North America 3D Surveillance Camera Market
North America 3D Surveillance Camera Market is growing at a CAGR of 21.0% to reach US$ 2,814.37 Million by 2030 from US$ 612.35 Million in 2022 by Product Type, Technology, and Application.

Published On: Sep 2024

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North America 3D Surveillance Camera Market

At 21.0% CAGR, North America 3D Surveillance Camera Market is Projected to be Worth US$ 2,814.37 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, 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, registering a CAGR of 21.0% from 2022 to 2030. Rising demand for security and surveillance and increasing developments in smart cities are among the critical factors attributed to drive the North America 3D surveillance camera market growth.

A secure city attracts people and visitors, providing a safe environment for living, working, traveling, and thriving. The concept of a safe and secure city is continuously changing, but its future vision emphasizes an integrated approach. A comprehensive and analytical approach, as well as a real-time, dynamic, and proactive video surveillance system, have become vital for achieving this aim. Digital technology has fundamentally altered the surveillance and security landscape. Cities across the globe are constantly under surveillance with the help of installed surveillance cameras. According to a 2024 report by Dataprot, there were ~1 billion surveillance cameras installed worldwide as of 2024. Approximately 98.8 million households are installed with smart home surveillance cameras.

Technology and data continue to disrupt city operations, business models, and products/services. The security business is undergoing rapid technological advancements, including network-based, high-quality technology that generates massive amounts of data. Governments across the globe are increasing their investment to enhance surveillance capabilities and provide a better and more secure environment for social and economic growth. For instance, in 2024, the California Governor said that the city of Oakland and the surrounding freeways would be receiving hundreds of high-tech surveillance cameras to combat crime. Also, the California Highway Patrol has hired Flock Safety to install 480 cameras that can recognize and monitor vehicles by license plate type, color, and even decals and bumper stickers, according to a news release from Democratic Governor Gavin Newsom. Authorities will receive real-time alerts about suspicious vehicles from the cameras. Thus, the rising investments across the globe to enhance surveillance and security drive the growth of the 3D surveillance camera market.

On the contrary, high cost of customized and prescribed hamper the growth of North America 3D surveillance camera market.

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 36.4% share of North America 3D surveillance camera market share in 2022, amassing US$ 223.14 million. It is projected to garner US$ 1,058.70 million by 2030 to register 21.5% CAGR during 2022–2030.

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 47.4% share of North America 3D surveillance camera market in 2022, amassing US$ 290.37 million. It is anticipated to garner US$ 1,313.18 million by 2030 to expand at 20.8% CAGR during 2022–2030.

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 28.5% share of North America 3D surveillance camera market in 2022, amassing US$ 174.56 million. It is projected to garner US$ 722.55 million by 2030 to expand at 19.4% CAGR from 2022 to 2030.

Based on country, the North America 3D surveillance camera market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.5% share of North America 3D surveillance camera market in 2022. It was assessed at US$ 486.69 million in 2022 and is likely to hit US$ 2,281.99 million by 2030, registering a CAGR of 21.3% during 2022–2030.

Key players operating in the North America 3D surveillance camera market are 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., 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.

 

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