Press release
Global AI-Based Fever Detection Camera Market Projected to Surpass $3.67 Billion by 2029 with 11% Annual Growth
Which drivers are expected to have the greatest impact on the over the ai-based fever detection camera market's growth?The swift proliferation of COVID-19es is projected to fuel the expansion of the market for AI-powered fever detection cameras in the future. COVID-19es, a group of RNA viruses, can cause a range of diseases in both animals and humans. Cameras that are based on AI technology for the detection of fever swiftly and non-invasively check individuals for high body temperatures, a possible sign of fever. For example, in December 2023, as per the World Health Organization, a Switzerland-based Intergovernmental organization, the globe saw a 52% rise in new COVID-19 cases in the 28-day span from November 20 to December 17, 2023, relative to the preceding 28 days, with over 850,000 new instances documented. Therefore, the quick escalation of COVID-19es is positively impacting the growth of the market for AI-based fever detection cameras.
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What is the future CAGR of the ai-based fever detection camera market, and how will it impact industry expansion?
In recent times, there has been significant expansion in the market size of AI-based fever detection cameras. The market is predicted to enlarge from $2.28 billion in 2024 to $2.44 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the historical period include a heightened emphasis on public health and safety, outbreak of global pandemics and diseases, acceptance of infrared imaging technology, rise in non-contact temperature measurement and escalating demand for remote health monitoring.
The market size of fever detection cameras powered by AI is projected to experience a rapid expansion in the coming years. The estimated growth is set to reach $3.67 billion by 2029 with a compound annual growth rate (CAGR) of 10.7%. The expected growth during the forecast period is owing to the incorporation of fever detection capabilities into access control systems, the growth of the healthcare and hospitality sectors, the enforcement of temperature screening regulations, and the implementation of fever detection cameras in transportation centers, and the increased adoption in educational institutions. Key trends to look out for during this period include novel advancements in transportable and wearable detection devices, progress in AI and machine learning, the utilization of AI for improved accuracy in temperature screening, breakthroughs in thermal imaging camera technology, and the creation of multi-modal biometric solutions.
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What are the most significant trends transforming the ai-based fever detection camera market today?
Leading corporations in the AI-induced fever detection camera industry are prioritizing product advancements, such as AI-powered thermal cameras, to amplify their proficiency in precise temperature evaluation and face identification. An AI-powered thermal camera is a kind of imaging apparatus that harnesses the power of artificial intelligence to identify and portray the infrared radiation or heat discharged by people and objects. For example, in August 2022, Staqu, an AI startup from India, launched an AI-based thermal camera configured to identify high body temperatures, thus improving health surveillance in communal areas. This groundbreaking device leverages superior artificial intelligence for precise and efficient temperature recognition, making it especially effective in settings like offices, educational institutions, and medical facilities. Through rapid detection of people who may have fevers, the thermal camera aims to enhance security protocols and aid in public health efforts.
Which key market segments comprise the ai-based fever detection camera market and drive its revenue growth?
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
Subsegments:
1) By Hardware: Cameras, Sensors, Processors, Accessories
2) By Software: AI Algorithms, Analytics Software, Integration Platforms
3) By Services: Installation Services, Maintenance And Support, Consulting Services
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What regions are at the forefront of ai-based fever detection camera market expansion?
North America was the largest region in the AI-based fever detection camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-based fever detection camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the ai-based fever detection camera market?
Major companies operating in the AI-based fever detection camera market include 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., Viper Imaging LLC, Athena Security Inc., KroniKare Pte. Ltd., IP Video Market Info Inc.
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What Is Covered In The AI-Based Fever Detection Camera Global Market Report?
• Market Size Forecast: Examine the ai-based fever detection camera market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the ai-based fever detection camera market for a structured understanding.
• Key Players Overview: Analyze major players in the ai-based fever detection camera market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ai-based fever detection camera market.
• Segment Contributions: Evaluate how different segments drive overall growth in the ai-based fever detection camera market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ai-based fever detection camera market.
• Industry Challenges: Identify potential risks and obstacles affecting the ai-based fever detection camera market.
• Competitive Landscape: Review strategic developments in the ai-based fever detection camera market, including expansions, agreements, and new product launches.
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