PUBLISHER: The Insight Partners | PRODUCT CODE: 1592597
PUBLISHER: The Insight Partners | PRODUCT CODE: 1592597
The North America 3D surveillance camera market was valued at US$ 612.35 million in 2022 and is expected to reach US$ 2,814.37 million by 2030; it is estimated to register a CAGR of 21.0% from 2022 to 2030.
Integration of Artificial Intelligence and Machine Learning Technology Fuels North America 3D Surveillance Camera Market
Video surveillance systems have become an inseparable part of today's world, helping to preserve safety and security in a variety of situations ranging from private homes and public spaces to hospitals, financial institutions, and educational facilities. Several governments and corporate entities have invested considerably in traditional surveillance cameras to record material that human operators then analyze. Artificial intelligence (AI) examines each frame and provides real-time analysis to avoid lethal crimes, bringing unparalleled capabilities and efficiency. Artificial intelligence in surveillance systems has altered the way one approaches security, improving threat detection, monitoring capabilities, and response systems. For instance, according to the AIGS (Artificial Intelligence Global Surveillance) ranking, ~75 out of 176 nations actively use AI-based surveillance cameras worldwide. Countries such as China and the US are regarded as major players in the AI-based surveillance business, providing AI-based technology to at least 60 countries. Manufacturers are at the forefront of integrating advanced technologies such as AI and ML into 3D surveillance systems to cater to the increasing demand of various end users across the spectrum. For instance, In June 2020, Quanergy Systems, Inc., a provider of LiDAR (Light Detection and Ranging) sensors and smart perception solutions, announced the first commercial integration of 3D AI-powered LiDAR solutions with Genetec's ("Genetec Inc.") Security Center unified security platform. The integrated solution will enable advanced people movement and occupancy management in smart spaces, as well as improved threat identification and monitoring in high-security settings. Thus, the deployment of artificial intelligence and machine learning technology is expected to remain a trend in the 3D surveillance camera market.
North America 3D Surveillance Camera Market Overview
The US, Canada, and Mexico are among the major economies in North America. The region accounts for a significant share of the global 3D surveillance camera market. The major factor driving the market in the region is the presence of major companies such as Honeywell, Teledyne FLIR LLC, and 3dEYE Inc. Also, the region is home to the greatest number of CCTVs worldwide signifying the investment in surveillance systems. For instance, according to 2024 stats by DataProt, North America utilizes the most CCTVs globally, with a market share of up to 30%. In 2022, the Ontario government announced its plans to invest US$ 1.8 million in additional cameras and technology to "improve police efforts to prevent crime, particularly gun and gang violence." The funds will be distributed through Ontario's CCTV (closed circuit television) grant program. The government stated that the funds will be utilized to replace outdated equipment systems, install new or additional CCTV surveillance cameras, and expand present technologies. The market in North America is anticipated to expand at a significant rate during the forecast period, owing to the surging demand for 3D surveillance cameras from the defense sector. The region is witnessing investments in technologies such as AI and machine vision for developing advanced surveillance systems for the defense and public safety sectors. According to a 2019 report by the National Institute of Standards and Technology, in the US alone, 30 million security cameras collect data on a continuous basis, providing limitless opportunities to improve public safety operations. Thus, such developments are expected to boost the market growth in the region.
North America 3D Surveillance Camera Market Revenue and Forecast to 2030 (US$ Million)
North America 3D Surveillance Camera Market Segmentation
The North America 3D surveillance camera market is categorized into product type, technology, application, and country.
Based on product type, the North America 3D surveillance camera market is segmented into dome camera, bullet camera, PTZ camera, and others. The dome camera segment held the largest share of North America 3D surveillance camera market share in 2022.
In terms of technology, the North America 3D surveillance camera market is segmented into stereoscopic imaging, time of flight, and structured light imaging. The stereoscopic imaging segment held the largest share of North America 3D surveillance camera market in 2022.
By application, the North America 3D surveillance camera market is categorized into people tracking, object or scene detection, monitoring systems, face recognition, robotic arm collision avoidance, and others. The people tracking segment held the largest share of North America 3D surveillance camera market in 2022.
Based on country, the North America 3D surveillance camera market is segmented into the US, Canada, and Mexico. The US dominated the North America 3D surveillance camera market share in 2022.
Hexagon AB; Honeywell International Inc; Robert Bosch GmbH; Panasonic Holdings Corp; LG Electronics Inc; Teledyne Technologies Inc; Geovision Inc; Hangzhou Hikvision Digital Technology Co Ltd; CBC Co., Ltd.; and 3dEYE Inc. are some of the leading companies operating in the North America 3D surveillance camera market.