Video camera mobile connections in Europe, North America to reach 20.4 mln by 2024

Europe

The installed base of video cameras in Europe and North America will grow at a compound annual growth rate (CAGR) of 18.1 percent from 183.0 million units in 2019 to 420.3 million units in 2024, according to a forecast by Berg Insight. North America is the most successful region of the two and accounted for close to 70 percent of the total installed base in 2019. Today, city, commercial building and industrial site surveillance is the largest segment accounting for 60.1 percent of the installed base. Smart home security cameras is the second largest segment, accounting for 38.4 percent of the installed base. Video telematics for commercial vehicles and body-worn cameras are smaller segments, representing around 1.1 percent and 0.4 percent of the installed base respectively.

Video cameras connected via mobile networks have traditionally been rather uncommon mainly due to requirements on bandwidth and reliability. Berg Insight estimates that only about 2 percent of the installed base of connected video cameras today use cellular technology. With the introduction of 5G networks, which is currently being rolled out across Europe and North America, the number of video cameras featuring mobile connectivity is anticipated to grow fast.

Researchers forecast that the installed base of video cameras featuring mobile connectivity will grow at a CAGR of 40.7 percent from 3.7 million units 2019 to 20.4 million units in 2024.

5G communications technology will have a major impact on all the video camera segments covered in this study and will result in a range of new use cases as well. Video surveillance systems will now be possible to install at remote or difficult locations. Body-worn cameras can provide police officers and other workers in the field with real-time data that are crucial for operations.

Leave a Reply