Market Research Future published a research report on “AI Camera Market Research Report – Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027
Market Analysis
Market Research Future (MRFR) presumes the global AI camera market to reach USD 21.58 billion at a CAGR of 23.8% from 2019 to 2025 (forecast period).
Artificial intelligence (AI) cameras include technologies such as computer vision, image recognition, machine learning, and speech/voice recognition, among others that form the umbrella for artificial intelligence technology. These cameras are widely used in smartphones and surveillance cameras to identify the landscape, intensity of light, and white balance while capturing an image. China is one of the leading nations in the use of AI cameras on a larger scale. China has installed AI-enabled surveillance cameras in around 75% of the city's crowded areas. The AI camera allows law enforcement agencies to identify any unwanted activity and stop any mishappening.
Artificial intelligence is one of the key disrupting technologies that is being utilized by a variety of businesses and industries. The advancement and growth of big data, as well as the integration of artificial intelligence technology in smart devices, are the primary reasons driving the AI Camera Market. Furthermore, businesses, device manufacturers, and consumers in both developed and developing countries are recognizing the benefits and significance of incorporating artificial intelligence into existing systems. The technology intends to provide numerous industries with efficient, low-cost operations and high productivity. Other reasons driving the growth of the artificial intelligence camera market include increased need for surveillance and monitoring in commercial stores, enhanced user experience, increased productivity, and a higher return on investment (RoI). Aside from these, the further advancement of machine learning, deep learning, and natural language processing (NLP) technology is likely to open up new avenues for smartphone and camera manufacturers to flourish in this industry.
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Key Players
The key players in the global AI camera market are recognized across all the main regions based on their country of origin, presence, recent main developments, product diversification, and industry expertise. Some of them are Samsung Electronics, Sony Corporation, Xiaomi Inc, Honeywell International, Canon Inc, Nikon Corporation, Huawei Technology Co Ltd, LG Electronics, Google LLC, HikVision, Apple Inc, Fujitsu Ltd, Huddly AS.
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Market Segmentation
The global AI camera industry has been segmented based on type and technology.
By type, the global AI camera market has been segmented into smartphone cameras, surveillance cameras, DSLRs, and others.
By technology, the global AI camera market has been segmented into image/face recognition, voice/speech recognition, computer vision, and others.
Regional Analysis
Region-wise, the global AI camera market has been categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
North America is leading the artificial intelligence camera market with the highest adoption rate. The integration of artificial intelligence technology in consumer electronic devices, surveillance systems, the retail sector, and law enforcement are the primary reasons driving the growth of the AI camera market in North America. Asia Pacific, particularly China and Japan, follows North America. China has experienced significant advancements in the surveillance, consumer electronics, and retail sectors. China accounts for roughly 40% of the global production of CCTV cameras. As a result, the Asia Pacific region is likely to be the fastest-growing regional market throughout the projection period.
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Table of Content:
- Introduction
- AI Camera Market Segmentation
- AI Camera Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Delivery
- Industry Type
- Geography
- Company Landscape
- Company Profiles
- Related Reports
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