Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.50 Billion | USD 16.56 Billion | 9.8% | 2023 |
According to the report published by Zion Market Research, the global Embedded Smart Cameras Market size was valued at USD 6.50 Billion in 2023 and is predicted to reach USD 16.56 Billion by the end of 2032. The market is expected to grow with a CAGR of 9.8% during the forecast period. The report analyzes the global Embedded Smart Cameras Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Embedded Smart Cameras industry.
The latest technological advancement is the embedded smart cameras. This device consists of advanced communication infrastructure, advanced onboard computing, good quality of processing, video sensing, and communication which is embedded in a single device. The embedded smart cameras offer access to several numbers of views as it is integrated with the individual cameras. It supports in aiding complex applications which include surveillance, motion analysis, smart rooms, and tracking.
The JADAK has developed the JE-231V which utilizes the 5 mega-pixel CMOS sensor thus giving high-resolution imaging. It has the ability to tolerate the adverse machine vision and the problems related to the data collection. This small camera has onboard intelligence and can execute several big tasks such as image analysis, barcode decoding, image processing, and object detection.
The global market for the embedded smart camera is fragmented into its component and applications. Based on the component, the global market is segregated into software, hardware, and services. The hardware segment is further sub-segmented into digitization circuitry, processing units, image sensors, memory devices, video output, and others. Based on the application, the market is categorized into surveillance, facial detection, human & animal detection, motion analysis, and other machine vision applications.
The key factors that are driving the embedded smart cameras market are the rise in the installation of the video-based surveillance systems for the improvements in the transportation system and public safety, growth in the demand for the real-time performance in the applications such as video processing, and the advancements that are made in the artificial intelligence. Moreover, the use of the embedded smart camera has increased in a wide range of applications such as object recognition, quality control, barcode inspection, and process monitoring. This increasing inclination of the enterprises towards the embedded smart cameras is fuelling the growth of the market. There are certain factors that affect the growth of the market negatively such as limited option for the image sensor, processing power, speed of the camera, and the software upgradation is different by varied vendors.
Report Attributes | Report Details |
---|---|
Report Name | Embedded Smart Cameras Market |
Market Size in 2023 | USD 6.50 Billion |
Market Forecast in 2032 | USD 16.56 Billion |
Growth Rate | CAGR of 9.8% |
Number of Pages | 214 |
Key Companies Covered | Microscan Systems, Inc., Samsung, Teli Corporation, Toshiba, Stemmer Imaging Ltd., Banner Engineering Corp., Tattile s.r.l., National Instruments, and Teledyne DALSA Inc |
Segments Covered | By Component, By Applications And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The region that holds the maximum market share in the embedded smart camera is the North America. The factors that are favoring the growth of the market are the early adoption of the advanced technologies and the increasing disposable income. The regions that are following North America are Europe and Asia Pacific. The increasing demand for the consumer electronics is the major factor that is propelling the growth of the market.
The key market players that are involved in the embedded smart cameras market include:
The Global Embedded Smart Cameras Market is segmented as follows:
By component
By applications
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