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SMART CAMERA MARKET ANALYSIS

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The “Global Smart Camera Market, By Component (Image Sensor, Memory, Processor, Communication Interface, Lenses, Display, Others), By Application (Transportation & Automotive, Healthcare & Pharmaceutical, Food & Beverages, Military & Defense, Commercial Area, Consumer Segment and Others)and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 43,913.3 million by 2027, witnessing a CAGR of 23.3% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights. – PowerPoint PPT presentation

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Title: SMART CAMERA MARKET ANALYSIS


1
Coherent Market InsightsMarket Research and
Business Consulting Serviceshttps//www.coheren
tmarketinsights.comSMART CAMERA MARKET
ANALYSIS
2
Market Overview
  • A smart camera or intelligent camera a term used
    for a connected camera that allows users to
    perform some additional functions including
    information extracting from captured image,
    information sharing, and real-time video
    analysis. A smart camera is a standalone,
    self-contained vision system with built-in
    actuators, pneumatic valves or relays. Smart
    cameras have numerous field applications
    including non-contact measurements, robot
    guidance, biometric recognition, part sorting and
    identification, code reading and verification,
    unattended surveillance, web inspection,
    detection of position and rotation of parts, etc.
    Smart cameras include different components
    including memory, image sensors, communication
    interface, lenses, processor, display, etc.
  • The global smart camera market is estimated to
    account for US 8,203.1 Mn in 2019 and is
    expected to grow at a CAGR of 23.3 over the
    forecasted period 2019-27.

3
Market Dynamics- Drivers
  • High growth of electronics and semiconductor
    industry is expected to drive growth of the
    global smart camera market during the forecast
    period
  • The electronics and semiconductor industry across
    the globe is growing at a significant rate, owing
    to constant adoption of automation, networking,
    mobility, and smart project initiatives.
    According to the India Brand Equity Foundation
    (IBEF), the Indian semiconductor design market
    was valued at US 14.5 billion in 2015 and is
    expected to reach US 52.6 billion by 2020,
    exhibiting a CAGR of 29.4. According to the same
    source, the Indian appliance and consumer
    electronics market was valued at US 10.93
    billion in 2019 and is expected to reach US
    21.18 billion by 2025. Thus, high growth of the
    semiconductor and electronics industry is
    expected to drive growth of the market during the
    forecast period.
  • Rising concerns regarding food safety and quality
    are expected to boost the global smart camera
    market growth over the forecast period
  • Across the globe, food quality and safety
    regulations have become very strict. The food
    beverage industry is bound to follow these
    regulations in order to maintain safety and
    quality of food products. For instance, MAF
    FRANCE, a French multinational designer and
    manufacturer of bagging, palletization and
    packing systems for fresh vegetables and fruit,
    has adopted GLOBAL SCAN, a sophisticated, fully
    automatic vision system, which allows packers to
    grade fruit accurately, as per the market
    requirement. Hence, these factors are expected to
    boost the market growth in the near future.
  • Increasing investments in research and
    development activities are expected to propel the
    global smart camera market growth during the
    forecast period
  • Key players in the market are focused on research
    and development activities, in order to innovate
    novel products. These players are constantly
    adding new features and technologies in their
    products, which in turn, is expected to drive the
    global smart camera market growth over the
    forecast period. For instance, in March 2015,
    Nikon Corporation introduced a DSLR camera
    D7200, which is equipped with the latest
    autofocusing system.

4
  • APAC region dominated the global smart camera
    market in 2019, accounting for 46.1 share in
    terms of value, followed by North America,
    Europe, North America, Latin America, and Middle
    East Africa respectively.

5
Market Dynamics- Restraints
  • High costs related to single-chip smart camera is
    expected to hinder the global smart camera market
    growth over the forecast period
  • Single chip smart camera is one of the lucrative
    concepts in smart camera systems. However, these
    camera systems are extremely expensive due to
    high manufacturing costs. Single chip smart
    cameras are also called as System on Chip smart
    cameras, in which all the component segments are
    integrated on a single chip. Being an innovative
    concept, single chip smart cameras are expensive,
    which is one of the major factors restraining
    their market growth. Thus, these factors are
    expected to hinder the market growth in the near
    future
  • .
  • Low availability of software applications is
    expected to hamper the global smart camera market
    growth over the forecast period
  •  Smart cameras are targeted at the consumer
    segment have relatively limited software
    applications as compared to industrial smart
    cameras. Availability of a limited number of
    software applications is resulting in limited
    functions. Limited applications also restrict the
    use of smart cameras in different verticals. Many
    industrial smart camera players are focused on
    developing their own software for smart cameras
    though the consumer segment is still lagging in
    terms of software application development. Hence,
    these factors are expected to hamper the market
    growth in the near future.
  • Lack of standardization is expected to restrain
    growth of the global smart camera market during
    the forecast period
  • Lack of standardization such as
    interchangeability of lenses from brand to brand,
    which is the major restricting factor in the
    global smart camera market. Companies provide
    smart camera component segments in varying forms,
    which results in component segment
    incompatibility between brands.

6
Market Opportunities
  • Rising preference for smart homes can present
    major growth opportunities
  • Consumers across the globe, especially in Western
    Europe are preferring smart homes as a result of
    policy enforcement by governments in this region.
    Man consumers are adopting smart appliances
    including smart cameras. Market players can
    capitalize on the untapped potential by offering
    novel products in the high potential regions
  • Growing adoption of intelligent transport system
    can pose major growth opportunities
  • Many countries across the globe, especially
    metropolitans in Asia Pacific are adopting smart
    camera-enabled intelligent transport systems.
    This is done to provide sophisticated transport
    services. For instance, in 2014, ComfortDelGro
    Corporation, a Singapore-based cab operator,
    announced trials for a new in-vehicle smart
    camera that is capable of alerting cabbies about
    potentially dangerous road situations.
  • Implementation of smart city initiative by a
    number of governments is expected to offer
    lucrative growth opportunities
  • Governments over various countries, especially
    Asia Pacific countries are investing
    significantly on smart city projects. For
    instance, in June 2015, the Government of India
    launched 100 Smart Cities Mission, under which
    the government approved an investment of US 114
    billion.

7
 Segment information
  • In global smart camera market, by component
    segment, lens sub-segment dominated the global
    smart camera market in 2019, accounting for 25.8
    share in terms of value, followed by processor,
    display, memory, communication Interface, image
    sensor and others respectively.

8
  •  
  • Segment information

9
Market Trends
  • Adoption of smart lenses is a major trend in the
    market
  • Smart lenses have revolutionized digital camera
    photography. Smart lenses offer high-quality
    images and are equipped with power zoom and
    shoot-in-dark capabilities. As a result of this,
    the user gets an enhanced experience and improved
    images. For instance, Samsung offers a range of
    interchangeable NX smart lenses along with an NX
    smart camera for enhancing photography
    experience.
  • Growing applications in entertainment,
    healthcare, and education industries
  • The use of smart cameras in industries such as
    healthcare, education, and entertainment is
    increasing, owing to improving global economic
    growth, increasing social acceptability and
    productive research interest. For instance,
    capsule endoscopy involves the use of micro smart
    camera-based devices to record images of
    digestive tracks.

10
Competitive Section
  • Key companies operating in the global smart
    camera market are XIMEA GmbH, Fujifilm
    Corporation, Samsung Electronics Co., Ltd.,
    Matrox Imaging, Canon Inc., Vision Components
    GmbH, Nikon Corporation, Microscan Systems, Inc.,
    Sony Corporation, Hero Electronix Polaroid
    Corporation, Panasonic Corporation, and Olympus
    Corporation.

11
Key Developments
  • Key companies in the market are focused on
    product launches, in order to expand product
    portfolio. For instance, in August 2019,
    Panasonic Corporation introduced LUMIX S1H, which
    is a new digital single-lens mirrorless camera.
    The camera is equipped with a full-frame image
    sensor and professional-level video quality.
  • Major players in the market are involved in
    product launches, in order to enhance the market
    presence. For instance, in September 2016,
    Microscan Systems Inc. introduced AutoVision
    Machine Vision Software for its MircoHAWK MV
    Smart Cameras.
  • Key companies in the market are focused on
    product launches, in order to expand product
    portfolio. For instance, in August 2019,
    Panasonic Corporation introduced LUMIX S1H, which
    is a new digital single-lens mirrorless camera.
    The camera is equipped with a full-frame image
    sensor and professional-level video quality.
  • Major players in the market are involved in
    product launches, in order to enhance the market
    presence. For instance, in September 2016,
    Microscan Systems Inc. introduced AutoVision
    Machine Vision Software for its MircoHAWK MV
    Smart Cameras.

12
  • Request Sample Report https//www.coherentmarket
    insights.com/insight/request-sample/3704
  • Request Customization https//www.coherentmarketi
    nsights.com/insight/request-customization/3704
  • Download PDF Brochure https//www.coherentmarketi
    nsights.com/insight/request-pdf/3704
  • Talk to Analyst https//www.coherentmarketinsight
    s.com/insight/talk-to-analyst/3704
  • Reference
  • https//www.coherentmarketinsights.com/marke
    t-insight/smart-camera-market-3704

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

14
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
Thank You!
  • Kindly follow CMI Social Media Profiles for the
    latest company updates
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