June 25, 2024
ICT

AI Camera Market Size to Reach USD 67.41 Billion by 2033

The global AI camera market size was valued at USD 8.2 billion in 2023 and is projected to hit around USD 67.41 billion by 2033, notable at a CAGR of 23.50% from 2024 to 2033.

Key Takeaways

  • North America held the largest market share of 37% in 2023.
  • By component, the hardware segment captured a dominating market share of 55% in 2023.
  • By type, the surveillance cameras segment held the largest market share of 33% in 2023.
  • By technology, the image/face recognition segment held the largest market share of 32% in 2023.
  • By industry vertical, the consumer electronics segment captured a market share of around 21% in 2023.

AI Camera Market Size 2024 to 2033

Introduction

The AI Camera market has witnessed significant growth in recent years, driven by the convergence of artificial intelligence and advanced imaging technologies. AI cameras, equipped with sophisticated algorithms and machine learning capabilities, have revolutionized various industries, including surveillance, automotive, healthcare, and consumer electronics. These intelligent devices go beyond traditional imaging, offering enhanced functionality such as object recognition, scene analysis, and real-time decision-making. As businesses and consumers increasingly recognize the potential benefits of AI cameras, the market is poised for continued expansion and innovation.

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Growth Factors:

Several key factors contribute to the robust growth of the AI Camera market. Firstly, the rising demand for advanced video analytics and intelligent surveillance solutions fuels the adoption of AI cameras in the security and surveillance sector. Additionally, the integration of AI capabilities in automotive safety systems, healthcare diagnostics, and smart city initiatives further propels market growth. The continuous advancements in machine learning algorithms and computer vision technologies enhance the performance and functionality of AI cameras, creating new opportunities for applications in diverse industries.

AI Camera Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 23.50%
Global Market Size in 2023 USD 8.2 Billion
Global Market Size by 2033 USD 67.41 Billion
U.S. Market Size in 2023 USD 2.12 Billion
U.S. Market Size by 2033 USD 17.60 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Component, By Type, By Technology, By Industry Vertical
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

AI Camera Market Dynamics

Drivers:

A major driver for the AI Camera market is the increasing emphasis on automation and smart technologies across various sectors. The ability of AI cameras to provide real-time insights, automate decision-making processes, and enhance overall operational efficiency is a significant driving force. Moreover, the growing need for enhanced security measures, coupled with the expansion of smart infrastructure projects globally, stimulates the demand for AI-powered surveillance systems, driving the adoption of AI cameras.

Restraints:

Despite the promising growth, the AI Camera market faces certain challenges, including concerns related to privacy and data security. The use of AI cameras in public spaces and private environments raises ethical considerations, leading to regulatory scrutiny and potential limitations on their deployment. Addressing these privacy concerns and establishing transparent regulations will be crucial for the sustained growth of the AI Camera market.

Opportunities:

The AI Camera market is rife with opportunities, particularly as industries continue to explore innovative applications. Opportunities lie in the development of customized solutions for specific verticals, such as healthcare diagnostics and retail analytics. Additionally, collaborations between AI camera manufacturers and software developers can lead to the creation of integrated solutions that cater to evolving customer needs. As the technology matures, there is potential for AI cameras to play a pivotal role in shaping the future of smart cities, autonomous vehicles, and personalized healthcare solutions.

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Recent Developments

  • In October 2023, Canon Inc. declared that late January 2024 will see the release of the “Video Enhancement Software Version 1.0” software for the ultra-high-sensitivity camera series. This software enhances video visibility using AI-powered noise reduction processing.
  • In August 2022, the intellectual property rights and assets of Bright Path AI (BPAI), an artificial intelligence-backed video solution created by Boral Limited and Firetail Pty Ltd, were bought by Strata Worldwide. By acquiring the BPAI software and technology, Strata will be able to provide its clients with robust systems that enhance safety at work and reporting for operators in various industries, including mining.

AI Camera Market Companies

  • AV Costar
  • Axis Communications AB
  • Bosch Sicherheit Systeme GmbH
  • Nikon Corporation
  • Panasonic Holdings Corporation
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Teledyne FLIR LLC
  • Canon Inc.
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Honeywell International Inc.
  • Huawei Technologies Co., Ltd.
  • Johnson Controls
  • LG Electronics

Segments Covered in the Report

By Component

  • Hardware
  • Software
  • Services

By Type

  • Surveillance Cameras
  • Smartphone Cameras
  • Digital Cameras
  • Industrial Cameras
  • Others

By Technology 

  • Image/Face Recognition
  • Voice/Speech Recognition
  • Computer Vision
  • Context Awareness
  • Others

By Industry Vertical 

  • Consumer Electronics
  • Manufacturing
  • Sports
  • Agriculture
  • Retail
  • Healthcare
  • Transportation
  • Government & Law Enforcement
  • Automotive
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on AI Camera Market 

5.1. COVID-19 Landscape: AI Camera Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global AI Camera Market, By Component

8.1. AI Camera Market, by Component, 2024-2033

8.1.1. Hardware

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Services

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global AI Camera Market, By Type

9.1. AI Camera Market, by Type, 2024-2033

9.1.1. Surveillance Cameras

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Smartphone Cameras

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Digital Cameras

9.1.3.1. Market Revenue and Forecast (2021-2033)

9.1.4. Industrial Cameras

9.1.4.1. Market Revenue and Forecast (2021-2033)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global AI Camera Market, By Technology 

10.1. AI Camera Market, by Technology, 2024-2033

10.1.1. Image/Face Recognition

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Voice/Speech Recognition

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Computer Vision

10.1.3.1. Market Revenue and Forecast (2021-2033)

10.1.4. Context Awareness

10.1.4.1. Market Revenue and Forecast (2021-2033)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global AI Camera Market, By Industry Vertical 

11.1. AI Camera Market, by Industry Vertical, 2024-2033

11.1.1. Consumer Electronics

11.1.1.1. Market Revenue and Forecast (2021-2033)

11.1.2. Manufacturing

11.1.2.1. Market Revenue and Forecast (2021-2033)

11.1.3. Sports

11.1.3.1. Market Revenue and Forecast (2021-2033)

11.1.4. Agriculture

11.1.4.1. Market Revenue and Forecast (2021-2033)

11.1.5. Retail

11.1.5.1. Market Revenue and Forecast (2021-2033)

11.1.6. Healthcare

11.1.6.1. Market Revenue and Forecast (2021-2033)

11.1.7. Transportation

11.1.7.1. Market Revenue and Forecast (2021-2033)

11.1.8. Government & Law Enforcement

11.1.8.1. Market Revenue and Forecast (2021-2033)

11.1.9. Automotive

11.1.9.1. Market Revenue and Forecast (2021-2033)

11.1.10. Others

11.1.10.1. Market Revenue and Forecast (2021-2033)

Chapter 12. Global AI Camera Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Component (2021-2033)

12.1.2. Market Revenue and Forecast, by Type (2021-2033)

12.1.3. Market Revenue and Forecast, by Technology (2021-2033)

12.1.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.1.5.2. Market Revenue and Forecast, by Type (2021-2033)

12.1.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.1.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.1.6.2. Market Revenue and Forecast, by Type (2021-2033)

12.1.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.1.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.2. Market Revenue and Forecast, by Type (2021-2033)

12.2.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.5.2. Market Revenue and Forecast, by Type (2021-2033)

12.2.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.6.2. Market Revenue and Forecast, by Type (2021-2033)

12.2.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.7.2. Market Revenue and Forecast, by Type (2021-2033)

12.2.7.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.7.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.8.2. Market Revenue and Forecast, by Type (2021-2033)

12.2.8.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.2. Market Revenue and Forecast, by Type (2021-2033)

12.3.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.5.2. Market Revenue and Forecast, by Type (2021-2033)

12.3.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.6.2. Market Revenue and Forecast, by Type (2021-2033)

12.3.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.7.2. Market Revenue and Forecast, by Type (2021-2033)

12.3.7.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.7.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.8.2. Market Revenue and Forecast, by Type (2021-2033)

12.3.8.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.2. Market Revenue and Forecast, by Type (2021-2033)

12.4.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.5.2. Market Revenue and Forecast, by Type (2021-2033)

12.4.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.6.2. Market Revenue and Forecast, by Type (2021-2033)

12.4.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.7.2. Market Revenue and Forecast, by Type (2021-2033)

12.4.7.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.7.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.8.2. Market Revenue and Forecast, by Type (2021-2033)

12.4.8.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.8.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.5.2. Market Revenue and Forecast, by Type (2021-2033)

12.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.5.5.2. Market Revenue and Forecast, by Type (2021-2033)

12.5.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.5.5.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.5.6.2. Market Revenue and Forecast, by Type (2021-2033)

12.5.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.5.6.4. Market Revenue and Forecast, by Industry Vertical (2021-2033)

Chapter 13. Company Profiles

13.1. AV Costar

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Axis Communications AB

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Bosch Sicherheit Systeme GmbH

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Nikon Corporation

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Panasonic Holdings Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Samsung Electronics Co., Ltd.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Sony Corporation

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Teledyne FLIR LLC

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. AbbotCanon Inc.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Hangzhou Hikvision Digital Technology Co., Ltd.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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