AI Smart Camera Market Trends and Forecast
The future of the global AI smart camera market looks promising with opportunities in the automotive, medical, traffic, industrial, and home markets. The global AI smart camera market is expected to grow with a CAGR of 23.6% from 2024 to 2030. The major drivers for this market are increased demand for video analytics & surveillance, rising adoption of smart city initiatives globally, and growing integration of AI in retail & industrial sectors for enhanced security.
• Lucintel forecasts that edge AI camera is expected to witness higher growth over the forecast period.
• Within this market, automotive is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Smart Camera Market
• United States: Companies like Amazon and Google are leading AI smart camera developments with initiatives focusing on advanced video analytics for security and retail applications. The US government is promoting AI innovation in surveillance technology, aiming for widespread adoption in public safety and transportation sectors.
• China: Huawei and Hikvision are driving AI smart camera advancements for smart city infrastructure and public security. ChinaÄX%$%Xs government has set targets for AI integration in surveillance systems, fostering collaborations between tech firms and municipalities to enhance monitoring capabilities.
• Germany: Bosch and Siemens are investing in AI smart camera solutions for industrial automation and smart manufacturing. The German government aims to support AI research in the security sector, encouraging companies to develop innovative smart camera technologies for diverse applications.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Smart Camera Market by Segment
The study includes a forecast for the global AI smart camera market by type, application, and region.
AI Smart Camera Market by Type [Value from 2018 to 2030]:
• Edge AI Cameras
• Deep Learning-Based Cameras
• Others
AI Smart Camera Market by Application [Value from 2018 to 2030]:
• Automotive
• Medical
• Traffic
• Industrial
• Home
• Others
AI Smart Camera Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Smart Camera Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI smart camera companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI smart camera companies profiled in this report include-
• ADLINK Technology
• Baumer
• Mobile Pixels
• Hikvision
• Sony
• Canon
• Panasonic
• Advantech
• Samsung
• IMAGO
Recent Development in the AI Smart Camera Market
• Amazon: Amazon launched AWS Panorama, a service that enables developers to add computer vision capabilities to smart cameras. This initiative empowers businesses to deploy AI models for real-time video analysis, enhancing security and operational efficiency in various industries.
• Hikvision: Hikvision introduced DeepinView cameras powered by AI algorithms for intelligent video surveillance. This initiative includes features like facial recognition and behavior analysis, providing advanced security solutions for smart cities, transportation hubs, and commercial facilities.
• Bosch: Bosch developed intelligent video analytics solutions for AI-powered smart cameras, offering proactive threat detection and operational insights. This initiative targets sectors such as retail, healthcare, and critical infrastructure, optimizing security measures and resource utilization through AI-driven surveillance.
• Google: Google enhanced its Nest cameras with AI capabilities for intelligent home monitoring and automation. This initiative enables users to receive personalized alerts and automate tasks based on AI-driven insights, enhancing the overall smart home experience with advanced video analytics.
• Huawei: HuaweiÄX%$%Xs HiSilicon division introduced AI camera chips for smart surveillance systems, enabling real-time object recognition and tracking. This initiative focuses on enhancing security and efficiency in smart cities, transportation networks, and public safety applications through AI-powered smart cameras.
Features of the Global AI Smart Camera Market
Market Size Estimates: AI smart camera market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI smart camera market size by type, application, and region in terms of value ($B).
Regional Analysis: AI smart camera market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI smart camera market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI smart camera market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI smart camera market?
Answer: The global AI smart camera market is expected to grow with a CAGR of 23.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI smart camera market?
Answer: The major drivers for this market are increased demand for video analytics & surveillance, rising adoption of smart city initiatives globally, and growing integration of AI in retail & industrial sectors for enhanced security.
Q3. What are the major segments for AI smart camera market?
Answer: The future of the AI smart camera market looks promising with opportunities in the automotive, medical, traffic, industrial, and home markets.
Q4. Who are the key AI smart camera market companies?
Answer: Some of the key AI smart camera companies are as follows:
• ADLINK Technology
• Baumer
• Mobile Pixels
• Hikvision
• Sony
• Canon
• Panasonic
• Advantech
• Samsung
• IMAGO
Q5. Which AI smart camera market segment will be the largest in future?
Answer: Lucintel forecasts that edge AI camera is expected to witness higher growth over the forecast period.
Q6. In AI smart camera market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI smart camera market by type (edge AI cameras, deep learning-based cameras, and others), application (automotive, medical, traffic, industrial, home, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Smart Camera Market Market, AI Smart Camera Market Market Size, AI Smart Camera Market Market Growth, AI Smart Camera Market Market Analysis, AI Smart Camera Market Market Report, AI Smart Camera Market Market Share, AI Smart Camera Market Market Trends, AI Smart Camera Market Market Forecast, AI Smart Camera Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.