Smart Cameras Market- Strategy, Revenue, Opportunity, Business Segment Overview and Key Trends 2020-2027

 

As per the analysis by the Market Research Future Reports (MRFR),the global smartcameras market is expected to expand at a CAGR of8% and value approximately 2 billion by the end of 2023. 

The global market for the smart camera is likely to growconsiderably during the forecast period from 2017 to 2023. The robustdevelopment in camera technology, increasing adoption of automation systems by industries and homes, expansion of semiconductor and electronics industries have contributed significantly to the expansion of the global market for smart camera 2020. The rising demand for surveillance and security, easy installation process, developed specifications in electronic gadgets are likely to propel the smart camera market at a global level.  However, the lack of technical proficiency and the high cost of cameras are the major factors hindering the growth of global smart cameras. Apart from this, the scarcity of standardization and constant review of regulatory policies of local bodies of various economies on the installation of smart cameras at sensitive locations are assumed to act as an obstacle to the expansion of the smart camera market. 

 

MarketSegmentation 

 

The global market for the smart camera can be classified on thebasis of end-user, components, application, sensor technology, integration,scanning technology, and region. 

 

On the basis of end-user, the global market for the smart cameracan be segmented into Military &Defense, Public Spaces, Transit Facilities, Enterprise & GovernmentInfrastructure, Commercial Facilities, and Residential Infrastructure. 

 

On the basis of components, the globalmarket for the smart camera can be segmented into Communication Technology, DigitizationCircuit, Sensors, Lighting Device/LED, and Storage Hardware. 

 

On the basis ofapplication, the global market for the smart camera can be segmented into Fingerprint Readers, Security & Surveillance, FaceRecognition, Robotics, Traffic Surveillance, and Industrial Machine Vision. 

 

On the basis of sensortechnology, the global market for the smart camera can be segmented into CCDand CMOS. 

 

On the basis of integration, the global marketfor the smart camera can be segmented into DistributedSmart Cameras, Embedded SmartCameras, Single-Chip Smart Cameras, and Stand-Alone Smart Cameras. 

 

On the basis of scanningtechnology, the global market for the smart camera can be segmented into LineScan, and Area Scan. 

 

On the basis of region, the global market forthe smart camera can be segmented into NorthAmerica, Europe, Asia Pacific, and the Rest of the World (RoW). 

 

RegionalSegmentation 

 

The geographical analysis of Europe, NorthAmerica, Asia Pacific, and RoW has been performed. As per the analysis, theAPAC is likely to reign the global smart camera by acquiring the maximum market share in the region. The developing countries of APAC, such as Taiwan, China, Japan, and the Republic of Korea, are making a significant contribution to the market. It is accredited to a large number of suppliers of electronics components, manufacturers, and semiconductors are enhancing the market to expand significantly. Europe is likely to have a considerable growth of the smart camera market due to the increasing demand for security and surveillance in public places. The North American region is likely to expand due to the presence of developed nations like Canada and the U.S. It is likely to expand considerably during the review period. 

 

Themost important players in the market for the smart camera are SonyCorporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Bosch Security Systems, Inc. (Germany), Nikon Corporation (Japan), Canon Inc. (Japan), Flir Systems, Inc. (U.S.), Raptor Photonics Ltd. (U.K.), Panasonic Corporation (Japan), Olympus Corporation(Japan), Watec Cameras Inc. (Japan), and Polaroid Corporation (U.S.).   

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Market Research Future (MRFR) isa reliable firm that undertakes an extensive analysis of markets in variousdomains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. 

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