At 20.0% CAGR, Europe 3D Surveillance Camera Market is Projected to be Worth US$ 2,170.56 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe 3D surveillance camera market was valued at US$ 504.04 million in 2022 and is expected to reach US$ 2,170.56 million by 2030, registering a CAGR of 20.0% from 2022 to 2030. Rising demand for security & surveillance and increasing developments in smart cities are among the critical factors attributed to drive the Europe 3D surveillance camera market growth.

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. 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 growth of the market.

On the contrary, data sensitivity and privacy concerns hampers the growth of Europe 3D surveillance camera market.

Based on product type, the Europe 3D surveillance camera market is segmented into dome camera, bullet camera, PTZ camera, and others. The dome camera segment held 34.3% share of Europe 3D surveillance camera market share in 2022, amassing US$ 172.65 million. It is projected to garner US$ 767.13 million by 2030 to register 20.5% CAGR during 2022-2030.

In terms of technology, the Europe 3D surveillance camera market is segmented into stereoscopic imaging, time of flight, and structured light imaging. The stereoscopic imaging segment held 45.5% share of Europe 3D surveillance camera market in 2022, amassing US$ 229.19 million. It is anticipated to garner US$ 971.05 million by 2030 to expand at 19.8% CAGR during 2022-2030.

By application, the Europe 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 27.3% share of Europe 3D surveillance camera market in 2022, amassing US$ 137.85 million. It is projected to garner US$ 534.75 million by 2030 to expand at 18.5% CAGR from 2022 to 2030.

Based on country, the Europe 3D surveillance camera market is categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 27.6% share of Europe 3D surveillance camera market in 2022. It was assessed at US$ 139.32 million in 2022 and is likely to hit US$ 633.74 million by 2030, registering a CAGR of 20.8% during 2022-2030.

Key players operating in the Europe 3D surveillance camera market are 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; CBC Co., Ltd.; and 3dEYE Inc., among others.

• In September-2022, Hikvision announced an addition to its Pro series PTZ cameras, including the integration of ColorVu technology for the first time in this range. With ColorVu, Hikvision's new Pro series cameras can provide consistent image brightness and full color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.
  
  
• In July-2022, Hikvision introduces its new range of security cameras - the PT-Series - designed for SMB users with easy installation and flexible camera viewing angles while applying other well-known Hikvision technologies for excellent imaging. With these new PT Cameras, Hikvision now offers SMB customers high-quality installations requiring fewer cameras while providing more flexibility and durability.
  
  
• In July-2022, Hikvision announced the launch of its new DeepinView bullet network cameras with TandemVu technology, expanding the reach of TandemVu technology from PTZ units to bullet-styled models. The new TandemVu-enabled bullet cameras can monitor large scenes and close-up details simultaneously, maintaining both 'viewpoints' for improved situational awareness and security capability.

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