Global sales of surveillance cameras will reach 150-200 million units in 2024

Global sales of surveillance cameras will reach 150-200 million units in 2024

The total sales volume of global surveillance cameras in 2024 is expected to be between 150 million and 200 million units, of which smart cameras will dominate, and traditional wired products will still have a certain scale. The specific data needs to be disclosed in a more comprehensive industry report. Combining industry data and regional market performance, the following estimates can be made:

Global smart camera shipments‌

In the first half of 2024, global smart camera shipments reached 63.21 million units, a year-on-year increase of 11%.

If the same growth rate is maintained in the second half of the year, annual shipments are expected to be around 126 million units.

The Chinese market accounts for 36.1%, corresponding to approximately 45.48 million units.

Ratio of consumer market to industry market‌

China's sales volume of consumer surveillance cameras reached 53.49 million sets , accounting for a significant share of the global consumer market.

In 2024, the global security monitoring equipment market size will reach US$25 billion, but sales volume needs to be estimated based on the average product price, and relevant data is not clear.

Other market segments added

Wired cameras account for 55% of the global smart home camera market. If combined with wireless products, the market size may exceed 200 million units.

Demand in the Asia-Pacific region (such as India) has grown significantly, with a compound annual growth rate of 15.4%, further driving global sales.

Comprehensive judgment: The total global sales volume of surveillance cameras in 2024 is expected to be between 150 million and 200 million units, among which smart cameras will dominate and traditional wired products will still have a scale. Specific data needs to be disclosed in more comprehensive industry reports.

ABOUT BIT-CCTV:

Established 18 years ago, Blue Icon (Tianjin) Technology Co. Ltd, a national high-tech company, specializes in design, engineering, manufacturing and sales of high-quality CCTV surveillance equipment including pan-tilt head/positioner, long rang laser PTZ camera, IR thermal imaging PTZ camera, dual-vision PTZ camera, camera housing enclosures, camera mounting brackets and accessories, and provide custom pan-tilt products to meet our customers' various system/project requirements. Made with durable material, our products are tested to withstand continuous operation in the most harsh condition. Our products have been widely used in over 40 countries across five continents.