Intelligent Camera Market Expected to Experience Attractive Growth Through 2026

Stratview Research delivers key insights on the Intelligent Camera market in its latest report titled Intelligent Camera 2021-2026.
According to the report, the intelligent camera market was estimated at USD 4.7 billion in 2020 and is likely to grow at a CAGR of 9.5% during 2021-2026 to reach USD 8.1 billion in 2026.
Market Drivers
Diverse production application for surveillance and security applications coupled with robust technological developments in improving quality imaging is a key factor driving the product demand.
• Also, the transformation of embedded system designs, image sensors, and smart lenses is expected to further bolster the market growth.
• Moreover, governmental norms to set up security & surveillance systems in public spaces are further expected to offer lucrative opportunities to the market participants.
• However, a lack of standardization for the installation of intelligent cameras is likely to hinder market expansion.
What is an intelligent camera?
An intelligent camera, also known as a smart camera, is referred to as an image processing system that is designed to automate decisions in an industrial capacity. These cameras are considered as a hybrid of digital cameras and smartphones based on their usage and applications. These cameras mainly comprise two essential components that are standalone vision system and an inbuilt image sensor. Smart cameras are also capable of reprogramming and enable in enhancing communication that offers benefits to machine vision systems.
Segment Analysis
By sensor type, the intelligent camera market has been bifurcated into CMOS and CCD.
• The CMOS sensor type dominated the global market in 2020 and is likely to register a steady CAGR during the review period.
• This is mainly ascribed to its increasing adoption in security & surveillance systems.
• Also, low power consumption, smaller size, faster frame rate, ease of integration, and lower production cost of CMOS sensors, further drive the segment growth.
Based on region, Asia Pacific witnessed the largest share in 2020 and is likely to grow at a robust CAGR in the following years. This is mainly attributed to the technological advancements taking place in the region.
The Asia Pacific is also emerging as a production hub for intelligent cameras. The military & defense, transit facilities, and public spaces demand high security, thus propelling regional growth. China, Japan, India, and South Korea are the major contributing countries.
Key Players
The top market segments considered to prepare this report are reputed market players of Intelligent Camera industry from different geographical locations, their product type and application industries.
Some of the top market players considered for this report are as follows:
• Australian Wax Co (Australia),
• Brick Packaging LLC (The U.S),
• Calwax, LLC (The U.S),
• City Company Seals Ltd (UK),
• The British Wax Refining Company Ltd (UK),
• Blended Waxes, Inc. (The U.S),
• The Darent Wax Company Ltd (UK),
• Southwest Wax LLC (The U.S),
• Oakbank Products Limited (UK), and
• Jax Wax Pty Ltd. (Australia).
Read More: https://www.stratviewresearch.com/1634/intelligent-camera-market.html
The report delivers detailed profiles of the key market influencers, market value, growth factors, etc. Furthermore, important information such as sales data, value, volume market share, profit margin, and growth plans of coming few years is also provided in the report.
The product trends, market share of the top market players, their profile details to know the competitive analysis, market growth of different regions, growth promoters, roadblocks, and opportunities are some of the key insights of the report that will help the users to prepare business plan and understand the investment opportunity and make a mark in the market.
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daisy rossetti