The global AI camera market is projected to reach $23.3 billion by 2028, at a CAGR of 14.6% during 2023-2028. The growth of AI camera market is driven by growing integration of these cameras in smartphones, growing demand for these AI based cameras in smart homes, and escalating need for AI-based surveillance to record and prevent criminal activity as well as terrorist attacks.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the AI camera market by product
type (smartphone camera, DSLR, and surveillance camera), technology (image/
face recognition, voice/ speech recognition, computer vision, and others),
application (public & private sectors, retail, BSFI, healthcare,
automotive, legal, education, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the AI camera market?
Q.4 What are some
changing demands of customers in the AI camera market?
Q.5 What are the new
developments in the AI camera market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this AI camera area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this AI camera market?
Market Segmentation:
Based on product type,
the AI camera market is segmented into smartphone camera, DSLR, and
surveillance camera. The surveillance camera segment accounted for the largest
share of the market in 2023 and is expected to register the highest CAGR during
the forecast period, due to the considerable usage of AI cameras for
surveillance to develop HDR images and it is also utilized for multi-image
recording in low light, and computational imaging to get a stepless zoom
effect.
APAC is expected to
witness highest growth over the forecast period due to the increasing
governmental spending towards security surveillance in the region, rising
investments in technologically advanced electronic devices, and presence of key
manufacturing hub in China.
Key Players in the AI
camera market are Axis Communications, Bosch Security Systems, D-Link, Eagle
Eye Networks, Hangzhou Hikvision Digital Technology, Hanwha Techwin America,
and Panasonic.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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