Updated News:Smart Camera Market — Global Industry Analysis and Forecast 2020 to 2027
Global Smart Camera Market: Key Highlights
- According to the new market research report “Smart Camera Market by Sensor Technology (CMOS, CCD), by Component (Image Sensor, Memory, Processor, Communication Interface, Lens, Display and Others), by Product Type (Standalone, Single chip and Embedded), by Connectivity Type (Wi-Fi, Bluetooth, Wireless HART and Others), by Application (Robotics, Automobile, Security, Medical, Consumer Electronics, Industrial and Others), by End-User (Transportation & Automotive, Healthcare & Pharmaceutical, Food & Beverages, Military & Defense and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2020 to 2027)”, the global Smart Camera Market is estimated to reach USD 8.7 Billion by 2027 at a CAGR of around 9.4% during the review period.
- The smart camera is a sub segment of wireless cameras which has various function that can help to monitor the status of home from any location. As well as, it has the ability to recognize faces which is major benefits of installing this type of cybersecurity system.
- Moreover it used for motion detection, GPS, geofencing, communication, real-time viewing, as well as for cloud storage. These trend will lead to boost the growth of the market in the forecast period…
Global Smart Camera Market: Key Market Dynamics
- With the increasing penetration of smart homes is witness to boost the growth of the market in the forecast period. Whereas, it can helps to watch live as well as recorded footage from the connected camera throughout indoor and outdoor living areas.
- One of the major key concern of the market is the shortage of technical expertise which may hamper the market growth. Whereas, the heavy cost of the smart cameras and the shortage of technical knowledge of the operating such cameras is projected to create a major challenges for the market.
- Rapid advancements in camera technology, growing advancement in semiconductor chip as well as the rising number of smart cities is a key role for the growth of the smart camera market in the forecast period.
- The high cost associated with the single-chip smart cameras as well as the lack of software applications is create a major restraining factor for the market
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Global Smart Camera Market: Regional Overview
- North America:
The North America regional is anticipate to have a significant growth with the rising developed technological. Whereas, The US is the major market for smart camera globally owing to its wide area of application. However, the rising adoption of advanced technologies is also projected to fuel the demand for smart cameras in this region over the forecast period. Hence, the growing penetration of smart homes in the region is also increase the demand for smart home security camera also drive the market in the region.
The Asia-Pacific is projected of play a leading role for the growth and developments of the market in the forecast period. Whereas, the smart cameras adoption rate by military and defense services as well as the initiative taken by the government for smart city may lead to create a major impact for the growth of the market. However, the rising in the electronics and semiconductor industries also lead to boost the market for smart cameras in the countries such as China and Taiwan.
Hence, the rapid growing information and communications technology platform in the countries such as China and India, lead to fuel the growth of the market in the forecast period.
Global Smart Camera Market: Key Players Overview
- Nikon Corp:
Nikon Corporation, also known just as Nikon, is a Japanese multinational corporation, which manufactures and sells cameras, lenses, eyeglasses, microscopes, as well as measuring instruments. In 2018, the company releases the D3500 digital SLR camera. These camera has the effective pixel count of 24.2 megapixels as well as supports a standard sensitivity range of ISO 100–25600. However, D3500 is being made with same slim and lightweight monocoque structure as the Nikon D5600, and a deep grip which helps to offers an easy hold on the camera that give a comfortable shooting.
- Panasonic Corporation:
The company is a globe leader in the development of diverse electronics technologies as well as the solutions for customers in the consumer electronics. In 2019, the company has Launches New LUMIX S Series Full-frame Mirrorless Cameras LUMIX S1R and LUMIX S1 with a 35mm full-frame CMOS sensor. However, these camera is based upon the L-Mount standard, which has features of well-balanced, large inner diameter and compact dimensions for a flange focus to realize optimum size and performance as a mirrorless camera system.
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