTZ Cameras Market Size, Share, Growth, and Industry Analysis by Type (HD PTZ Cameras, Full HD PTZ Cameras, UHD PTZ Cameras, SHD PTZ Cameras) By Application (Home, Broadcast TV, Video-Conferencing, House of Worship, Live Sports and Events, Educational Environment, Corporate Training, Large Auditoriums, Distance Learning), Regional Forecast To 2031

Updated On: 13 November 2023

PTZ Cameras Market REPORT OVERVIEW

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The global PTZ cameras market size was USD 1523.5 million in 2021 and is projected to touch USD 68096.51 million by 2031, exhibiting a CAGR of 13.5% during the forecast period.

PTZ cameras are Internet Protocol (IP) cameras that enable users to remotely manage the position and speed of the camera lens using software controls and an Internet connection from anywhere on the planet. The optical zoom capability allows you to focus on small details like license plates and features, which is anticipated to propel the PTZ market. These cameras have true auto focus and event management systems built in. The included mounting hardware can be used to install the camera on a flat surface. Furthermore, these cameras are used in a variety of video surveillance applications all around the world. During the projected period, the market is expected to grow at a stable rate.

The increasing usage of video surveillance systems for security purposes, as well as the rising demand for high-resolution cameras, are driving the growth of the global market. In addition, the increased demand for advanced features in PTZ IP Cameras, such as HD resolution and night vision, is fueling the market's growth. The growing awareness of the advantages of using cameras is also contributing to the market's rise.

COVID-19 Impact: Supply Chain Disruption and Lockdown Restrictions to Impede Market Progress

Due to enforced lockdowns and imposed limits by separate regulatory bodies in the wake of the recent COVID-19 outbreak, numerous industries' operations have either been temporarily halted or are operating with reduced personnel. This is no different in the global PTZ Camera market, and this aspect is expected to have a substantial negative impact on the industry's revenue growth. Furthermore, the high costs associated with the installation and maintenance of these equipment may limit the global PTZ Camera market growth over the forecast period.

LATEST TRENDS

"Use of Wireless System to Facilitate Industry Growth"

The expanding trend of VSAAS services and the use of wireless IP-based video surveillance are projected to drive demand for PTZ cameras in the near future. During the forecast period, this is projected to open up new opportunities for the global PTZ camera market. The market is being driven by rising awareness about safety and security across various end-use industries around the globe.

PTZ Cameras Market Segmentation

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• By Type Analysis

As per type, the market is classified into HD PTZ Cameras, Full HD PTZ Cameras, UHD PTZ Cameras, and SHD PTZ Cameras.

The HD segment is expected to lead the market as from a central position, these cameras are utilized to control and monitor enormous areas. The fundamental benefit of HD cameras is that they enable centralized recording, which can be accomplished with either software or hardware video encoders. These factors are likely to facilitate industry growth. 

• By Application Analysis

The market is categorized into home, broadcast TV, video conferencing, house of worship, live sports and events, educational environment, corporate training, large auditoriums, distance learning, and Others.

The corporate training segment is expected to lead because PTZ cameras are also employed in public and government infrastructure applications like city surveillance, traffic monitoring, and government building security. These cameras are frequently employed to capture detailed photographs of people or objects while providing a wide perspective of an area.

DRIVING FACTORS

"Rising Adoption of IP Cameras Over Analog to Facilitate Market Development"

Analog cameras were employed throughout the early stages of video surveillance. However, with the rising acceptance and usage of IP cameras, the market has changed. The quick move from analogue to IP cameras has changed the adoption of video surveillance solutions, allowing for crisper, higher-definition digital images and advances in video analytics and neural networks. IP cameras provide additional visual information because they transmit genuinely digital signals, making them better suited for facial recognition and recognizing license plate numbers. As manufacturing has increased, prices have decreased, and adoption has become more widespread. It is now feasible to identify unexpected and unattended objects or shipments, line crossing, path tracking, and other things using software solutions integrated into video monitoring.

"Technological Advancements to Foster Industry Progress"

The global PTZ camera market is growing due to technological improvements. To provide security against threats, shoplifting, and terrorism, 4K cameras and modern security camera technology are being implemented in various industries. The internet of things (IoT) is also playing a significant role in camera improvements, contributing to the global market's growth. Traditional analogue cameras are substantially less convenient than the newer digital ones. Digital video cameras with an Ethernet network connection and a web server are known as network cameras. All computers linked to a network can immediately see the digitally compressed footage from the camera.

RESTRAINING FACTORS

"Cyber Crime to Hinder Market Progress "

During the projected period, cyber security issues will be a major problem for the market. The protection of hardware and software against cyberattacks such as distributed denial-of-service (DDoS) attacks, malware attacks, and password attacks is known as cybersecurity. Ransomware, spyware, rootkits, riskware, trojans, worms, and viruses are all examples of malware attacks that can cause significant financial damage to enterprises. Firms must defend their systems, such as hardware and software, with firewalls, antiviruses, and malware protection solutions to avoid such cyberattacks. Cybercriminals are increasingly targeting IP-based and wireless cameras. Cyberattacks on internet-connected cameras are increasing, putting a damper on sales of IP-based systems and posing a huge problem for manufacturers.

PTZ Cameras Market REGIONAL INSIGHTS

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"Increasing Demand for High-Resolution Cameras to Foster Market Growth in North America"

North America is projected to dominate the PTZ camera market share because of the greatest market share in the region. The increasing usage of video surveillance systems for security purposes, and the rising need for high-resolution cameras, are driving this market forward.

Asia Pacific accounted for a sizable portion of the global PTZ camera market. Due to expanding awareness about the rising use of these cameras in diverse end-use industries such as transportation and military & defense, China and India occupy a substantial part of the market in Asia Pacific. The global market is also being driven by increased demand from the automobile industry. Furthermore, in the near future, advancements in border security monitoring equipment are expected to fuel the market. In addition, early acceptance of new advanced technologies such as wireless connectivity, megapixel cameras, and integrated analytics for transportation monitoring has resulted in a rise in the adoption and installation of these cameras across Asia Pacific's various sub-regions.

KEY INDUSTRY PLAYERS

"Companies Invest Heavily in Research and Development Activities to Improve Market Position"

Several important competitors in the global PTZ Camera market are concentrating their efforts on expanding their operations in emerging markets. Furthermore, firms in the Global PTZ Camera Market are developing product innovation and portfolio expansion strategies through investments and mergers and acquisitions. The report's in-depth supply chain research will help readers gain a deeper knowledge of the global PTZ camera market.

INDUSTRY DEVELOPMENT

D-Link announced several new additions to the mydlink product portfolio in January 2020. Mydlink's latest cameras have AI-powered edge-based human detection, enabling more personalized and intelligent automation and surveillance in every smart home. Furthermore, all current cameras include industry-standard 128-bit wireless encryption, built-in Bluetooth for speedier setup, cloud recording, and compatibility with the free mydlink app for remote viewing and management.

List of Market Players Profiled

• AXIS
• Hikvision
• FLIR
• Panasonic
• Wolfowitz
• Logitech
• Dahua Technology
• Canon
• Bosch Security Systems
• Honeywell
• Sony
• Vaddio
• Infinova
• YAAN
• Bolin Technology
• ACTi
• Pelco
• Videotec
• MOBOTIX
• Vicon
• Avonic
• Marshall
• CP PLUS 

REPORT COVERAGE

The report examines end-user applications in various product areas and the global market for network connected medical devices. The report observes the growth of various market segments by gathering significant data from relevant sources. In addition, the study explains the market size and growth rate of each sector. The study examines important geographic divisions and details all of the beneficial factors that are propelling market expansion. The research report inspects the key variables that are driving the market's growth. It generates trends, limitations, and impulses that influence the market favorably or badly. The numerous segments and applications are also discussed in this section.