Global pan–tilt–zoom cameras market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 12.5% during the forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
A pan–tilt–zoom (PTZ) camera is a specific type of camera which consists of pan, tilt, and zoom functionality. PTZ camera can move left and right while recording, zoom control, and remote directional.
The global PTZ camera market research report provides segment wise and region-wise comprehensive analysis of growth driving factors, restraining factors, future opportunities, and challenges of the market, which will help user to understand detailed insights about market dynamics. The global PTZ camera market has been seeing progressive growth from past few years. The growth of PTZ camera is primarily driven by its wide scale adoption in applications such as video conferencing, surveillance, live production, distance learning and lecture capture. An increasing awareness regarding safety and security in residential, commercial and other high risk areas, surge in the adoption of PTZ cameras in modern video surveillance systems, growing demand of IP network and wireless communication based video surveillance system and rising requirement for high resolution, high quality, low maintenance and remote operation based PTZ cameras are expected to improve growth of the market during the forecast period.
Nevertheless, high cost associated with PTZ camera along with its installation and inability to capture image while moving right and vice versa are major restraining factors that could hamper the growth of the market.
Global Pan–Tilt–Zoom Cameras Market: Segmentation Analysis
By type, outdoor PTZ camera segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. A surge in the adoption of PTZ camera for outdoor applications such as in parking lots, on streets or roadside poles and for security application outside the home is accredited to the growth of the market. In addition, outdoor PTZ cameras provides some benefits such as multiple alarm system, night vision capability, weather resistivity, remote control and excellent zoom quality, which make them most ideal choice of outdoor applications.
Continuous introduction, production, and rising focus by leading market players such as Sony, Panasonic, and Axis on providing advanced PTZ cameras for various applications are expanding the market. For instance,
• In Apr 2019, Sony announced its latest 4K resolution based pan-tilt-zoom (PTZ) camera named as the BRC-X400, which is designed and manufactured for broadcast applications such as for studio, reality TV shows and shooting in large venues such as churches and event halls.
• In June 2019, Sony Electronics introduced its two latest PoE+ cameras named as the SRG-X400 and SRG-X120, to its IP-based, pan-tilt-zoom (PTZ) camera family.
• In May 2020, Panasonic announced the introduction of its news AW-UE100 integrated PTZ camera, which is designed to supports a wide variety of IP transmission protocols, such as high-efficiency NDI, high-bandwidth NDI and secure reliable transport (SRT).
By application, residential and commercial segment dominated the market in 2019 and are projected to witness high growth at CAGR of XX% during the forecast period. An increasing adoption of PTZ cameras in residential and commercial applications such as homes, buildings, corporate offices, shopping malls, cinema halls, and many others are attributed to the growth of the market.
Global Pan–Tilt–Zoom Cameras Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. Countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the vast presence of various leading market players such as Sony, Panasonic, Canon, and many others.
A surge in the adoption of highly developed video surveillance technologies and products, rising investments in research and development activities in the field of PTZ and IP cameras, increasing adoption rate of smart home, ongoing smart city projects, growing awareness about PTZ cameras in education, corporate, healthcare, residential and government applications and rising adoption of PTZ cameras with Wi-Fi connectivity solutions are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global Pan–Tilt–Zoom Cameras Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Pan–Tilt–Zoom Cameras Market dynamics, structure by analyzing the market segments and projects the Global Pan–Tilt–Zoom Cameras Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Pan–Tilt–Zoom Cameras Market make the report investor’s guide.
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The Scope of Global Pan–Tilt–Zoom Cameras Market
Global Pan–Tilt–Zoom Cameras Market, By Type
• Indoor PTZ Camera
• Outdoor PTZ Camera
Global Pan–Tilt–Zoom Cameras Market, By Application
• Government and Military
Global Pan–Tilt–Zoom Cameras Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Pan–Tilt–Zoom Cameras Market, Key Players
• Axis Communications
• Bosch Security Systems
• Dahua Technology
• Schneider Electric
• Vivotek Inc
• Logitech Inc
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