Overview | Market Share | Trends & Headlines | Key Players

Overview Market Share

Companies occupying the $3.0 billion CCTV market design and manufacture closed-circuit television systems to monitor and record activities from a distance. Such systems may be used to make access decisions, to monitor after-hours activities at a plant or to improve safety in a parking garage. Use of numerous CCTV cameras throughout a facility makes it possible for one person to observe many key locations from a central control room with a bank of video monitors.

The current digital revolution is producing a wide array of new CCTV products and systems that facilitate the monitoring process. The shift to digital is expected to improve the convenience and economics of recording equipment, expand the multi-functionality of peripheral devices, enable video images to be transmitted over telephone lines in real time and define video imagery to a level that minimizes false alarms. The result is application versatility that has expanded CCTV's user base to application outlets that were formerly only spot users of CCTV equipment.

Trends & Headlines

The CCTV market is expected to grow at 8% per annum.

According to a study by Access Control and Security Systems, CCTV was ranked as the most likely industry to receive increased spending from end-users.

New technologies are changing the way CCTV is being used in the marketplace. Advances in digital technologies and software applications have extended the scope of the digital CCTV segment.

  • As fiber optics, DSL and cable modems become more widely used, high bandwidth highways have become available for digital video transmission opportunities
  • Strong digital CCTV capabilities are now essential for security companies
  • Although analog systems do not offer the same extensive benefits that the new digital systems offer, manufacturers of analog systems are introducing more technologically advanced systems
  • From 2000 to 2002, the industry witnessed a massive shift away from the use of analog video surveillance products to digital surveillance products and it is further expected that within the next 7 years, digital systems will likely fully replace analog systems

Digital surveillance technology has become a staple for integrated security system networks. Over 90% of new security system implementations include digital surveillance technologies, and as technologies continue to improve, this percentage should rise.
Key Players
  • Hitachi
  • Honeywell
  • Panasonic
  • Pelco
  • Bosch
  • Tyco
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