Press release
AI Camera Market to Reach USD 50.86 Bn by 2029, emerging at a CAGR of 24 percent and forecast 2023-2029
AI Camera Market
The report scrutinizes the AI Camera Market through various segments, including Type (Smartphones, DSLR, Surveillance), Technology (image/face recognition, voice/speech recognition, computer vision, and others), Vertical (Automotive, Banking, Financial Services & Insurance (BFSI), Retail, Public & Private Sector, Healthcare, Legal, and Education), and Region (North America, Europe, Asia-Pacific, and Rest of the World). Drawing insights from both primary and secondary data sources, the research employs interviews, expert opinions, surveys, and a wealth of secondary data such as annual reports and press releases.
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AI Camera Market Research Methodology:
Computer vision, image recognition, speech/voice recognition, and machine learning are all examples of artificial intelligence technology. Artificial intelligence cameras make advantage of all of these technologies. These cameras are used in a variety of applications, such as smartphones and surveillance cameras, where the technology senses the landscape, light intensity, and white balance while producing a picture.
Consumers throughout the world are taking more photos as smartphones become more popular, and the requirement for great image quality employing artificial intelligence has expanded dramatically. As a result, manufacturers are releasing Next-Gen cameras equipped with artificial intelligence, hence boosting market growth. Furthermore, AI-enabled cameras allow law enforcement to detect suspicious activity and avoid disasters, which increases their popularity.
What are AI Camera Market Dynamics:
The global AI camera market is witnessing unprecedented growth across industries due to the integration of AI technology into smart devices and the rapid expansion of big data. The proliferation of 5G networks and the rise of smart homes have provided fertile ground for AI cameras. Expectations for the next five years are anchored in the continued integration of AI into smart devices and advancements in big data.
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What is AI Camera Market Segmentation:
by Type
Smartphone Camera
DSLR
Surveillance Camera
by Technology
Image/ face Recognition
Voice/ speech recognition
Computer Vision
Others
by Vertical
Public & Private Sectors
Retail
BSFI
Healthcare
Automotive
Legal
Education
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Who are AI Camera Market Key Players:
North America
Apple Inc
Eagle Eye Networks
Hanwha Techwin America
Honeywell International
FLIR Systems
Honevwell International
Europe
Axis Communications AB
Bosch Security Systems
Huawei Technology Co Ltd
Huddly AS
Asia Pacific
D-Link Corporation
Fujitsu Ltd
Panasonic Corporation
Swann
Canon
Samsung Electronics
Xiaomi Inc
LG Electronics
Sony Corporation
VIVOTEK Inc
Nikon Corporation
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Table of content for the AI Camera Market includes:
AI Camera Market: Research Methodology
AI Camera Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. AI Camera Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
AI Camera Market Regional Insights:
North America: This region, led by established firms like Honeywell, Google, and Apple, dominates the global market. The integration of AI technology into consumer electronics, surveillance systems, retail, and law enforcement sectors contributes to its substantial market share. Significant advancements in AI technology for cameras further boost the North American market, expected to maintain its dominance.
Asia-Pacific: Ranking second globally in market value, the Asia Pacific region boasts a significant market share due to its cost-competitive workforce and raw material advantages. China and Japan lead in surveillance, consumer electronics, and retail, with China contributing to 40% of global CCTV camera production. The APAC market is anticipated to exhibit the fastest growth over the projection period.
Europe: The European market is rapidly expanding, witnessing widespread adoption among security service providers, end-users, installers, integrators, and consultants. The need for AI-based camera systems for smart motion detection, the Internet of Things (IoT) range, and cutting-edge technology significantly impacts market growth. Europe is projected to generate substantial revenue, exhibiting a notable CAGR throughout the forecasted period of 2022-2027.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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