AI Camera Market Scope
AI stands for Artificial Intelligence in AI Camera. Artificial intelligence, that is essentially software, refers to machines that exhibit cognitive functions normally associated with human minds, including such thinking, learning, and problem-solving. The AI Camera takes on tasks previously reserved for Professional Photographers in the photography department. Because of the nature of their work, they know a thing or two about creating high-quality images. Camera settings and image processing, automatic shutter speed and exposure, saturation, color depth, dynamic range, as well as contrast are all examples. AI cameras are simply cameras that use AI programmes to deal with images and videos intelligently. The heart of an AI-powered camera is usually computational photography.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Samsung Electronics (South Korea), Honeywell International (United States), LG Electronics (South Korea), Nikon (Japan), Huawei Technology (China), Sony Corporation. (China), Nokia (Nokia), HikVision (China) and EZVIZ (United States) |
CAGR | % |
The market for AI Camera is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global AI Camera market throughout the predicted period.
Samsung Electronics (South Korea), Honeywell International (United States), LG Electronics (South Korea), Nikon (Japan), Huawei Technology (China), Sony Corporation. (China), Nokia (Nokia), HikVision (China) and EZVIZ (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Spot AI, Inc. (United States), FLIR Systems, Inc. (United States) and Huddly (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global AI Camera market by Type , by Application (Traffic Management, Smart Farming, Automated Sports Broadcasting and Security And Smart Surveillance) and Region with country level break-up.
On the basis of geography, the market of AI Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
14 March 2022, EZVIZ, global leader in smart home technologies, unveiled its newest security camera, the C6, a tool to ease the anxiety of parents and pet owners. Boosted by Artificial Intelligence, the C6 sends users alerts upon detection of a variety of events, including people walking by, jumpy animals, and sudden loud noises., 22 SEPTEMBER 2020, the home of Nokia phones, today announces the Nokia 2.4. The next generation Nokia 2 brings advanced AI imaging features including Night mode and Portrait mode, helping to take your photos to the next level. and On 22 December 2021, Nikon Instruments Inc., innovator of advanced microscope systems announced the release of the Digital Sight 10 Microscope Camera, which enables acquisition of both color and monochrome images with a resolution of 6K pixels across a large field of view using a single camera.
Influencing Trend:
Emerging Trend Of AI-Based Video Cameras To Enhance Commercial Security And Surveillance
Market Growth Drivers:
Increased Focus On Security And Emerging Trend Of Edge Computing Across The Globe and Increasing Demand Of AI Cameras To Detect And Record Traffic Violence
Challenges:
High Cost Associated With The Software-Defined Cameras Compared To Other Cameras and Intense Competition Among Players
Restraints:
Lack Of Knowledge About Artificial Intelligence and The Rise In Cases Of Cyber Crime Hamper Market Growth
Opportunities:
Increasing Initiatives By The Government To Develop Smart Cities And Smart Infrastructures and Growing the Sales of AI Camera on Online Platform
Key Target Audience
AI Camera Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others