Report: U.S. surveillance camera sales to grow 7.2 percent annually through 2021

Aug. 23, 2017
Demand to be driven by ongoing technology advancements, continued shift to IP among other factors

According to a new report from The Freedonia Group, sales of security cameras in the U.S. are expected to increase by 7.2 percent annually through 2021 to $2.8 billion. The research firm said that a variety of factors will drive market demand, such as:

  • Ongoing product advancements in camera technology;
  • Increasing affordability of cameras with expanded features, such as internal recording capabilities;
  • The continued shift toward upgrading existing legacy analog systems to either IP or HD analog systems in order to utilize more feature-rich cameras and systems;
  • And, rising interest in higher value, more niche camera types – such as thermal or explosion resistant – as their prices continue to come down, which will work to expand the base of installed cameras.

Additionally, The Freedonia Group reported that in 2016, dome cameras accounted for the largest share of video surveillance camera demand as they comprised 42 percent of cameras sold in the market. According to the research firm, sales of these products have benefited from developments over the past decade, such as increased durability and higher resolutions. This has subsequently allowed for broader use of dome cameras in both indoor and outdoor applications. Dome camera sales have also benefited from the rising use of cameras indoors, where these models are still highly popular due to their discreet appearance.

Through 2021, sales of all video surveillance products in the U.S. are projected to increase 5.6 percent annually to $4.9 billion. Growth will be driven by the increasing affordability of feature-rich systems that incorporate enhanced capabilities, which will work to expand the base of end-users that choose to install video surveillance systems and spur replacement and upgrade demand among existing users.

For more information about the report, click here.