Analog Security Camera Market Analysis

Based on camera type, the market is segmented into dome cameras, bullet cameras, box cameras, Pan-Tilt-Zoom (PTZ) cameras, 360-degree cameras, thermal cameras, and others. The thermal cameras segment is the fastest growing segment and is set to expand at a CAGR of over 11% between 2024 and 2032.

• The use of AI-based technology has increased in almost every domain. Thermal cameras use features of AI and enable advanced analytics and automation capabilities. By leveraging AI algorithms, these cameras are becoming useful to identify and analyze temperature variations in real-time, allowing for proactive maintenance, early detection of equipment malfunctions, and prevention of potential safety hazards. This enhances operational efficiency and reduces downtime, leading to cost savings for businesses.

   

• For instance, in February 2024, Hanwha Vision, a global vision solution provider, launched its AI-based high-performance radiometric thermal camera range. These compact cameras meet the needs of customers requiring precise temperature measurements, from -40°C to 550°C, in addition to security and surveillance functions, making them ideal for industrial applications (manufacturing, utilities, and energy) as well as airports, shipping, and mining industries.

Based on resolution, the analog security camera market is divided into Standard Definition (SD), High Definition (HD), and Ultra-High Definition (UHD). The High Definition (HD) segment dominated the market with a share of over 55% in 2023.

• Within the HD segment, there is a trend toward higher resolutions such as 720p (HD), 1080p (Full HD), and even higher. As technology advances, surveillance cameras are becoming more capable of capturing sharper and more detailed images, enhancing overall video quality and allowing for better identification of objects and individuals. For instance, in April 2024, Hikvision announced the latest generation of its Turbo HD range of analog security products. Turbo HD 8.0 delivers a more comprehensive & interactive security experience for users, enabling them to augment their visual security environment.

The North America analog security camera market size is projected to witness 9.5% CAGR from 2024 to 2032. This surge in demand can be attributed to several key factors, driving the adoption of analog security cameras across diverse industries. Many establishments in Asia Pacific already have analog CCTV systems in place. The compatibility of analog security cameras with existing coaxial cable infrastructure simplifies the upgrade process, allowing businesses to transition to higher-resolution analog cameras without the need for costly rewiring or infrastructure upgrades.

Analog security cameras remain a popular choice due to their proven track record of performance and reliability despite the emergence of digital and IP-based surveillance systems. Businesses and consumers in North America trust analog cameras for their surveillance needs, especially in critical applications where reliability is paramount.