by Corinne Gangloff
August 23, 2017
Demand for security cameras is projected to increase 7.2% annually through 2021 to $2.8 billion. Gains will result from a variety of factors that support replacement demand and sales of higher value, upgraded versions, including:
These and other trends are presented in Video Surveillance Equipment Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
In 2016, dome cameras accounted for the largest share of video surveillance camera demand with 42%. Sales of these products have benefited from developments over the past decade, such as increased durability and higher resolutions. This has allowed for broader use of dome cameras in both indoor and outdoor applications. Dome camera sales have also gained from the rising use of cameras indoors, where these constructions are still highly popular due to their discreet appearance.
Through 2021, sales of all video surveillance products are projected to increase 5.6% annually to $4.9 billion. Growth will be driven by the increasing affordability of feature-rich systems that incorporate enhanced capabilities, which will work to expand the base of end users that choose to install video surveillance systems and spur replacement and upgrade demand among existing users.
Video Surveillance Equipment Market in the US (published 08/2017, 126 pages) is available for $4900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].
Related studies include:
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