Global Smart
Camera Market by Application (Public Spaces, Military & Defense, Transit
Facilities, Commercial Facilities, Enterprise & Government Infrastructure,
Residential Infrastructure) by Sensor Type (CMOS Sensor, CCD Sensor) and Region
- Global Forecast to 2024
Smart
camera is an image processing system. These cameras are flexible,
reprogrammable and help in better communication which benefits machine vision
system with easier integration of camera into the system. These smart cameras
have the capability of interacting with smartphone and PC applications. Smart
camera can directly share and upload pictures and videos on various social
media platforms and photo-sharing portals.
Smart
cameras are basically used for monitoring and surveillance purposes in home,
industrial and others. There are various applications of smart cameras in
real-world such as for video surveillance and industrial machine vision. The
industrial machine vision is probably the most favorable application of smart
camera.
Market Size and Forecast
The global
smart camera market is expected to expand at a CAGR of 18.2% over the forecast
period i.e. 2017-2024. Further, the smart camera market
is anticipated to reach USD 6.2 Billion globally by 2024. Rising demand for
smart camera in commercial, residential infrastructure, public places, military
and others for security and surveillance is projected to foster the growth of
smart camera market.
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Geographically,
Asia-Pacific region accounted for the highest market share in the revenue of
smart camera followed by North America. The Asia-Pacific region is anticipated
to grow at a CAGR of 21% over the forecast period. Rapid economic development
in India, China and Japan is anticipated to propel the growth of smart camera
market over the forecast period. Further, product innovation by manufacturers
in China, Korea, and Singapore is fuelling the growth of smart camera in this
region. Moreover, Asia-Pacific is witnessing rapid urbanization and
modernization of structural developments such as integration of hi-tech
security system in new building constructions. This factor is believed to
positively impact the growth of smart camera market.
North
America region holds the second largest market share in smart camera market
across the globe. Further, evolution of user-friendly technologies is
anticipated to foster the demand for smart camera in this region. U.S. is
anticipated to account for the highest percentage of market share in this
region over the forecast period. Apart from this, some of the developing
regions such as Latin America are also anticipated to witness a robust growth
owing to the adoption of advanced technologies. Furthermore, Latin America is
expected to grow at a CAGR of 31% by the end of
2024.
Market Segmentation
Our
in-depth analysis segmented the global smart camera market in the following
segments:
By Application
Public
Spaces
Military
& Defense
Transit
Facilities
Commercial
Facilities
Enterprise
& Government Infrastructure
Residential
Infrastructure
By Sensor Type
CMOS
Sensor
CCD Sensor
By Region
Global
smart camera market is further classified on the basis of region as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest
of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa)
Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Growing
concern for security and surveillance in public spaces such as railways
stations, public squares and parks is envisioned to bolster the demand for
smart camera. Further, global growth of smart camera can be attributed to
technological advancements in improved quality imaging. In addition,
modernization of complementary metal oxide semiconductors (CMOS) image sensors,
smart lenses, embedded system designs and chip manufacturing are also believed
to flourish the growth of smart cameras market over the period 2017-2024.
Moreover, governmental
norms for strengthening the surveillance and security of public spaces are
fuelling the growth of the global smart camera market. Further, the rising
investments in infrastructural facilities would lead to the installation of the
smart cameras for monitoring and security in the residential apartments and
industries.
However,
lack of standardization for the installation of smart cameras is projected to
dampen the growth of smart camera market. Further, high cost associated
with smart cameras is anticipated to hinder the growth of smart camera market
in the near future.
Key
players
The major
key players for smart camera market are as follows
Canon Inc.
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Nikon
Corp.
Panasonic
Corp.
Samsung
Group
Sony Corp.
Olympus
Corporation
Polaroid
Corporation
Ata-Vision
Bosch
security system
Basler
Vision Technologies
Raptor
photonics
Datalogic
S.P.A
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
smart camera market is segmented as follows:
By
Application Market Size & Y-O-Y Growth Analysis
By Sensor
Type Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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