Worldwide Smart Cameras Market Estimated to Witness a Significant Growth By 2022

Global Smart Camera Market, by Technology (Sensor (CMOS, CCD), Scanning (Area, Line)), by Type (Embedded systems, Stand-alone, Single chip), by Application (Automobile, Medical, Transportation, Video surveillance) – Forecast 2022

Smart Cameras are high-quality image sensors which generate application specific data to be used in an autonomous and intelligent system. Smart cameras can perform tasks far beyond simply taking photos and recording videos. Thanks to the purposely built-in intelligent image processing and pattern recognition algorithms. In a nutshell, smart cameras are designed for special application purpose which includes surveillance and industrial machine vision. They are essential components to build active and automated control systems for many applications; these low-cost, low-power systems push the design space in many dimensions and will play significant role in our daily life in the near future.

Smart Cameras describe a holistic approach covering sensing and signal processing and offer coverage of fundamental technology and fresh, state-of-the-art results for event detection targeted toward practical applications, present unique useful research results. Depending upon the specific industry; smart cameras are used for a host of applications in industrial automation and home automation systems. Such as industrial surveillance, military surveillance, ITS (Intelligent Transport Systems) and healthcare. Other important markets for smart cameras are surveillance industries, automobiles, HCI (Human Computer Interface), medical/healthcare, games, toys, video conferencing, biometrics, education and even Home appliances industry.  

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According to a recent study report published by the Market Research Future, the global market for Smart Cameras is expected to witness a rapid growth in the recent future, in terms of value and volume. Smart Cameras Market is predicted to grow in the future with a significant rate of CAGR; witnessing an exponential growth crossing its previous growth records by the end of the forecasted period (2016 – 2022). The growing demand of surveillance in industries, education, and healthcare is generating demand for the market growth of smart camera market.

Since the late 1990s smart cameras have enjoyed a significant popularity and market acceptance, especially in surveillance and machine vision industries. The demand for smart cameras will steadily increase in traditional industries such as surveillance and industry machine vision, and may also come from new industry and market segments such as healthcare, entertainment, education and so on, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 110 pages. 

Global Smart Cameras    Market –  Key Players

The global smart camera market appears to be fairly stable and less competitive with less number of players operating in the market.  Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market. For instance – Flir Systems, Inc. has acquired Armasight Inc., a global leader in in night vision, and day light imaging products for sports, hunting and military customers. This acquisition would increase scopes and sight business of Flir systems to better serve outdoor sports, law enforcement and military market. In another instance, Raptor Photonics has launched Toucan, a spectroscopy detectors technology recently in September 2016 for OEM and other instrumentation market. Consumer demanding more of smartphone resembling camera is prompting various software companies to invest in the smart camera manufacturing.

Key Players

  • Samsung electronics Co. Ltd. (South Korea)
  • Sony Corporation (Japan)
  • Bosch security systems, Inc. (Germany)
  • Canon Inc. (Japan)
  • Nikon corporation (Japan)
  • Flir Systems, Inc. (U.S.)
  • Panasonic Corporation (Japan)
  • Raptor Photonics Ltd. (U.K.)
  • Olympus Corporation (Japan)
  • Polaroid Corporation (U.S.)
  • Watec Cameras Inc. (Japan)  

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Global Smart Cameras    Market  –   Segments

Global Smart Cameras Market can be segmented as follows:

Segmentation by Type                  : Stand-alone, Single-chip, Embedded system, and PC & network based smart cameras among others.

Segmentation by Component    : Display, Image sensors, Processors, Lens, and communication interface among others.

Segmentation by Technology    : sensor (CMOS, CCD), and Scanning (area scan, Line scan) among others.

Segmentation by Applications: Video surveillance, Industrial, Transportation, Automobiles, and Medical among others.

The increased demand from home automation and industrial automation sectors will fuel the smart camera market during the forecast period. 

Global Smart Cameras Market – Synopsis & Scenario

The smart camera market is mainly driven by the advancement in home- and industrial- automation and by the technological advancements in smart camera technology. Additionally, consumer desire to have digital camera combined with features resembling smartphone is estimated to augment demand of smart camera to some extent. The anticipated growth in the electronics and semiconductor industry will create new opportunities for smart camera market. Price reduction in PC-based smart camera and government focus on strengthening the surveillance and security system is also anticipated to fuel the growth of smart camera market during the forecast period. 

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However, not everything is picture perfect in the smart camera market; lack of standardization is a key challenge for the widespread adoption of smart cameras, also, regulations regarding limited use of smart cameras for surveillance at public places may restrain the growth of the market. Furthermore, the use of smart cameras in developing countries is limited to surveillance, security, and transportation sectors, this may act as a challenge for market growth during the forecast period.

Global Smart Cameras    Market – Regional Analysis

Asia-Pacific is dominating the Global Smart Cameras Market with the largest market share in the region. Smart Cameras Market in North-America market is expected to grow at a significant rate of CAGR by 2022. The Europe market for Smart Cameras Market is expected to grow at a considerable rate of CAGR during 2016-2022.

Innovation in CMOS image sensors, embedded system designs, smart lenses, and chip manufacturing has expanded the scope of smart camera applications. However, smartphone with better camera quality can hinder the growth of smart camera.

 

 

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