Press release
AI Camera Market Growth Analysis: Projected 14.1% CAGR to Drive Industry to $33.5Bn by 2034
Artificial Intelligence (AI) Camera Market
The increasing adoption of smartphones and surveillance devices is significantly contributing to the growth of the AI camera market. Mobile cameras with AI capabilities are gaining traction among end-users due to their advanced image capture, reconstruction, and analysis techniques. The continuous R&D of new imaging technologies is further propelling the market forward. The integration of AI and image signal processing (ISP) engines is enhancing the quality of videos and images captured by cameras, aiding in detecting, recognizing, and classifying various objects. Vendors are developing camera modules with a combined deep learning-based convolutional neural networks engine and an ISP-like processor to offer enhanced viewing and computer-vision capabilities.
Download Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86009&utm_source=Openpr&utm_medium=Amit
Market Introduction: The integration of AI in imaging technologies has revolutionized smartphones, automobiles, and IoT devices, redefining image processing. AI has enhanced the ability of cameras and other imaging devices to process, restore, enhance, analyze, search, and share videos and images. AI cameras, equipped with AI sensors and chips with built-in high-processing power and memory, operate faster, are more energy-efficient, and secure. These cameras can perform routine tasks and identify various objects and locations, automatically adjusting settings to enhance image quality.
Market Drivers
Rise in Adoption of Smartphones and Surveillance Devices
Smartphone manufacturers are increasingly integrating AI into cameras, enabling these devices to identify objects and locations, adjust shooting parameters, and perform editing tasks, thereby improving photography and videography quality. For instance, in March 2023, Samsung Electronics Co., Ltd. launched the Galaxy A55 5G and Galaxy A35 5G smartphones in India, featuring AI-enhanced camera capabilities. Such advancements are driving the AI camera market dynamics.
Surveillance devices with AI facilitate in-depth profiling and tracking of individuals' activities, movements, and behaviors, presenting significant potential for marketing and targeted advertising. AI in video surveillance provides real-time insights, reducing the need for continuous human monitoring. For example, in February 2024, Hong Kong authorities deployed thermal cameras and AI technology to assess the city's rodent problem more accurately. Similarly, the Bengaluru Transport Department in India announced plans in 2023 to use AI-enabled cameras on highways to improve road safety and monitor traffic violations. These developments are boosting the AI camera market revenue.
R&D of New Imaging Technologies
AI-powered thermal cameras enhance basic security with temperature detection and high-performance imaging, applicable in power plants, factories, and the oil & gas sectors. The focus on monitoring industrial equipment and materials is driving the R&D of AI-powered thermal cameras. In February 2024, Norden Communication partnered with the Center for Development and Advanced Computing (C-DAC) to develop AI-based general-purpose thermal cameras for security and industrial applications.
Access Full Report from Here - https://www.transparencymarketresearch.com/artificial-intelligence-camera-market.html
Regional Outlook
Asia Pacific held the largest market share in 2023, driven by the widespread adoption of smartphones and increased use of AI-powered surveillance systems in the public sector. According to a Morgan Stanley report, India is expected to account for 20% of worldwide shipments by 2032. North America is also a significant market, driven by the demand for AI-powered monitoring systems. In 2023, the California fire department implemented ALERTCalifornia, an AI-based monitoring system analyzing live camera feeds in fire-prone areas, effectively preventing disasters.
Key Players and Developments
Leading companies in the AI camera market are heavily investing in R&D to enhance their market share by integrating AI features with thermal imaging for extreme situations. Key players include AV Costar, Axis Communications AB, Bosch Sicherheitssysteme GmbH, Canon Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Huddly Inc., Johnson Controls, LG Corporation, Nikon Corporation, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., Sony Corporation, and Teledyne FLIR LLC.
Recent key developments in the AI camera market include:
• January 2024: Hanwha Vision launched advanced AI-powered radiometric thermal cameras that combine AI with temperature detection and high-performance imaging.
• January 2024: Crestron introduced the 1 Beyond, a new AI-powered PTZ camera series with advanced optical zoom technology to ensure high image quality and pixel integrity.
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=86009<ype=S&utm_source=Openpr&utm_medium=Amit
More Trending Report by Transparency Market Research:
GMC based Motion Controller Market (GMCベースのモーションコントローラ市場): https://www.transparencymarketresearch.com/gmc-based-motion-controller-market.html
Aviation Actuator System Market (항공 액추에이터 시스템 시장): https://www.transparencymarketresearch.com/aviation-actuator-system-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI Camera Market Growth Analysis: Projected 14.1% CAGR to Drive Industry to $33.5Bn by 2034 here
News-ID: 3602519 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Artificial
Artificial Intelligence or Artificial Soul by Denise White
Author Denise White exposes the subtle societal forces shaping young minds and offers profound wisdom to help children develop resilience against artificial influences.
As artificial intelligence continues to permeate every aspect of modern life, from self-driving cars to virtual assistants, a critical question arises: Are we sacrificing our authenticity and human essence for the sake of technological advancement? In her latest book, Guarding the Child's Imagination , author Denise White sheds…
Artificial Neural Network Software Market: Advancements in Artificial Neural Net …
The Report on "Artificial Neural Network Software Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
Market Growth of Artificial Neural Network Software Market: The artificial neural network software market is experiencing robust growth as organizations across various industries increasingly leverage AI-driven solutions to enhance decision-making, automate processes, and gain actionable insights from…
Global Artificial Intelligence Market, Global Artificial Intelligence Industry, …
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA Corporation, Samsung Electronics Co.Ltd, and Micro Strategy Inc.
The Global Artificial Intelligence Market is expected to grow from USD 28.42 billion in 2019 to USD 40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to…
Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and For …
The global Artificial Iris Market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes…
Global Artificial Organs Market Facts, Figures and Analytical Insights, 2018 to …
Artificial Organs Market Introduction
Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs.
Artificial organs are surgically implanted or are extra…
Artificial Kidney Market Report 2018: Segmentation by Type (Wearable Artificial …
Global Artificial Kidney market research report provides company profile for Medtronic, DaVita, Merit Medical Systems, NIPRO Medical Corporation, Nikkiso, B. Braun Melsungen AG, Kawasumi Laboratories, Fresenius, Baxter, Asahi Kasei Medical, Xcorporeal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
