Malaysia CCTV Market (2024-2030) | Growth, Industry, Value, Share, Size, Trends, Analysis, Segmentation, Revenue, Outlook & COVID-19 IMPACT

Market Forecast By Product Types (Conventional, Discreet, Dome, Bullet CCTV Cameras), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Applications (BFSI, Healthcare, Transportation, Education, Business, Retail), By Surveillance Components (CCTV Camera, Video Surveillance Storage Mechanisms, Video Surveillance Software, Analytics) And Competitive Landscape

Product Code: ETC013606 Publication Date: Jan 2024 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 30 No. of Tables: 5

Malaysia CCTV Market Competition 2023


Malaysia Export Potential Assessment For CCTV Market (USD Values in Thousand)


Topics Covered in the Malaysia CCTV Market

Malaysia CCTV market report thoroughly covers the market by Product Types, Technology, Applications and Surveillance Components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia CCTV market Synopsis

Malaysia CCTV Market is likely to grow in the forecast period due to due to the increasing adoption of CCTV in the households and commercial sectors. Closed-circuit television (CCTV) is a TV system that uses video cameras to transmit footage to a specific place to monitor and record activities. The increasing security concerns among households and industries are major drivers of the CCTV market in Malaysia. Concerns about theft, vandalism, and property damage have led to an increase in the demand for CCTV systems. Furthermore, the reduction in the cost of cameras and storage systems, coupled with improvements in technology, has resulted in their greater accessibility, particularly in the commercial and governmental sectors

According to 6Wresearch, the Malaysia CCTV market size is projected to grow at the CAGR of 4.8 % during the forecast period of 2024-2030. The primary driver for the growth of the CCTV market in Malaysia is the country's rapid urbanization and the need to ensure public security. Urban areas such as Kuala Lumpur experience high rates of criminal activity, making CCTV surveillance an essential measure. The government's initiative to create sustainable smart cities has further boosted the market demand for CCTV solutions. The growing adoption of technologies such as IoT and AI in CCTV cameras has led to the development of smart CCTV systems, which have further propelled the market growth. the evolution of IoT (Internet of Things) technology, which allows cameras to be connected to the cloud, has resulted in the installation of CCTV cameras at hotels, shopping centers, and airports, resulting in a significant rise in demand for the products. The market is significantly competitive, which constitutes a significant challenge for the sellers who strive to establish their products in the market. Establishing their products in the market is challenging, as the awareness among the people about technology and its use is low, and low consumer engagement due to lack of knowledge. Infrastructure issues, including weak data protection, poor surveillance control initiatives, and limited promotional efforts, are also possible deterrents to the Malaysia CCTV market Growth.

Government policies and schemes introduced in the Malaysia CCTV market

The Malaysian government has undertaken several initiatives to promote the growth of the CCTV market in Malaysia. The government has introduced enhanced surveillance programs in public transportation systems and plans to install more CCTV cameras at major public areas in the city. Moreover, the government is supporting the development of the smart city initiative, which is expected to create more opportunities and boost the demand for CCTV solutions in the country.

Leading players in the Malaysia CCTV market

Malaysia's CCTV market is highly competitive, with the presence of several key players. Some of the significant players in the market include Hikvision, Dahua Technology Co. Ltd, Axis Communications AB, Bosch Security Systems, and Avtech.

Market analysis by Product Types

One of the primary segments of Malaysia's CCTV market is the different types of CCTV cameras available. Conventional, discreet, dome, and bullet CCTV cameras are the most commonly used types of cameras in the Malaysian market. The deployment of cameras depends on the requirements of the end-users and the purpose of the surveillance. The conventional CCTV camera continues to hold the highest market share, primarily due to its affordability. However, the dome and discreet cameras are making significant inroads into the market due to their elegant designs and high-quality images and leading to   rise in Malaysia CCTV market Share.

Market analysis by Technology

The introduction of new technology has revolutionized the CCTV market in Malaysia. Analog CCTV, wireless CCTV, IP-based CCTV, and hybrid CCTV systems have a strong market presence in Malaysia. IP-based CCTV systems are expected to register the highest growth rate during the forecast period. These systems offer the user flexibility regarding remote monitoring, as images captured can be viewed through a smartphone or computer. Hence, the increased usage of IP-based CCTV systems will drive the growth of this segment.

Market analysis By Applications

According to Ravi Bhandari, Research Head, 6Wresearch, CCTV cameras find applications in various sectors such as BFSI, healthcare, transportation, education, business, and retail. The retail sector has the largest market share in Malaysia's CCTV market due to its extensive usage for loss prevention.

Market analysis By Surveillance Components

The surveillance components segment of Malaysia's CCTV market can be divided into CCTV cameras, video surveillance storage mechanisms, video surveillance software, and analytics. The increased use of high-resolution cameras has driven growth in the video surveillance storage mechanism segment.

Key attractiveness of the report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023.
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Malaysia CCTV Market Outlook
  • Market Size of Malaysia CCTV Market, 2023
  • Forecast of Malaysia CCTV Market, 2030
  • Historical Data and Forecast of Malaysia CCTV Revenues & Volume for the Period 2023-2030
  • Malaysia CCTV Market Trend Evolution
  • Malaysia CCTV Market Drivers and Challenges
  • Malaysia CCTV Price Trends
  • Malaysia CCTV Porter's Five Forces
  • Malaysia CCTV Industry Life Cycle
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Product Types for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Conventional for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Discreet for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Dome for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Bullet CCTV Cameras for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Technology for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Analog CCTV Systems for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Wireless CCTV Systems for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By IP-based CCTV Systems for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Hybrid CCTV Systems for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Applications for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By BFSI? for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Healthcare for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Transportation for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Education for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Business for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Retail for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Surveillance Components for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By CCTV Camera for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Video Surveillance Storage Mechanisms for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Video Surveillance Software for the Period 2023-2030
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Analytics for the Period 2023-2030
  • Malaysia CCTV Import Export Trade Statistics
  • Market Opportunity Assessment By Product Types
  • Market Opportunity Assessment By Technology
  • Market Opportunity Assessment By Applications
  • Market Opportunity Assessment By Surveillance Components
  • Malaysia CCTV Top Companies Market Share
  • Malaysia CCTV Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia CCTV Company Profiles
  • Malaysia CCTV Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

Product Types

  • Conventional
  • Discreet
  • Dome
  • Bullet CCTV Cameras

By Technology

  • Analog CCTV Systems
  • Wireless CCTV Systems
  • IP-Based CCTV Systems
  • Hybrid CCTV Systems

By Applications

  • BFSI
  • Healthcare
  • Transportation
  • Education
  • Business
  • Retail

By Surveillance Components

  • CCTV Camera
  • Video Surveillance Storage Mechanisms
  • Video Surveillance Software
  • Analytics
Malaysia CCTV Market: FAQs
The awareness among the population and companies about the installation of advanced cameras range and the rising investment in R&D to develop innovative security products to serve various customers’ needs are some factors likely to secure a considerable growth of the Malaysia CCTV Market growth.
Technology advancements like integration of AI enabled and machine learning security systems and smart city initiatives, leading to bolstering intelligent CCTVs demand. These are some ongoing development in the Malaysia CCTV Market.
Low adoption rate due to less awareness among the population about security measures and high installation costs are resulting in affecting the Malaysia CCTV Market growth.
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Malaysia CCTV Market Overview
3.1 Malaysia CCTV Market Revenues & Volume, 2020 - 2030F
3.2 Malaysia CCTV Market - Industry Life Cycle
3.3 Malaysia CCTV Market - Porter's Five Forces
3.4 Malaysia CCTV Market Revenues & Volume Share, By Product Types, 2020 & 2030F
3.5 Malaysia CCTV Market Revenues & Volume Share, By Technology, 2020 & 2030F
3.6 Malaysia CCTV Market Revenues & Volume Share, By Applications, 2020 & 2030F
3.7 Malaysia CCTV Market Revenues & Volume Share, By Surveillance Components, 2020 & 2030F
4 Malaysia CCTV Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Malaysia CCTV Market Trends
6 Malaysia CCTV Market Segmentation 
6.1 Malaysia CCTV Market, By Product Types
6.1.1 Overview and Analysis
6.1.2 Malaysia CCTV Market Revenues & Volume, By Product Types, 2020 - 2030F
6.1.3 Malaysia CCTV Market Revenues & Volume, By Conventional, 2020 - 2030F
6.1.4 Malaysia CCTV Market Revenues & Volume, By Discreet, 2020 - 2030F
6.1.5 Malaysia CCTV Market Revenues & Volume, By Dome, 2020 - 2030F
6.1.6 Malaysia CCTV Market Revenues & Volume, By Bullet CCTV Cameras, 2020 - 2030F
6.2 Malaysia CCTV Market, By Technology
6.2.1 Overview and Analysis
6.2.2 Malaysia CCTV Market Revenues & Volume, By Analog CCTV Systems, 2020 - 2030F
6.2.3 Malaysia CCTV Market Revenues & Volume, By Wireless CCTV Systems, 2020 - 2030F
6.2.4 Malaysia CCTV Market Revenues & Volume, By IP-based CCTV Systems, 2020 - 2030F
6.2.5 Malaysia CCTV Market Revenues & Volume, By Hybrid CCTV Systems, 2020 - 2030F
6.3 Malaysia CCTV Market, By Applications
6.3.1 Overview and Analysis
6.3.2 Malaysia CCTV Market Revenues & Volume, By BFSI, 2020 - 2030F
6.3.3 Malaysia CCTV Market Revenues & Volume, By Healthcare, 2020 - 2030F
6.3.4 Malaysia CCTV Market Revenues & Volume, By Transportation, 2020 - 2030F
6.3.5 Malaysia CCTV Market Revenues & Volume, By Education, 2020 - 2030F
6.3.6 Malaysia CCTV Market Revenues & Volume, By Business, 2020 - 2030F
6.3.7 Malaysia CCTV Market Revenues & Volume, By Retail, 2020 - 2030F
6.4 Malaysia CCTV Market, By Surveillance Components
6.4.1 Overview and Analysis
6.4.2 Malaysia CCTV Market Revenues & Volume, By CCTV Camera, 2020 - 2030F
6.4.3 Malaysia CCTV Market Revenues & Volume, By Video Surveillance Storage Mechanisms, 2020 - 2030F
6.4.4 Malaysia CCTV Market Revenues & Volume, By Video Surveillance Software, 2020 - 2030F
6.4.5 Malaysia CCTV Market Revenues & Volume, By Analytics, 2020 - 2030F
7 Malaysia CCTV Market Import-Export Trade Statistics
7.1 Malaysia CCTV Market Export to Major Countries
7.2 Malaysia CCTV Market Imports from Major Countries
8 Malaysia CCTV Market Key Performance Indicators
9 Malaysia CCTV Market - Opportunity Assessment
9.1 Malaysia CCTV Market Opportunity Assessment, By Product Types, 2020 & 2030F
9.2 Malaysia CCTV Market Opportunity Assessment, By Technology, 2020 & 2030F
9.3 Malaysia CCTV Market Opportunity Assessment, By Applications, 2020 & 2030F
9.4 Malaysia CCTV Market Opportunity Assessment, By Surveillance Components, 2020 & 2030F
10 Malaysia CCTV Market - Competitive Landscape
10.1 Malaysia CCTV Market Revenue Share, By Companies, 2023
10.2 Malaysia CCTV Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
 

Market Forecast By Product Types (Conventional, Discreet, Dome, Bullet CCTV Cameras), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Applications (BFSI, Healthcare, Transportation, Education, Business, Retail), By Surveillance Components (CCTV Camera, Video Surveillance Storage Mechanisms, Video Surveillance Software, Analytics) And Competitive Landscape

Product Code: ETC013606 Publication Date: Oct 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia CCTV Market| Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Japan. It has registered a growth of 2.69% over the previous year. While Japan registered a growth of 31.94% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 1873 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1907 which signifies moderately concentrated in the market.

Malaysia CCTV Market| Country-Wise Share and Competition Analysis

Malaysia CCTV Market - Export Market OpportunitiesMalaysia CCTV Market - Export Market Opportunities

Topics Covered in the Malaysia CCTV Market

Malaysia CCTV Market report thoroughly covers the market by product types, by technology, by applications, and by surveillance components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Malaysia CCTV Market

Malaysia CCTV Market is estimated to proliferate anthem country backed by some ongoing trends & opportunities such as an integration of AI and machine learning into surveillance systems and advancement in technology. Furthermore, cloud-based storage systems are being opted for by companies to operate remotely, flexibly, and with scalability is considered a great opportunity for the market to grow significantly in the upcoming years.  Additionally, companies are continuing to invest the R&D practice to develop innovative surveillance products integrated with advanced features and allow to detect unusual activities comprehensively is another factor driving the Malaysia CCTV Market growth.

Malaysia CCTV Market Synopsis

Malaysia CCTV Market is widening due to the growing various factors such as rising technological advancement, rising security concerns, and government smart initiatives which are likely to fuel the demand for CCTVs. Also, rising cyber security and data privacy concerns are acting as great opportunistic factors that will accelerate the need for AI technology-enabled surveillance systems and this will further widen the market growth in the coming years.

According to 6Wresearch, the Malaysia CCTV Market size is estimated to register a sound growth during 2020-2026. The market is driven by the rising crime rates and security threats which have made businesses and individuals aware of the security importance, this is leading to propelling demand for CCTVs in the country. Also, the rising artificial intelligence-powered demand for efficient monitoring and detection practices is estimated to be a great opportunity for market expansion. However, advanced cameras are slightly expensive is acting as a major threat that limits the purchase leading to hampering the market growth. Although, rising demand for innovative security solutions with an increase in the need for comprehensive security solutions due to increasing security threats, this is estimated to propel the growth of the Malaysia CCTV industry.

COVID-19 Impact on the Malaysia CCTV Market

The COVID-19 pandemic had a significant impact on the Malaysia CCTV Market. The lockdown measures implemented by the government in the country led to the disruption the product supply chain, and the closure of all businesses further affecting the demand for CCTV installations. Although people staying at home and working from home looked for remote monitoring solutions which had gained popularity for cloud-based systems and artificial intelligence-powered cameras, this had resulted in a slight growth of product demand. According to the COVID-19 phase, Malaysia CCTV Market share has seen declining.

Key Players in the Malaysia CCTV Market

Certain well-renowned companies are shaping the market by offering a range of premium quality security products at a competitive prices are mentioned below:

  • Hikvision
  • Dahua Technology
  • Samsung Techwin
  • Panasonic Corporation
  • Bosch Security Systems
  • Avigilon
  • Axis Communications
  • Vivotek

Market Analysis by Product Types

Based on the product types, all product types including, Conventional, Discreet, Dome, and Bullet CCTV Cameras are being commonly used across various sectors as each operates differently for different security needs.

Market Analysis by Technology

According to Dhaval, Research Manager, 6Wresearch, analog cameras have been traditionally used due to their convenience, nevertheless, gradual shifting towards IP-based cameras and rising demand for wireless cameras due to technological advancement are estimated to be the largest factors that will drive the market growth in the coming years.

Market Analysis by Applications

Based on the application, all sectors are adopting security systems to ensure efficient security from any sort of crime, nonetheless, The BFSI sector is proliferating the CCTV demand in the country due to a high need for security and to monitor ATMs, financial institutions, and cash handling areas from frauds or another suspicious activity.

Market Analysis by Surveillance Components

Based on Surveillance Components, it is difficult to figure out the leading components as each of these is being used commonly in the country by several end sectors to serve security needs. Also, all have their own features that perform according they are designed for such as, CTV Camera to capture video footage of the specifically monitored area, and Video Surveillance Software is used to analyze the footage captured by CCTV.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Malaysia CCTV Market Outlook
  • Market Size of Malaysia CCTV Market, 2019
  • Forecast of Malaysia CCTV Market, 2026
  • Historical Data and Forecast of Malaysia CCTV Revenues & Volume for the Period 2016 - 2026
  • Malaysia CCTV Market Trend Evolution
  • Malaysia CCTV Market Drivers and Challenges
  • Malaysia CCTV Price Trends
  • Malaysia CCTV Porter's Five Forces
  • Malaysia CCTV Industry Life Cycle
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Product Types for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Conventional for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Discreet for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Dome for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Bullet CCTV Cameras for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Technology for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Analog CCTV Systems for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Wireless CCTV Systems for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By IP-based CCTV Systems for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Hybrid CCTV Systems for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Applications for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By BFSI? for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Healthcare for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Transportation for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Education for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Business for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Retail for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Surveillance Components for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By CCTV Camera for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Video Surveillance Storage Mechanisms for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Video Surveillance Software for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia CCTV Market Revenues & Volume By Analytics for the Period 2016 - 2026
  • Malaysia CCTV Import Export Trade Statistics
  • Market Opportunity Assessment By Product Types
  • Market Opportunity Assessment By Technology
  • Market Opportunity Assessment By Applications
  • Market Opportunity Assessment By Surveillance Components
  • Malaysia CCTV Top Companies Market Share
  • Malaysia CCTV Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia CCTV Company Profiles
  • Malaysia CCTV Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types

  • Conventional
  • Discreet
  • Dome
  • Bullet CCTV Cameras

By Technology

  • Analog CCTV Systems
  • Wireless CCTV Systems
  • IP-Based CCTV Systems
  • Hybrid CCTV Systems

By Applications

  • BFSI
  • Healthcare
  • Transportation
  • Education
  • Business
  • Retail

By Surveillance Components

  • CCTV Camera
  • Video Surveillance Storage Mechanisms
  • Video Surveillance Software
  • Analytics

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