Smart Camera Market Overview:
Smart cameras are cameras which can perform tasks beyond recording videos. They are equipped with features which allow uploading and sharing photos online with the help of Wi-Fi or LTE connection. Smart cameras are compatible with different operating systems. The global smart cameras market is predicted to reach USD 2 Bn at a CAGR of 8% over the forecast period of 2018-2023, asserts Market Research Future (MRFR) in a detailed study.
Smart Cameras Market are gaining massive popularity in surveillance and machine vision industries. They are capable of recognizing human behavior and motion detection, vehicle number plate recognition owing to which they find intensive application in automated control systems. Industrial machine vision is one of the most active playgrounds for smart cameras. The demand for smart cameras is steadily increasing in end-user industries such as electronics, pharmaceutical, semiconductor, manufacturing, food, and plastic & printing. Towering demand for better production efficiency and quality control in diverse end-user industries
One of the most common and well-known applications of smart cameras is in video surveillance in both residential as well as commercial buildings. Other important application areas for smart cameras include ITS (Intelligent Transport Systems), automobiles, HCI (Human-Computer Interface), medical/healthcare, games, toys, video conferencing, biometrics.
Numerous technological advancements in chip manufacturing, progress in system design and image sensors have resulted in key developments in the smart camera market which has further accelerated the growth of the global smart camera market.
With developments in semiconductor chips and hardware, smart cameras have evolved for the better which has boosted the growth of the global smart cameras market. Reduction in the price of hardware has eliminated the hardware constraints which has made them widely available and affordable for both end users and R&D activities.
On the other hand, the growth of the market might be restrained by high costs associated with smart cameras and lack of technical know-how to operate smart cameras.
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The key players in the global smart cameras market include Nikon Corporation (Japan), Panasonic Corporation (Japan), Bosch Security Systems, Inc. (Germany), Polaroid Corporation (U.S.), Watec Cameras Inc. (Japan), Flir Systems, Inc. (U.S.), Canon Inc. (Japan), Sony Corporation (Japan), Raptor Photonics Ltd. (U.K.), Samsung Electronics Co. Ltd. (South Korea), Olympus Corporation (Japan), VMukti Solutions Pvt. Ltd. (India), VIVOTEK Inc. (Taiwan), Zmodo (U.S.), Axis Communications AB (Sweden), Vivint, Inc. (U.S.), and IntelliVision (U.S.).
The global smart cameras market has been segmented based on type, component, technology, application, and connectivity.
- By type, the global smart cameras market has been segmented into stand-alone smart cameras, single-chip smart cameras, embedded systems smart cameras, and PC & network-based smart cameras.
- By component, the global smart cameras market has been segmented into display, image sensors, processors, lens, and, others.
- By technology, the global smart cameras market has been segmented into sensors (CMOS and CCD) and scanning (area scan and line scan).
- By application, the global smart cameras market has been segmented into video surveillance, consumer electronics, industrial, transportation, automobile, medical, and others.
- By connectivity, the global smart cameras market has been segmented into Wi-Fi, Bluetooth, wireless HART, and others.
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By region, the global smart cameras market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). APAC is the largest market for smart cameras spurred by the presence of key players in the region. Augmenting infrastructural activities in the region coupled with expanding manufacturing base in the region supports the growth of the APAC market.
In addition, the region is increasingly adopting smart cameras in the military and defense sector. Flourishing growth of the electronics and semiconductor industries in countries such as China and Taiwan is also likely to act as a contributing factor to the growth of the market. Europe is a significant revenue pocket spurred by surging demand for security and surveillance at public places.
In January 2019, Arlo, a leading American smart camera brand introduced a new smart-home security camera which would capture and stream footage in 4K.
The new smart camera is capable of recognizing additional information such as car license plate or a clearer look at objects. The new smart camera is equipped with advanced features such as integrated spotlight, dual microphones, and 4K image sensors.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table 1 Smart Cameras Market: By Region, 2018–2023
Table 2 North America Smart Cameras Market: By Country, 2018–2023
Table 3 Europe Smart Cameras Market: By Country, 2018–2023
List of Figures
Figure 1 Global Smart Cameras Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Smart Cameras Market
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