Smart Cameras Market Scope, Industry Growth, Increasing Demand, Key Players Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea) Forecast 2023

 Market Overview

The global market for smart cameras is expected to grow significantly during the forecast period from 2017 to 2023, with solid advances in camera technology, increased adoption of automation systems in industry and home, and expansion of the semiconductor and electronics industries greatly contributed to the expansion. The growing demand for surveillance and security, easy installation process, and developed specifications of electronic devices will lead the smart camera market to a global level.

However, the lack of technology and high camera costs are the main factors impeding the growth of global smart cameras. In addition to this, the lack of standardization for installing smart cameras in sensitive locations and the constant review of regulatory policies of local agencies in various countries are estimated to act as an obstacle to the expansion of the smart camera market.

Key Players

The most important players in the market for the smart camera are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Bosch Security Systems, Inc. (Germany), Nikon Corporation (Japan), Canon Inc. (Japan), Flir Systems, Inc. (U.S.), Raptor Photonics Ltd. (U.K.), Panasonic Corporation (Japan), Olympus Corporation (Japan), Watec Cameras Inc. (Japan), and Polaroid Corporation (U.S.).

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Market Segmentation

Smart Cameras Market By Type

·         Stand-Alone Smart Cameras

·         Single-Chip Smart Cameras

·         Embedded Systems Smart Cameras

·         PC & Network Based Smart Cameras

Smart Cameras Market By Component

·         Display

·         Image Sensors

·         Processors

·         Lens

·         Other

Smart Cameras Market By Technology

·         Sensors

·         Scanning

Regional Insights

Geographical analysis of Europe, North America, Asia Pacific and RoW was performed. According to the analysis, APAC is likely to dominate the global smart cameras with the largest market share in the region. APAC's developing countries such as Taiwan, China, Japan, and South Korea are contributing significantly to the market.

Many suppliers of electronic components, manufacturers, and semiconductors are certified, expanding the market significantly. Europe is likely to see significant growth in the smartcamera market as the demand for security and surveillance in public places increases. North America is likely to expand due to the presence of developed countries such as Canada and the United States. It looks like it will expand considerably during the review period.

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