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.
For the growth of business, smart cameras market research report has a lot to offer and hence it plays a very important role in growth. Myriad of factors have been studied in this report that have an influence on the market and semiconductors&electronics industry. These factors can be listed as industry insight and critical success factors (CSFs), market segmentation, value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. The analysis mentioned in smart cameras report gives clear idea on various segments that are relied upon to view the quickest business development in the course of the estimate forecast frame.
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Key Market Competitors:
Few of the major competitors currently working in global smart cameras market are 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 among others.
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
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.
- 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
- 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
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Segmentation:Global Smart Cameras Market
- Single-Chip Smart Cameras
- Stand-Alone Smart Cameras
- PC & Network-Based Smart Cameras
- Embedded Systems Smart Cameras
- Image Sensors
- Line Scan
- Area Scan
- Consumer Electronics
- Video Surveillance
- Wireless HART
- North America
- South America
- Middle East & Africa
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