openPR Logo
Press release

Smart Camera Market Anticipated to be worth US$ 9,829.1 Mn by 2020

02-09-2017 08:56 AM CET | IT, New Media & Software

Press release from: Future Market Insights

Smart Camera Market Anticipated to be worth US$ 9,829.1 Mn by 2020

According to Future Market Insights’ new market research report, “Smart Camera Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020”, the global smart camera market is anticipated to witness a stellar compound annual growth rate (CAGR) of 23.84% through 2020, and reach a valuation of US$ 9,829.1 Mn; the global smart camera market was valued at US$ 2,469 Mn in 2014. In terms of volume, the smart camera market is anticipated to expand at a CAGR of 23.84% through 2020 and reach 85.47 Mn units by 2020.

Advancement in home- and industrial- automation has augured well for the prospects of the smart camera market. Smart cameras are used for surveillance and monitoring purposes in home automation, whereas in industrial automation, these are used for a host of applications, depending upon the specific industry. It is anticipated that increased demand from these sectors will fuel the smart camera market during the forecast period, 2015-2020.

The global smart camera market is also propelled by technological advancements in smart camera technology. Innovation in CMOS image sensors, embedded system designs, smart lenses, and chip manufacturing has expanded the scope of smart camera applications.

FMI’s analysis found that the projected growth in the electronics and semiconductor industry will create new opportunities for smart camera market. Price reduction in PC-based smart camera and government focus on strengthening the surveillance and security system is also anticipated to provide an impetus to the smart camera market during the forecast period.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-488

Lack of standardisation is a key challenge for the widespread adoption of smart cameras. Regulations regarding limited use of smart cameras for surveillance at public places is another factor that can restrain the growth of the market. Furthermore, the use of smart cameras in developing countries is limited to surveillance, security, and transportation sectors, and this can create challenges for market expansion during the forecast period.

Smart camera incorporates a host of components, including image sensor, memory, processor, communication interface, lens, and display. Among these, lens and processors accounted for 48% of the smart camera market share in 2014, and this is anticipated to amplify to 50% by 2020. FMI estimates that these two segments will expand at CAGRs of over 20% during the forecast period.

Evolution of user-friendly technologies is anticipated to boost the demand for smart cameras among consumers. The consumer segment was worth US$ 649 Mn in 2014 and FMI estimates that it will witness a CAGR of over 18% through 2020. Increased demand for smart cameras from transportation and automotive industry is anticipated to provide growth opportunities, with this segment anticipated to witness a CAGR of 24.5% through 2020. Other key application segments of smart cameras, including healthcare & pharmaceutical, food & beverages, military & defence, commercial area, and ‘others’ are also anticipated to witness a healthy growth rate through 2020.

Asia Pacific is the most lucrative market for global smart camera market. Product innovation by manufacturers in China, India, Taiwan, Korea, and Singapore is fuelling the growth of smart camera market in the region. FMI estimates that the Asia Pacific smart camera market will witness a CAGR of 21.7% during the forecast period. Other key regions for smart camera market include North America, Western Europe, and Japan. Smart camera market in Latin America is at a nascent stage, however, FMI estimates that it will witness the fastest CAGR of 31.7%.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-488

Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market. Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation and Panasonic Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, and XIMEA GmbHare focusing on developing innovative products to consolidate their position in the market.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 Smart Camera Market Anticipated to be worth US$ 9,829.1 Mn by 2020 here

News-ID: 432833 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as