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Intelligent Camera Market Growth Analysis | 2021-2026
Intelligent Camera Market Size, Share, Dynamics, Forecast, and Growth Analysis- 2021-2026.
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.
The intelligent camera market was estimated at US$ 4.7 billion in 2020.
The intelligent camera market is likely to reach US$ 8.1 billion in 2026.
The intelligent camera market is growing at a CAGR of 9.5% over the forecast period.
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 market.
Asia-pacific witnessed the largest share of the market in 2020.
The CMOS sensor type dominated the 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 the market.