According to the new research report on "3D Surveillance Camera Market Size and Forecast (2020-2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the 3D surveillance camera market is expected to reach US$ US$ 7.92 billion by 2030 and register a CAGR of 20.7% from 2022 to 2030.
The report includes growth prospects owing to the current 3D surveillance camera market trends and their foreseeable impact during the forecast period. Smart cities are becoming increasingly important as the world's population migrates to cities in pursuit of new prospects for development and future improvement. This quick influx of migrants has put additional strain on city services, traffic congestion, crime prevention, energy consumption, and waste reduction. Smart city surveillance systems are being developed to enable metropolitan areas to monitor changes and activity in their surrounding environment. A video surveillance system (VSS) is a critical component of a smart city, allowing for the detection and identification of numerous scenarios pertinent to smart city applications, such as public safety, crime prevention, traffic management, and environmental monitoring. Manufacturers are investing and launching new 3D surveillance technologies to cater to the rising demand for high-tech cameras in smart cities. For instance,
In January 2022, Quanergy Systems, Inc., a leading provider of OPA-based solid-state LiDAR sensors and smart 3D solutions for automotive and IoT, demonstrated its advanced 3D IoT LiDAR solutions and smart city technologies at CES 2022 in Las Vegas, Nevada.
Smart cities heavily rely on data collection and analysis as it helps in optimizing urban life. The deployment of 3D surveillance cameras helps in data collection, which is later used for enhancing security, traffic management, and crowd control. Thus, the increasing development of smart cities drives the 3D surveillance camera market growth.
France hold the significant 3D surveillance camera market share in Europe. French legislation passed in 2023 authorizes the use of AI video monitoring for a trial period during the Games to detect aberrant events or human behavior at large-scale events. According to officials, the technology might prove critical in preventing an assault similar to the 1996 Atlanta Olympics bombing or the 2016 Nice truck attack. Thus, increased security concerns owing to terrorism threats, organized crime, and public safety issues surge the need for the deployment of advanced surveillance technology, such as 3D cameras, to improve monitoring and threat detection capabilities, particularly in urban and high-risk areas. Also, according to a 2022 report, France is now testing Parifex's new 3D surveillance technology, "NANO." The revolutionary speed camera monitors speed, distance, and acceleration simultaneously.
Moreover, in Europe, Germany held the largest 3D surveillance camera market share in 2022. With an expanding urban population and continuous infrastructure development projects, modern surveillance systems such as 3D cameras are gaining huge traction to maintain safety and security in busy urban areas, transit hubs, and public spaces in Germany. The Federal Agency for Cartography and Geodesy (BKG) envisions a high-resolution 3D model of Germany. The first pilot project began in October 2021 in conjunction with Hexagon's Geosystems business and the City of Hamburg. A survey aircraft equipped with the Leica SPL100 LiDAR (Light Detection and Ranging) sensor took off to completely map the Hamburg metropolitan region in 3D. The area of ~8,000 square kilometers was covered. Moreover, Germany's enormous transportation network, including airports, train stations, and public transit systems, requires modern surveillance technologies such as 3D cameras to monitor passenger flows, improve security screening processes, and detect suspect behavior or objects, which is further expected to fuel the growth of the 3D surveillance camera market in the forecasted period.
Furthermore, investments in enhancing the defense sector surveillance capabilities are fueling the market growth in the UK. In May 2023, Saab signed two contracts totaling US$ 115 million for eleven Giraffe 1X radars, including support from the UK Ministry of Defense. The acquisition of Giraffe 1X is primarily for improving operational conditions, with the Royal Navy procuring a single device to be placed and tested on the XV Patrick Blackett. Giraffe 1X is a lightweight, multi-mission, 3D surveillance radar for simultaneous air and surface surveillance. It offers commanders quality air defense target data, drone (C-UAS) detection, and Counter-Rocket, Artillery, and Mortar (C-RAM) sense and alerts all in one solution. Also, in 2018, the Environment Agency conducted LiDAR mapping across all of England. By 2020, aircraft equipped with laser scanners has 3D-mapped all 130,000 square kilometers (50,000 square miles) of the country, including rivers, fields, and national parks. The collected data was utilized to evaluate flooding risk better and construct flood barriers. It was also made freely available to the general public and businesses, including archaeologists, urban planners, and even gamers. Thus, such developments are aiding the 3D surveillance camera market growth.
3D Surveillance Camera Market Report: Key Findings
The 3D surveillance camera market analysis is based on segmental assessment. Based on product type, the 3D surveillance camera market is segmented into dome camera, bullet camera, PTZ camera, and others. The dome camera segment held the largest share in 3D surveillance camera market in 2022, whereas PTZ camera segment is expected to grow with the highest CAGR in 2022-2030. Dome security cameras are easily identifiable by their round dome encasing. Dome 3D surveillance cameras offer unmatched coverage for almost every use case and are incredibly adaptable, as they can be utilized in both indoor and outdoor environments. Most dome surveillance cameras have an infra-red (IR) for night vision, vandal-proof dome encasing, and a solid metal base to defend against vandalism or tampering, making them a perfect alternative for dependable surveillance in harsh environments. Furthermore, because of the dome cover, the outlooker may have difficulty determining the direction of the camera lens from a distance. This effectively deters crime and vandalism because it is difficult for intruders to determine which areas are being observed without having to come pretty close to the camera itself. Thus, owing to the features mentioned above, the demand for these cameras is increasing globally, which is further fueling the growth of the 3D surveillance camera market.