10 Helpful Surveillance Camera Market Statistics in 2024

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In the 1940s, the military employed the first closed-circuit television (CCTV) system for monitoring. Since then, society has found alternative uses and functions for this security and surveillance technology. 

The top CCTV production company, Hikvision, made $3.5 billion in revenue for surveillance technology in 2015. Recent statistics show that the company has tripled its revenue over the past seven years, garnering $11.6 billion. However, Hikvision is only one of the many companies transforming the surveillance camera market in 2023. 

This article is for those curious about the surveillance camera market. Below are several statistics surrounding the security camera market size and growth, CCTV camera usage, and its user demographic.

Editor’s Choice

  • The global CCTV market grows at 16.8% CAGR for 2022–2029.
  • North America uses the most CCTVs worldwide, with a market share of 28.5%. 
  • The worldwide surveillance camera count goes up to 1 billion.
  • 98.8 million households use smart home surveillance cameras.
  • China is titled the most surveilled country globally, with 200 million CCTVs.
  • America has the highest number of CCTV cameras per capita at 15.28.
  • The UK is 3rd most surveilled country in the world, with 628,975 cameras.
  • China dominates the CCTV camera market by 60%.
  • The U.S. video CCTV market is the second largest at $8.29 billion. 
  • The Japanese CCTV camera market is worth $403 million.

How Many Surveillance Cameras Are Sold Yearly?

The versatility of security cameras has piqued public interest. This pushed the market to expand and innovate higher-quality surveillance cameras to offer more variations in the market. 

Catering to such a competitive scene, Hikvision sells about 98 million cameras every year across the globe, 12% of which go to the North American market. With many other companies in the surveillance camera market, its value grew to about $35.4 billion in 2022, with a projected value of $105.2 billion by 2029. 

Let’s break down the statistics surrounding the usage, market size, and impact of surveillance cameras in 2023. 

Surveillance Camera Sales Statistics

As CCTVs grow past their initial ‘security’ function and offer more features in the market, sales have also increased. In 2020, the global surveillance camera market was worth $20 billion. Statistics establish a $15.4 billion increase in two years. 

Small businesses rely on surveillance cameras to maintain orderliness, security, and proper business management. However, CCTV cameras aren’t enough to maintain SMEs securely, as 43% of small businesses are prone to data breaches and theft. 

Here are more statistics about the market’s most-sold CCTV camera type and growth rate.

1. Global CCTV market grows at 16.8% CAGR for 2022-2029.

(Fortune Business Insights, Market Research Future)

With CCTV production companies like Hikvision, Dahua, Axis, and Hanwha Techwin dominating the scene, the global surveillance camera market exceeds the forecasted 11.9% CAGR in 2021, garnering a current CAGR of 16.8% for the next six years. 

Improvements in CCTVs occurred through feats like motion sensors, artificial intelligence (AI) trends, and Internet of Things (IoT) systems. Highlighting convenience and security on their list of things to offer, the surveillance camera market will continue to be a lucrative business point in the next six years. 

2. IP cameras account for up to 40% of the market shares

(Globe Newswire) 

Regarding convenience, internet protocol (IP) camera systems dominate the CCTV market with 40% shares. An alternative to IP cameras is widely known as analog cameras, which store video footage on external storage devices like VCRs and DVRs. 

IP cameras offer live feed and security, while analog cameras offer convenience and accessibility. IP networks and cloud connectivity are accessible across platforms and devices, favoring them in the market. Analysts predict a sharp decline in analog security cameras within the next four years.

These surveillance cameras can also connect through virtual private networks, allowing users to bypass certain internet connections or tracking systems, which is helpful for users who want to access their CCTV remotely. 

3. Dome cameras are the most popular CCTV type at 33.8% – with Wedge cameras as the least popular (1.7%). 

(JVSG) 

Statistics found that dome-type CCTV cameras are the most popular in the market for their ability to monitor areas at wide angles. However, consumers have preferences regarding CCTVs, depending on their needs.

See the table below for more details on the market’s ranking of different CCTV cameras. 

Camera TypePopularity
Dome cameras33.8%
Bullet cameras18.6%
Box-Type cameras11.5%
PTZ (pan-tilt-zoom) cameras6.8%
Fisheye cameras4.6%
Multisensor cameras 2.9%
Wedge-Type cameras 1.7%

In general, sales for CCTV camera systems favor camera types that offer discreet but high-quality monitoring both indoors and outdoors.  

4. North America uses the most CCTVs worldwide, with a market share of 28.5%.  

(Market Research Future, Persistence Market Research)

Asian companies like Hikhvision and Dahua dominating the market doesn’t make the CCTV scene less prevalent in the West. Statistics show that North America uses the most CCTVs and carries the highest market shares for the CCTV market worldwide. 

Owning 28.5% of market shares, North American countries, primarily the United States and Canada, use security cameras to combat road rage incidents, monitor traffic, prevent vandalism, and address other public security concerns. 

Europe comes in second at 18.3% while also using IP cameras to maintain a cloud network for law enforcement and surveillance. 

Surveillance Camera Usage Statistics 

There were about 770 million surveillance cameras in the world in 2019. Today, statistics show that the number has increased by 3.35%, with a broader reach. 

Despite this increase, many Americans are still skeptical of surveillance cameras, as 64% have little faith in the government regarding their privacy and internet use. 

Check out the statistics to see how the usage of surveillance cameras has increased and diversified in the last four years. 

5. Worldwide surveillance camera count goes up to 1 billion.

(Visual Capitalist, Safe Home)

After years of market expansion and innovation, the global count of surveillance cameras used in urban cities has increased to 1 billion. However, this number only accounts for CCTV cameras used in law enforcement, traffic management, and public security management. 

However, this is not to say that homeowners don’t turn to security and surveillance technology for personal use. Data also shows that 38% of all Americans own a home security product. 

A breakdown of the numbers showed that CCTV cameras and doorbells with surveillance cameras are the most popular (18.2%), and smart locks (6.8%) are the least used security tool. Other security tools are professional and self-monitored security systems, firearms, and pets. 

6. 98.8 million Households use Smart Home Surveillance Cameras. 

(Statista)

The CCTV industry has come a long way since smart home surveillance camera systems from the early 2000s. 

The recent integration of AI, facial recognition, and motion sensors has made smart home camera systems an even bigger hit, with almost 98.8 million households worldwide using them. This number will double by 2027 to about 180.7 million households. 

7. Surveillance cameras have been used in criminal investigations 112,000 times.

(Privacy SOS, Optics Mag)

Surveillance camera systems were used 112,000 times in criminal investigations in the UK, contributing to an 8% additional success rate. While studies pursue the effectiveness of CCTVs in lowering crime rates, government agencies like the British Home Office and the US Department of Homeland Security continue prioritizing their budgets for security cameras.  

The use of CCTV cameras is primarily studied in cities like Chicago, Baltimore, New York City, and Seoul, focusing on law enforcement, crime prevention, and anti-terrorism campaigns. 

Other than investigations, cybercriminals who hack surveillance systems and information criminals also earn a yearly revenue of $1.1 million. This includes identity theft, the black market of personal information, and access to surveillance videos for blackmail. 

Surveillance Camera User Demographic

The use of surveillance cameras in countries worldwide continues to increase as the industry grows. Recent data shows that Taiwan has 1 camera for every 5.5 citizens.

Ireland comes close with one camera for every 6.5 citizens, and Singapore has one camera for every 7.1 citizens. However, the surveillance camera market’s growth rate continues to vary by country. 

Here are the demographics surrounding the usage of surveillance cameras in identified leading countries. 

8. China is titled the most surveilled country globally, with 200 million CCTVs.

(Earth Web)

As a highly populated country, China has become the most surveilled country globally, with 200 million cameras. According to statistics, 14.3 cameras watch every 100 Chinese individuals at any time, primarily to help maintain public order and implement traffic rules.

However, this data focuses on urban cities like Taiyuan, Wuxi, Changsha, and Beijing. The number will increase as statistics include surveillance technology used in rural areas (about 45% of the land area). 

9. America has the highest number of CCTV cameras per capita at 15.28. 

(Earth Web, Deep Sentinel)

The US has the highest number of surveillance cameras per capita, at 15.28 devices per 100 Americans. Data shows that Americans primarily use CCTVs to ensure perimeter and logistics security, healthcare monitoring, and law enforcement. 

According to statistics from Deep Sentinel, the average working American is caught on CCTV cameras 238 times a week or 38 times a day. Dashcam and traffic surveillance cameras top the list (160 times), followed by infrastructural cameras (40 times), public area CCTVs (24 times), and neighborhood home security cameras (14 times). 

These numbers demonstrate the strong presence of security and surveillance technology around the globe – most especially in large countries like the U.S. 

10. The UK is 3rd most surveilled country in the world, with 628,975 cameras.

(Tool Tester)

The UK ranks as the third most surveilled country, with 628,975 cameras in its 16 major cities. With 6 million cameras and about 618 CCTVs watching every 10,000 people, surveillance cameras prove most advantageous to the UK for traffic monitoring, crime prevention, home and business security, and industrial use. 

Statistics put London as the third most surveilled city worldwide—the only one in the Western Hemisphere. 

Surveillance Camera Market Size Per Country

Statistics expect the surveillance camera market to triple by 2029, following its 16.8% compound annual growth rate. However, several key players in the CCTV market have taken the lead in this expansion. 

Here are more statistics on the size of the surveillance camera market per country. 

11. China dominates the CCTV camera market by 60%.

(Market and Markets)

With Chinese companies at the top of the list for CCTV camera production, China secured the top rank for this list. 

Hikvision and Dahua transformed the CCTV market with a focus on transformative innovation, inter-company collaboration, high-end technology variation, and subsidiary companies offering various products.

12. The US video CCTV market size is the second largest at $8.29 billion. 

(Allied Market Research)

Statistics from 2019 valued the U.S. surveillance camera market at $8.29 billion, which is bound to grow at a 13.9% CAGR in the next seven years. 

America’s interest in smart home CCTV systems, infrastructure surveillance, healthcare monitoring, and AI integration for traffic and law enforcement systems has been a true game changer for the market. 

13. The Japanese CCTV camera market is worth $403 million.

(Market & Markets, Japan News) 

The Japanese CCTV camera industry is one of the most promising markets globally, with a current value of $403 million. Statistics foresee the market size rising to $444 million by 2024. 

Japanese people showed interest in infrastructural streaming for platforms like Youtube and pet surveillance. Local government’s efforts to integrate surveillance camera systems for law enforcement and traffic control have also pushed the market to grow exponentially. 

Conclusion

The CCTV, or surveillance camera, industry is a  continuously growing market. There’s great demand for what the product can do across various industries, businesses, and interests, making it noteworthy. 

As innovation brings more into the market by integrating cutting-edge AI for smart home camera systems, machine learning, thermal imaging, and drone usage for surveillance, the surveillance camera market is bound to grow in size.

FAQ

What are the statistics on CCTV cameras?

Currently, there are 1 billion CCTV cameras worldwide, 626 million of which are in China, 1.54 million are in India, and 109,072 are in Singapore. 

What are some facts and statistics about CCTV?

Surveillance cameras are classified into indoor and outdoor types. Indoor cameras are used indoors, while outdoor cameras are used for perimeter security—dome CCTV cameras, which can be used indoors and outdoors. 

How effective are surveillance cameras?

A review of UK and US studies found that security cameras reduced crime percentages by at least 10%, with higher effectiveness rates for deterring vehicle and property-related crimes. 

Which country has the most surveillance cameras per person?

China is considered the most surveilled country, with 439.07 cameras watching every 1,000 people. 

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