Global Pan-Tilt-Zoom (PTZ) Camera Market Report 2024

The pan-tilt-zoom (PTZ) camera market size has grown rapidly in recent years. It will grow from $1.47 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed during the historic period can be attributed to several factors, including growing security concerns, the increasing adoption of video surveillance systems, declining costs of surveillance equipment, integration with smart technologies, and the rising demand for high-quality surveillance solutions.

The pan-tilt-zoom (PTZ) camera market size is expected to see rapid growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The anticipated growth in the forecast period can be attributed to several factors, including the expansion of smart cities, the growth of E-commerce and logistics industries, an increase in demand for remote monitoring solutions, a heightened emphasis on safety and compliance measures, and integration with Internet of Things (IoT) ecosystems. Key trends expected during this period include the adoption of AI-powered analytics, seamless cloud integration, advancements in smart home applications, higher resolution imaging capabilities, and the incorporation of environmental sensors for enhanced functionality.

The anticipated rise in crime rates and security threats is poised to propel the growth of the pan-tilt-zoom (PTZ) camera market. Crime rates and security threats encompass the prevalence and potential dangers posed by unlawful activities and risks to the safety and well-being of individuals, communities, or organizations. This increase is a multifaceted phenomenon influenced by various social, economic, technological, and environmental factors. PTZ cameras play a pivotal role in crime reduction by offering real-time monitoring, expanded surveillance coverage, and the capability to track and zoom in on suspicious activities or individuals within a monitored area. For instance, in March 2023, according to the National Insurance Crime Bureau, monthly national vehicle theft consistently exceeded 75,000, with over 1 million vehicles stolen in 2022, marking a 7% increase compared to 2021. Consequently, the escalating crime rates and security threats are stimulating the growth of the pan-tilt-zoom (PTZ) camera market.

Key players in the PTZ camera market are innovating multipurpose professional-grade PTZ cameras to enhance their competitive advantage and provide superior customer security solutions. Professional-grade pan-tilt-zoom cameras are engineered for precision and flexibility in broadcasting and event production applications. For instance, in March 2024, Lumens Digital Optics Inc., a Taiwan-based optical products company, unveiled the VC-A53 PTZ HD camera with 20x optical zoom, tailored for professional applications such as sports, documentary, and event production. The VC-A53 features high-speed robotics with panning and tilting speeds of up to 225 per second, ensuring precision and adaptability. It offers multiple video outputs, power options, and support for various streaming and control protocols, such as FreeD tracking for virtual production. The VC-A53 maximizes versatility by supporting SDI, HDMI, Ethernet, and USB connectivity options and RTSP, RTMP(S), SRT, and MPEG-TS streaming formats. Additionally, it is compatible with the Lumens Deployment Tool 2.0, facilitating efficient management and monitoring of numerous cameras over a network.

In May 2022, Motorola Solutions Inc., a US-based electronics and technology solutions company, acquired Videotec S.p.A. for $23 million. This strategic move expanded Motorola Solutions' portfolio with Videotec's ruggedized video security solutions, bolstering its capacity to deliver advanced surveillance capabilities customized for critical infrastructure sectors. Videotec S.p.A. is an Italy-based video surveillance equipment company renowned for manufacturing PTZ cameras for indoor and outdoor professional video surveillance.

Major companies operating in the pan-tilt-zoom (PTZ) camera market are Sony Corporation, Panasonic Corporation, Honeywell International Inc., Canon Inc., Johnson Controls International plc, Tyco International Ltd., Hikvision Digital Technology Co. Ltd., Logitech International S.A., Zhejiang Dahua Technology Co. Ltd., Axis Communications AB, Teledyne FLIR LLC, Uniview Technologies Co. Ltd., Infinova Corporation, Genetec Inc., Pelco Inc., Mobotix AG, Bosch Security Systems, CP PLUS GmbH & Co. KG, Hanwha Techwin Co. Ltd., Vicon Industries Inc., Vaddio LLC, ACTi Corporation, Bolin Technology Co. Ltd., Marshall Electronics Inc., Avonic.

North America was the largest region in the pan-tilt-zoom (PTZ) camera market in 2023. The regions covered in the pan-tilt-zoom (PTZ) camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pan-tilt-zoom (PTZ) camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A pan-tilt-zoom (PTZ) camera is a surveillance camera equipped with motorized mechanisms for panning, tilting, and zooming, enabling remote control over its movement and field of view. Widely employed in security systems, PTZ cameras excel at monitoring large areas and capturing detailed footage of specific points of interest, offering flexibility and advanced surveillance capabilities.

The primary types of PTZ cameras include full high definition (Full HD), high definition (HD), super high definition (SHD), and ultra-high definition (UHD) models. Full HD PTZ cameras are capable of capturing and displaying video at a resolution of 1920x1080 pixels, delivering clear and detailed images. These cameras find application across various sectors, including broadcast television, residential, religious institutions, distance education, event production, corporate training, transportation, aerospace, military and defense, automation, research institutes, and other industries.

The pan-tilt-zoom (PTZ) camera market research report is one of a series of new reports that provides pan-tilt-zoom (PTZ) camera market statistics, including pan-tilt-zoom (PTZ) camera industry global market size, regional shares, competitors with a pan-tilt-zoom (PTZ) camera market share, detailed pan-tilt-zoom (PTZ) camera market segments, market trends and opportunities, and any further data you may need to thrive in the pan-tilt-zoom (PTZ) camera industry. This pan-tilt-zoom (PTZ) camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pan-tilt-zoom (PTZ) camera market consists of sales of mounting brackets, controllers, infrared illuminators, joysticks, and wall mounts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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