Global Computer Vision AI Camera Market, By Product (Smartphone Cameras, Surveillance Cameras, DSLRs, Others), Vertical (Automotive, Enterprise, Consumer, Banking, Financial Services, & Insurance (BFSI), Government, Retail, Healthcare, Military, Legal, Education, Others), Type (4K, 8K, Others) – Industry Trends and Forecast to 2029.
Computer Vision AI Camera Market Analysis and Size
Artificial intelligence (AI) in computer vision technology is gaining traction in a variety of applications, including computer vision solutions in consumer drones and autonomous & semi-autonomous vehicles. Recent advances in computer vision, such as image sensors, advanced cameras, and deep learning techniques, have expanded the scope of computer vision systems in a variety of industries, including education, healthcare, robotics, consumer electronics, retail, manufacturing, and security & surveillance, to name a few.
Data Bridge Market Research analyses that the computer vision AI camera market which was growing at a value of 11.22 billion in 2021 and is expected to reach the value of USD 60.33 billion by 2029, at a CAGR of 23.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Computer Vision AI Camera Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Smartphone Cameras, Surveillance Cameras, DSLRs, Others), Vertical (Automotive; Enterprise; Consumer; Banking, Financial Services, & Insurance (BFSI); Government; Retail; Healthcare; Military; Legal; Education; Others), Type (4K, 8K, Others),
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
Apple Inc. (U.S.), Canon Inc.(Japan), Hanvon Technology Co. Ltd (China), Hewlett Packard Enterprise Development LP (U.S.), Moleskine (Italy), NeoLab Convergence, Inc. (South Korea), Toshiba Corporation (Japan), Wacom (Japan), XCALLIBRE (South Africa), Anoto Group AB (Sweden), STAEDTLER Mars GmbH & Co. KG (Germany), NeoLAB Convergence Inc. (South Korea), Luidia, Inc. (Canada), Microsoft (U.S.), SAMSUNG (South Korea), Logitech. (Switzerland), Sony Corporation (South Korea)
Artificial intelligence (AI) is the ability of a computer or a computer-enabled robotic system to manage information and produce results in learning, decision making, and problem solving that are similar to human thought processes. Computer vision is a branch of computer science that focuses on simulating the complexity of the human vision system and enabling computers to recognise and process objects in images and videos in the same way that humans do.
Global Computer Vision AI Camera Market Dynamics
- Growing advancements in AI technology by major players
The continued investment in AI techniques by major OEMs is driving the arrival of computer vision technology in smartphones. The new generation of smartphones includes features such as sophisticated cameras with higher resolutions that capture more data in order to improve the overall accuracy of visual recognition and the reliability of facial recognition. All of these new technological transformations are made possible by computer vision. Computer vision is a thriving industry, as this technology is used in a variety of everyday products. E-commerce companies such as Asos and Alibaba are adding visual search features to their websites in order to improve and personalise the shopping experience.
- Growing demand for enhanced security functions
Security is critical for everyone, and many new technologies and developments are being implemented to improve security everywhere. Many different security devices with Computer vision have been developed today. People's safety and security are enhanced by facial recognition biometric devices, security cameras, and drones. This Computer Vision technology is used in a variety of products, including gaming and retail, because it improves people's overall experiences and creates a new platform for them.
- Modernization and growing marketing strategies
The advancement and development of big data, as well as the integration of artificial intelligence technology in devices, will create additional opportunities for the growth of the computer vision AI (artificial intelligence) camera market during the forecast period.
- High installation cost
In the forecasted period, market restraints for computer vision AI (artificial intelligence) cameras include high technology costs and a lack of flexible computer vision solutions.
This computer vision AI camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the computer vision AI camera market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Global Computer Vision AI Camera Market
The global economy and humanity have been devastated by the COVID-19 pandemic. Due to the high infection rate and the negative impact on public health systems, governments in various countries were forced to implement state-wide lockdowns, causing disruptions in production, supply chains, trade, and related services. Due to a shortage of semiconductor chips on the market, manufacturing of smartphones and cameras was halted, causing delays in the AI camera market. Furthermore, as people became more isolated in their homes, demand for security systems fell dramatically. However, the AI camera market has been steadily growing in recent months and is expected to continue doing so over the next five years. In the coming years, the demand for video systems that detect employees who are not wearing masks or alert managers to perform mandatory safety checks in workplace premises is expected to skyrocket. Furthermore, the growing use of AI cameras that can alert growers if their plants are drooping and plant managers if there is a problem with a production line may boost market growth.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures
Global Computer Vision AI Camera Market Scope
The computer vision AI camera market is segmented on the basis of product, type, and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Smartphone Cameras
- Surveillance Cameras
- Banking, Financial Services, & Insurance (BFSI)
Computer Vision AI Camera Market Regional Analysis/Insights
The computer vision AI camera market is analysed and market size insights and trends are provided by country, product, type, and vertical as referenced above.
The countries covered in the computer vision AI camera market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
During the forecast period, North America is expected to have the highest revenue share in the Computer Vision AI camera market. Profit growth in the North American market is being driven by an increase in the use of cutting-edge technology, the rise of the retail and e-commerce sectors, and the presence of major industry players. North America has a significant influence on the global Computer Vision industry.
Asia-Pacific region is the dominant region in the global computer vision AI camera market. The area accounts for a significant market share in the global AI camera security market due to the abundance of cost-competitive workforces and raw material advantages. With significant breakthroughs in surveillance, consumer electronics, and retail, China and Japan are the regional market leaders. China produces roughly 40% of the world's CCTV cameras. The APAC AI camera market is expected to grow at the fastest rate during the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Computer Vision AI Camera Market Share Analysis
The computer vision AI camera market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to computer vision AI camera market.
Some of the major players operating in the computer vision AI camera market are:
- Apple Inc. (U.S.)
- Canon Inc. (Japan)
- Hanvon Technology Co. Ltd (China)
- Hewlett Packard Enterprise Development LP (U.S.)
- Moleskine (Italy)
- NeoLab Convergence, Inc. (South Korea)
- Toshiba Corporation (Japan)
- Wacom (Japan)
- XCALLIBRE (South Africa)
- Anoto Group AB (Sweden)
- STAEDTLER Mars GmbH & Co. KG (Germany)
- NeoLAB Convergence Inc. (South Korea)
- Luidia, Inc. (Canada)
- Microsoft (U.S.)
- SAMSUNG (South Korea)
- Logitech. (Switzerland)
- Sony Corporation (South Korea)