Market Overview

The global market size of surveillance cameras systems in 2020, based on the shipment value at vendors, was 2,970,000 million yen, 89.2 percent of that of the previous year. Because the lockdowns stemming from the COVID-19 pandemic temporarily stopped the economic activities, new installations and replacements of surveillance cameras were suspended, and investment by user companies were postponed or suspended, which led to the market shrinkage.

In 2021, as behavioral restrictions were eased, in addition to the resuming business from temporary postponement, the deployment of IP (network) cameras utilizing AI solutions aiming for city surveillance and for contribution in the marketing area have begun in Europe, the U.S. and China, which drove the market on the way to recovery. Also, IP cameras started being invested for contactless body-temperature detection and for understanding of congestion, in the hope to live in the era of “With” or “After” corona.

Noteworthy Topics

Remote Surveillance Using Cloud-Based Cameras On the Rise

In the COVID-19 calamity, use of cloud-based camera systems (except for those live-type cameras that have no recording functions) has increased, aiming to manage stores and facilities in the contactless or non-face-to-face manner.

In stores where area managers used to patrol the stores, the system can reduce the workload of area managers. Furthermore, it enables to check the normal state of the store without being conscious of patrollers. These advantages have encouraged investment to cloud-based cameras, which is driving on-site digital transformation not only for contactless or non-face-to-face operation in the COVID-19 calamity but also for saving labor and improving service quality.

Future Outlook

After 2021, the global surveillance camera systems market is projected to recover. The market size is likely to attain 3,360,000 million yen in 2021, and expand to 6,400,000 million yen by 2026. In addition to reinvigoration in stagnant investment in 2020, deployment of video analysis solutions employing AI is projected to be underway in each market of Europe, the U.S., Japan and China, and use of cameras are likely to accelerate for saving labor or for making the workload unmanned.

The price of single unit IP cameras has been on the decline, making it difficult for each vendor to develop business with single-unit devices. Therefore, the vendors focus on providing services of image analysis and IoT solutions. Surveillance cameras are increasingly being offered as a component of those solutions. Hereafter, surveillance cameras are likely to be used for data in video monitoring and VCA image analysis, and as video devices in IoT solutions.

Research Outline