SMART CAMERA MARKET ANALYSIS

Smart Camera MarketSize and Trends

Market Insight- Global Smart Camera Market

Market Overview

A smart camera or intelligent camera a term used for a connected camera that allows users to perform some additional functions including information extracting from captured image, information sharing, and real-time video analysis. A smart camera is a standalone, self-contained vision system with built-in actuators, pneumatic valves or relays. Smart cameras have numerous field applications including non-contact measurements, robot guidance, biometric recognition, part sorting and identification, code reading and verification, unattended surveillance, web inspection, detection of position and rotation of parts, etc. Smart cameras include different components including memory, image sensors, communication interface, lenses, processor, display, etc.

The global smart camera market is estimated to account for US$ 8,203.1 Mn in 2019 and is expected to grow at a CAGR of 23.3% % over the forecasted period 2019-27.

Market Trends

1. Adoption of smart lenses is a major trend in the market

Smart lenses have revolutionized digital camera photography. Smart lenses offer high-quality images and are equipped with power zoom and shoot-in-dark capabilities. As a result of this, the user gets an enhanced experience and improved images. For instance, Samsung offers a range of interchangeable NX smart lenses along with an NX smart camera for enhancing photography experience.

2. Growing applications in entertainment, healthcare, and education industries

The use of smart cameras in industries such as healthcare, education, and entertainment is increasing, owing to improving global economic growth, increasing social acceptability and productive research interest. For instance, capsule endoscopy involves the use of micro smart camera-based devices to record images of digestive tracks. Moreover, consumer smart cameras facilitate online content sharing.