Smart Camera Market Research Report 2024
Smart Camera Market Global Industry Analysis and Forecast (2024-2032) By Type (Chip-Smart Camera, Standalone Smart Camera, PC and Network-Based Smart Camera, Embedded System Smart Camera), Technology (Sensor Technology, Scanning Technology), Connectivity (Wired, Wireless), End-Users (Public Spaces, Military & Defense, Transit Facilities, Commercial Facilities, Enterprise & Government Infrastructure, And Residential Infrastructure), And Region
Smart Camera Market Synopsis
Smart Camera Market Size Was Valued at USD 6.6 Billion in 2023 and is Projected to Reach USD 14.22 Billion by 2032, Growing at a CAGR of 8.9% From 2024-2032.
Smart Camera is a machine vision system that, extracts application-specific information from the captured images in addition to image capture circuitry, along with generating event descriptions or making decisions that are used in an intelligent and automated system.The smart cameras are used for Traffic monitoring that requires high-quality images to meet its requirements, that detect and respond to a stimulus. Common traffic scenarios can involve rapid changes, such as high levels of activity. These Low-intensity areas are seen at the same time as high-beam areas in places like a vehicle's headlights.
They are used for monitoring and securing homes, commercial buildings, public spaces, and critical infrastructure facilities. They are also used in retail spaces to track foot traffic, and customer behavior, and optimize store layouts.They can be used in Manufacturing Industries to monitor factory floors, identify if any defects are there and to overcome them, track inventory, and improve overall productivity.They are used in Hospitals for remote patient monitoring, fall detection, and general surveillance in healthcare facilities. They are used to monitor crop health about the nutrients needed, detect pests, and also to improve irrigation systems through remote sensing.They are also used to track animal behavior in the Forest about their movements and also in Biodiversities and zoos and aid in conservation efforts. They are also used in sports events, games like Matches, and IPL to capture live video feeds, analyze player movements, and provide insights for coaches and trainers.
Top Active Players Involved Are:
“Hikvision (China), Dahua Technology (China), Axis Communications (Sweden), Bosch Security Systems (Germany), Hanwha Techwin (South Korea), FLIR Systems (United States), Avigilon Corporation (Canada), Honeywell International Inc. (United States), Pelco (United States), Canon Inc. (Japan), Sony Corporation (Japan), Vivotek Inc. (Taiwan), Arlo Technologies, Inc. (United States), MOBOTIX AG (Germany), Uniview (China), Genetec Inc. (Canada), IndigoVision Group plc (United Kingdom), March Networks (Canada), Verkada (United States), IDIS (South Korea), Amaryllo International B.V. (Netherlands), Infinova (China), Bellus3D (United States), Reolink Digital Technology Co., Ltd. (China), LILIN (Taiwan) and Other Active Players.”
- The global number of households with smart security cameras in 2018 was 2,12,44592.40 homes which has increased in 2023 was 9,88,60,517.96 Notably, the number of households with smart security cameras was continuously increasing over the past years.
Source: Company Database
Smart Camera Market Trend Analysis
Increase in terrorism and criminal activities
- The increase in terrorist acts and unlawful behavior has resulted in an increased emphasis on security and the necessity for enhanced surveillance systems. Smart cameras provide functions like facial recognition, object detection, and live notifications, aiding in the detection of possible dangers and prompt response.
- They monitor all criminal activities by providing round-the-clock recording of activities in public spaces, transportation hubs, and critical infrastructure. During terrorist attacks or criminal incidents, smart cameras play a crucial role in providing valuable evidence for investigation purposes.
- As the terrorism threats are increasing there is a growing need for collaborative security efforts among various stakeholders. Where Smart camera systems can be integrated with other security technologies such as access control systems, and intrusion detection systems.
- Governments globally are also putting measures and rules to improve security in public areas and infrastructure through the installation of smart cameras in strategic locations. Hence in this way Increase in terrorism and criminal activities acts as a driver in the Smart Camera Market.
Opportunity The rapid growth of IoT
- IoT allows smart cameras to be linked up with different devices and systems, forming a connected network of devices. This enables the smooth sharing of data, monitoring in real-time, and control centralized.
- They can gather and examine large quantities of data, by providing important observations and usable information like observing crowds, tracking traffic flows, studying customer actions, and collecting other pertinent details for enhancing security measures.
- This allows for monitoring and managing smart camera systems from a distance. Users can view live streams, get notifications, and manage camera configurations remotely.
- It Facilitates Flexibility and Accessibility where Additional cameras can be easily added to the network, and the system can be adapted to different environments and requirements.
- They are also capable of easily merging with other IoT devices, like sensors, access control systems, and smart lighting, offering a comprehensive security and automation solution. Hence, in this way, The Rapid growth of IoT can be an opportunity in Smart Camera Market.
Smart Camera Market Segment Analysis:
Smart Camera Market Segmented on the basis of Type, Technology, Connectivity, End-Users.
By Type, Embedded System Smart Camera Segment Is Expected to Dominate the Market During the Forecast Period
- Smart cameras with embedded systems are created to combine camera and processing functionalities in one device. This integration decreases the requirement for extra hardware components and eases the installation process.
- They are usually small and condensed, appropriate for different uses with restrictions on space. They are relatively efficient in power consumption, which is important for applications needing constant operation.
- Processing capabilities are integrated into the device, which enables immediate analytics and decision-making on the device itself. This allows for quicker reaction times, instant notifications, and effective use of resources without depending on servers from outside sources.
- They carry out operations at the network's edge to reduce latency and bandwidth needs. This is especially beneficial in situations where immediate analysis is crucial, such as surveillance and intrusion detection.
- They have lower costs compared to separate camera and processing units. They are used in a range of industries including retail, manufacturing, healthcare, and transportation. They are employed in activities such as quality assurance, object follow-up, visual inspection, and automation of processes. Hence in this way Embedded System Smart Camera Segment is a dominant segment in the Smart Camera Market.
By Technology, Sensor Technology Segment Held the Largest Share In 2023
- Sensor technology is essential for capturing high-quality images and videos. Advanced sensor technology in smart cameras enhances image resolution, dynamic range, and low-light capabilities, leading to the production of clearer and more detailed visuals.
- They encompass different kinds, including CMOS (Complementary Metal-Oxide-Semiconductor) and CCD (Charge-Coupled Device) sensors. Smart camera producers have the opportunity to select the most appropriate sensor type for their particular application.
- They keep moving forward, bringing in new ideas such as back-illuminated sensors, stacked sensors, and multispectral sensors. These developments improve sensitivity to light, decrease noise, and allow for specific imaging capabilities.
- The flexibility in sensor size, pixel count, and sensor formats allows manufacturers to create customized smart cameras for various needs, ranging from small cameras for IoT devices to high-quality cameras for industrial and professional applications. Hence, in this way, Sensor Technology acts as a dominating segment in the Smart Camera Market.
Smart Camera Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- The Huge Population in the Asia Pacific region. As the population continues to grow, there is a rising requirement for sophisticated security, surveillance, and intelligent transportation systems, which is fueling the need for smart cameras.
- There is also fast urbanization happening, with many smart city development projects currently in progress. Smart cameras are essential in smart cities as they offer live monitoring for managing traffic, ensuring public safety, and monitoring the environment.
- The region includes developing countries like China, India, Indonesia, and Vietnam. These nations are experiencing growth in the middle class, resulting in increased disposable income and a greater desire for consumer electronics such as smart cameras.
- The major progress has been made in artificial intelligence, big data analytics, and the Internet of Things (IoT) technology. These advancements allow intelligent cameras to provide enhanced functions such as real-time video analysis and remote surveillance and management. Hence in this way Asia-Pacific acts as a dominating region in Smart Camera Market.
Smart Camera Market Active Players
- Hikvision (China)
- Dahua Technology (China)
- Axis Communications (Sweden)
- Bosch Security Systems (Germany)
- Hanwha Techwin (South Korea)
- Flir Systems (United States)
- Avigilon Corporation (Canada)
- Honeywell International Inc. (United States)
- Pelco (United States)
- Canon Inc. (Japan)
- Sony Corporation (Japan)
- Vivotek Inc. (Taiwan)
- Arlo Technologies, Inc. (United States)
- Mobotix Ag (Germany)
- Uniview (China)
- Genetec Inc. (Canada)
- Indigovision Group Plc (United Kingdom)
- March Networks (Canada)
- Verkada (United States)
- Idis (South Korea)
- Amaryllo International B.V. (Netherlands)
- Infinova (China)
- Bellus3d (United States)
- Reolink Digital Technology Co., Ltd. (China)
- Lilin (Taiwan), and Other Active Players
Key Industry Developments in the Smart Camera Market:
- In January 2024, Consistent Infosystems, one of the fastest growing IT brands in India launched a new range of Surveillance Cameras, these new cameras have advanced features such as 2-way communication, solar charging, smart Wi-Fi app control, and night vision
- In January 2024, Xiaomi launched the 360 Home Security Camera 2K, featuring AI Human Detection, 2K resolution, and 360-degree coverage. This smart surveillance camera, equipped with a 3-megapixel camera and 2K HD video capabilities, caters primarily to new parents and pet owners.
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Smart Camera Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.6 Bn. |
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Forecast Period 2024-32 CAGR: |
8.9 % |
Market Size in 2032: |
USD 14.22 Bn. |
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Segments Covered: |
By Type |
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By Technology |
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By Connectivity |
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By End-Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Smart Camera Market by By Type
4.1 Smart Camera Market Snapshot and Growth Engine
4.2 Smart Camera Market Overview
4.3 Chip-Smart Camera
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value
Frequently Asked Questions
What would be the forecast period in the Smart Camera Market research report?
The forecast period in the Smart Camera Market research report is 2024-2032.
Who are the key players in the Smart Camera Market?
Hikvision (China), Dahua Technology (China), Axis Communications (Sweden), Bosch Security Systems (Germany), Hanwha Techwin (South Korea), FLIR Systems (United States), Avigilon Corporation (Canada), Honeywell International Inc. (United States), Pelco (United States), Canon Inc. (Japan), Sony Corporation (Japan), Vivotek Inc. (Taiwan), Arlo Technologies, Inc. (United States), MOBOTIX AG (Germany), Uniview (China), Genetec Inc. (Canada), IndigoVision Group plc (United Kingdom), March Networks (Canada), Verkada (United States), IDIS (South Korea), Amaryllo International B.V. (Netherlands), Infinova (China), Bellus3D (United States), Reolink Digital Technology Co., Ltd. (China), LILIN (Taiwan) and Other Active Players.
What are the segments of the Smart Camera Market?
The Smart Camera Market is segmented into Type, Technology, Connectivity, End-Users, Segment5, Segment6, and region. By Type, the market is categorized into Chip-Smart Camera, Standalone Smart Camera, PC and Network-Based Smart Camera, and Embedded System Smart Camera. By Technology, the market is categorized into Sensor Technology and Scanning Technology. By Connectivity, the market is categorized into Wired and wireless. By End-Users, the market is categorized into Public Spaces, Military & Defense, Transit Facilities, Commercial Facilities, Enterprise & Government Infrastructure, And Residential Infrastructure. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Smart Camera Market?
Smart Camera is a machine vision system that, extracts application-specific information from the captured images in addition to image capture circuitry, along with generating event descriptions or making decisions that are used in an intelligent and automated system.
How big is the Smart Camera Market?
Smart Camera Market Size Was Valued at USD 6.6 Billion in 2023 and is Projected to Reach USD 14.22 Billion by 2032, Growing at a CAGR of 8.9% From 2024-2032.
