Press release
AI Based Fever Detection Camera Market to Witness Exponential Growth of $3.26 billion in 2028 at a CAGR of 8.8% | Panasonic Corporation, Toshiba Corporation, NEC Corporation, Baidu Inc., Hangzhou Hikvision Digital Technology Co. Ltd.
AI Based Fever Detection Camera Market Report
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Business Research Company offers in-depth market insights through AI Based Fever Detection Camera Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The artificial intelligence-based fever detection camera market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased focus on public health and safety, global pandemics and disease outbreaks, adoption of infrared imaging technology, growth in non-contact temperature measurement, surge in demand for remote health monitoring.
The artificial intelligence-based fever detection camera market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to integration of fever detection in access control systems, expansion of healthcare and hospitality industries, regulatory mandates for temperature screening, adoption of fever detection cameras in transportation hubs, rise in deployment in educational institutions. Major trends in the forecast period include new innovations in portable and wearable detection devices, advances in artificial intelligence and machine learning, integration of ai for enhanced accuracy in temperature screening, technological advancements in thermal imaging cameras, development of multi-modal biometric solutions.
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Market Segmentation:
The ai-based fever detection camera market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Type: Turret Or Bullet Cameras, Handheld Cameras
3) By Resolution: High Resolution Camera, Medium Resolution Camera, Low Resolution Camera
4) By End-User: Airports, Hospitals, Public Places, Enterprises Or Factories, Banks, Other End-Users
Major Driver - Rapid Spread Of Covid-19Es Fuels Ai-Based Fever Detection Cameras Market Growth
The rapid spread of COVID-19es is expected to propel the growth of the AI-based fever detection camera market going forward. COVID-19es are a family of ribonucleic acid (RNA) viruses that can cause various illnesses in animals and humans. AI-based fever detection cameras quickly and non-invasively screen individuals for elevated body temperatures, which may indicate the presence of a fever. For instance, in July 2023, according to a report issued by the World Health Organization, a Switzerland-based organization for international public health, the number of confirmed COVID-19 cases globally increased to 44,240,881 million in December 2021 compared to 10,448,410 million in December 2020. Therefore, the rapid spread of COVID-19es is driving the growth of the AI-based fever detection camera market.
Competitive Landscape:
Major companies operating in the ai-based fever detection camera market report are Panasonic Corporation, Toshiba Corporation, NEC Corporation, Baidu Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., VVDN Technologies, Axis Communications AB, Altoros Systems, Wuhan Guide Infrared Co. Ltd., Nippon Avionics Co. Ltd., Thermoteknix Systems Ltd., Mantra Softech (India) Pvt. Ltd., Vantage Integrated Security Solutions Pvt. Ltd., Vehant Technologies Pvt. Ltd., Scylla Technologies Inc., Opgal, Kogniz Inc., AnyConnect Private Limited, Megvii Technology Limited, Seek Thermal Inc., Miso Robotics Inc., Viper Imaging LLC, Athena Security Inc., KroniKare Pte. Ltd., IP Video Market Info Inc.
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Top Trend - Technological Advancements Drive Evolution In The Ai-Based Fever Detection Camera Market
Technological advancements are a key trend gaining popularity in the AI-based fever detection camera market. Major companies operating in AI-based fever detection cameras are introducing innovative solutions to sustain their position in the market. For instance, in December 2021, Konica Minolta Inc., a Japan-based technology company that offers technological instruments related to AI, imaging-IoT, and visual, introduced the FORXAI Temperature Monitoring App (TMA), a temperature monitoring solution for storing and managing temperature data recorded continuously by an edge thermal camera. This system facilitates the use of AI through the FORXAI imaging IoT platform. It makes it possible to measure body surface temperature using a thermal camera and detect and notify individuals suspected of having a fever.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI Based Fever Detection Camera Market Characteristics
3. AI Based Fever Detection Camera Market Trends And Strategies
4. AI Based Fever Detection Camera Market - Macro Economic Scenario
5. AI Based Fever Detection Camera Market Size And Growth
…..
27. AI Based Fever Detection Camera Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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