Press release
Video As A Sensor Market Size Projected to Hit USD 151.82 Billion by 2034 at 8.0% CAGR
Video As A Sensor Market
Video as a sensor is the use of video cameras and advanced imaging technologies to capture and analyze real-time visual data for various applications beyond traditional video recording. These systems utilize video feeds to detect, measure, and interpret physical phenomena such as motion, temperature, and environmental conditions.
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List of Key Companies
The market is growing rapidly, with leading companies expanding their portfolios, forming strategic partnerships, and pursuing mergers and acquisitions to solidify their market presence. Key companies operating in this industry are:
• Axis Communications AB
• Bosch Sicherheits systeme GmbH
• Dahua Technology Co., Ltd.
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Honeywell International Inc.
• i-PRO
• Johnson Controls
• OMNIVISION
• Samsung
• Sony Corporation
• Sportradar AG
Market Dynamics
● The demand for video as a sensor is being fueled by the global rise in smart city development. Smart cities focus on optimizing urban management, boosting public safety, and enhancing citizen services through the use of advanced technologies such as IoT, AI, video sensors, and big data analytics.
● Urban expansion puts significant strain on infrastructure and public utilities. Video as a sensor reduces this pressure by offering visual insights into the operation and potential failures of essential systems such as water pipelines, electrical grids, and waste management, helping to optimize their management and prevent disruptions.
● The integration of AI and ML into video as a sensor is driving its adoption by transforming conventional video surveillance into smart, real-time monitoring systems.
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Regional Analysis
• North America
In 2024, North America led the video as a sensor market, holding the largest share due to its early and extensive adoption of smart surveillance technologies, the integration of AI-driven video analytics, and substantial investments in smart infrastructure.
• Asia Pacific
The market in Asia Pacific is projected to grow rapidly in the coming years, driven by rapid urbanization and growing investments in infrastructure development.
Video As A Sensor Market Segmentation
By Component Outlook (Revenue, USD Billion, 2020-2034)
● Hardware
● Software
● Services
By Sensor Type Outlook (Revenue, USD Billion, 2020-2034)
● RGB Sensors
● Infrared (IR) Sensors
● Thermal Sensors
● Depth Sensors
● Multispectral Sensors
By Connectivity Outlook (Revenue, USD Billion, 2020-2034)
● Wired
● Wireless
By Application Outlook (Revenue, USD Billion, 2020-2034)
● Security & Surveillance
● Traffic Monitoring & Smart Mobility
● Industrial Automation & Robotics
● Retail Analytics
● Healthcare & Patient Monitoring
● Environmental Monitoring
● Agriculture & Livestock Monitoring
● Others
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By Regional Outlook (Revenue, USD Billion, 2020-2034)
● North America
○ US
○ Canada
○ Mexico
● Europe
○ Germany
○ France
○ UK
○ Italy
○ Spain
○ Netherlands
○ Russia
○ Rest of Europe
● Asia Pacific
○ China
○ Japan
○ India
○ Malaysia
○ South Korea
○ Indonesia
○ Australia
○ Vietnam
○ Rest of Asia Pacific
● Middle East & Africa
○ Saudi Arabia
○ UAE
○ Israel
○ South Africa
○ Rest of Middle East & Africa
● Latin America
○ Brazil
○ Argentina
○ Rest of Latin America
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