CCTV Camera Market Sales, Price, Revenue, Gross Margin and Market Share (2021-20
Posted by Fred Williams on March 30th, 2021
The global market for CCTV camera is considered as an extremely competitive in nature, owing to the presence of a large number of players operating worldwide, states a new study by TMR. In the last few years, several new players have entered the market in order to attain a leading position in the market, thus supporting the overall growth. The key players in the market are focusing on enhancements and the development of new products, which is projected to ensure the development of the global CCTV camera market in the next few years. In addition to this, the increasing number of end use industries is another factor that is estimated to ensure the development of the overall market in the coming few years. The key players that are operating in the CCTV camera market across the globe are Axis Communications AB, Geovision Inc, Pelco Inc, Zhejiang Dahau Technology Co. Ltd., Honeywell International Inc., Toshiba Corporation, Panosonic System Network Co. Limited, Bosch Security Systems, Inc., and Hanwha Techwin Co. Ltd.
As per the research study by TMR, the global market for CCTV camera is expected to reach a value of US.32 bn by 2025. The market is expected to register a 12.70% CAGR between 2017 and 2025. The CCTV camera market across North America and Asia Pacific are projected to witness high growth over the next few years. The rising number of security threats and the increasing number of terrorist attacks are the main factors that are projected to encourage the growth of the markets over the next few years. In terms of technology, the analog CCTV camera segment is predicted to observe a high growth in the next few years.
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About the AuthorFred Williams
Joined: May 7th, 2020
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