Smart cameras are reprogrammable and assists in improving communication which benefits machine vision systems. They epitomize trends in latest camera technology and not only capture large numbers of images, but also are capable of extracting application-specific information. These smart cameras have the potential of interacting with smartphone and PC applications. Smart camera can share and upload video and images on several social media medium and photo-sharing gateways.
“The Smart Camera market was valued at US$ XX Mn in 2018 and it is expected to reach more than US$ XX Mn by 2027, Likely to Grow with a CAGR of 11.2% during the forecast period”
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Smart cameras for security & surveillance have detailed applications through many industry verticals. The fastest-rising application segments of the global smart camera for security & surveillance market are public spaces, commercial facilities, and domestic substructure.
The Asia-Pacific region is projected to steer the worldwide smart camera for between 2019 and 2027. The Asia-Pacific smart camera market is projected to grow at the very best CAGR during forecast period. The expansion of the Asia-Pacific smart camera market are often attributed to the technological developments happening within the Asia-Pacific region. Besides, the region is additionally emerging as a producing hub for smart cameras. the general public spaces, military & defense, and transit facilities are the appliance segments of the Asia-Pacific smart camera market that are expected to witness increased growth during the forecast period. Various countries, like China, Japan, and South Korea are driving the marketplace for smart camera market within the Asia-Pacific region.
In January 2019, Hero Electronix has launched AI smart camera and sensors under ‘Qubo’ brand. Companiews also launches more than 10 smart camera product across home automation, automotive and entertainment domains in the next two years. Many companies also are getting into this segment due to the rise in demand for the Smart Camera, a number of the main companies into Smart Camera are Key manufacturers like as Samsung Electronics Co., Ltd., Nikon Corp., Canon Inc., Datalogic S.P.A., PLR Ecommerce, LLC., WATEC CAMERAS, IntelliVision, VIVOTEK Inc., Omron Microscan Systems, Inc., Vision Components GmbH, Matrox, Hero Electronix Private Limited, XIMEA VMukti Solutions Pvt. Ltd., Axis Communications AB, Zmodo, Vivint, Inc., Panasonic Corp., Sony Corp., Ata-Vision, Bosch Security Systems, Basler Vision Technologies, Raptor Photonics, Polaroid Corporation, Microscan Systems Inc., Olympus Corporation, Nest Labs, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
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d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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