A smart camera is acting as a vision system along with special features that are implemented for achieving specific purpose. The smart camera used for the security or surveillance requires higher dynamic range of the sensors for covering the broad illumination ranges of the scene. These types of cameras support a wide range of applications such as animal and human detection, motion analysis, facial identification and surveillance. The smart cameras leverage large scale integration for meeting the requirements at a lower cost and with a lower power system with the substantial memory.
The Smart Cameras Market Report combines all-inclusive industry analysis with specific estimates and forecasts to provide maximum clarity for strategic decision-making with comprehensive research solutions. Implementation of market research reporting is becoming very central to success for businesses as it provides insights into revenue growth and sustainability initiative. This market research report from Smart Cameras is a comprehensive market overview that takes into account different aspects of product definition, market segmentation based on different parameters, and the established merchant landscape. Smart Cameras market research report also offers businesses with company profile, product specifications, value of production, contact information for the manufacturer and company market shares. Smart Cameras market research report is sure to assist companies in making better decisions, generating revenue, prioritizing market goals and profitable business for long-lasting achievements.
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Following analysis has been performed to dig deep into the market for in-depth understanding-:
Market Analysis-:
Global smart cameras market is expected to register a healthy CAGR of 12.1% during the forecast period of 2019-2026. The report contains data for historic year 2017 and the base year of calculation is 2018. This rise in market value can be attributed to the consumer desire of having digital camera along with the features resembling smartphone.
Competitive Landscape
SAMSUNG, Sony Corporation, Bosch Security Systems, Inc., Canon (UK) Ltd, Nikon Corporation, FLIR Systems, Inc., Panasonic Corporation, Raptor Photonics, Olympus Corporation, PLR Ecommerce, LLC., WATEC CAMERAS, IntelliVision, VIVOTEK Inc., VMukti Solutions Pvt. Ltd., Axis Communications AB, Zmodo, Vivint, Inc., ATA-VISION, Basler AG, Omron Microscan Systems, Inc., Vision Components GmbH, Matrox, Hero Electronix Private Limited, XIMEA
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Various methodologies utilized to analyze the report:
For acquiring full market intelligence, various market research tools and techniques have been employed such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis and PEST analysis. Primary and secondary research methodologies, data triangulation which incorporates data mining, analysis of crucial factors and experts’ validation has been utilized to analyze and summarize the report.
What are the major market growth drivers?
- Enhanced application of smart cameras for the security and surveillance is driving the market growth
- Increasing adoption of the automation systems by industries and homes is also expected to fuel the growth of this market
- Rising semiconductor and electronics industries may boost the market growth in the forecast period
- Growing developments in camera technology is escalating the market for a long run
Market Restraints:
- Smartphones with enhanced camera quality is expected to restrain the market growth
- Lack of technical expertise will also hinder the market growth
- Higher cost of cameras can hamper the market demand in the forecast period
Scope of Market
- It helps in making informed business decisions by having complete insights of Smart Cameras market and by in-depth analysis of market segments
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- Analysis of the various growth opportunities in the Global Smart Cameras Market for stakeholders and to provide details of competitive landscape for significant players
- Competitive Analysis of the top Competitors operating in the market space along with analyzing the latest trends and business strategies used by various Companies.
- Growth of the Global Smart Cameras Market industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
- Key points related to the focus on Smart Cameras market like product definition, variety of application, Revenue and demand and supply statistics.
By Type
- Single-Chip Smart Cameras
- Stand-Alone Smart Cameras
- PC & Network-Based Smart Cameras
- Embedded Systems Smart Cameras
By Component
- Image Sensors
- Display
- Lens
- Processors
- Others
By Technology
- Sensors
- CCD
- CMOS
- Scanning
- Line Scan
- Area Scan
By Application
- Consumer Electronics
- Video Surveillance
- Industrial
- Automobile
- Transportation
- Medical
- Others
By Connectivity
- Wireless HART
- Bluetooth
- Wi-Fi
- Others
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Highlights of the Study
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them.
- Learn about the market strategies that are being adopted by your competitors and leading.
Key Developments in the Market:
- In September 2019, Hero Electronix launched an AI smart indoor camera and sensors under the ‘Qubo’ brand. The product is made in partnership with Amazon. This product comes with the Amazon’s voice assistant product Alexa built-in and also has an artificial intelligence powered-image analytics technology mainly for the face recognition, baby crying alerts and person detection. With this launch the company will create a leading consumer technology brand
- In November 2015, FLIR Systems, Inc. acquired the DVTEL, Inc. (U.S.). The company is known for its large scale sales channels and distribution network which would help to increase the market share of the company globally. This acquisition would help the company for developing hardware and software technologies for the advanced video surveillance
Competitive Analysis:
Global smart cameras market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart cameras market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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