Overview and Scope
An artificial intelligence (AI) camera refers to a camera equipped with
advanced artificial intelligence capabilities designed to incorporate machine
learning algorithms and computer vision techniques to process and analyze the
captured data in real time. These cameras are commonly used in automatic safety
monitoring and monitoring unsafe workplace conditions to improve individuals'
safety.
Sizing and Forecast
The artificial intelligence (ai) camera market size has grown exponentially in
recent years. It will grow from $14.43 billion in 2023 to $18.01 billion in
2024 at a compound annual growth rate (CAGR) of 24.9%. The
growth in the historic period can be attributed to evolution of computer
vision technology, increased demand for video analytics, growth in surveillance
and security applications, expansion of smart home devices, rise in industrial
automation.
The artificial intelligence (ai) camera market size is expected to see
exponential growth in the next few years. It will grow to $43.89 billion in
2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be
attributed to adoption of ai-powered facial recognition, improved processing
power and speed, integration of ai cameras in automotive systems, customization
and personalization in ai camera features, emphasis on privacy and ethical use
of ai cameras. Major trends in the forecast period include advancements in deep
learning algorithms, development of edge computing capabilities, collaboration
with 5g technology for enhanced connectivity, integration of multimodal sensing
in ai cameras, integration of edge ai for real-time processing.
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Segmentation & Regional Insights
The artificial intelligence (ai) camera market covered in this report is
segmented –
1) By Type: Smartphone Camera, Surveillance Camera, DSLR Camera, Other Types
2) By Technology: Image or Face Recognition, Voice or Speech Recognition,
Computer Vision, Other Technologies
3) By End User: Banking, Financial Services and Insurance (BFSI), Healthcare,
Automotive, Retail, Government, Logistics and Transportation, Military and
Defense, Commercial Spaces, Media and Entertainment, Other End-Users
Asia-Pacific was the dominate region in the artificial intelligence market in
2023. The regions covered in the artificial intelligence (ai) camera market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing demand for monitoring and surveillance in commercial stores with
increased retail crime (ORC) occurrences is expected to propel the growth of
the artificial intelligence (AI) camera market going forward. Monitoring is a
comprehensive concept encompassing the continuous and deliberate observation of
individuals, locations, objects, or procedures. In contrast, surveillance
denotes focused monitoring conducted by law enforcement or security authorities
to gather specific evidence of criminal activities or other illicit behavior.
In commercial businesses, AI cameras are used to watch real-time consumer
movements, analyze shopping trends, identify theft or suspicious activity, and
optimize store layouts to improve customer experience and security. For
instance, in 2022, according to the survey published by the National Retail
Federation on retail security with 63 participating retailers, a US-based
retail trade association, organized retail crimes (ORC) occurrences increased
by 26.5% on average in 2021 as compared to the previous year in the US, where 8
out of 10 retailers stated that they are facing violence and aggression
associated with ORC incidents. Therefore, the growing demand for monitoring and
surveillance in commercial stores and retail crime (ORC) occurrences drives the
artificial intelligence (AI) camera market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) camera market report are Amazon.com Inc., Google
LLC, Sony Corporation, Panasonic Holdings Corporation, Cisco Systems Inc.,
Honeywell International Inc., Canon Inc., Johnson Controls Inc., Hangzhou
Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd.,
Hanwha Vision, Teledyne Technologies Incorporated, Nikon Corporation, Avigilon
Corporation, Bosch Security Systems Inc., Arlo Technologies Inc., Basler AG,
Pelco Incorporated, Canary Connect Inc., Deep Sentinel Corp., Eagle Eye
Networks Inc., Netatmo SAS, Arecont Vision Costar LLC, Huddly Group, Amcrest
Industries LLC
The artificial intelligence (ai) camera market report table of contents
includes:
1. Executive Summary
2. Artificial Intelligence
(AI) Camera Market Characteristics
3. Artificial Intelligence
(AI) Camera Market Trends And Strategies
4. Artificial Intelligence
(AI) Camera Market - Macro Economic Scenario
5. Global Artificial
Intelligence (AI) Camera Market Size and Growth
.
32. Global Artificial
Intelligence (AI) Camera Market Competitive Benchmarking
33. Global Artificial
Intelligence (AI) Camera Market Competitive Dashboard
34. Key Mergers And
Acquisitions In The Artificial Intelligence (AI) Camera Market
35. Artificial Intelligence
(AI) Camera Market Future Outlook and Potential Analysis
36. Appendix
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