AI Camera Market was valued at US$ 11.28 billion in 2022, and is predicted to grow at a CAGR of 24 % to USD 50.86 billion by 2029.
AI Camera Market Overview:
The primary goal of this research is to assist the user in understanding the AI Camera Market in terms of definition, segmentation, market potential, significant trends, and the problems that the AI Camera industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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AI Camera Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
AI Camera Market Segmentation:
The market has been divided into DSLR cameras, surveillance cameras, and smartphone cameras based on kind. The market share that belongs to the surveillance camera industry is the largest. AI cameras can combine HDR photographs in favorable lighting. On the other hand, in low light, they can switch to multi-image recording and use computational imaging to produce a stepless zoom effect with two or more camera modules. The demand for these AI surveillance camera features is rising quickly since they are particularly useful in security systems.
The smartphone section of the market has significantly improved due to the growing popularity of smartphones around the world, and is anticipated to continue to rise during the projected period.
The market is segmented by technology into voice/speech recognition, computer vision, image/face recognition, and other categories. Image/face recognition technology has the largest market share since it is widely used in smartphones. Many smartphones today can identify objects and faces while taking pictures. Security systems using image and facial recognition are also promoting market growth. Additionally, the inclusion of image/face recognition in cameras motivates governments to fund AI projects in sectors like healthcare, transportation, and others.
According to vertical, the market has been divided into the following sectors: retail, public & private sector, healthcare, legal, and education; banking, financial services, & insurance (BFSI); and automotive. Over 40% of the market for AI-based cameras comes from the public and social sectors, followed by retail, automotive, healthcare, and BFSI.
A important application area for the market ecology of AI-based cameras is smart cities. They are mostly used for traffic and surveillance monitoring.
AI Camera Market Size and Forecast, by Type (2022-2029)
1. Smartphone Camera
2. DSLR
3. Surveillance Camera
AI Camera Market Size and Forecast, by Technology (2022-2029)
1. Image/ face Recognition
2. Voice/ speech recognition
3. Computer Vision
4. Others
AI Camera Market Size and Forecast, by Vertical (2022-2029)
3. Public & Private Sectors
3. Retail
3. BSFI
4. Healthcare
5. Automotive
6. Legal
7. Education
AI Camera Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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AI Camera Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the AI Camera market are
North America
Apple Inc
Eagle Eye Networks
Hanwha Techwin America
Honeywell International
FLIR Systems
Honevwell International
Europe
Axis Communications AB
Bosch Security Systems
Huawei Technology Co Ltd
Huddly AS
Asia Pacific
D-Link Corporation
Fujitsu Ltd
Panasonic Corporation
Swann
Canon
Samsung Electronics
Xiaomi Inc
LG Electronics
Sony Corporation
VIVOTEK Inc
Nikon Corporation
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Regional Analysis:
The report focuses on Global Regions and Market Size of AI Camera, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on AI Camera Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the AI Camera industry in 2021.
Key Questions Answered in the AI Camera Market Report are:
- What is the function of AI Camera?
- What is the predicted revenue generation of the AI Camera market?
- At what growth rate is the AI Camera market evolving?
- Who are the major market giants operating in the AI Camera market?
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