iCrowd Newswire – Jul 28, 2020
Market Research Future (MRFR) confirms the value of the AI camera market 2020 was USD 4.96 Billion in 2018; while presuming that the market can touch USD 21.58 Billion by 2025-end. Between 2016 and 2025, the market advancement rate is expected to be 23.8%, despite the COVID-19 impact on the global economy. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
Top Players Proactively Seeking Better Avenues in Global AI Camera Market Include:
Honeywell International, Huawei Technology Co Ltd, Nikon Corporation, Fujitsu Ltd, Canon Inc, Samsung Electronics, Xiaomi Inc, HikVision, Google LLC, Apple Inc, Sony Corporation, Huddly AS, LG Electronics, and more.
Covid 19 Pandemic Analysis on AI Camera Market with Complete Table of Content and Free Sample at:
A number of these contenders add significantly to the market growth. Besides the mentioned players, there are several other firms that invest roughly 25 to 30% in the AI camera industry. Further, since the SARS-CoV-2 outbreak, many key innovators have been launching better quality AI cameras and sensors to address the challenges thrown by the pandemic.
A case in point can be Motorola Solutions, which in May 2020, built an advanced analytics technology that boosts its Avigilon AI security cameras that ensure proper distance between the workers and also if they are wearing the protective masks. This system makes use of AI to gather the footage as well as statistics to notify the organizations about any breach in the guidelines
Top Boosters and Key Challenges:
The COVID-19 outbreak has been devastating for the world economy, affecting possibly all the industries. The resultant lockdown and the social distancing practice further deteriorated the situation. However, businesses now are restarting with their operations as countries are trying to bring the pandemic under control. Since SARS-CoV-2 and its impact, an increasing number of firms are now spending heavily on the artificial intelligence/AI camera technology to facilitate social distancing measures and prevent people from standing close to each other.
The novel coronavirus has been a mixed bag for the companies, who are viewing it as an opportunity. Many of these companies are exploring the AI camera technology to launch better featured models and attract more consumers. For instance, in June 2020, Amazon built an AI camera that is being used in warehouses for ensuring that employees are adhering to the social distancing guidelines. Distance Assistant, company’s AI camera features a local computing device along with 50-inch monitor that deploys depth sensors to measure the distance between the workers.
AI camera in smartphone is quite useful, as it helps detect intensity of light, white balance and the landscape, which promotes its demand in the smartphones market. The escalating demand for monitoring and surveillance at commercial stores, better consumer experience, accelerated productivity, and greater return on investment are other factors that promote market growth. Apart from these, the further development of machine learning, deep learning, and natural language processing (NLP) technology are expected to create further opportunities for the smartphones and camera manufacturers to grow in this market.
The Artificial Intelligence Camera market has been considered for type and technology.
The types of AI cameras in the market are DSLRs, surveillance cameras, smartphone cameras, and others.
The key technologies described in the report are computer vision, voice/speech recognition, image/face recognition, and others.
The regional study of the AI camera market covers Europe, South America, the Middle East & Africa/MEA, APAC/Asia Pacific and North America.
North America leads the global market for artificial intelligence camera in light of the high adoption rate of the product across various industries. The AI camera market in the United States is quite profitable, as a result of the high deployment rate of the artificial intelligence technology in the consumer electronic industry. Retail sector, law enforcement and surveillance systems are also some of the key end-users in the North American AI camera market.
The second lead has been taken by the APAC market, with the highest revenue generation estimated in China and Japan. China witnesses major technological innovations in the consumer electronics, retail and surveillance sector, which benefits the AI camera market. China accounts for close to 40% of the global CCTV camera production, which can help the APAC market accrue the fastest growth rate during the evaluation period.
List of Table:
Table 1 Global AI Camera Market, By Type, 2019–2025
Table 2 Global AI Camera Market, By Technology, 2019–2025
Table 3 Global AI Camera Market, By Region, 2019–2025
Table 4 North America: AI Camera Market, By Country, 2019–2025
Table 5 North America: AI Camera, Market, By Type, 2019–2025
List of Figures:
FIGURE 1 Global AI Camera Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global AI Camera Market
FIGURE 4 Value Chain Of The Global AI Camera Market
FIGURE 5 Share Of The Global AI Camera Market In 2018, By Country (In %)
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Keywords: AI Camera Market, AI Camera, AI Camera Industry, Global AI Camera Market, Covid-19 AI Camera Market, Artificial Intelligence Camera Market