The US Video Surveillance Market is expected to witness growth during the forthcoming years as current trend of US infrastructure market is expected to reach $329 bn by 2025. Thus, it would propel the demand for video surveillance equipment in US. Furthermore, Installation of cameras and sensors in Boston smart city to collect data about the behavior of drivers, pedestrians and cyclists will help them in improving road safety and it would also spur the demand for video surveillance systems in the nation.
Video Surveillance Market in the US witnessed decline in 2020 owing to the COVID-19 pandemic as supply chain disrupted due to lockdown imposed by the government. However, the market has witnessed growth in the 2021 and 2022 on the account of increasing violent crimes in US as it reached 721 per 100,000 population in 2021 along with growing general safety concerns for crime prevention, reduction of loss and theft, vandalism prevention, employee monitoring, optimization of workflow, protection from litigation and others.
According to the publisher, US Video Surveillance Market revenues is projected to grow at a CAGR of 10.9% during 2023-2029. Growing infrastructure projects such as Dallas to Houston high speed railway line project, Metro North Penn station access project and Columbia Carolina Crossroads upgrade project along with increasing video surveillance equipment need in smart cities of US would propel the demand for video surveillance market in the country. Transition towards IP surveillance technology is also spurring the demand for video surveillance systems principally in hotels and several convenience stores and shopping malls & outlets. Also, rising tourism industry propelling growth in hospitality and commercial sector in US will increase the requirement for video surveillance market in US especially in major urban cities such as San Francisco, Boston, New York, Atlanta, Mexico City and others. This sector is one of the major parts of the North America Video Surveillance Market.
Market by Components
In US video surveillance market, video surveillance camera would witness fastest growth rate in the future on account of increasing infrastructural investment in metro, roads, airways and railways would create the demand for CCTV cameras in the upcoming years.
Market by Applications
In US video surveillance market, government and transportation vertical would witness fastest growth rate in the future on the back of government projects for infrastructure development such as replacement of terminal 1 of San Diego international airport and Colombia Carolina crossroads upgrade etc.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2023
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- US Video Surveillance Market Overview
- US Video Surveillance Market Outlook
- US Video Surveillance Market Forecast
- Historical Data and Forecast of US Video Surveillance Market Revenues & Volume for the Period 2019-2029F
- Historical Data and Forecast of US Video Surveillance Market Revenues & Volume, By Components, for the Period 2019-2029F
- Historical Data and Forecast of US Video Surveillance Camera Market Revenues & Volume, By Camera Type, for the Period 2019-2029F
- Historical Data and Forecast of US Video Surveillance Recorder Market Revenues & Volume, By Recorder Type, for the Period 2019-2029F
- Historical Data and Forecast of US Video Surveillance Market Revenues, By Applications, for the Period 2019-2029F
- Market Drivers and Restraints
- US Video Surveillance Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- US Video Surveillance Market Revenue Ranking, By Companies
- COVID-19 impact on Video Surveillance Market
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Table of Contents
1. Executive Summary
Companies Mentioned
- Axis Communications AB
- Bosch Security Systems Inc
- Hanwha Corporation
- Pelco Corporation
- Honeywell International Inc.
- Panasonic Corporation
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Cisco Systems Inc.
- Avigilon Corporation
- Teledyne FLIR LLC
