The Global Smart Camera Market is projected to reach a value of over USD 8.7 billion by 2027 at a CAGR of around 9.4%
The smart camera is refers as image processing system, which has been designed with an aims to automate decision in an industrial capacity. It is also known as intelligent camera that is a vision system apart from capturing image, as well as has the able to extract important data from the photos and decisions that are used in an intelligent and automated system. Moreover, it is a wireless cameras which has various function that can help to monitor the status of home from any location. As well as, it has the ability to recognize faces which is major benefits of installing this type of cybersecurity system.
Hence, it used for motion detection, GPS, geofencing, communication, real-time viewing, as well as for cloud storage. These trend will lead to boost the growth of the market in the forecast period.
Market Driver:
With the increasing penetration of smart homes is witness to boost the growth of the market in the forecast period. Whereas, it can help to watch live as well as recorded footage from the connected camera throughout indoor and outdoor living areas. With the smart security cameras, the residents can able to monitor their homes from any place or when they on vacation. Moreover, the wireless security camera has the abilities to connect a tablet or mobile phone to get self-monitoring benefits.
Furthermore, the features such as smart vision, intelligent smart video cameras as well as surveillance systems lead to create a major opportunities for the market growth in the forecast period. However, the building smart cameras contain technologies from machine vision, embedded systems and computer vision. Hence, these cameras is being majorly used for monitoring as well as for the surveillance purposes home and in industries.
Market Restraints:
One of the major key concern of the market is the shortage of technical expertise which may hamper the market growth. Whereas, the heavy cost of the smart cameras and the shortage of technical knowledge of the operating such cameras is projected to create a major challenges for the market. However, the lack of standardization for the installation of smart cameras, is also expected to hamper the market growth
Hence, the high cost associated with the single-chip smart cameras as well as the lack of software applications is create a major restraining factor for the market.
The report on the smart camera market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Sensor Technology, Component, Product Type, Connectivity Type, Application, End-User, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Smart Camera Market, by Sensor Technology
Smart Camera Market, by Component
Smart Camera Market, by Product Type
Smart Camera Market, by Connectivity Type
Smart Camera Market, by Application
Smart Camera Market, by End-User
Smart Camera Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Smart Camera Market STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY