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    Intelligent Camera Market Report

    Intelligent Camera Market Report
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    Global Intelligent Camera Market, Dynamics, Market Analysis
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    Impact of COVID-19 on Intelligent Camera Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Intelligent Camera Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Intelligent Camera Market is estimated to grow from USD 4.7 billion in 2020 to USD 8.1 billion by 2026 at a healthy CAGR of 9.5% during the forecast period.  

    Figure: Global Intelligent Camera Market Size, 2020-2026 (USD Billion)

    Intelligent-Camera-Market-Forecast

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    What is intelligent camera?

    An intelligent camera, also known as a smart camera, is referred to as an image processing system that is designed to automate decisions in an industrial capacity. These cameras are considered as a hybrid of digital camera and smartphone based on their usage and applications. These cameras mainly comprise two essential components that are standalone vision system and an inbuilt image sensor. Smart cameras are also capable of reprogramming and enable in enhancing communication that offers benefits to machine vision systems. 

    Key Players

    Key players operating in the global intelligent camera market are-

    • Australian Wax Co (Australia),
    • Brick Packaging LLC (The U.S),
    • Calwax, LLC (The U.S),
    • City Company Seals Ltd (UK),
    • The British Wax Refining Company Ltd (UK),
    • Blended Waxes, Inc. (The U.S),
    • The Darent Wax Company Ltd (UK),
    • Southwest Wax LLC (The U.S),
    • Oakbank Products Limited (UK), and
    • Jax Wax Pty Ltd. (Australia).

    Market Dynamics

    Diverse production application for surveillance and security applications coupled with robust technological developments in improving quality imaging is a key factor driving the product demand.

    • Also, the transformation of embedded system designs, image sensors, smart lenses are expected to further bolster the market growth.
    • Moreover, governmental norms to set up security & surveillance systems in public spaces are further expected to offer lucrative opportunities to the market participants.
    • However, a lack of standardization for the installation of intelligent cameras is likely to hinder the market expansion.

    Market Segmentation

    Sensor Type Trends

    By sensor type, the intelligent camera market has been bifurcated into CMOS and CCD.

    • The CMOS sensor type dominated the global market in 2020 and is likely to register a steady CAGR during the review period.
    • This is mainly ascribed to its increasing adoption in security & surveillance systems.
    • Also, low power consumption, smaller size, faster frame rate, ease of integration, and lower production cost of CMOS sensors, further drives the segment growth.

    Regional Trends

    Based on region, Asia Pacific witnessed the largest share in 2020 and is likely to grow at a robust CAGR in the following years. This is mainly attributed to the technological advancements taking place in the region.

    The Asia Pacific is also emerging as a production hub for intelligent cameras. The military & defence, transit facilities, and public spaces demand high security, thus propel regional growth. China, Japan, India, and South Korea are the major contributing countries.

    COVID-19 Impact on Global Intelligent Camera Market

    The intelligent camera industry was moderately hit by the outbreak of coronavirus pandemic as almost every industry was working remotely. As there were few people outside and in office, government offices, as well as in the military, there was declining demand for security & surveillance systems, further affected the demand for the intelligent camera. However, these cameras helped for contact tracing to trace the people infected with the virus.

    Critical Questions Answered in the Report

    • What are the key trends in the global intelligent camera market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global intelligent camera market?
    • What are the key strategies adopted by the major vendors to lead in the global intelligent camera market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Intelligent camera market aims to convert the most:

    • Intelligent Camera companies
    • Intelligent Camera retailers
    • Military companies
    • Security & surveillance companies
    • Government bodies
    • Housing societies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The intelligent camera market is expected to reach USD 8.1 billion in the foreseeable future.

    Australian Wax Co (Australia), Brick Packaging LLC (The U.S), Calwax, LLC (The U.S), City Company Seals Ltd (UK), The British Wax Refining Company Ltd (UK), Blended Waxes, Inc. (The U.S), The Darent Wax Company Ltd (UK), Southwest Wax LLC (The U.S), Oakbank Products Limited (UK) and Jax Wax Pty Ltd. (Australia) are among the key players in the intelligent camera market.

    The intelligent camera market is expected to witness an impressive growth of 9.5% CAGR in the coming years.

    Asia-pacific witnessed largest share of intelligent camera market in 2020.

    The CMOS sensor type dominated the intelligent camera market in 2020.

    Diverse production application for surveillance and security applications coupled with robust technological developments in improving quality imaging is the key factor driving the growth of intelligent camera market.

    Intelligent Camera companies, Intelligent Camera retailers, Military companies, Security & surveillance companies, Government bodies, Housing societies are the target audience in the intelligent camera market.

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