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Hikvision and Dahua Technology held over 25% of the analog security camera industry share in 2023. Hikvision is a leading global provider of security and surveillance solutions, including analog security cameras. Founded in 2001 and headquartered in China, Hikvision has grown to become one of the largest manufacturers of video surveillance equipment in the world. The company offers a wide range of analog security cameras designed for various applications, from small-scale residential surveillance to large-scale commercial and industrial installations. Hikvision's analog camera lineup includes bullet cameras, dome cameras, Pan-Tilt-Zoom (PTZ) cameras, and specialty cameras with features such as night vision, Wide Dynamic Range (WDR), and thermal imaging.
In the analog security camera segment, Dahua has gained recognition for its high-quality, reliable cameras tailored to various surveillance needs. These cameras typically utilize analog technology, offering cost-effective solutions for businesses and organizations seeking to bolster their security infrastructure. Dahua emphasizes innovations and research, continually striving to enhance its products with the latest technological advancements. This commitment to innovation has helped the company stay at the forefront of the market, earning it a solid reputation among customers worldwide.
Major companies operating in the analog security camera industry are:
North America market size is anticipated to grow at 9.5% CAGR between 2024 and 2032, attributed to rising need for cost-effective solutions, easy installation, and increasing crime rates.
The high definition (HD) resolution segment accounted for over 55% share in 2023, due to their ability to high video quality and better identification of objects and individuals.
The thermal cameras segment in the analog security camera industry is estimated to depict over 11% CAGR between 2024 and 2032, as these cameras are useful to identify and analyze temperature variations in real-time.
The market size of analog security camera reached USD 15.43 billion in 2023 and is set to witness 9.7% CAGR from 2024 to 2032, owing to the increasing instances of theft, vandalism, and security breaches.