The waterproof security cameras market is one of the fastest evolving global markets of recent times. By the end of 2023, the global waterproof security cameras market valuation is estimated to reach approximately USD 950 million, and the CAGR or compound annual growth rate of the market is expected to be 5% between 2017 and 2023.
The purpose of waterproof security cameras is to facilitate the surveillance of offices or homes in a difficult environment. Wireless security cameras allow users to safeguard their homes from thieves, criminals, and predators and help in monitoring the activities of everything. The wireless CCTV camera captures excellent quality footage, quite similar to the indoor security cameras. Many buildings and offices have started to use the outdoor waterproof security camera for surveillance of any unwanted incidents in the environment. These cameras offer excellent durability and strong, long-lasting service. The waterproof security cameras industry allows access to the top build quality cameras that can capture footage even in a bowl of water. Such advanced mechanism in these cameras propels the global market growth to greater heights.
The prevalence of criminal cases is increasing day by day in the modern world; therefore, proper surveillance is highly essential. With the help of wireless outdoor security cameras, accessing the activity footage becomes easy, which eventually helps in expanding the global market. Modern city infrastructure immensely requires the waterproof WiFi security camera leading to an increase in demand for the waterproof security cameras industry. Development of infrastructure has surged the market growth to maximum levels, and the market will continue to emerge at a faster pace during the forecast years. Rapid urbanization and escalation in business practices all around the world will drive the waterproof security cameras market growth in the next many years.
Over the past couple of years, the governments of different countries are taking measures to protect their citizens from any foreign attacks, and the implementation of strong border security with the help of waterproof security cameras is expanding the waterproof security cameras market size. Several organizations are adopting these cameras for employee’s safety inside and outside working premises. All these fuels the growths of the global market share.
The report highlights a detailed analysis of the global waterproof security cameras market and provided the market valuation and growth rate during the forecast periods. It also describes the impact of COVID19 on the security cameras market and gives a clear view of the market dynamics. The report puts light on the market segmentation and key players that drive the waterproof security cameras industry growth. It includes different geographies that have a major impact on the market potential in the forecast period.
COVID 19 Analysis
The impact of COVID 19 has deteriorated the growth rate of the global economy. All the businesses, as well as the working sector, faced the adverse consequences of the financial losses during the pandemic. The lockdown restrictions imposed the closure of industrial operations, and the manufacturing unit shut down for an uncertain period.
In such harsher situations, the disruptions in the supply chain completely disturbed the market performance. However, the security cameras market was able to sustain the severe circumstances. With the rising adoption of wireless home waterproof security camera for surveillance and protection, the demand for the smart home security cameras market is continuously escalating.
The global waterproof security cameras market is emerging at a rapid pace over the years and will reach stupendous heights in the near future. The rise in more modern infrastructure or city infrastructure is one of the primary driving forces for the growth of the waterproof security camera industries. Rapid urbanization and developments in infrastructure will acts as a market booster during the forecast years. In recent times, many business and industrial practices all over the world are expanding, which results in an upsurge in the waterproof security cameras industry share.
The governments of different countries are adopting steps to protect their citizens from outside attacks, and application in border security leads to the elevation of waterproof security cameras industry potential. Various organizations are implementing these cameras for the safety of employees both inside and outside of the working premises, which propels the expansion of the waterproof security cameras industry size.
An immense increase in infrastructure development has escalated the usage of waterproof WiFi CCTV camera in the modern world, which projects the market growth to optimum levels.
The city infrastructure has the potential to propel the growth of the security cameras market as such cities need extensive security. With the surfacing of rapid urbanization and global business expansion, the waterproof security cameras industry is expected to elevate rapidly in the upcoming years. The government initiatives associated with the safety of all the citizens from any outside or foreign attack and strengthening of border security application boosts the potential of the waterproof security cameras industry.
Several enterprises are also concerned for the safety of the employees and progressing towards the implementation of waterproof WiFi camera. The unique feature to capture footage even in water makes the global market growth more obvious. In the next many years, the increased demand for security cameras will boost the market growth to a greater extent.
The global waterproof security cameras market has been affected by the outbreak of the COVID 19 pandemic. The worldwide economy declined to lower rates like never before, and the closure of industrial operations further brings down the growth rate. The lockdown measures created disturbances in the supply chain of industries, and production units were put at a halt. However, the increased demand for wireless home security waterproof camera has maintained the growth of the waterproof security cameras market.
The waterproof security cameras market has numerous advantages that can propel the market growth. However, certain challenges restrict the growth of the waterproof security cameras industry. The lack of knowledge about technical aspects hinders the expansion of waterproof security cameras industry size. Even if the outdoor waterproof security camera capture all the footage, the work still depends on the user to protect their building from thieves, criminals, and other predators. All these hamper the potential of the waterproof security cameras industry.
Value Chain Analysis
The revenue generated from the global waterproof security cameras market over the years has shown a subsequent increase and will further grow to maximum levels in the upcoming years. The global market is expected to attain its momentum by the end of the year 2023. Within few years, the global waterproof security cameras market will outshine all the previously recorded values and will extend its limits.
The global waterproof security cameras market is divided into different segments on the basis of application, range, and product. The global market size segmentation on the basis of application includes commercial field, residential, industrial sectors, and many more. On the basis of range, the waterproof security cameras industry segmentation consists of 10-30 meters, 30-60 meters, 60-80 meters, and above 80 meters.
The product segment of the waterproof security cameras industry involves dome, bullet, high-speed cameras, and others. Among all the products, high-speed cameras capture the fast motion of animals and are mostly seen in motion analysis of sports science. It is also used in television for measurement of speed and slows down to a rate that can be seen from naked eyes.
The analysis of the waterproof security cameras market is studied in different areas such as North America, Europe, Asia-Pacific, and other parts of the world. The North American region has major control over the global market share. The emergence of high definition analog products and the presence of camera manufacturers is resulting in the market growth of the waterproof security cameras industry. The Asia Pacific is presumed to have the fastest increase in the global market growth due to the escalation in crime rates and development of infrastructures.
Competitive Landscape of the market
The waterproof security cameras market prominent key players are:
Waterproof security cameras market is segmented on the basis of product, range and application.
The global waterproof security cameras market is poised to record a market value of USD 950 million by 2023.
The global waterproof security cameras market is maturing at a whopping 5% CAGR over the review period of 2017 to 2023.
A few significant players of the global waterproof security cameras market are Pelco Corporate (U.S.), Zosi Technology Co. Ltd (Hongkong), Amcrest Technologies (U.S.), Frontpoint Security Solutions (U.S.), among others.
The high-speed cameras segment is expected to drive market growth over the review period.
The commercial segment is likely to witness the highest demand in the waterproof security cameras market.