Report Highlights
Smart Camera Market Size And Forecast
According to Verified Market Research, the Global Smart Camera Market was valued at USD 4.61 Billion in 2018 and is projected to reach USD 9.17 Billion by 2026, growing at a CAGR of 9.17% from 2019 to 2026.
Global Smart Camera Market Outlook
The market for smart cameras is mainly driven by factors such as rapid advancements in camera technology, growing electronics and semiconductor industries, and increasing adoption of automation systems by homes and industries. However, the market is mainly restrained by factors such as the high cost of cameras and lack of technical expertise. On the technological front, there have been rapid and numerous advancements in chip manufacturing and its hardware, component designs like image sensors boosting the growth of the global smart cameras market. Additionally, initially a restraint, the hardware price, is reducing rapidly eliminating the hardware constraints, has ensured the availability and affordability of hardware for both the end-users and R&D activities.
Global Smart Camera Market, Segment Analysis
The Global Smart Camera market is segmented on the basis of Sensor Type and Application.
Global Smart Camera Market Competitive Landscape
The Global Smart Camera market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Bosch Security Systems (Robert Bosch Llc), Axis Communications AB. (Canon Inc.), Panasonic i-PRO Sensing Solutions Co., Ltd., SAMSUNG, Godrej & Boyce Mfg. Co. Ltd, Xiaomi Corporation, Sony Corporation, Digital Watchdog, MOBOTIX AG, Allegion Plc, OPTEX Group Co., Ltd., VIVOTEK Inc, Flir system Inc., Avigilon (Motorola Solutions), CP Plus GmbH & Co. KG, and Synectics Plc. Bosch Security Systems (Robert Bosch Llc) is one of the top five players in the Global Smart Camera Market.
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