Intelligent Camera Market Report
The report on the Global Intelligent Camera Market is segmented by Sensor Type (CMOS, CCD), By Application (Public Spaces, Military & Defense, Transit Facilities, Commercial Facilities, Enterprise & Government Infrastructure, Residential Infrastructure), and Region.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global intelligent camera market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Intelligent Camera Market is segmented by Sensor Type (CMOS, CCD), By Application (Public Spaces, Military & Defense, Transit Facilities, Commercial Facilities, Enterprise & Government Infrastructure, Residential Infrastructure), and Region....
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.
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)
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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 operating in the global intelligent camera market are-
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.
By sensor type, the intelligent camera market has been bifurcated into CMOS and CCD.
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.
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.
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The following is a list of the customers that the Intelligent camera market aims to convert the most:
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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.