SEP 22,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Intelligent Camera Market.

The Intelligent Camera Market is estimated to grow from USD 4.7 billion in 2020 to USD 8.1 billion by 2026 at a healthy CAGR of 9.5% during the forecast period.  

An intelligent camera, also known as a smart camera, is referred to as an image processing system that is designed to automate decisions in an industrial capacity. These cameras are considered as a hybrid of digital camera and smartphone based on their usage and applications. These cameras mainly comprise two essential components that are standalone vision system and an inbuilt image sensor. Smart cameras are also capable of reprogramming and enable in enhancing communication that offers benefits to machine vision systems. 

Market Dynamics

Diverse production application for surveillance and security applications coupled with robust technological developments in improving quality imaging is a key factor driving the product demand.

  • Also, the transformation of embedded system designs, image sensors, smart lenses are expected to further bolster the market growth.
  • Moreover, governmental norms to set up security & surveillance systems in public spaces are further expected to offer lucrative opportunities to the market participants.
  • However, a lack of standardization for the installation of intelligent cameras is likely to hinder the market expansion.

Market Segmentation

Sensor Type Trends

By sensor type, the intelligent camera market has been bifurcated into CMOS and CCD.

  • The CMOS sensor type dominated the global market in 2020 and is likely to register a steady CAGR during the review period.
  • This is mainly ascribed to its increasing adoption in security & surveillance systems.
  • Also, low power consumption, smaller size, faster frame rate, ease of integration, and lower production cost of CMOS sensors, further drives the segment growth.

Regional Trends

Based on region, Asia Pacific witnessed the largest share in 2020 and is likely to grow at a robust CAGR in the following years. This is mainly attributed to the technological advancements taking place in the region.

The Asia Pacific is also emerging as a production hub for intelligent cameras. The military & defence, transit facilities, and public spaces demand high security, thus propel regional growth. China, Japan, India, and South Korea are the major contributing countries.

Key Players:               

  • Australian Wax Co (Australia),
  • Brick Packaging LLC (The U.S),
  • Calwax, LLC (The U.S),
  • City Company Seals Ltd (UK),
  • The British Wax Refining Company Ltd (UK),
  • Blended Waxes, Inc. (The U.S),
  • The Darent Wax Company Ltd (UK),
  • Southwest Wax LLC (The U.S),
  • Oakbank Products Limited (UK), and
  • Jax Wax Pty Ltd. (Australia).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Intelligent Camera Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Customization of the Report:

This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.

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About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.