AI Camera Market was valued at US$ 11.28 billion in 2022, and is predicted to grow at a CAGR of 24 % to USD 50.86 billion by 2029.
AI Camera Market Overview:
The AI Camera Market research study investigates and analyses the market's position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy personalities, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
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AI Camera Market Scope:
We looked at the AI Camera Market from every perspective possible, using both primary and secondary research methods. This increased our understanding of current market dynamics such supply-demand imbalances, pricing trends, product preferences, and customer behaviour. The data is then compiled and assessed using a range of market estimates and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.
AI Camera Market Segmentation:
The market has been divided into DSLR cameras, surveillance cameras, and smartphone cameras based on kind. The market share that belongs to the surveillance camera industry is the largest. AI cameras can combine HDR photographs in favorable lighting. On the other hand, in low light, they can switch to multi-image recording and use computational imaging to produce a stepless zoom effect with two or more camera modules. The demand for these AI surveillance camera features is rising quickly since they are particularly useful in security systems.
The market is segmented by technology into voice/speech recognition, computer vision, image/face recognition, and other categories. Image/face recognition technology has the largest market share since it is widely used in smartphones. Many smartphones today can identify objects and faces while taking pictures. Security systems using image and facial recognition are also promoting market growth. Additionally, the inclusion of image/face recognition in cameras motivates governments to fund AI projects in sectors like healthcare, transportation, and others.
According to vertical, the market has been divided into the following sectors: retail, public & private sector, healthcare, legal, and education; banking, financial services, & insurance (BFSI); and automotive. Over 40% of the market for AI-based cameras comes from the public and social sectors, followed by retail, automotive, healthcare, and BFSI.A important application area for the market ecology of AI-based cameras is smart cities. They are mostly used for traffic and surveillance monitoring.
1. AI Camera Market, by Type (2022-2029)
• Smartphone
• DSLR
• Surveillance
2. AI Camera Market, by Technology (2022-2029)
• Image/ face recognition
• Voice/ Speech recognition
• Computer vision
• Others
3. AI Camera Market, by vertical (2022-2029)
• Public & private sector
• Healthcare
• Retail
• BSFI
• Education
• Automotive
• Legal
AI Camera Market, by Region (2022-2029)
• North America
• Europe
• Asia-pacific
• South America
• Middle East & Africa
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AI Camera Market Key Players:
1. Axis Communications AB (Lund, Sweden)
2. Bosch Security Systems (Grasbrunn, Germany)
3. D-Link Corporation (Taiwan)
4. Eagle Eye Networks (United States)
5. Hangzhou Hikvision Digital Technology Co., Ltd. (China)
6. Hanwha Techwin America (United States)
7. Panasonic Corporation (Japan)
8. Swann (Australia)
9. Canon (Japan)
10. Samsung Electronics (South Korea)
11. Xiaomi Inc (China)
12. Huddly AS (Norway)
13. LG Electronics (South Korea)
14. Sony Corporation (Japan)
15. Honeywell International (United States)
16. FLIR Systems, Inc. (United States)
17. VIVOTEK Inc (Taiwan)
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Regional Analysis:
The study takes an in-depth look at the local industry, using both qualitative and quantitative data. It gives a segment-by-segment overview and forecast of the worldwide AI Camera market. It also offers market size and forecast estimates for five major regions, including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, from 2021 to 2027. Each area's AI Camera market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on AI Camera Market:
We thoroughly researched and analyzed the Global AI Camera Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the potential of the global AI Camera industry, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The major purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this investigation looked into the markets of major countries and highlighted their market potential.
Key Questions Answered in the AI Camera Market Report are:
- What are the most promising high-growth opportunities in the global AI Camera sector, as defined by product category, End User, and Region?
- Which AI Camera market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing AI Camera market dynamics? What are the primary drivers and obstacles in the AI Camera market?
- What are the AI Camera market's business risks and dangers?
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