Global Smart Cameras Market, By Type (Stand- Alone Smart Cameras, Single-Chip Smart Cameras, Embedded Systems Smart Cameras and PC and Network- Based Smart Cameras), Component (Display, Image Sensors, Processors, Lens and Others), Technology (Sensors, Scanning), Application (Video Surveillance, Consumer Electronics, Industrial, Transportation, Automobile, Medical and Others), Connectivity (Wi-Fi, Bluetooth, Wireless HART and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Growth and expansion of security and surveillance industry, rise in the demand for digital cameras along with the features resembling smartphone, and increasing application of smart cameras by a wide range of end use applications such as video surveillance, consumer electronics, industrial, transportation, automobile, medical and others are the major factors attributable to the growth of smart cameras market. Data Bridge Market Research analyses that the smart cameras market will exhibit a CAGR of 10.20% for the forecast period of 2021-2028. Therefore, the smart cameras market would stand tall by USD 11.13 billion by 2028.
Smart cameras are those image processing systems that are used for monitoring industrial automation. Also known as intelligent cameras, smart cameras comprise of standalone vision system and an inbuilt image sensor. This results in its application by a wide range of industry verticals.
Rising focus on the adoption of better security solutions will emerge as the major market growth driving factor. Growing digitization of emerging economies like India and China and rising research and development proficiencies for the development and advancement of technology involved will further aggravate the market value. Growing adoption of automated technologies by the industries and growth and expansion of semiconductors industry especially in the emerging economies will further carve the way for the growth of the market.
However, high costs associated with the initial investment and maintenance will act as a growth restraint for the market. Growing availability of smartphones with advanced camera quality will further dampen the growth rate of the market. Dearth of technical expertise in the underdeveloped economies is another market growth restraint.
This smart cameras market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on smart cameras market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Cameras Market Scope and Market Size
The smart cameras market is segmented on the basis of type, component, technology, application and connectivity. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The smart cameras market on the basis of type has been segmented into stand- alone smart cameras, single-chip smart cameras, embedded systems smart cameras and PC and network- based smart cameras.
- Based on component, the smart cameras market has been segmented into display, image sensors, processors, lens and others.
- On the basis of technology, the smart cameras market has been segmented into sensors and scanning.
- On the basis of application, the smart cameras market is segmented into video surveillance, consumer electronics, industrial, transportation, automobile, medical and others. Sensors segment is sub-segmented into CCD and CMOS. Scanning segment is sub-segmented into line scan and area scan.
- On the basis of connectivity, the smart cameras market is segmented into Wi-Fi, Bluetooth, wireless HART and others.
Smart Cameras Market Country Level Analysis
The smart cameras market is analysed and market size, volume information is provided by country, type, component, technology, application and connectivity as referenced above.
The countries covered in the smart cameras 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, Israel, Egypt, South Africa, 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.
Asia-Pacific region dominates the smart cameras market and will continue to flourish its trend of dominance during the forecast period. This is because the rising adoption of smart cameras by security and defense industry. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the rising penetration of electronics and robust growth of security and surveillance industry.
The country section of the smart cameras market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Smart Cameras Market Share Analysis
The smart cameras 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 smart cameras market.
The major players covered in the smart cameras market report are SAMSUNG, Sony Corporation, FLIR Systems, Inc., Panasonic Corporation, Raptor Photonics, Olympus Corporation, Bosch Sicherheitssysteme GmbH, Koninklijke Philips N.V., Hamamatsu Photonics K.K., Danaher, Canon Inc., Nikon Corporation, PLR Ecommerce, LLC., WATEC CAMERAS, IntelliVision., VIVOTEK Inc., VMukti Solutions Pvt. Ltd., Axis Communications AB., Zmodo and Basler AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.