Overview:

The global smart camera market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Smart camera is an intelligent machine used for security and surveillance purpose. The smart cameras are technologically advanced product that have advanced imaging and 360-degree field of view. These cameras are able to collect application specific data from the collected images and can produce description of the captured event captured.

Market Dynamics:

Growing focus of government authorities on development of advanced security infrastructure along with rising demand for advanced security and surveillance system among private and public enterprises are major factors expected to drive growth of the global smart camera market. Also, emerging smart city projects and rising public safety and security issues are expected to result in demand for smart cameras in the near future.

However, factors such as technological glitches and data security concerns associated with smart cameras are expected to hamper the growth of global smart camera market to a certain extent.

Key Trends:

Key trend observed in the market is introduction of innovative products by major players in order to increase the revenue. In April 2020, Xiaomi Corporation - a global consumer electronics company launched Mi Smart Camera PTZ and PTZ Pro, two new security cameras for smart home application.

Regional Analysis:

For detailed understanding of market dynamics, the global smart cameras market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific accounted for the major revenue share in 2018, owing to flourishing consumer electronics sector. In addition, rising demand for smart cameras form transit facilities and commercial facilities is another factor expected to support the growth of target market in the region.

In addition, presence of large number of electronic manufacturers in the countries such as China, South Korea, and Japan is expected to positively impact the growth of regional market. Furthermore, emergence of small and mid-size enterprises with low cost innovative solutions is expected to support the growth of target market. The target market in North America is expected to witness significant growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Smart Camera Market, By Sensor Technology:

• CMOS
• CCD

Global Smart Camera Market, By Scanning Technology:

• Area Scan
• Line Scan

Global Smart Camera Market, By Application:

• Public Spaces
• Military & Defense
• Transit Facilities
• Commercial Facilities
• Residential Infrastructure

Key Players Covered:

Key players operating in the market includes, Axis Communications AB., Panasonic i-PRO Sensing Solutions Co., Ltd., Samsung, Godrej & Boyce Mfg. Co. Ltd, Xiaomi Corporation, Sony Corporation, Bosch Security Systems, Digital Watchdog, and Allegion Plc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Smart Camera Market by sensor technology, scanning technology, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global smart camera market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.