A smart camera or intelligent camera is a machine vision system which, in addition to image capture circuitry, is capable of extracting application-specific information from the captured images, along with generating event descriptions or making decisions that are used in an intelligent and automated system. A smart camera is a self-contained, standalone vision system with built-in image sensor in the housing of an industrial video camera.
Market Analysis and Insights: Global Smart Camera Market
Due to the COVID-19 pandemic, the global Smart Camera market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, CMOS accounting for % of the Smart Camera global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Public Spaces segment is altered to an % CAGR throughout this forecast period.
The Asia-Pacific region is projected to lead the global smart camera for security & surveillance between 2018 and 2023. The Asia-Pacific smart camera market for security & surveillance is projected to grow at the highest CAGR during forecast period. The growth of the Asia-Pacific smart camera for security & surveillance market can be attributed to the technological developments taking place in the Asia-Pacific region. Besides, the region is also emerging as a manufacturing hub for smart cameras. The public spaces, military & defense, and transit facilities are the application segments of the Asia-Pacific smart camera for security & surveillance market that are expected to witness increased growth during the forecast period. Various countries, such as China, Japan, and South Korea are driving the market for smart camera for security & surveillance market in the Asia-Pacific region.
Global Smart Camera Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Smart Camera Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
CMOS
CCD
Segment by Application
Public Spaces
Military & Defense
Transit Facilities
Commercial Facilities
Enterprise & Government Infrastructure
Residential Infrastructure
By Company
Bosch Security Systems
Canon
Flir Systems
Panasonic
Raptor Photonics
Hanwha Techwin
Sony
Watec
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina