At 18.8% CAGR, Middle East & Africa 3D Surveillance Camera Market is Projected to be worth US$ 575.65 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa 3D surveillance camera market was valued at US$ 144.94 million in 2022 and is expected to reach US$ 575.65 million by 2030, registering a CAGR of 18.8% from 2022 to 2030. Integration of artificial intelligence & machine learning technology and increasing developments in smart cities are among the critical factors attributed to drive the Middle East & Africa 3D surveillance camera market growth.

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.

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.

On the contrary, data sensitivity and privacy concerns hampers the growth of Middle East & Africa 3D surveillance camera market.

Based on product type, the Middle East & Africa 3D surveillance camera market is segmented into dome camera, bullet camera, PTZ camera, and others. The dome camera segment held 37.7% share of Middle East & Africa 3D surveillance camera market share in 2022, amassing US$ 54.60 million. It is projected to garner US$ 223.94 million by 2030 to register 19.3% CAGR during 2022-2030.

In terms of technology, the Middle East & Africa 3D surveillance camera market is segmented into stereoscopic imaging, time of flight, and structured light imaging. The stereoscopic imaging segment held 44.6% share of Middle East & Africa 3D surveillance camera market in 2022, amassing US$ 64.67 million. It is anticipated to garner US$ 252.77 million by 2030 to expand at 18.6% CAGR during 2022-2030.

By application, the Middle East & Africa 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 29.6% share of Middle East & Africa 3D surveillance camera market in 2022, amassing US$ 42.87 million. It is projected to garner US$ 153.40 million by 2030 to expand at 17.3% CAGR from 2022 to 2030.

Based on country, the Middle East & Africa 3D surveillance camera market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 41.6% share of Middle East & Africa 3D surveillance camera market in 2022. It was assessed at US$ 60.26 million in 2022 and is likely to hit US$ 237.45 million by 2030, registering a CAGR of 18.7% during 2022-2030.

Key players operating in the Middle East & Africa 3D surveillance camera market are Hexagon AB, Honeywell International Inc, Robert Bosch GmbH, Panasonic Holdings Corp, LG Electronics Inc, Teledyne Technologies Inc, Geovision Inc, and Hangzhou Hikvision Digital Technology Co Ltd, among others.

• In September-2022, Hikvision announced an addition to its Pro series PTZ cameras, including the integration of ColorVu technology for the first time in this range. With ColorVu, Hikvision's new Pro series cameras can provide consistent image brightness and full color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.
  
  
• In July-2022, Hikvision introduces its new range of security cameras - the PT-Series - designed for SMB users with easy installation and flexible camera viewing angles while applying other well-known Hikvision technologies for excellent imaging. With these new PT Cameras, Hikvision now offers SMB customers high-quality installations requiring fewer cameras while providing more flexibility and durability.
  
  
• In July-2022, Hikvision announced the launch of its new DeepinView bullet network cameras with TandemVu technology, expanding the reach of TandemVu technology from PTZ units to bullet-styled models. The new TandemVu-enabled bullet cameras can monitor large scenes and close-up details simultaneously, maintaining both 'viewpoints' for improved situational awareness and security capability.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com