South & Central America 3D Surveillance Camera Market Forecast to 2030 - Regional Analysis - by Product Type, Technology, and Application

The South & Central America 3D surveillance camera market was valued at US$ 79.57 million in 2022 and is expected to reach US$ 296.04 million by 2030; it is estimated to register a CAGR of 17.8% from 2022 to 2030.

Integration of Artificial Intelligence and Machine Learning Technology Fuels South & Central 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.

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 Centre 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.

South & Central America 3D Surveillance Camera Market Overview

The growth of the South America 3D surveillance camera market is driven by increasing security concerns. The region has been witnessing rapid modernization in the surveillance systems used to prevent activities happening against public interest. For instance, according to LAPIN, in Brazil, where the use of facial-recognition technology has increased significantly since 2021, the Justice Ministry developed Cortex, a program that combined automated license-plate readers with surveillance camera networks and other databases to track individuals' movements in real-time.

Sensor technology, artificial intelligence, and video analytics advancements are driving innovation in 3D surveillance systems, increasing their capability, accuracy, and cost-effectiveness. Governments of South America are progressively using technological breakthroughs to better their monitoring infrastructure and security outcomes. The Government of Brazil has been taking several initiatives involving modern surveillance techniques to monitor schools, medical practices, and public spaces such as squares and parks. For instance, in July 2023, São Paulo announced plans to install thousands of surveillance cameras with facial recognition technology.

The Smart Sampa project was the most recent in a string of programs employing sophisticated monitoring technology in different Brazilian states. The project's goal was to deploy a single video surveillance platform that combines and supports the operations of emergency and traffic services, the city's public transportation network, and police forces. By 2024, around 20,000 cameras are projected to be placed, with an equal number of third-party and private cameras incorporated into the network.

South & Central America 3D Surveillance Camera Market Revenue and Forecast to 2030 (US$ Million)

South & Central America 3D Surveillance Camera Market Segmentation

The South & Central America 3D surveillance camera market is categorized into product type, technology, application, and country.

Based on product type, the South & Central 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 South & Central America 3D surveillance camera market share in 2022.

In terms of technology, the South & Central 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 South & Central America 3D surveillance camera market in 2022.

By application, the South & Central 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 South & Central America 3D surveillance camera market in 2022.

Based on country, the South & Central America 3D surveillance camera market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central 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; and 3dEYE Inc. are some of the leading companies operating in the South & Central America 3D surveillance camera market.