[Latest] Global AI Camera Market Size/Share Worth USD 30.4

Austin, TX, USA, April 09, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “AI Camera Market Size, Trends and Insights By Component (Hardware, Software, Services, Others), By Type (Surveillance Cameras, Smartphone Cameras, Digital Cameras, Industrial Cameras, Others), By Technology (Image/Face Recognition, Voice/Speech Recognition, Computer Vision, Context Awareness, Others), By Industry Vertical (Consumer Electronics, Automotive, Manufacturing, Sports, Retail, Healthcare, Transportation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global AI Camera Market size & share was valued at approximately USD 8.1 Billion in 2023 and is expected to reach USD 9.2 Billion in 2024 and is expected to reach a value of around USD 30.4 Billion by 2033, at a compound annual growth rate (CAGR) of about 14.1% during the forecast period 2024 to 2033.”

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AI Camera Market: Growth Factors and Dynamics

Surveillance Applications: The increasing demand for AI-powered cameras stems from a growing need for sophisticated surveillance solutions. AI algorithms embedded in cameras offer advanced analytics, enabling features such as object detection, behavior analysis, and facial recognition. This contributes to a more comprehensive and intelligent security apparatus across industries, including transportation, critical infrastructure, and commercial spaces.

Smart City Initiatives: The advent of smart city initiatives globally is a significant driver for AI camera market growth. These cameras play a crucial role in creating intelligent urban environments by facilitating applications such as smart traffic management, public safety monitoring, and data-driven urban planning. As cities aim for increased efficiency and connectivity, AI cameras emerge as fundamental components in shaping modern urban landscapes.

Retail Analytics: The retail sector extensively adopts AI cameras to gain actionable insights into consumer behavior. These cameras facilitate advanced analytics such as customer foot traffic monitoring, dwell time analysis, and inventory management. The integration of AI in retail environments enhances decision-making processes, optimizes store layouts, and improves overall operational efficiency, contributing to a more personalized and efficient shopping experience.

Healthcare Applications: AI-powered cameras are making significant inroads into healthcare, offering solutions for patient monitoring, fall detection, and adherence to safety protocols. The ability of these cameras to analyze data in real time contributes to improved patient care, enables remote monitoring, and enhances overall healthcare service delivery. The integration of AI cameras in healthcare settings aligns with the industry’s pursuit of advanced and technology-driven patient care solutions.

Edge Computing Integration: The integration of AI at the edge of camera systems is a transformative trend. By processing data locally, AI cameras reduce latency and improve response times. This shift towards edge computing enhances the efficiency of AI applications in cameras, making them more agile and suitable for scenarios where real-time processing is critical, such as in autonomous vehicles, industrial automation, and smart home devices.

Advancements in Facial Recognition: Facial recognition technology is a cornerstone in AI camera applications, with ongoing advancements in accuracy, speed, and versatility. From security systems to user authentication in smartphones, facial recognition is becoming more pervasive. The continuous improvement of facial recognition algorithms makes AI cameras integral to identity verification, access control, and personalized user experiences across diverse sectors, further fueling market growth.

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AI Camera Market: Partnership and Acquisitions

In 2023, Sony unveils the Alpha 7R V (model ILCE-7RM6), the latest addition to its Alpha mirrorless interchangeable lens camera line. Featuring Sony’s highest-resolution image sensor, the Alpha 7R V incorporates a new AI processing unit dedicated to AI-based image recognition, promising advanced capabilities in image processing and recognition within its acclaimed series.

In 2023, Dahua unveils the IPC WizMind S series, the latest upgrade to its IPC WizMind 5 series. Leveraging AI technology, this release enhances image performance, introduces intelligent features, and supports a versatile environment. As a leading video centric AIoT solution provider, Dahua continues to advance its offerings for comprehensive and intelligent video solutions.

In 2023, Hikvision launches five new cameras featuring its ColorVu technology, providing high-quality color images day and night. The cameras ensure 24/7 color imaging coupled with Hikvision’s AI-driven intelligent event detection, triggering visible, audible, and network alarms in response to noteworthy events, enhancing security and surveillance capabilities.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 9.2 Billion
Projected Market Size in 2033	USD 30.4 Billion
Market Size in 2023	USD 8.1 Billion
CAGR Growth Rate	14.1% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Component, Type, Technology, Industry Vertical and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the AI Camera report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the AI Camera report has been modified to include the COVID-19 impact study prior to delivery.)

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AI Camera Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the AI Camera Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Supply Chain Disruptions: The AI camera market experienced supply chain disruptions during the pandemic, affecting manufacturing and distribution. Lockdowns, restrictions, and workforce challenges led to delays in the production and delivery of AI camera components and systems.

Reduced Implementation in Certain Sectors: Some sectors, such as retail and hospitality, witnessed reduced AI camera implementations during the pandemic due to business closures and decreased operational activities. The economic impact resulted in deferred investments in AI-powered surveillance and analytics solutions.

Increased Emphasis on Public Safety: Post-pandemic, there is a heightened emphasis on public safety, driving increased adoption of AI cameras for contactless temperature screening, crowd monitoring, and mask detection. These applications contribute to health and safety measures, fueling demand for AI-driven surveillance solutions.

Resilience in Smart City Projects: The recovery in smart city initiatives has spurred the demand for AI cameras in urban planning, traffic management, and public safety applications. Governments and municipalities are investing in AI-powered surveillance systems to enhance city resilience and responsiveness, contributing to the resurgence of the AI camera market.

Accelerated Digital Transformation: The pandemic accelerated digital transformation efforts across industries. Organizations are now prioritizing AI-powered solutions, including cameras, to optimize operations, enhance security, and streamline processes. This renewed focus on technology integration acts as a catalyst for the recovery of the AI camera market.

Remote Monitoring and Healthcare Applications: The healthcare sector increasingly adopting AI cameras for remote patient monitoring and compliance monitoring. AI-powered cameras play a crucial role in ensuring health and safety measures in healthcare facilities, contributing to market recovery by addressing emerging needs in the post-pandemic landscape.

Shift towards Contactless Technologies: The COVID-19 pandemic prompted a global shift towards contactless technologies. AI cameras, with their ability to enable touchless access control, temperature screening, and social distancing monitoring, gained prominence in various sectors. The increased awareness and preference for contactless solutions drive the recovery of the AI camera market as businesses prioritize technology that enhances safety and minimizes physical interactions.

In conclusion, the COVID-19 pandemic has had a mixed impact on the AI Camera Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

What is the size of the AI Camera market and what is its expected growth rate?
What are the primary driving factors that push the AI Camera market forward?
What are the AI Camera Industry's top companies?
What are the different categories that the AI Camera Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the AI Camera market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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AI Camera Market – Regional Analysis

The AI Camera Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, AI camera trends revolve around advanced security solutions, including facial recognition in public spaces and residential areas. The emphasis is on privacy-aware technologies, regulatory compliance, and integration of AI cameras with smart city initiatives for comprehensive urban surveillance.

Europe: European trends in AI cameras prioritize sustainability, incorporating energy-efficient and eco-friendly features. There’s a focus on AI-driven solutions for heritage preservation, intelligent transportation systems, and enhancing public safety. Privacy regulations heavily influence AI camera deployments, ensuring ethical use and data protection.

Asia-Pacific: In the Asia-Pacific region, AI camera trends center around smart city development, with a focus on traffic management, public safety, and urban planning. The rapid adoption of AI-powered surveillance in retail, manufacturing, and healthcare sectors is prominent. The region also experiences a surge in innovative applications like AI-driven agricultural technologies.

LAMEA (Latin America, Middle East, and Africa): LAMEA showcases trends in AI cameras geared towards addressing specific regional challenges. This includes AI-powered solutions for agriculture in parts of Africa, enhanced surveillance for urban safety in the Middle East, and the integration of AI cameras in smart infrastructure projects across Latin America. Privacy considerations and cultural nuances influence deployments in these regions.

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Browse the full “AI Camera Market Size, Trends and Insights By Component (Hardware, Software, Services, Others), By Type (Surveillance Cameras, Smartphone Cameras, Digital Cameras, Industrial Cameras, Others), By Technology (Image/Face Recognition, Voice/Speech Recognition, Computer Vision, Context Awareness, Others), By Industry Vertical (Consumer Electronics, Automotive, Manufacturing, Sports, Retail, Healthcare, Transportation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/ai-camera-market/

List of the prominent players in the AI Camera Market:

Hikvision Digital Technology Co. Ltd.
Dahua Technology Co. Ltd.
Axis Communications AB
Bosch Security Systems
Hanwha Techwin Co Ltd.
Sony Corporation
FLIR Systems Inc.
Panasonic Corporation
Avigilon Corporation
Zhejiang Uniview Technologies Co. Ltd.
VIVOTEK Inc.
Pelco by Schneider Electric
Honeywell International Inc.
Tiandy Technologies Co. Ltd.
CP PLUS International
Others

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The AI Camera Market is segmented as follows:

By Component

Hardware
Software
Services
Others

By Type

Surveillance Cameras
Smartphone Cameras
Digital Cameras
Industrial Cameras
Others

By Technology

Image/Face Recognition
Voice/Speech Recognition
Computer Vision
Context Awareness
Others

By Industry Vertical

Consumer Electronics
Automotive
Manufacturing
Sports
Retail
Healthcare
Transportation
Others

Click Here to Get a Free Sample Report of the Global AI Camera Market @ https://www.custommarketinsights.com/report/ai-camera-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This AI Camera Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This AI Camera Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the AI Camera Market? What Was the Capacity, Production Value, Cost and PROFIT of the AI Camera Market?
What Is the Current Market Status of the AI Camera Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of AI Camera Market by Considering Applications and Types?
What Are Projections of the Global AI Camera Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is AI Camera Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On AI Camera Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of AI Camera Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for AI Camera Industry?

Click Here to Access a Free Sample Report of the Global AI Camera Market @ https://www.custommarketinsights.com/report/ai-camera-market/

Reasons to Purchase AI Camera Market Report

AI Camera Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
AI Camera Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
AI Camera Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
AI Camera Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global AI Camera market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium AI Camera Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/ai-camera-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide AI Camera market analysis.

The competitive environment of current and potential participants in the AI Camera market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide AI Camera market should find this report useful. The research will be useful to all market participants in the AI Camera industry.
Managers in the AI Camera sector are interested in publishing up-to-date and projected data about the worldwide AI Camera market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in AI Camera products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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