According to a new market report by Lucintel, the future of the smart camera market looks promising with opportunities in the public spaces, military & defense, transit facilities, commercial facilities, enterprise & government infrastructure, and residential infrastructure sectors. The smart camera market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are increasing use of smart cameras for security and surveillance in residential, commercial facilities, and public spaces.
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In this market, stand-alone smart cameras, single-chip smart cameras, embedded systems smart cameras, and PC and network-based smart cameras are used in various end use industries. Sensor and scan based technology are used in smart cameras. Lucintel forecasts that sensor based camera will remain the largest segment due to the increasing demand for CMOS based sensor in smart camera.
Within the smart camera market, public spaces, commercial facilities, and residential infrastructure industries are expected to witness the above average growth over the forecast period.
APAC will remain the largest region over the forecast period due to increasing technological development and growing concern of national security.
Bosch Security Systems, Canon, FLIR Systems, Panasonic Corporation, Raptor Photonics, Samsung Techwin, Sony Corporation, Watec Cameras, and Nikon are among the major manufacturers of smart camera.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart camera market by technology, product type, end use industry, and by region. Lucintel has prepared a comprehensive research report entitled "Smart Camera Market for Security & Surveillance 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart camera market by technology, product type, end use industry, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
Sensor Technology
Scanning Technology
By Product Type [$M shipment analysis for 2013 – 2024]:
Stand Alone
Single chip
Embedded based
PC and network based
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Commercial
Public space
Transit facilities
Military and defense
Residential infrastructure
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-camera-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.